Founders’ Shares means 1,000 shares with a par value of $1 per share, 500 of which were issued to MACRO Securities Depositor, LLC and 500 of which were issued to Claymore Securities, Inc., in exchange for the Initial Deposit.
Dissenters’ Shares has the meaning set forth in Section 4.07.
Transferred Shares means all or any portion of a Member’s Shares that the Member seeks to Transfer.
ASA Shares has the meaning set forth in 2.4(a).
Sold Shares shall have the meaning specified in Section 6.
Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.
Covered Shares means, with respect to the Shareholder, (i) the Existing Shares, together with (ii) any shares of Common Stock or other voting capital stock of the Company and any securities convertible into or exercisable or exchangeable for shares of Common Stock or other voting capital stock of the Company, in each case under this clause (ii) that such Shareholder acquires Beneficial Ownership of on or after the date hereof.
Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.
Newco Shares means the common shares in the capital of Newco;
Company Shares means the common shares in the capital of the Company;
Exchanged Shares has the meaning ascribed thereto in Section 2.1.
Stockholder Shares means the shares of common stock of the Company issued to Stockholder in accordance with the terms and conditions of the Reorganization Agreement, including such shares of common stock of the Company transferred from Stockholder to The Cendant Charitable Foundation, and any securities of the Company issued as a dividend on or other distribution with respect to, or in exchange for or replacement of, such common stock.
Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.
VMTP Shares means Variable Rate MuniFund Term Preferred Shares, $0.00001 par value per share, liquidation preference $100,000 per share plus an amount equal to accumulated but unpaid dividends thereon (whether or not earned or declared), of the Trust. The preferences, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of each series of VMTP Shares are set forth in the VMTP Shares Statement.
Subject Shares means that number of Shares set forth on the Securityholder’s signature page attached to this Agreement, being all of the Shares owned legally or beneficially, either directly or indirectly, by the Securityholder or over which the Securityholder exercises control or direction, either directly or indirectly, and shall further include any Shares issued upon the conversion, exercise or vesting, as applicable, of Convertible Securities or otherwise acquired by the Securityholder after the date hereof.
Acquired Shares has the meaning set forth in the Recitals.
Excess Shares shall have the meaning set forth in Section 3.1(a).
Consideration Shares shall have the meaning set forth in Section 2.7(c).
Purchased Shares has the meaning set forth in Section 2.01.
Other Shares means shares of Common Stock, other than Registrable Securities (as defined below), with respect to which registration rights have been granted.
Stock Election Shares shall have the meaning set forth in Section 3.2.1.
Merger Shares has the meaning set forth in Section 2.2(c).
Payment Shares has the meaning set forth in Section 2.02;
Vested Shares means "Vested Shares" as defined in the Award Agreement.
Owned Shares means all shares of Company Common Stock and any other equity securities of the Company which are beneficially owned by Stockholder as of the date hereof, as set forth on Schedule I.
Unvested Shares means "Unvested Shares" as defined in the Award Agreement.