Daily Number of Shares definition

Daily Number of Shares. For any Valuation Date occurring prior to the Maturity Date, the number of Shares specified by Dealer in the related Settlement Notice (as defined below under “Valuation Dates”), which shall not exceed the Number of Shares on such Valuation Date, and for the Valuation Date occurring on the Maturity Date, if any, the Number of Shares on such Valuation Date. Maturity Date: November 15, 2025 (or, if such date is not a Scheduled Trading Day, the next following Scheduled Trading Day). Forward Price: USD 27.58 Prepayment: Applicable Prepayment Amount: USD 55,000,000.00 Prepayment Date: The Effective Date, so long as no cancellation of the Transaction has occurred as provided in Section 7(c) “Early Unwind.” Exchange: The NASDAQ Global Select Market Related Exchange(s): All Exchanges; provided that Section 1.26 of the Equity Definitions shall be amended to add the words “United States” before the word “exchange” in the tenth line of such section.
Sample 1
Daily Number of Shares. For any Valuation Date occurring prior to the Maturity Date, the number of Shares specified by Dealer in the related Settlement Notice (as defined below under “Valuation Dates”), which shall not exceed the Number of Shares on such Valuation Date, and for the Valuation Date occurring on the Maturity Date, if any, the Number of Shares on such Valuation Date. Maturity Date: June 1, 2020 (or, if such date is not a Scheduled Trading Day, the next following Scheduled Trading Day). Forward Price: $45.01 Prepayment: Applicable Prepayment Amount: $70,000,002.10 Prepayment Date: The Effective Date, so long as no cancellation of the Transaction has occurred as provided in Section 7(c) “Early Unwind.” Exchange: The NASDAQ Global Select Market Related Exchange(s): All Exchanges; provided that Section 1.26 of the Equity Definitions shall be amended to add the words “United States” before the word “exchange” in the tenth line of such section. Calculation Agent: Dealer; provided that following the occurrence and during the continuance of an Event of Default of the type described in Section 5(a)(vii) of the Master Agreement with respect to which Dealer is the sole Defaulting Party, if the Calculation Agent fails to timely make any calculation, adjustment or determination required to be made by the Calculation Agent hereunder or to perform any obligation of the Calculation Agent hereunder and such failure continues for five Exchange Business Days following notice to the Calculation Agent by Counterparty of such failure, Counterparty shall have the right to designate a nationally recognized third-party dealer in over-the-counter corporate equity derivatives to act, during the period commencing on the first date the Calculation Agent fails to timely make such calculation, adjustment or determination or to perform such obligation, as the case may be, and ending on the earlier of the Early Termination Date with respect to such Event of Default and the date on which such Event of Default is no longer continuing, as the Calculation Agent. All calculations and determinations by the Calculation Agent shall be made in good faith and in a commercially reasonable manner. Following any calculation by the Calculation Agent hereunder, upon written request by Counterparty, the Calculation Agent will provide to Counterparty by email to the email address provided by Counterparty in such written request a report (in a commonly used file format for the storage and manipulation of financial da...
Sample 1
Daily Number of Shares. For any Settlement Date occurring prior to the first day of the Settlement Period, the number of Shares specified by Dealer in the related Settlement Notice (as defined below under “Settlement Dates”) and (b) for each Settlement Date occurring on or after the first day of the Settlement Period, the Number of Shares as of the first day of the Settlement Period divided by 20, rounded down to the nearest whole number (with any reduction in the Daily Number of Shares due to rounding being allocated to the final Settlement Date); provided that (i) if a Market Disruption Event occurs on any Exchange Business Day in the Settlement Reference Period, the Calculation Agent may determine that such Exchange Business Day is a Disrupted Day only in part, in which case the Calculation Agent will reduce the Daily Number of Shares for the related Settlement Date and shall designate one or more Settlement Dates at the end of the Settlement Period as the Settlement Date(s) for the remaining Daily Number of Shares, (ii) Dealer may increase the Daily Number of Shares on any Settlement Date during the Settlement Period by delivery of a Settlement Notice specifying the additional Daily Number of Shares for such Settlement Date to Counterparty, in which case the Daily Number of Shares for each remaining Settlement Date shall be reduced on a pro rata basis and (iii) the aggregate of the Daily Number of Shares for all Settlement Dates shall equal the initial Number of Shares; and provided further that, if the final Settlement Date has not occurred pursuant to the preceding proviso as of the Final Disruption Date, then, subject to Section 4(e) hereof, the Final Disruption Date shall be considered the final Settlement Date. “Final Disruption Date” means April 30, 2019.
Sample 1

Examples of Daily Number of Shares in a sentence

  • In lieu of Section 9.2(a)(iii) of the Equity Definitions, Dealer will deliver to Counterparty the Daily Number of Shares for the related Valuation Date on the relevant Settlement Date.

  • In lieu of Section 9.2(a)(iii) of the Equity Definitions, Dealer will deliver to Counterparty the Daily Number of Shares for each Valuation Date on the related Settlement Date.

  • Any Clearance System Business Day designated by Dealer as a Settlement Date following the Effective Date in a written notice (a “Settlement Notice”) that is delivered to Counterparty, specifying the Daily Number of Shares for such Settlement Date and (b) each Clearance System Business Day that is one Settlement Cycle following each Exchange Business Day in the Settlement Reference Period that is not a Disrupted Day in full (clause (b), the “Settlement Period”).

  • For the avoidance of doubt, the aggregate of the Daily Number of Shares for all Valuation Dates shall equal the initial Number of Shares; and provided further that, if the final Settlement Date has not occurred pursuant to the preceding proviso as of the Final Disruption Date, then Dealer shall have the right to elect that the Final Disruption Date shall be considered the final Settlement Date.

  • Without limiting the foregoing, Counterparty shall not designate a Daily Number of Shares for any Valuation Date in excess of the Number of Shares it would be permitted to purchase on such date pursuant to the safe harbor in Rule 10b-18(b) (taking into account any other purchases by Counterparty or its "affiliated purchasers" (as defined in Rule 10b-18) on such day).

  • On each Settlement Date, the Number of Shares shall be reduced by the Daily Number of Shares for such Settlement Date.

  • In lieu of Section 9.2(a)(iii) of the Equity Definitions, JPMorgan will deliver to Counterparty the Daily Number of Shares for the related Valuation Date on the relevant Settlement Date.

  • The absorbed gases with Infrared can be detected by sensitive microphones.The accuracy is only 0.5 ppm or 1ppb.

  • Notwithstanding the foregoing, (i) the aggregate of the Daily Number of Shares for all valuation Dates shall not exceed the Number of Shares and (ii) the Daily Number of Shares for the Final Valuation Date shall equal the Number of Shares minus the aggregate of the Daily Number of Shares for all prior Valuation Dates.

  • For any Valuation Date in a Plan Period, the Daily Number of Shares shall be 300,000.


More Definitions of Daily Number of Shares

Daily Number of Shares. For any Valuation Date occurring prior to the Maturity Date, the number of Shares specified by JPMorgan in the related Settlement Notice (as defined below under “Valuation Dates”), which shall not exceed the Number of Shares on such Valuation Date, and for the Valuation Date occurring on the Maturity Date, if any, the Number of Shares on such Valuation Date. Maturity Date: April 15, 2022 (or, if such date is not a Scheduled Trading Day, the next following Scheduled Trading Day). Forward Price: $8.51 Prepayment: Applicable Prepayment Amount: $77,999,996.37 Prepayment Date: The Effective Date, so long as no cancellation of the Transaction has occurred as provided in Section 7(c) “Early Unwind.” Exchange: The NASDAQ Global Select Market Related Exchange(s): All Exchanges Calculation Agent: JPMorgan. Upon receipt of written request from Counterparty, the Calculation Agent shall promptly provide Counterparty with a written explanation describing in reasonable detail any calculation, adjustment or determination made by it (including any quotations, market data or information from internal or external sources used in making such calculation, adjustment or determination, as the case may be, but without disclosing JPMorgan’s confidential or proprietary models or other information that may be proprietary or subject to contractual, legal or regulatory obligations to not disclose such information) and shall use commercially reasonable efforts to provide such written explanation within five (5) Exchange Business Days from the receipt of such request. Whenever the Calculation Agent is required or permitted to exercise discretion in any way, it will do so in good faith and in a commercially reasonable manner.
Sample 1
Daily Number of Shares. Initially, with respect to each Settlement Date, the Number of Shares divided by 25, provided that if the Settlement Period is extended in the case of an Illiquidity Event, then the Daily Number of Shares with respect to each remaining Settlement Date shall be equal to the quotient obtained by dividing (a) the Number of Shares minus the sum of the Daily Number of Shares for each Settlement Date relating to a previously occurring Exchange Business Day in the Settlement Period by (b) the number of Exchange Business Days remaining in the Settlement Period. Exchange: New York Stock Exchange Prepayment: Applicable Prepayment Amount: USD 69,808,000 Prepayment Date: Five (5) Exchange Business Days following the Trade Date. Variable Obligation: Inapplicable Settlement Terms: Physical Settlement: Applicable; provided that in lieu of amounts otherwise deliverable or payable under Section 9.2(a)(iii) of the Equity Definitions, Bear Stearns will delivery to Company the Daxxx Xxxber of Shares on each Settlement Date.
Sample 1
Daily Number of Shares means the number of Shares sold by the Underwriters on each day of the Note Valuation Period, as notified by the Representative to the Company.
Sample 1
Daily Number of Shares. For any Valuation Date, the number of Shares specified by Counterparty by notice to CSNY no later than 8:00 a.m., New York City time, on such date, provided that if Counterparty does not timely provide such notice for any Valuation Date, the Daily Number of Shares for that date shall be 175,000. Notwithstanding the foregoing, (i) the aggregate of the Daily Number of Shares for all valuation Dates shall not exceed the Number of Shares and (ii) the Daily Number of Shares for the Final Valuation Date shall equal the Number of Shares minus the aggregate of the Daily Number of Shares for all prior Valuation Dates. Valuation Date: Any Scheduled Trading Day in the Price Adjustment Period or the Cash Settlement Pricing Period, as the case may be, that is not a Valuation Disruption Day. Final Valuation Date: The final day of the Price Adjustment Period Valuation Disruption Day: A Scheduled Trading Day designated as such pursuant to the provisions of Market Disruption Event.
Sample 1
Daily Number of Shares. For any Valuation Date occurring prior to the Maturity Date, the number of Shares specified by Dealer in the related Settlement Notice (as defined below under “Valuation Dates”), which shall not exceed the Number of Shares on such Valuation Date, and for the Valuation Date occurring on the Maturity Date, if any, the Number of Shares on such Valuation Date.
Sample 1

Related to Daily Number of Shares

  • Number of Shares means a number of shares calculated as follows: Par / Geared Put Strike LPU rounded down to the nearest round lot as permitted by the Exchange for trading purposes, and the remaining fractional share amount (being the “Residual Amount”) shall be paid in USD as the Cash Residual; and

  • Maximum Number of Shares is defined in Section 2.1.4.

  • Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.

  • Warrant Share Number means at any time the aggregate number of shares of Warrant Stock which may at such time be purchased upon exercise of this Warrant, after giving effect to all prior adjustments and increases to such number made or required to be made under the terms hereof.

  • Number of Warrants means, for a Warrant Certificate, the “Number of Warrants” specified on the face of such Warrant Certificate (or, in the case of a Global Warrant, on Schedule A to such Warrant Certificate), subject to adjustment pursuant to Article 5.

  • Number of Options For each Component, as provided in Annex A to this Confirmation.6 Option Entitlement: One Share Per Option Strike Price: USD [_____] Cap Price: USD [_____]; provided that in no event shall the Cap Price be reduced to an amount less than the Strike Price in connection with any adjustment by the Calculation Agent under this Confirmation.

  • Total Shares means (without double-counting), as of a particular date of determination, the algebraic sum of: (A) the Initial Shares, plus (B) the Additional Shares, minus (C) all Buyback Shares repurchased or redeemed between the Effective Date and such date of determination.

  • Total Exercise Price shall have the meaning set forth in Section 4(a) hereof.

  • Maximum Share Amount shall have the meaning set forth in Section 2.01(c).

  • Fully Diluted Share Number means the aggregate sum of: (i) the number of shares of Company Common Stock issued and outstanding immediately prior to the Effective Time; (ii) the number of shares of Company Common Stock issuable upon the voluntary conversion of all of the shares of Company Preferred Stock issued and outstanding immediately prior to the Effective Time into Company Common Stock and (iii) the number of shares of Company Common Stock issuable upon exercise of all Stock Options.

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • VWAP means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported on the Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the holders of a majority in interest of the Warrants then outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.

  • Daily Share Amount means, with respect to any VWAP Trading Day, the quotient obtained by dividing (A) the excess, if any, of the Daily Conversion Value for such VWAP Trading Day over the applicable Daily Maximum Cash Amount by (B) the Daily VWAP for such VWAP Trading Day. For the avoidance of doubt, the Daily Share Amount will be zero for such VWAP Trading Day if such Daily Conversion Value does not exceed such Daily Maximum Cash Amount.

  • Specified Number means the number of Public Sources specified in the applicable Final Terms (or, if a number is not so specified, two).

  • Exercise Price Per Share hereinafter “Exercise Price” means the exercise price with respect to all Shares acquired pursuant to each exercise of the Option).

  • Initial Warrant Exercise Date means __________, 1997.

  • Applicable Stock Price means, in respect of a Conversion Date, the average of the Closing Sale Prices per share of Common Stock over the five-Trading Day period starting the third Trading Day following such Conversion Date.

  • Warrant Exercise Price means $0.05 per share.

  • Applicable Share Limit means a number of Shares equal to (A) the minimum number of Shares that could give rise to reporting or registration obligations or other requirements (including obtaining prior approval from any person or entity) of a Dealer Person, or could result in an adverse effect on a Dealer Person, under any Applicable Restriction, as determined by Dealer in its reasonable discretion, minus (B) 1% of the number of Shares outstanding.

  • Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date. Unless and until the Current Warrant Price is adjusted pursuant to the terms herein, the initial Current Warrant Price shall be $2.36 per share of Common Stock.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Ordinary Shares Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Ordinary Shares.

  • Additional Shares shall have the meaning specified in Section 14.03(a).

  • Per Share Amount has the meaning set forth in Section 3.01(c).

  • Fully Adjusted Regular Purchase Share Limit means, with respect to any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction from and after the date of this Agreement, the Regular Purchase Share Limit (as defined in Section 2(a) hereof) in effect on the applicable date of determination, after giving effect to the full proportionate adjustment thereto made pursuant to Section 2(a) hereof for or in respect of such reorganization, recapitalization, non-cash dividend, stock split or other similar transaction.

  • Share Dilution Amount means the increase in the number of diluted shares outstanding (determined in accordance with GAAP applied on a consistent basis, and as measured from the date of the Issuer’s most recent consolidated financial statements prior to the Signing Date) resulting from the grant, vesting or exercise of equity-based compensation to employees and equitably adjusted for any stock split, stock dividend, reverse stock split, reclassification or similar transaction.