Series E Units definition
Examples of Series E Units in a sentence
The Company and the holders of Series E Units shall file all federal income tax returns consistent with such characterization.
ValorInvest represents and warrants to the Company, as of the date of this Agreement, that ValorInvest has no present plan or intention to sell the Series E Units or the Common Stock issuable upon conversion/exercise thereof in the United States at any predetermined time, and has made no predetermined arrangements to sell the Series E Units or the Common Stock issuable upon conversion/exercise thereof.
Unvested Series E Units shall vest or remain unvested in the manner and subject to the conditions set forth in the applicable Restricted Unit Agreement under which such Units were granted.
The issuance, sale, and delivery of the Series E Units is not subject to any preemptive right of any shareholder of the Company or to any right of first refusal or other right in favor of any person.
The Company may from time to time designate and issue additional series of Series E Units (up to the number of authorized but unissued Series E Units), each of which shall be designated by a sequential number (e.g. Series E-2, Series E-3, etc.).
ValorInvest is acquiring the Series E Units and the Common Stock issuable upon conversion/exercise thereof for its own account for investment and not as a nominee and not with a view to the distribution thereof.
At least one of the Investors is the record and beneficial owner of 2,000,000 shares of Series B Preferred Stock, 239,975 shares of Series C Preferred Stock and 235,295 Series E Units, together with the right to receive any accrued but unpaid dividends thereon.
The Series E Units may be vested (the “Vested Series E Units”) or unvested (the “Unvested Series E Units”).
As of the date of this Agreement, (A) 59,890,000 Series A-1 Preferred Units are issued and outstanding, 39,980,004 Series A-2 Preferred Units are issued and outstanding, 5,518,800 Series B-1 Units and 2,364,200 Series B-2 Units are issued and outstanding, 7,170,000 Series C Units are issued and outstanding, 11,346,100 Series D Units are issued and outstanding and 6,547,000 Series E Units are issued and outstanding; and (B) except as set forth on Schedule 6.03(h), no Units are held by Laredo in treasury.
ValorInvest understands that no United States federal or state agency, or similar agency of any other country, has reviewed, approved, passed upon, or made any recommendation or endorsement of the Company or the purchase of the Series E Units.