Excess Common Shares definition

Excess Common Shares means Excess Shares that would, under Paragraph 9.N(v)(a), automatically be exchanged for Common Shares in the event of a transfer of an interest in the Special Trust in which such Excess Shares are held.

Excess Common Shares means Common Shares that are designated as Excess Shares.

Excess Common Shares means, in the event the Investor would, upon receipt of any Placement Underlying Shares issued in accordance with the terms of the Subscription Receipt Agreement, together with its affiliates, own or exercise control or direction (or both) over 10% or more of the Common Shares issued and outstanding immediately following closing of the Acquisition, such number of Common Shares that would result in the Investor and its affiliates having ownership of, or control or direction (or both) over, 10% or more of the outstanding Common Shares;

Examples of Excess Common Shares in a sentence

• The Common Shares and the Excess Common Shares are sometimes referred to herein collectively as the "Common Equity Shares".

• The total number of shares of stock which the Corporation shall have authority to issue is One Hundred Million (100,000,000) ("Shares"), all of which shall be shares of common stock having a par value of $.001 per share ("Common Stock") (or shares of one or more classes of "Excess Common Shares" as provided in Section 7.4 hereof) .

• At the date hereof, the authorized capital stock of Crescent solely consists of 250,000,000 Common Shares, 250,000,000 excess shares issuable in exchange for Common Shares ("Excess Common Shares"), 100,000,000 preferred shares of beneficial interest, par value $.01 per share (the "Preferred Shares"), and 100,000,000 excess shares issuable in exchange for Preferred Shares ("Excess Preferred Shares").

• The percentage of Excess Common Shares each over-subscribing Record Date Common Shareholder may acquire will be rounded down to result in delivery of whole Common Shares.

• The Excess Common Shares shall be added to the Common Shares to be purchased at the Second Closing.

More Definitions of Excess Common Shares

Excess Common Shares means shares of excess stock of the Corporation, par value $0.01 per share, which are issued with respect to Common Stock.

Excess Common Shares has the meaning ascribed thereto in Section 5.8(b).

Excess Common Shares means Excess Shares that would, under Section 6.8(e)(i), automatically be exchanged for Common Shares in the event of a transfer of an interest in the Special Trust in which such Excess Shares are held.

Excess Common Shares means at any time the amount by which (x) the number (subject to Anti-Dilution Adjustments) of shares of Common Stock which Xxxxxx shall then propose to sell or shall have sold since the date hereof in private sales, public sales or otherwise, but excluding any shares acquired upon exercise of Xxxxxx Options, exceeds (y) 5,000,000 (subject to Anti-Dilution Adjustments).

Excess Common Shares shall have the meaning set forth in Section 23.4 hereof.

Excess Common Shares means Excess Shares that would, under Section 6.8(e)(i), automatically be

Excess Common Shares has the meaning ascribed thereto in Section 5.8(b). “Excess Subscription Receipts” has the meaning ascribed thereto in Section 5.8(b).