Examples of Original Issuance Price in a sentence
Each share of Series A Preferred Stock shall be convertible into that number of fully-paid and nonassessable shares of Common Stock that is equal to the applicable Original Issuance Price divided by the applicable Conversion Price (as hereinafter defined).
Upon the Company accepting a Common Unitholder’s Commitment, such Common Unitholder will automatically be obligated to pay an amount equal to the Original Issuance Price of the Common Units corresponding to that Commitment.
The Conversion Price for a share of Series A Preferred Stock shall initially be the Original Issuance Price and shall be subject to adjustment as provided herein (the “Conversion Price”).
The Company will require payment of the Original Issuance Price as part of the initial drawdown pursuant to 6.1.3 with respect to those Units.
For the Class C Preferred Stock, the Original Issuance Price is $8.00 and the initial Conversion Price is $8.00.