Shares Issuable. The number of Ordinary Shares “obtainable upon exercise” or “issuable upon exercise” of a Warrant at any time shall be the number of Ordinary Shares for which such Warrant is then exercisable. The number of Ordinary Shares “for which each Warrant is exercisable” shall be one (1) share, subject to adjustment as provided in Section 4.1.
Shares Issuable. The number of shares of Common Stock “obtainable upon exercise” of Warrants at any time shall be the number of shares of Common Stock into which such Warrants are then exercisable. The Company will confirm the number of shares obtainable upon exercise if so requested by the Warrant Agent. The number of shares of Common Stock “into which each Warrant is exercisable” shall be one (1) share, subject to adjustment as provided in Section 5.1.
Shares Issuable. To determine the number of Warrant Shares for which the Warrant may be exercised, the Company shall determine the average Closing Price (as defined below) of the Common Stock for the (i) fifteen (15) consecutive trading days immediately preceding the Determination Date and (ii) the thirty (30) consecutive trading days ending fifteen (15) trading days prior to the Determination Date, and shall calculate the number of shares of the Common Stock, or fraction thereof, which could be purchased at the greater of such two average Closing Prices for a purchase price of twenty-five cents ($0.25). The result of this calculation shall be the "Share Factor." The Share Factor shall be multiplied by the number of Warrants stated on the first page of this Warrant to determine the number of whole shares for which this Warrant may be exercised. Fractional shares resulting from aggregate exercises shall be rounded to the nearest whole share.
Shares Issuable. The number of Warrant Shares issuable upon exercise of Warrants will be the number of Warrant Shares into which such Warrants are then exercisable. The number of Warrant Shares "into which each Warrant is exercisable" initially will be one share, subject to adjustment as provided in paragraph 5 of this Agreement.
Shares Issuable. The number of Warrant Shares "issuable upon exercise" of Warrants at any time shall be the number of Warrant Shares into which such Warrants are then exercisable. The number of Warrant Shares "into which each Warrant is exercisable" initially shall be one share, subject to adjustment as provided in Section 6.1. 4. REGISTRATION RIGHTS The Warrantholders and holders of Warrant Shares shall have the registration rights provided for in any relevant Registration Rights Agreement. The Warrant Agent shall keep copies of any Registration Rights Agreement (to the extent the Company has provided any such Registration Rights Agreement to the Warrant Agent) available for inspection by the Holders during normal business hours at its Corporate Agency office. The Company shall supply the Warrant Agent from time to time with such numbers of copies of the Registration Rights Agreement as the Warrant Agent may request.
Shares Issuable. (a) The number of whole shares of the Maker's capital stock into which this Note may be converted ("Conversion Shares") shall be determined by dividing the aggregate outstanding principal and/or accrued interest hereunder, as applicable, by the Conversion Price (as hereinafter defined). The Conversion Price shall be equal to seventy-five percent (75%) of the average closing price for a share of Common Stock on the OTC Bulletin Board on the twenty (20) Trading Days prior to the Conversion Date (as hereinafter defined) as reported in THE WALL STREET JOURNAL (the "Conversion Price").
Shares Issuable. The Company represents that the Warrant Shares issuable upon the exercise of this Warrant will at delivery be fully paid and non-assessable and free from taxes, liens, encumbrances and charges with respect to their purchase. The Company shall at all times reserve and hold available sufficient shares to satisfy all conversion and purchase rights of outstanding convertible securities, options and warrants of the Company, including this Warrant.
Shares Issuable. (a) The number of whole shares of Series B Preferred Stock into which this Note shall be converted pursuant to Section 2.1 hereof shall be determined by dividing (i) the aggregate principal amount of this Note, together with all accrued interest to the date of conversion, by (ii) the Series B Conversion Price. The Series B Conversion Price shall be equal to the purchase price of Series B Preferred Stock as determined at the first closing of the Financing (the "Series B Conversion Price").
Shares Issuable. The maximum number of Shares reserved and available for issuance under the Plan shall equal the difference between (i) 9 percent of the total number of issued and outstanding shares of Stock (on a fully diluted basis assuming the exchange of all OP Units for Shares) and (ii) the number of Shares subject to options under the Existing Option Plan and the Trustees' Plan, calculated with respect to both clauses (i) and (ii) as of the Effective Date. For purposes of this limitation, the Shares underlying any Awards which are forfeited, cancelled, reacquired by the Company, satisfied without the issuance of Shares or otherwise terminated (other than by exercise) shall be added back to the shares of Shares available for issuance under the Plan so long as the participants to whom such Awards had been previously granted received no benefits of ownership of the underlying Shares to which the Award related. Subject to such overall limitation and except for the Initial Grants, Shares in respect of Awards granted under the Plan may be issued up to such maximum number, provided, however, that no more than 50,000 Stock Options (plus, if applicable, any Initial Grant for 1996) may be granted to any one individual during any calendar year. The shares available for issuance under the Plan may be authorized buy unissued Shares or Shares reacquired by the Company.
Shares Issuable. The number of shares of Class B Common Stock “obtainable upon exercise” of Warrants at any time shall be the number of shares of Class B Common Stock for which such Warrants are then exercisable. The number of shares of Class B Common Stock “for which each Warrant is exercisable” shall be one (1) share, subject to adjustment as provided in Section 4.1.
