Dilution Notice definition
Examples of Dilution Notice in a sentence
If a further Dilution Notice is given by another Joint Venturer, the Manager must, within 14 days of further Dilution Notice being given, call a meeting of the Management Committee to revise the Approved Programme and Budget.
On request by a Joint Venturer, the Diluting Joint Venturer must, at its cost and expense, transfer to the other Joint Venturers sufficient numbers of shares in the Tenements so that their respective Joint Venture Interests correspond with the registered shares in the Tenements after giving effect to the Dilution Notice.
Upon an Approved Programme and Budget being revised or confirmed at a meeting of the Management Committee, a Diluting Joint Venturer may within 14 days of that meeting give notice to the Manager and the other Joint Venturers withdrawing any prior Dilution Notice and thus electing to make the relevant contribution.
Each Dilution Notice shall specify the number of shares of Common Stock outstanding on the relevant Dilution Reference Date, the number of shares of Common Stock issued by the Company since the previous Dilution Reference Date (or, in the case of the first Dilution Notice, since September 18, 2001) and, in the case of an Exceptional Stock Issuance Date, a description of the transaction which gave rise to such Exceptional Stock Issuance Date.
If the Failing Member has not made, within ten (10) days of the delivery to it of the Dilution Notice, an additional Capital Contribution to the Company in an amount equal to the Default Amount, then the Non-Failing Members may make an additional Capital Contribution to the Company in an amount not in excess of the Default Amount.
Pursuant to a the Dilution Notice the dilution of the Defaulting Shareholder's shareholdings in the Company shall be first based upon the Capital Dilution described below in Section 7.5.1 and followed, if so requested by the Contributing Shareholder under the Dilution Notice by the Market dilution described in Section 7.5.2.
Within thirty (30) days of Dilution Notice, the Company shall issue an amount of Shares to the Contributing Shareholders that will increase the percentage Shareholdings of the Contributing Shareholders to the Adjusted Shareholding Percentage.
The Dilution Notice shall also specify the number of Further Securities to be issued to each of the Pre-emption Holders in the inter-se proportion of the Securities held by the Pre-emption Holders on a Fully Diluted Basis (“Entitlement”).
For purposes of determining the voting tights of the Members, such adjustment shall be effective as of the date of the Dilution Notice; for purposes of allocating income and loss, such adjustment shall be effective as of the first day of the month immediately following the date of the Dilution Notice.
In the event that, upon conversion of the Debentures, the Company would be required to issue in excess of the Maximum Number of Common Shares (a "Dilution Event"), the Company shall provide notice of such event to the registered holder of this Debenture (a "Dilution Notice").