Preferred Shares definition

Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.
Preferred Shares means the Series A Preferred Shares and the Series B Preferred Shares.

Examples of Preferred Shares in a sentence

  • Each of the Preferred Shares that is issued and outstanding immediately prior to such time shall be converted into one Ordinary Share on a one-for-one basis, by re-designation and re-classification, in accordance with the Company Charter (the “Preferred Share Conversion”).

  • In a Liquidity Event or Dissolution Event, this Safe is intended to operate like standard non-participating Preferred Shares.

  • If there is an Equity Financing before the termination of this Safe, on the initial closing of such Equity Financing, this Safe will automatically convert into the number of Safe Preferred Shares equal to the Purchase Amount divided by the Conversion Price.

  • The Investor’s right to receive its Conversion Amount is (A) on par with payments for Ordinary Shares and other Safes and/or Preferred Shares who are also receiving Conversion Amounts or Proceeds on a similar as-converted to Ordinary Shares basis, and (B) junior to payments described in clauses (i) and (ii) above (in the latter case, to the extent such payments are Purchase Amounts or similar liquidation preferences).


More Definitions of Preferred Shares

Preferred Shares means shares of Series A Participating Preferred Stock, par value $0.001 per share, of the Company.
Preferred Shares means a class of Shares of the Company that entitles the Record Holders thereof to a preference or priority over the Record Holders of any other class of Shares of the Company in (i) the right to share profits or losses or items thereof, (ii) the right to share in distributions, or (iii) rights upon termination or liquidation of the Company (including in connection with the dissolution or liquidation of the Company). “Preferred Shares” shall not include Common Shares.
Preferred Shares shall have the meaning set forth in the introductory paragraph of this Rights Agreement. Any reference in this Rights Agreement to Preferred Shares shall be deemed to include any authorized fraction of a Preferred Share, unless the context otherwise requires.
Preferred Shares has the meaning set forth in the Statement.
Preferred Shares has the meaning set forth in the Recitals.
Preferred Shares means shares of Preferred Stock.
Preferred Shares has the meaning set forth in Section 2.1.