Examples of Series A-1 Preference Amount in a sentence
Subject to the occurrence of the Acceptance Date, on the Payment Date, Purchaser will purchase the Stockholder’s Shares that are Preferred Shares for a price per share in cash equal to the Series A-1 Preference Amount (as defined in the Certificate of Designations) calculated as of the day immediately preceding the Payment Date.
The shares of Series A-1 Preferred to be redeemed on the Redemption Date shall be redeemed by paying for each such share in cash an amount equal to Series A-1 Preference Amount (the “Redemption Price”).
If the Company has insufficient assets to permit payment of the Series A-1 Preference Amount in full to all holders of Series A-1 Preferred Shares, then the assets of the Company shall be distributed ratably to the holders of the Series A-1 Preferred Shares in proportion to the full Series A-1 Preference Amount each such holder of Series A-1 Preferred Shares would otherwise be entitled to receive under this Section 2(b).
For the avoidance of doubt, the Series A-1 Preference Amount shall not include any declared dividends accrued on the Series A-1 Preferred Shares, regardless of whether paid or unpaid.
The shares of Series A-1 Preferred to be redeemed on the Put Date shall be redeemed by paying for each such share in cash an amount equal to Series A-1 Preference Amount (the “Put Price”).
If the assets and funds thus distributed among the holders of the Series A-1 Preferred Shares shall be insufficient to permit the payment to such holders of the full Series A-1 Preference Amount, then the entire assets and funds of the Company legally available for distribution shall be distributed ratably among the holders of the Series A-1 Preferred Shares in proportion to the aggregate Series A-1 Preference Amount each such holder is otherwise entitled to receive pursuant to this subparagraph (1).
In case of any public offering of the Ordinary Shares of the Company (or depositary receipts or depositary shares therefor) that is not a Qualified IPO, each holder of the Preferred Shares may, at its own discretion, receive a cash payment equal to the Series A Preference Amount or Series A-1 Preference Amount as determined in accordance with Article 8.2A(1) and convert its Preferred Shares into fully-paid non assessable Ordinary Shares based on the then-effective Conversion Price.
If the assets and funds of the Company thus distributed among the Series A-1 Preferred Holders shall be insufficient to permit the payment to such holders of the Series A-1 Preference Amount in full, then the entire assets and funds of the Company legally available for distribution shall be distributed ratably among the Series A-1 Preferred Holders in proportion to the aggregate Series A-1 Preference Amount each such holder is otherwise entitled to receive pursuant to this subparagraph (f).
If the remaining assets of the Company legally available therefor after the full distribution of the Series C Preference Amount, Series B Preference Amount and Series A-1 Preference Amount pursuant to paragraphs (a) and (b) above shall be insufficient to make payment in full of the Series A Preference Amount, then such assets shall be distributed among the holders of Series A Preferred Shares ratably in proportion to the full amounts to which they would otherwise be respectively entitled thereon.
If there are any assets or funds remaining after the aggregate Series A Preference Amount and Series A-1 Preference Amount have been distributed or paid in full to the applicable holders of Preferred Shares pursuant to clauses (1) and (2), the remaining assets and funds of the Company available for distribution to the Members shall be distributed ratably among all Members according to the relative number of Ordinary Shares held by such Member (including Preferred Shares on an as if converted basis).