Examples of Series C-2 Shares in a sentence
For PC Refresh, we want flexibility with this type of program; configuration options with servers, cabinets, clients, etc.
No dividends or distributions of any nature whatsoever shall be paid on or in respect of any Ordinary Shares unless and until a dividend in like amount has been first paid in full on the Series A Shares, Series B Shares, Series C Shares, Series C-1 Shares and Series C-2 Shares (in each case pro rata, on an as-converted basis).
The conversion rate for the Series C-2 Shares shall be determined by dividing the applicable Series C-2 Issue Price for each of the Series C-2 Shares by its conversion price applicable to such Series C-2 Share (the “Series C-2 Conversion Price”), determined as hereafter provided, in effect on the date the certificate is surrendered for conversion.
In addition, if the Company fails (for whatever reason) to redeem any Series C-2 Shares, Series C-1 Shares, Series C Shares or Series B Shares on its due date for redemption then, as from such date until the date on which the same are redeemed the Company shall not declare or pay any dividend nor otherwise make any distribution of or otherwise decrease its profits available for distribution.
The Company shall at all times reserve and keep available out of its authorized but unissued Class A Ordinary Shares, for the purpose of effecting the conversion of the Series C-2 Shares, the Series C-1 Shares, the Series C Shares and the Series B Shares.