Preferred Shareholders definition
Examples of Preferred Shareholders in a sentence
However, in no event shall the Company include, in the applicable offering (other than a Qualified IPO), less than twenty-five percent (25%) of aggregate number of the Registrable Securities that the Preferred Shareholders have requested to be registered.
The Company shall not enter into any agreement with any holder or prospective holder of any Equity Securities giving such holder or prospective holder any registration rights the terms of which are more favorable than or equivalent to the registration rights granted to the Preferred Shareholders hereunder without the prior written approval of the Preferred Shareholders.
In any such case, appropriate adjustment shall be made in the application of the provisions of this paragraph 3 with respect to the rights of the Preferred Shareholders after the reclassification or recapitalization to the end that the provisions of this paragraph 3 (including adjustment of the applicable Conversion Price then in effect and the number of shares purchasable upon conversion of the relevant Preferred Shares) shall be applicable after that event as nearly equivalent as may be practicable.
Notices to the Ordinary Shareholders shall also be given to the Restricted Individual and the Preferred Shareholders on the same date and in the same manner.
Subject to Sections 4.5, Section 4.6, Section 4A and Section 4B of this Agreement, if any Ordinary Shareholder proposes to sell or transfer any Restricted Ordinary Shares held by it (“Selling Shareholder”), then such Selling Shareholder shall promptly give written notice (the “ROFR Notice”) to the Company and each of the Preferred Shareholders (the “Non-Selling Shareholders”) prior to such sale or transfer.