Daily Share Number definition

Daily Share Number. For any Unwind Date, the number of Designated Shares with respect to which Dealer or its affiliates unwind any portion of Dealer’s Hedge Positions in respect of the relevant Designated Date.
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Daily Share Number. For any Unwind Date, the number of Designated Shares with respect to which Barclays or its affiliates unwind any portion of Barclays’ Hedge Positions in respect of the relevant Designated Date.
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Daily Share Number means, for each Selling Stockholder, (A) for each Sale Date that is a Series C Valuation Day in respect of the Automatic Conversion Pricing Period that commences on the date hereof, the VWAP Conversion Fraction (as defined in the Certificate of Designations, subject to the provisions set out in the paragraph below immediately following the definition of “Calculation Agent”) with respect to such Sale Date as applied to the Number of Preferred Securities for such Selling Stockholder, and (B) for each Sale Date occurring after the last Series C Valuation Day in respect of such Automatic Conversion Pricing Period, a number equal to the quotient obtained by dividing the number of Remaining Shares for such Selling Stockholder by the number of Series C Valuation Days that were not Good Trading Days; provided that Jxxxx Xxxx may elect on behalf of all (but not less than all) of the Selling Stockholders, by telephonic and e-mail notice to CSI prior to 9:00 A.M., New York City time, on any Sale Date, that the sum of the Daily Share Numbers for all Selling Stockholders for such Sale Date shall be a number (which number may, for the avoidance of doubt, be determined by a formula) specified in such notice (a “Selling Stockholder Direction”), in which case the Daily Share Number for each Selling Stockholder for such Sale Date shall be determined proportionally based on the Number of Preferred Securities for each Selling Stockholder; provided further that, in the event of a Selling Stockholder Direction, (i) such aggregate Daily Share Number shall not exceed the greater of the VWAP Conversion Fraction, as applied to all outstanding Preferred Securities, with respect to such Sale Date (determined as if such Sale Date were a Trading Day during a Conversion Pricing Period) and 5,000,000 shares of Common Stock and (ii) the sum of the Daily Share Numbers for all Selling Stockholders for all Sale Dates shall not exceed the aggregate number of shares of Common Stock that Jxxxx Xxxx reasonably believes, in consultation with CSI, that the Selling Stockholders will receive upon conversion of all of the outstanding Preferred Securities.
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More Definitions of Daily Share Number

Daily Share Number means the actual number of shares of Common Stock purchased and paid for by the Holder pursuant to the Purchase Agreement divided by 240 annual Trading Days, being 23,333 shares of Common Stock.
Sample 1
Daily Share Number. For any Unwind Date, the number of Designated Shares with respect to which Barclays or its affiliates unwind any portion of Barclays’ Hedge Positions in respect of the relevant Designated Date. For the avoidance of doubt, in unwinding Barclays’ Hedge Positions in respect of any Designated Shares and determining the Daily Share Number for any Unwind Date in connection with any Net Share Settlement, Barclays or its affiliates, as applicable, will take into account, and, for such purpose, assume receipt or delivery of, a number of Shares equal to the sum of (i) (x) the Aggregate Net Share Number for such Unwind Date minus (y) the Aggregate Net Share Number for the immediately preceding Unwind Date of the same Unwind Period, if any (or zero if there is no such preceding Unwind Date) and (ii) the number of shares corresponding to the Unwind Adjustment Amount applicable to such Unwind Date, if any. Settlement Price: For any Unwind Date, the weighted average price per Share at which Barclays or its affiliates unwind any portion of Barclays’ Hedge Positions on such Unwind Date in respect of the relevant Designated Date. Net Share Settlement: If Net Share Settlement is applicable, then on the relevant Settlement Date:
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Related to Daily Share Number

  • 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.

  • 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.

  • 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.

  • Adjustment Shares shall have the meaning set forth in Section 11(a)(ii) hereof.

  • Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).

  • Warrant Price as used in this Agreement shall mean the price per share at which shares of Common Stock may be purchased at the time a Warrant is exercised. The Company in its sole discretion may lower the Warrant Price at any time prior to the Expiration Date (as defined below) for a period of not less than twenty (20) Business Days, provided, that the Company shall provide at least twenty (20) days prior written notice of such reduction to Registered Holders of the Warrants and, provided further that any such reduction shall be identical among all of the Warrants.

  • Exchange Price means as of any date, $1,000, divided by the Exchange Rate as of such date.

  • Conversion Ratio means the ratio (expressed as the number of Shares to which one Warrant relates) specified by the Issuer, subject to adjustments in accordance with these Conditions.

  • Charge Number means the CCS signaling parameter that refers to the number transmitted through the network identifying the billing number of the calling Party.

  • Conversion Price shall have the meaning set forth in Section 4(b).

  • Conversion Value means, with respect to Convertible Capital Appreciation Bonds, the Accreted Value as of the Conversion Date.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Conversion Rate shall have the meaning specified in Section 14.01(a).

  • Daily Conversion Value means, for each of the 40 consecutive Trading Days during the relevant Observation Period, 2.5% of the product of (a) the Conversion Rate on such Trading Day and (b) the Daily VWAP on such Trading Day.

  • Dilutive Issuance shall have the meaning set forth in Section 5(b).