Calculation of Warrant Compensation. Motorola shall earn Warrants or Shares based on the amount and duration of Motorola Exposure. The number of Warrants or Shares shall be earned according to the following table, pro rated both (A) for the actual dollar amount of Motorola Exposure outstanding during each relevant period and (B) for the number of days such Motorola Exposure was outstanding during such period. The following table indicates the maximum amount of Warrants or Shares issuable for each full $100 million of Motorola Exposure, assuming such Motorola Exposure was outstanding during the entire relevant period. MOTOROLA EXPOSURE NUMBER OF WARRANTS PER $100 MILLION OF MOTOROLA EXPOSURE PER YEAR (PRIOR TO THE COMMERCIAL ACTIVATION DATE) $ 0 -- $ 275,000,000 0/412,500(1) 275,000,001 -- 499,999,000 412,500 500,000,000 -- 749,999,999 637,500 750,000,000 -- (or more) 825,000 (AFTER THE COMMERCIAL ACTIVATION DATE) $ 0 -- $275,000,000 0/412,500(1) 275,000,001 -- 499,999,999 412,500 500,000,000 -- 749,999,999 637,500 750,000,000 -- 849,999,999 825,000 850,000,000 -- 949,999,999 847,500 950,000,000 -- 1,049,999,999 877,500 1,050,000,000 -- (or more) 900,000 (1) See Section 3(e) below For example, (A) if there is $750,000,000 of Motorola Exposure outstanding for a period of one year, which year is prior to the Commercial Activation Date, Motorola will have earned Warrants relating to 6,187,500 Shares ($750,000,000 / 100,000,000 = 7.5; 7.5* 825,000 = 6,187,500), and (B) if there is $850,000,000 of Motorola Exposure outstanding for a period of two years, one of which years is prior to the Commercial Activation Date and one of which is after the Commercial Activation Date, Motorola will have earned Warrants relating to 14,216,250 Shares ($850,000,000 / 100,000,000 = 8.5; 8.5 * 825,000 = 7,012,500; 8.5 * 847,500 = 7,203,750; 7,012,500+7,203,750 = 14,216,250).
Appears in 1 contract
Samples: Agreement Regarding Guarantee (Iridium Facilities Corp)
Calculation of Warrant Compensation. Subject to Sections 3(e) and 3(f), Motorola shall earn Warrants or Shares based on the amount and duration of Motorola Exposure. The number of Warrants or Shares shall be earned according to the following table, pro rated both (A) for the actual dollar amount of Motorola Exposure outstanding during each relevant period and (B) for the number of days such Motorola Exposure was outstanding during such period. The following table indicates the maximum amount of Warrants or Shares issuable for each full $100 million of Motorola Exposure, assuming such Motorola Exposure was outstanding during the entire relevant period. MOTOROLA EXPOSURE NUMBER OF WARRANTS SHARES PER $100 MILLION OF MOTOROLA EXPOSURE PER YEAR (PRIOR TO THE COMMERCIAL ACTIVATION DATENOVEMBER 1, 1998) $ 0 -- $ 275,000,000 0/412,500(1) 275,000,001 -- 499,999,000 412,500 500,000,000 -- 749,999,999 637,500 750,000,000 -- (or more) 825,000 (AFTER THE COMMERCIAL ACTIVATION DATENOVEMBER 1, 1998) $ 0 -- $275,000,000 0/412,500(1) 275,000,001 -- 499,999,999 412,500 500,000,000 -- 749,999,999 637,500 750,000,000 -- 849,999,999 825,000 850,000,000 -- 949,999,999 847,500 950,000,000 -- 1,049,999,999 877,500 MOTOROLA EXPOSURE NUMBER OF SHARES PER $100 MILLION OF MOTOROLA EXPOSURE PER YEAR 1,050,000,000 -- (or more) 900,000
(1) See Section 3(e) below For example, (A) if there is were $750,000,000 of Motorola Exposure outstanding for a period of one year, which year is prior to the Commercial Activation Date, Motorola will have earned Warrants relating to 6,187,500 Shares ($750,000,000 / 100,000,000 = 7.5; 7.5* 825,000 = 6,187,500), and (B) if there is $850,000,000 of Motorola Exposure outstanding for a period of two years, one of which years is prior to the Commercial Activation Date and one of which is after the Commercial Activation Date, Motorola will have earned Warrants relating to 14,216,250 Shares ($850,000,000 / 100,000,000 = 8.5; 8.5 * 825,000 = 7,012,500; 8.5 * 847,500 = 7,203,750; 7,012,500+7,203,750 = 14,216,250).
Appears in 1 contract
Samples: Agreement Regarding Guarantee (Iridium Facilities Corp)
Calculation of Warrant Compensation. Motorola shall earn Warrants or Shares based on the amount and duration of Motorola Exposure. The number of Warrants or Shares shall be earned according to the following table, pro rated both (A) for the actual dollar amount of Motorola Exposure outstanding during each relevant period and (B) for the number of days such Motorola Exposure was outstanding during such period. The following table indicates the maximum amount of Warrants or Shares issuable for each full $100 million of Motorola Exposure, assuming such Motorola Exposure was outstanding during the entire relevant period. MOTOROLA EXPOSURE NUMBER OF WARRANTS PER $100 MILLION OF MOTOROLA EXPOSURE PER YEAR (PRIOR TO THE COMMERCIAL ACTIVATION DATEPrior to the Commercial Activation Date) $ 0 -- $ 275,000,000 0/412,500(1) 275,000,001 -- 499,999,000 412,500 500,000,000 -- 749,999,999 637,500 750,000,000 -- (or more) 825,000 (AFTER THE COMMERCIAL ACTIVATION DATE) $ 0 -- $275,000,000 0/412,500(1) 275,000,001 -- 499,999,999 412,500 500,000,000 -- 749,999,999 637,500 750,000,000 -- 849,999,999 825,000 850,000,000 -- 949,999,999 847,500 950,000,000 -- 1,049,999,999 877,500 1,050,000,000 -- (or more) 900,000
(1) See Section 3(e) below For example, (A) if there is $750,000,000 of Motorola Exposure outstanding for a period of one year, which year is prior to the Commercial Activation Date, Motorola will have earned Warrants relating to 6,187,500 Shares ($750,000,000 / 100,000,000 = 7.5; 7.5* 825,000 = 6,187,500), and (B) if there is $850,000,000 of Motorola Exposure outstanding for a period of two years, one of which years is prior to the Commercial Activation Date and one of which is after the Commercial Activation Date, Motorola will have earned Warrants relating to 14,216,250 Shares ($850,000,000 / 100,000,000 = 8.5; 8.5 * 825,000 = 7,012,500; 8.5 * 847,500 = 7,203,750; 7,012,500+7,203,750 = 14,216,250).will
Appears in 1 contract
Calculation of Warrant Compensation. Motorola shall earn Warrants or Shares based on the amount and duration of Motorola Exposure. The number of Warrants or Shares shall be earned according to the following table, pro rated both (A) for the actual dollar amount of Motorola Exposure outstanding during each relevant period and (B) for the number of days such Motorola Exposure was outstanding during such period. The following table indicates the maximum amount of Warrants or Shares issuable for each full $100 million of Motorola Exposure, assuming such Motorola Exposure was outstanding during the entire relevant period. MOTOROLA EXPOSURE NUMBER OF WARRANTS PER $100 MILLION OF MOTOROLA EXPOSURE PER YEAR (PRIOR TO THE COMMERCIAL ACTIVATION DATEPrior to the Commercial Activation Date) $ 0 -- $ 275,000,000 499,999,999 0/412,500(1) 275,000,001 -- 499,999,000 412,500 500,000,000 -- 749,999,999 637,500 750,000,000 -- (or more) 825,000 (AFTER THE COMMERCIAL ACTIVATION DATE) $ 0 -- $275,000,000 0/412,500(1) 275,000,001 -- 499,999,999 412,500 500,000,000 -- 749,999,999 637,500 750,000,000 -- 849,999,999 825,000 850,000,000 -- 949,999,999 847,500 950,000,000 -- 1,049,999,999 877,500 1,050,000,000 -- (or more) 900,000
(1) See Section 3(e2(e) below For example, (A) if there is $750,000,000 of Motorola Exposure outstanding for a period of one year, which year is prior to the Commercial Activation Date, Motorola will have earned Warrants relating to 6,187,500 Shares ($750,000,000 / 100,000,000 = 7.5; 7.5* 825,000 = 6,187,500), and (B) if there is $850,000,000 of Motorola Exposure outstanding for a period of two years, one of which years is prior to the Commercial Activation Date and one of which is after the Commercial Activation Date, Motorola will have earned Warrants relating to 14,216,250 Shares ($850,000,000 / 100,000,000 = 8.5; 8.5 * 825,000 = 7,012,500; 8.5 * 847,500 = 7,203,750; 7,012,500+7,203,750 = 14,216,250).
Appears in 1 contract
Samples: Agreement Regarding Guarantee (Iridium Capital Corp)