Examples of Exchange Cap Shares in a sentence
In the event that the Company is prohibited from issuing Common Shares pursuant to this Section 3(d)(ii) (the “Exchange Cap Shares”), the Company shall pay cash in exchange for the cancellation of such Common Shares at a price equal to the sum of (i) the product of (x) such number of Exchange Cap Shares and (y) the Closing Sale Price of the Common Shares on the Trading Day the Holder delivers the applicable Conversion Notice with respect to such Exchange Cap Shares to the Company.
If, due to the Company’s failure to timely obtain any Subsequent Singapore Stockholder Approval, the Company is prohibited from issuing Ordinary Shares (the “Capped Shares”), the Company shall pay cash in exchange for the cancellation of such portion of this Note convertible into such Capped Shares at a price equal to the product of (x) such number of Exchange Cap Shares multiplied by (y) the Closing Sale Price on the day before the date that the Holder became entitled to receipt of such shares hereunder.
In the event that the Company is prohibited from issuing Common Shares pursuant to this Section 4.15(ii) (the “ Exchange Cap Shares”), the Company shall pay cash in exchange for the cancellation of such Common Shares at a price equal to the sum of (i) the product of (x) such number of Exchange Cap Shares and (y) the closing sale price of the Common Shares on the Principal Market on the Trading Day the Holder delivers the applicable Exercise Notice with respect to such Exchange Cap Shares to the Company.
Certified employees who are new to the profession will use the entire rubric for year one, strands I-IV in year two, and strands IV-VII in year three.
In the event that the Company is prohibited from issuing any Common Shares pursuant to this Section 3(d)(ii) (the “Exchange Cap Shares”), the Company shall pay cash in exchange for cancellation of such Common Shares at a price equal to the product of (x) such number of Exchange Cap Shares and (y) the Closing Sale Price on the Trading Day immediately preceding the date such Exchange Cap Shares would otherwise be required to be delivered to the Holder hereunder.