Purchased Preferred Shares definition

Purchased Preferred Shares shall have the meaning set forth in Section 2.01(b).

Purchased Preferred Shares means a number of shares of Series A Preferred Stock equal to the quotient obtained by dividing (i) (x) the Stock Consideration Amount, less (y) the number of Purchased Common Shares issued hereunder, divided by (ii) the Conversion Rate.

Purchased Preferred Shares shall have the meaning assigned to such term in the Securities Purchase Agreement.

Examples of Purchased Preferred Shares in a sentence

• The Purchased Preferred Shares, when issued, will have the designations, preferences and relative, participating, optional and other rights and qualifications, limitations and restrictions set forth in the Certificate of Designations.

• The Company shall, following the Closing Date, take all action reasonably necessary to effect the listing of the shares of the Purchased Common Shares and shares of Company Common Stock issuable upon conversion of the Purchased Preferred Shares on the NYSE, upon official notice of issuance.

• The Company will use its reasonable best efforts to obtain any authorization, consent, approval or other action by, and shall make any filing with any court or administrative body that may be required under, applicable state securities laws in connection with the issuance of shares of Company Common Stock upon conversion of the Purchased Preferred Shares.

• Assuming the accuracy of the Purchasers representations and warranties set forth in ARTICLE IV, the offer, sale and issuance by the Company of the Securities, and the issuance of the shares of Company Common Stock upon conversion of the Purchased Preferred Shares and upon the exercise of the Warrants, are exempt from the registration requirements under the Securities Act, and the rules and regulations promulgated thereunder.

• The Company shall, following the Closing Date, use reasonable best efforts to effect the listing of the Purchased Common Shares and Company Common Stock issuable upon conversion of the Purchased Preferred Shares and the exercise of the Warrants on Nasdaq.

More Definitions of Purchased Preferred Shares

Purchased Preferred Shares means 27,450,000 New Preferred Shares subscribed for by the Investor pursuant to this Agreement;

Purchased Preferred Shares. Acquisition Agreement “Second Common Distribution” 4.2(c)

Purchased Preferred Shares has the meaning set forth in the Recitals.

Purchased Preferred Shares means the Preferred Shares to be issued and sold to the Purchasers pursuant to this Agreement (which shall include any Preferred Shares issued pursuant to both the Initial Closing and the Subsequent Closing, if any).

Purchased Preferred Shares has the meaning assigned to such term in Recital A.

Purchased Preferred Shares has the meaning given to such term in the recitals hereto;

Purchased Preferred Shares shall have the meaning set forth in the recitals.