Common use of Class of Shares Clause in Contracts

Class of Shares. The class and series of the Company’s capital stock for which this Warrant shall be exercisable (the “Class”) shall be Qualified Financing Securities; provided, that if the Qualified Financing shall not have been consummated, for any reason or no reason, on or before April 30, 2010, then the “Class” shall be Series A Stock from and after such date; provided, further, that if, prior to both April 30, 2010 and the consummation of the Qualified Financing, there shall be an Acquisition or IPO, then “Class” shall be Series A Stock as of immediately prior to (i) the effectiveness of the registration statement filed in connection with the IPO, or (ii) the closing of the Acquisition, as the case may be.

Appears in 2 contracts

Sources: Warrant Agreement (Fate Therapeutics Inc), Warrant Agreement (Fate Therapeutics Inc)

Class of Shares. The class and series of the Company’s capital stock for which this Warrant shall be exercisable (the “Class”) shall be Qualified Financing Securities; provided, that if the Qualified Financing shall not have been consummated, for any reason or no reason, on or before April 30August 31, 20102012, then the “Class” shall be Series A B Stock from and after such date; provided, further, that if, prior to both April 30August 31, 2010 2012 and the consummation of the Qualified Financing, there shall be an Acquisition or IPO, then “Class” shall be Series A B Stock as of immediately prior to (i) the effectiveness of the registration statement filed in connection with the IPO, or (ii) the closing of the Acquisition, as the case may be.

Appears in 1 contract

Sources: Warrant Agreement (Fate Therapeutics Inc)