Series B-1 Issue Price definition

Series B-1 Issue Price means US$0.1438 (which is converted from RMB0.9883 at a rate of RMB6.8716 to US$1.00, the mid-point exchange rate released by the People’s Bank of China on July 1, 2019), as adjusted pursuant to the Memorandum and Articles for share splits, share dividends, combinations, Recapitalizations and similar events with respect to the Series B-1 Preferred Shares.

Series B-1 Issue Price means US$18.70, as appropriately adjusted for share splits, share dividends, combinations, recapitalizations and similar events with respect to the Series B-1 Preferred Shares.

Series B-1 Issue Price means the per share price of US$1.0122.

Examples of Series B-1 Issue Price in a sentence

• The number of shares of Common Stock to which a holder of Preferred Stock shall be entitled upon conversion shall be determined by dividing the Series A Issue Price, Series B Issue Price, Series B-1 Issue Price, Series C Issue Price, Series C-1 Issue Price or Series D Issue Price, as applicable, by the conversion price for such share in effect at the time that such certificate is surrendered for conversion, and then multiplying by the number of shares of Preferred Stock being converted.

• For the purposes hereof “ Original Issue Price” will mean the Original Series A Issue Price, Original Series Al Issue Price, Original Series B Issue Price, Original Series B1 Issue Price, Original Series C Issue Price, Original Series C1 Issue Price, Original Series D Issue Price, Original Series D1 Issue Price, Original Series E Issue Price, Original Series El Issue Price, Original Series F Issue Price and/or Original Series F1 Issue Price, as relevant to the situation.

• The interest rate shall reduce to Prime plus 1.0% upon the Borrower achieving a Debt to Equity ratio of 2.50:1 or better as evidenced by an audited year end financial statement.

• The "Original Series B and Series B-1 Issue Price" shall be eight dollars ($8.00), as appropriately adjusted for any future stock splits, stock combinations, stock dividends or similar transactions affecting the Senior Preferred.

• The initial Series B1 Conversion Price for each of the Series B1 Shares shall be its Series B1 Issue Price.

More Definitions of Series B-1 Issue Price

Series B-1 Issue Price means US$114.6813, as appropriately adjusted for share splits, share dividends, combinations, recapitalizations and similar events with respect to the Series B-1 Preferred Shares after the date hereof.

Series B-1 Issue Price means US$2.20;

Series B-1 Issue Price means the Series B-1 Purchase Price as defined in the Series B Purchase Agreement, which shall be US$0.03759999955 per share, as appropriately adjusted for share splits, share dividends, combinations, recapitalizations and similar events with respect to the Series B-1 Preferred Shares.

Series B-1 Issue Price means US$1.4057 per Series B-1 Preferred Share, and in respect of any holder of Series B-1 Preferred Shares, in respect of the shares purchased and reclassified from the Ordinary Shareholders held by Fortune Creation Investments Limited, ZJHX Holding Limited and Glory Field Limited, US$1.12456 per Series B-1 Preferred Share, as appropriately adjusted for any share dividend, share split, combination of shares, reorganization, recapitalization, reclassification or other similar event affecting the Series B-1 Preferred Shares.

Series B-1 Issue Price means initially US$5.384189 per share, as appropriately adjusted for share splits, share dividends, combinations, recapitalizations and similar events with respect to the Series B-1 Preferred Shares.

Series B-1 Issue Price has the meaning set forth in the Restated Articles.

Series B-1 Issue Price means US$1.4057 per Series B-1 Preferred Share, and in respect of any holder of Series B-1 Preferred Shares, in respect of the shares purchased and reclassified from the Ordinary Shareholders held by Fortune Creation Investments Limited, New Hope and Glory Field Limited, US$1.12456 per Series B-1 Preferred Share, as appropriately adjusted for any share dividend, share split, combination of shares, reorganization, recapitalization, reclassification or other similar event affecting the Series B-1 Preferred Shares.