Series A-1 Conversion Price definition

Series A-1 Conversion Price shall initially be equal to $0.40. The “Series A-2 Conversion Price” shall initially be equal to $0.40. The “Conversion Price” shall mean, as applicable, the Series A-1 Conversion Price or the Series A-2 Conversion Price. Such initial Conversion Price, and the rate at which shares of Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.
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Series A-1 Conversion Price means a price that initially equals to the Original Series A-1 Issue Price, and shall be adjusted from time to time as provided below in Clause 9 (d)(iv) of the Memorandum.
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Series A-1 Conversion Price shall initially equal the Original Series A-1 Issue Price, the “Series A-2 Conversion Price” shall initially equal the Original Series A-2 Issue Price, the “Series A-3 Conversion Price” shall initially equal the Original Series A-3 Issue Price, the “Series B Conversion Price” shall initially equal the Original Series B Issue Price and the “Series C Conversion Price” shall initially equal the Original Series C Issue Price, each of which shall be adjusted from time to time as provided below in Clause 9(d)(v).
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Examples of Series A-1 Conversion Price in a sentence

  • Dividends with respect to the Series A-1 Stock shall be payable in shares of Common Stock (calculated based upon the then effective Series A-1 Conversion Price), as accrued, upon the conversion of the Series A-1 Stock into Common Stock.

  • Such initial Series A-1 Conversion Price, and the rate at which shares of Series A-1 Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • The Enhanced Nationally Determined Contribution (NDC) Financing Strategy establishes the most attainable financing scenario given current investment patterns and structures for the country’s largest emissions sector, energy, as well as the other sectors of waste, forestry and agriculture.Figure 1.

  • Each share of SeriesA-1 Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from time to time, and without the payment of additional consideration by the holder thereof, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the Series A-1 Original Issue Price by the Series A-1 Conversion Price (as defined below) in effect at the time of conversion.

  • The conversion rate for the Series A1 Shares shall be determined by dividing the Series A1 Issue Price for each of the Series A1 Shares by its conversion price provided that in the event of any share splits, share combinations, share dividends, recapitalisations and similar events, the initial Series A1 Conversion Price shall be adjusted accordingly.


More Definitions of Series A-1 Conversion Price

Series A-1 Conversion Price means the price at which Class A Ordinary Shares shall be deliverable upon conversion of the Series A-1 Preferred Shares and Class B Ordinary Shares as stipulated in Article 15.
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Series A-1 Conversion Price means the Series A-1 Liquidation Value subject to adjustment as provided in Section (d).
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Series A-1 Conversion Price as of the Effective Time shall mean $1.05 per share for the Series A Preferred Stock (subject to adjustment from time to time after the Effective Time for Recapitalizations and as otherwise set forth elsewhere herein).
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Series A-1 Conversion Price means the amount set forth in paragraph 4(a), as adjusted pursuant to Section 5.
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Series A-1 Conversion Price shall initially be equal to $1.36. The “Series A Conversion Price” shall initially be equal to $50.00. Such initial Series E Conversion Price Series, Series D Conversion Price, Series C Conversion Price, Series B Conversion Price, Series A-1 Conversion Price and Series A Conversion Price, and the rate at which shares of Series E Preferred Stock, Series D Preferred Stock, Series C Preferred Stock, Series B Preferred Stock, Series A-1 Preferred Stock and Series A Preferred Stock, as the case may be, may be converted into shares of Common Stock, shall be subject to adjustment as provided below.
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Series A-1 Conversion Price shall initially equal the Series A-1 Share Price, and shall be adjusted from time to time as provided below in Section 4.5.
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Series A-1 Conversion Price has the meaning ascribed to it in Article 4 hereof.
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