Series C-2 Preferred definition
Examples of Series C-2 Preferred in a sentence
Each Excess Series C-2 Preferred Share shall be identical in all respects to each other Excess Series C-2 Preferred Share, and except as otherwise provided herein, shall be identical in all respects to each Series C-2 Preferred Share (the Series C-2 Preferred Shares together with the Excess Series C-2 Preferred Shares being hereinafter referred to as the "Series C-2 Equity Shares").
Any vacancy in the position of Series C Director shall be filled by the holders of the Series C-1 Preferred Stock and the holders of the Series C-2 Preferred Stock by vote or written consent in lieu of a meeting; and no such directorship may be filled by stockholders of the Corporation other than by the holders of the Series C-1 Preferred Stock and the holders of the Series C-2 Preferred Stock, voting exclusively and as a separate class.
After the payment or the setting apart of payment to the holders of the Series A-1 Preferred, Series A-2 Preferred, Series B Preferred, Series C-1 Preferred, Series C-2 Preferred and Series C-3 Preferred of the preferential amounts so payable to them, the holders of Common Stock shall be entitled to receive all remaining assets of this corporation.
Series F 1,210,837 1.8738 % Section (B) Immediately after the Closing: Authorized capital: US$200,000 divided into: (i) 143,831,307 Ordinary Shares, (ii) 5,000,000 Series A Preferred Shares, (iii) 982,178 Series A-1 Preferred Shares, (iv) 7,060,263 Series B Preferred Shares, (v) 8,670,877 Series C-1 Preferred Shares, (vi) 1,055,891 Series C-2 Preferred Shares, (vii) 15,935,515 Series D Preferred Shares, (viii) 8,947,749 Series E Preferred Shares, and (ix) 8,516,220 Series F Preferred Shares.
The Series C-1 Preferred Stock and the Series C-2 Preferred Stock are sometimes collectively and individually referred to as "Series C Preferred Stock".
All of the preferential amounts to be paid to the holders of the Series B Preferred, Series C-1 Preferred, Series C-2 Preferred and Series C-3 Preferred under this Section 3 shall be paid or set apart for payment before the payment or setting apart for payment of any amount for, or the distribution of any assets of this corporation to, the holders of the Series A-1 Preferred, Series A-2 Preferred, and Common Stock in connection with such liquidation, dissolution or winding up.
Except with the approval of holders holding a majority of the aggregate of the Series C-1 Preferred Stock and the Series C-2 Preferred Stock, the Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur or guarantee, assume or suffer to exist any Indebtedness (other than Permitted Indebtedness).
A total of 8,670,877 authorized Series C-1 Preferred Shares and 1,055,891 authorized Series C-2 Preferred Shares, all of which are issued and outstanding immediately prior to the Closing.
With respect to any conversion by a holder of Series C-2 Preferred Stock, such holder shall not sell in the market any shares of Common Stock held by it during the twenty (20) days preceding the Series C-2 Conversion Date.
Each such Conversion Price shall be subject to adjustment as set forth in subsection (d) of this Section 3, and in the case of Series C-1 Preferred Stock and Series C-2 Preferred Stock, respectively, as further set forth under Section 3(m).