Exercise Ratio definition

Exercise Ratio means, initially, at the rate of 0.307212 Class A Ordinary Share for each Warrant, as adjusted from time to time in the circumstances and in the manner referred to in clause 7;
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Exercise Ratio means the number of Structured Warrants to which one (1) Underlying Share relates, subject to any adjustment as may be necessary in accordance with the adjustment conditions set out in Condition 5- Adjustments below and as specified in the relevant Term Sheet.
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Exercise Ratio shall be four tenths (4/10), half (1/2), one (1), two (2) or three (3) Ordinary Shares per each Right, as may be determined by the Company's Board of Directors , regardless of a different ratio stated in any other document (including in a Right Certificate). If the Board of Directors resolves that the Exercise Ration shall be set at four tenths (4/10), or half (1/2) Ordinary Share per each Right, the Board of Directors shall take such actions to handle a situation where shareholders hold fraction of Ordinary Share.
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Examples of Exercise Ratio in a sentence

  • On any such adjustment, the resultant Exercise Ratio and/or Exercise Price shall be rounded to the nearest four (4) decimal points of the Relevant Currency and all such adjustment made by the Issuer pursuant to this Condition shall be deemed as final and conclusive save for any manifest error.

  • The Company may consider the adjustment of the Exercise Price along with the issuance of new Warrants instead of adjustment of the Exercise Ratio.

  • In a case that the Exercise Ratio must be adjusted under the conditions of the rights adjustment and there are fractions of the ordinary shares from the exercise of Warrants, fractions shall be disregarded.

  • Where an adjustment to the Exercise Price and/or the Exercise Ratio would result in a fraction of a share, the Company shall not take the fraction into account and shall return any resulting overpayment to the Warrant Holders via registered mail within 14 days from the relevant Exercise Date, with no interest.

  • Any subsequent adjustments will be carried out on the basis of such newly calculated and rounded Warrant Exercise Ratio.

  • The Company shall then issue ordinary shares in a whole amount, which will not be more than the number of Warrants exercised multiplied by the Exercise Ratio.

  • For the Exercise Ratio, the new ratio is still calculated based on the method specified in Clause 6.1 – Clause 6.6.

  • The change of the Exercise Price and the Exercise Ratio shall be effective immediately from the first date that the buyer of ordinary shares shall not have rights to receive cash dividend (the first date that post XD sign).

  • In case there is any events that result in the Warrants Holders loss their rights or benefits and such event is not mentioned in (a) to (e), the Company shall fairly consider to adjust the Exercise Price and/or the Exercise Ratio (or adjust the number of Warrants instead of the Exercise Ratio) and such adjustment shall not lessen rights of the Warrants Holders.

  • There are no representations, agreements, arrangements, or understanding, either written or oral, between or among the parties with respect to the subject matter hereof which are not set forth in this Award Agreement.


More Definitions of Exercise Ratio

Exercise Ratio has the meaning assigned to such term in Section 6.01.
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Exercise Ratio shall be initially one (1) Ordinary Shares per each Right, provided that when the authorized share capital of the Company is at least NIS 20,000,000, it shall, automatically and without any further action by the Company, be equal to three (3) Ordinary Shares per each Right, regardless of a different ratio stated in any other document (including in a Right Certificate).
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Exercise Ratio. : means the exercise ratio used to determine the number of Conversion Shares assigned when each Warrant is exercised.
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Exercise Ratio means the number of Structured Warrants to which one (1) basket of Underlying Shares relate, subject to any adjustment as may be necessary in accordance with the adjustment conditions set out in Condition 5 – Adjustments below and as specified in the relevant Term Sheets.
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Exercise Ratio has the meaning given in the introduction;
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Exercise Ratio has the meaning ascribed to it in Clause 3.2 (Exercise ratio);
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Related to Exercise Ratio

  • Leverage Ratio means, on any date, the ratio of Total Debt on such date to Consolidated EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date.

  • Net Total Leverage Ratio means on any date, the ratio of (A) (i) the sum of, without duplication, (x) the aggregate principal amount of any Consolidated Debt consisting of Loan Obligations outstanding as of the last day of the Test Period most recently ended as of such date and (y) the aggregate principal amount of any other Consolidated Debt of the Borrower and its Subsidiaries as of the last day of such Test Period less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • 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.

  • Total Leverage Ratio means, on any date, the ratio of (a) Consolidated Total Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Indebtedness net of Unrestricted Cash as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Indebtedness for Borrowed Money of the Borrower and its Subsidiaries on a consolidated basis as of such date to (b) Consolidated EBITDA for the most recently completed four fiscal quarters.

  • Consolidated Secured Leverage Ratio means, as of any date of determination the ratio of (a) Consolidated Secured Indebtedness to (b) the aggregate amount of EBITDA for the Issuer’s most recently ended four full fiscal quarters for which internal financial statements are available, in each case with such pro forma adjustments to Consolidated Secured Indebtedness and EBITDA as are consistent with the pro forma adjustment provisions set forth in the definition of “Consolidated Coverage Ratio”.

  • Interest Coverage Ratio means, as of any date, the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for the Test Period as of such date.