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 3.01(c).
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 all securities of the Company registered in the name of, or Beneficially Owned by the Stockholder Parties, including any and all securities of the Company acquired and held in such capacity subsequent to the date hereof.
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.
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 has the meaning ascribed thereto in Section 2.2.
Purchased Shares has the meaning set forth in Section 2.01.
Other Shares means at any time those shares of Common Stock which do not constitute Primary Shares or Registrable Shares.
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 which are beneficially owned by Shareholder or any of its controlled Affiliates as of the date hereof.
Unvested Shares means "Unvested Shares" as defined in the Award Agreement.
Option Shares shall have the meaning ascribed to such term in Section 2.2(a).