Examples of Preferred Share Issue Price in a sentence
The initial conversion price of a Preferred Share will be its respective Original Preferred Share Issue Price (i.e., a 1-to-1 initial conversion ratio), which will be subject to adjustments to reflect stock dividends, stock splits and other events, as provided in Article 39 below (the “Preferred Share Conversion Price”).Nothing in this Article 35 shall limit the automatic conversion rights of Preferred Shares described in Article 36 below.
The initial conversion price will be the Preferred Share Issue Price (i.e., a 1-to-1 initial conversion ratio), which will be subject to adjustments to reflect stock dividends, stock splits and other events, as provided in Article 39 below (the “Preferred Share Conversion Price”).Nothing in this Article 35 shall limit the automatic conversion rights of Preferred Shares described in Article 36 below.
Subject to Section 2.3, the Company agrees to issue 9,000 Preferred Shares to the Purchaser on the first Business Day following the date hereof (the “Initial Closing Date”), and the Purchaser agrees to subscribe and pay for each of such 9,000 Preferred Shares, at a price per Preferred Share equal to the Preferred Share Issue Price, on the first Business Day following the date hereof (the time of such initial purchase, the “Initial Closing”).
Unless converted earlier pursuant to Article 36 below, each holder of Preferred Shares shall have the right, at such holder’s sole discretion, to convert all or any portion of the Preferred Shares into Ordinary Shares at any time.The conversion rate for Series Seed Preferred Shares shall be determined by dividing the Series Seed Preferred Share Issue Price by the applicable conversion price then in effect for Series Seed Preferred Shares at the date of the conversion (the “Series Seed Conversion Price”).
Their newspaper Hoy was closed down, the party was formally banned and the purge of the remaining communists in the CTC was intensified.196 In a widely circulated Carta Abierta a los Putchistas y Terroristas, they argued that individual action, such as the Moncada attack, disorientated the masses and gave the government an excuse for brutal repression197.
The initial conversion price will be the applicable Preferred Share Issue Price (i.e., a 1-to-1 initial conversion ratio), which will be subject to adjustments to reflect stock dividends, stock splits and other events, as provided in Article 57 below (the “Preferred Share Conversion Price”).
Unless converted earlier pursuant to Article 36 below, each holder of Preferred Shares shall have the right, at such holder’s sole discretion, to convert all or any portion of the Preferred Shares into Ordinary Shares at any time.The conversion rate for Series C Preferred Shares shall be determined by dividing the Series C Preferred Share Issue Price by the applicable conversion price then in effect for the Series C Preferred Shares at the date of the conversion (the “Series C Conversion Price”).
In the event that Tenant elects to terminate this Lease as stated above, the security deposit and all pre paid rent shall be returned immediately to Tenant.
The number of Ordinary Shares to which a holder shall be entitled upon conversion of any Preferred Share shall be the quotient of the Preferred Share Issue Price divided by the then-effective Applicable Conversion Price (as defined below).
Also, effective March 15, 2018, the holders of Series B Preferred Shares shall be entitled to receive non-cumulative non-compounding cash dividends at the rate of three percent (3%) of the applicable Preferred Share Issue Price, if and when declared by the Board (including the affirmative vote of the Investor Director), on each outstanding Preferred Share, which changed from the previous cumulative compounding cash dividends at the rate of eight percent (8%), under the original agreement.