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.

Exercise Ratio has the meaning given in the introduction;

Examples of Exercise Ratio in a sentence

• The Company shall calculate and transmit to the Warrant Agent, and the Warrant Agent shall have no obligation under this section to calculate, the Cashless Exercise Ratio.

• Upon surrender of a Warrant Certificate representing more than one Warrant in connection with the holder's option to elect a Cashless Exercise, the number of shares of Common Stock deliverable upon a Cashless Exercise shall be equal to the number of shares of Common Stock issuable upon the exercise of Warrants that the Holder specifies are to be exercised pursuant to a Cashless Exercise multiplied by the Cashless Exercise Ratio.

• Possible subsequent adjustments will be effected based on the preceding Exercise Ratio as so calculated and rounded.

• Cashless Exercise Ratio means a fraction, (i) the numerator of which is the excess of the Fair Market Value (as defined below) per Warrant Share on the date of exercise over the Exercise Price per Warrant Share as of the date of exercise and (ii) the denominator of which is the Fair Market Value (as defined below) per Warrant Share on the date of exercise.

• For purposes of this Warrant, the "Cashless Exercise Ratio" shall equal a fraction, the numerator of which is the excess of the Current Market Value per share of the Common Stock on the date of exercise over the Exercise Price per share as of the date of exercise and the denominator of which is the Current Market Value per share of the Common Stock on the date of exercise.

More Definitions of Exercise Ratio

Exercise Ratio shall be 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 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.

Exercise Ratio has the meaning assigned to such term in Section 6.01.

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).

Exercise Ratio has the meaning ascribed to it in Clause 3.2 (Exercise ratio);

Exercise Ratio. : means the exercise ratio used to determine the number of Conversion Shares assigned when each Warrant is exercised.

Exercise Ratio means the ratio between (i) the number of Warrant Shares to which one Warrant give the right to subscribe and (ii)

Exercise Ratio means the Initial PFW Exercise Ratio (as defined in the terms and conditions of the BS Warrants) in effect on the Issue Date as adjusted from time to time pursuant to Condition 5 (or, as the case may be, Condition 10);