Allocable Number definition
Examples of Allocable Number in a sentence
The Allocable Number need not be a whole number, but in the case of any partial exchange of a Warrant under this Section 4.2, the Allocable Number shall be determined so that the number of Warrant Shares to be issued in such exchange shall be a whole number only.
In the case of an exchange pursuant to Section 4.2, the number of remaining Warrant Shares shall be the original number of Warrant Shares subject to the Warrant so exchanged reduced by the Allocable Number.
The number of shares of Common Stock to be received by a Holder upon such exchange shall be equal to (a) the number of Warrant Shares allocable to the portion of the Warrant being exchanged (the "ALLOCABLE NUMBER"), as specified by such Holder in the Exchange Form less (b) the number of shares equal to the quotient obtained by dividing (i) the product obtained by multiplying (A) the Exercise Price times (B) the Allocable Number by (ii) the Market Price as of the Delivery Date (as defined below).
The number of shares of Common Stock to be received by a Holder upon such exchange shall be equal to (a) the number of Warrant Shares allocable to the portion of the Warrant being exchanged (the "Allocable Number"), as specified by such Holder in the Exchange Form less (b) the number of shares equal to the quotient obtained by dividing (i) the product obtained by multiplying (A) the Exercise Price times (B) the Allocable Number by (ii) the Market Price as of the Delivery Date (as defined below).
In the case of a conversion pursuant to Section 4.2(a), the number of remaining Warrant Shares shall be the original number of Warrant Shares subject to the Warrant so converted reduced by the Allocable Number.
In the case of an exchange pursuant to Section 4.2, the number of remaining Warrant Shares shall be the original number of Warrant Shares subject to the Warrant so exchanged reduced by the Allocable Number of Warrant Shares.
The Allocable Number need not be a whole number, but in the case of any partial conversion of a Warrant under this Section 4.2, the Allocable Number shall be determined so that the number of Warrant Shares to be issued in such conversion shall be a whole number only.
Any attempt to sell, transfer, pledge, hypothecate or otherwise dispose of any PSU contrary to the provisions of this PSU Agreement and the Plan shall be void and ineffective and shall give no right to the purported transferee.
In the case of an exchange pursuant to Section 4.2, the number of remaining Warrant Shares shall be the number of Warrant Shares issuable upon exercise of the Warrant so exchanged immediately prior to the exchange reduced by the Allocable Number.
The number of shares of Common Stock to be received by a Holder upon such conversion shall be equal to (a) the number of Warrant Shares allocable to the portion of the Warrant being converted (the "Allocable Number"), as specified by such ---------------- Holder in the Conversion Form less (b) the number of shares obtained by (i) ---- multiplying the Allocable Number by the Exercise Price and (ii) dividing the product obtained in (i) by the Market Price as of the Delivery Date (as defined below).