Exercise Percentage definition

Exercise Percentage shall have the meaning set forth in the preamble.

Exercise Percentage has the meaning set forth in Section 4.3.

Exercise Percentage means, with respect to a Notice of Physical Settlement, a percentage equal to the original face amount of the Deliverable Obligations specified in such Notice of Physical Settlement divided by an amount equal to (i) the Initial Face Amount minus (ii) the aggregate of the original face amount of all Deliverable Obligations specified in all previously delivered Notices of Physical Settlement.

Examples of Exercise Percentage in a sentence

• If a Warrant shall have been exercised in part, the Company shall deliver to the Holder of such Warrant a new certificate evidencing the right of such Holder to purchase shares of Common Stock representing the portion of the Exercise Percentage as to which the Warrant has not theretofore been exercised.

• Each Warrant Certificate shall evidence a Warrant representing the right, subject to the provisions contained herein and therein, to purchase from the Company Warrant Shares equal to the Exercise Amount calculated using the Exercise Percentage specified on such Warrant Certificate.

• According to the Guideline, investment projects are classified into three categories “A”, “B” or “C”, according to the relevance of their potentially adverse environmental and social impacts and risks.

• The Warrant(s) may be exercised in whole or in part as to any permitted Exercise Percentage.

• From and after the occurrence of an Acceleration Event, the Exercise Percentage shall be deemed to equal 100% for each date listed in the Vesting Table.

More Definitions of Exercise Percentage

Exercise Percentage means 0.007 % of the total number of shares of Common Stock specified in any Issuance Notice or Cancellation Notice (each as hereinafter defined).

Exercise Percentage means, with respect to a Warrant, the percentage of the total outstanding Common Stock on a fully diluted basis immediately following such exercise for which that Warrant is exercisable.

Exercise Percentage means, with respect to any exercise of Warrants on a Date of Exercise, an amount equal to the percentage of the Grant Percentage being exercised on such Date of Exercise; provided that each Exercise Percentage shall not be less than ten percent (10%); and provided further that no Exercise Percentage, taken together with all prior Exercise Percentages, shall exceed one hundred percent (100%).

Exercise Percentage means the percentage of the Option Amount with respect to which the Option is exercisable based upon the achievement of the Earn-Up Targets as determined in accordance with the following: Percentage of Option Amount Earn-Up Target then Exercisable -------------- ---------------- Initial Earn-Up Target 28.6% Second Earn-Up Target 42.9% Third Earn-Up Target 57.1% Fourth Earn-Up Target 78.6% Final Earn-Up Target 100%

Exercise Percentage shall initially have the meaning set forth below during each of the periods set forth below. In the event that the Corporation fails to obtain the Stockholder Approvals contemplated by Section 4(l) of the Securities Purchase Agreement on or before July 31, 1998, the Exercise Percentage in effect during each of the periods set forth below shall be permanently reduced by ten percent (10%). The Exercise Percentage also shall be subject to adjustment as provided herein. If the Exercise Date is: Then the Exercise Percentage is: Prior to the 91st day following the First Closing Date 100% On or after the 91st day following the First Closing Date and before the 151st day following the First Closing Date 85% On or after the 151st day following the First Closing Date and before the 211th day following the First Closing Date 75% On or after the 211th day following the First Closing Date 65%

Exercise Percentage means, with respect to a Notice of Cash Settlement, a percentage equal to portion of the Original Principal Amount to which Cash Settlement shall apply in connection with such Notice of Cash Settlement

Exercise Percentage shall initially equal seventy percent (70%) and shall be reduced by one percent (1%) for each sixty (60) day period which elapses following the Closing Date (as defined in the Securities Purchase Agreement) (e.g., on or after the 61st day following the Closing Date and prior to the 121st day following the Closing Date, the Exercise Percentage shall equal sixty-nine percent (69%)). The Exercise Percentage shall be subject to further adjustment as provided herein.