Appreciation Currency definition

Appreciation Currency means the consideration given by the surrender of Warrants in exchange for Shares. The number of Shares to which the holder shall be entitled upon such surrender of Warrants ("X") shall be determined by applying the following formula: X = N x (($S - $W)/$S), where "N" is the number of Shares that would be received if the Warrants surrendered were instead exercised for cash, "$S" is the Current Market Price (as defined in section 9) per share of Common Stock and "$W" is the Warrant Price defined in section 7 as adjusted and readjusted as set forth in Section 8.
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Appreciation Currency means the consideration given by the surrender of Warrants in exchange for Warrant Shares. The number of Warrant Shares to which the holder shall be entitled upon such surrender of Warrants shall be determined by applying the following formula: WS=NWS$ x [(CMP$-WP$)/CMP$], where:
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Appreciation Currency means: the consideration given by the surrender of Warrants for Shares. The number of Shares to which the Holder shall be entitled in exchange for such Appreciation Currency shall be determined by multiplying the number of Shares that would be received if the Warrants were then exercised for cash, by the fraction, the numerator of which shall be the difference between (i) the Current Market Price of one Share and (ii) the Warrant Price (as defined below), and the denominator of which shall be the Current Market Price of one Share. In the event the Warrants are adjusted so as to become exercisable for securities other than Shares ("Other Securities"), the definition of Appreciation Currency shall apply to the exercise of Warrants for such Other Securities by substituting in the place of "Shares" each such Other Security.
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Examples of Appreciation Currency in a sentence

  • The Warrants initially are exercisable at the Exercise Price times the number of Shares (subject to adjustment as provided in Section 11 hereof) set forth in Section 8 hereof payable by certified or official bank check or wire transfer in New York Clearing House funds or through the use of Appreciation Currency (as defined below), or any combination thereof.

  • For purposes of determining Appreciation Currency, "Warrant Price" shall mean the Exercise Price defined in Section 1 hereof, as adjusted and readjusted as set forth in Section 11 hereof.

  • Payment of the Exercise Price shall be made by certified or official bank check or wire transfer in New York Clearing House funds or through the use of Appreciation Currency (as defined in the Warrant Agreement) or a combination thereof payable to the order of the Company.

  • Forward Foreign Currency Exchange ContractsUnrealized Appreciation Currency Purchased USD 3,534,957 JPY 386,609,000 USD 3,506,926 JPY 389,139,000 58,085 JPY 386,609,000 USD 3,483,381 USD 9,994 JPY 1,110,000 (3,292)Net unrealized appreciation Fair Value MeasurementsVarious inputs are used in determining the fair value of financial instruments.

  • Such Exercise Price and taxes shall be paid in full by cash, certified check, bank cashier's check or money order, payable in United States currency to the order of the Company or through the use of Appreciation Currency, or any combination thereof.

  • Payment of such price shall be made at the option of the Warrantholder in cash, by check, through the use of Appreciation Currency (as defined in the Selected Dealer Warrant Agreement) or any combination thereof.

  • In the event that Holder elects to utilize Appreciation Currency, the number of shares of Common Stock to be issued shall be computed by multiplying the number of Warrants surrendered for issuance by a fraction the numerator of which is the difference between the Fair Market Value per share and the Exercise Price and the denominator of which is the Fair Market Value per share.

  • Payment of such price shall be made at the option of the Warrantholder in cash, by check, through the use of Appreciation Currency (as defined in the Underwriter's Warrant Agreement) or any combination thereof.

  • Payment of such price shall be made at the option of the Warrantholder in cash or by check or through the use of Appreciation Currency (as defined in Section 3(c) of the Representatives' Warrant Agreement).

  • Subject to approval by the Administrator, payment of the Option price by Optionee shall be in the form of cash, personal check, certified check or previously acquired shares of Common Stock of the Company, Appreciation Currency or any combination thereof.


More Definitions of Appreciation Currency

Appreciation Currency means the consideration given by the surrender to the Company of a Warrant (or portion thereof) in an amount equal to the product of (i) the number of Warrant Shares purchasable upon exercise of the Warrant (or portion thereof) surrendered for exercise, and (ii) the excess of the Current Market Price (as defined in section 9) per share of Common Stock over the Warrant Price. For purposes of determining Appreciation Currency, the Warrant Price shall mean the Warrant Price defined in section 7 as adjusted and readjusted as set forth in Section 8.
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Appreciation Currency as defined in the Representatives' Warrant Agreement, or any combination thereof. The Warrants evidenced hereby represent the right to purchase an aggregate of up to 70,000 Shares and are issued under and in accordance with a Representatives' Warrant Agreement, dated as of ___________1995 (the "Representatives' Warrant Agreement"), between the Company and Cruttenden Roth Xxxorporated and Cleaxx Xxxl Reilxxx & XcDexxxx Xxx. and are subject to the terms and provisions contained in the Representatives' Warrant Agreement, to all of which the Warrantholder by acceptance hereof consents. Upon any partial exercise of the Warrants evidenced hereby, there shall be signed and issued to the Warrantholder a new Warrant Certificate in respect of the Shares as to which the Warrants evidenced hereby shall not have been exercised. These Warrants may be exchanged at the office of the Company by surrender of this Warrant Certificate properly endorsed for one or more new Warrants of the same aggregate number of Shares as here evidenced by the Warrant or Warrants exchanged. No fractional securities will be issued upon the exercise of rights to purchase hereunder, but the Company shall pay the cash value of any fraction upon the exercise of one or more Warrants. These Warrants are transferable at the office of the Company in the manner and subject to the limitations set forth in the Representatives' Warrant Agreement. This Warrant Certificate does not entitle any Warrantholder to any of the rights of a shareholder of the Company. JACO ELECTRONICS INC. By_________________________________________ Joel X. Xxxxxx President and Chairman of the Board Dated: __________, 1995 ATTEST: [Seal] ________________________ Secretary JACO ELECTRONICS INC. PURCHASE FORM JACO ELECTRONICS INC. 145 Xxxx Xxxxxx Xxxxxxxxx, Long Island, New York 11788 The undersigned hereby irrevocably elects to exercise the right of purchase represented by the within Warrant Certificate for, and to purchase thereunder, ____________ shares of Common Stock (the "Shares") provided for therein, and requests that certificates for the Shares be issued in the name of: _________________________________________________________________ (Please Print or Type Name, Address and Social Security Number) and, if said number of Shares shall not be all the Shares purchasable hereunder, that a new Warrant Certificate for the balance of the Shares purchasable under the within Warrant Certificate be registered in the name of the undersi...
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Appreciation Currency means: the consideration given by the surrender of Options for Common Stock. The number of shares of Common Stock to which the Optionee shall be entitled in exchange for such Appreciation Currency shall be determined by multiplying the number of shares of Common Stock that would be received if the Options were then exercised for cash, by the fraction, the numerator of which shall be the difference between (i) the Fair Market Value, as that term is used in the Plan, of one share of Common Stock measured at the date of exercise, and (ii) the then exercise price of the Option, and the denominator of which shall be the Fair Market Value (at the same date) of one share of Common Stock. In the event the Options are adjusted so as to become exercisable for securities other than the Company's Common Shares ("Other Securities"), the definition of Appreciation Currency shall apply to the exercise of Options for such Other Securities by substituting in the place of shares of Common Stock, each such Other Security.
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Appreciation Currency means the consideration given by the surrender of Warrants in exchange for Shares. The number of Shares to which the holder shall be entitled upon such surrender of Warrants ("X") shall be determined by applying the following formula: X = N MULTIPLIED BY (($S - $W) DIVIDED BY $S), where "N" is the number of Shares that would be received if the Warrants surrendered were instead exercised for cash, "$S" is the Current Market Price (as defined in section 9 hereof) per share of Common Stock and "$W" is the Warrant Price defined in section 7 as adjusted and readjusted as set forth in Section 8 hereof.
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Appreciation Currency means the consideration given by the surrender of a Warrant for such number of shares of Common Stock as is determined by multiplying the number of Shares with respect to which the Warrant is being exercised by a fraction, the numerator of which shall be the Warrant Price per share of Common Stock and the denominator of which shall be the Current Market Price (as defined in Section 9 hereof) per share of Common Stock. For purposes of determining Appreciation Currency, the Warrant Price shall mean the Warrant Price defined in Section 7 hereof as adjusted and readjusted as set forth in Section 8 hereof.
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Related to Appreciation Currency

  • Termination Currency means United States Dollars.

  • Denomination Currency has the meaning specified in Section 14(b).

  • Obligation Currency shall have the meaning assigned to such term in Section 11.18(a).

  • Fiat Currency means currency issued by the relevant body in a country or by a government that is designated as legal tender in its country of issuance through amongst other things, government decree, regulation, or law;

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • First Currency has the meaning specified in Section 1.15.

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • Settlement Currency means Pounds sterling ("GBP").

  • Other Currency has the meaning specified in Section 1.15.

  • Primary Currency has the meaning specified in Section 9.11(c).

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Party A Currency Amount In respect of each Party A Calculation Period, an amount in Dollars equal to the principal amount outstanding of the Relevant Notes on the first day of such Calculation Period (after taking into account any redemption on such day).

  • Designated Currency shall have the same meaning assigned to it in Section 3.12.

  • Agreed Currency means Dollars or any Alternative Currency, as applicable.

  • Second Currency has the meaning specified in Section 14.19.

  • Approved Currency means each of Dollars and each Alternative Currency.

  • Termination Currency Equivalent means, in respect of any amount denominated in the Termination Currency, such Termination Currency amount and, in respect of any amount denominated in a currency other than the Termination Currency (the "Other Currency"), the amount in the Termination Currency determined by the party making the relevant determination as being required to purchase such amount of such Other Currency as at the relevant Early Termination Date, or, if the relevant Market Quotation or Loss (as the case may be), is determined as of a later date, that later date, with the Termination Currency at the rate equal to the spot exchange rate of the foreign exchange agent (selected as provided below) for the purchase of such Other Currency with the Termination Currency at or about 11:00 a.m. (in the city in which such foreign exchange agent is located) on such date as would be customary for the determination of such a rate for the purchase of such Other Currency for value on the relevant Early Termination Date or that later date. The foreign exchange agent will, if only one party is obliged to make a determination under Section 6(e), be selected in good faith by that party and otherwise will be agreed by the parties.

  • Specified Currency means the currency specified as such hereon or, if none is specified, the currency in which the Notes are denominated.

  • Eligible Currency means any currency other than Dollars (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) that is convertible into Dollars in the international interbank market and (v) as to which a Dollar Equivalent Amount may be readily calculated. If, after the designation by the Revolving Credit Lenders of any currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent Amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Revolving Credit Lenders agree to reinstate such currency as an Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency, subject to the other terms set forth in Article II.

  • National Currency means the currency, other than the Euro, of a Participating Member State.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars, Euros, Pound Sterling, New Zealand Dollars and Australian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.