First Tranche Shares definition

First Tranche Shares means the [ ] shares subscribed by the Investors pursuant to clause 3.1 [and shall include the Additional Shares if applicable]] [Note: to be used if more than one tranche];

First Tranche Shares shall have the meaning set forth in Section 2.1.

First Tranche Shares has the meaning set forth in the Recitals.

Examples of First Tranche Shares in a sentence

• Provided that all closing conditions for the First Tranche Closing (as defined in the Equity Agreements) that are within the reasonable control of Intrexon have been satisfied or waived, the issuance of the First Tranche Shares (as defined in the Equity Agreements) is a condition subsequent to the effectiveness of this Agreement.

• Intrexon acknowledges that the First Tranche Shares, Second Tranche Shares and Upfront Purchase Shares are restricted securities and must be held indefinitely unless subsequently registered under the Securities Act or the Company receives an opinion of counsel reasonably satisfactory to the Company that such registration is not required.

• Notwithstanding anything to the contrary in this Section 3.2(b), if a Registration Delay Event occurs or is continuing within the 20 trading days prior to the First Tranche Sell Down Date, and, as a result, the Shareholder Parties are prevented from either registering or divesting the First Tranche Shares during such 20 trading day period, the First Tranche Sell Down Date shall automatically be extended by a number of days equal to the number of days during which such prevention persists.

• Any preferred stock or warrants of the 12% Senior Notes Issuer issued to Purchaser shall have rights and terms that are equivalent to the rights and terms of the First Tranche Shares and Second Tranche Shares and the Warrants, respectively.

• The Company shall apply the proceeds of the subscription by the Investors for the [New Shares] [First Tranche Shares and Second Trance Shares] [Note: amend as appropriate] in the furtherance of the Business in accordance with the Business Plan and the Budget.

More Definitions of First Tranche Shares

First Tranche Shares means 1,215,163 Shares representing 75.1% of the paid up share capital of the Company.

First Tranche Shares has the meaning given in paragraph 2.2;

First Tranche Shares means the Shares subscribed for by Royal Gold in accordance with the First Tranche Subscription Agreement;

First Tranche Shares means 409,091 shares of Common Stock, subject to applicable adjustment hereunder.

First Tranche Shares shall be held in escrow until the first anniversary of the Company’s initial business combination and a portion of such First Tranche Shares, as set forth on Exhibit A under the heading “First Tranche Forfeiture Shares” shall be subject to forfeiture by each such Buyer to the extent the underwriters’ over-allotment option (as described in the Company’s registration statement on Form S-1, as amended (File Number 333-168949) (the “Registration Statement”), under the Securities Act of 1933, as amended (the “Act”), relating to an underwritten public offering by the Company (the “Offering”)) is not exercised in full. In addition, that number of Shares set forth on Exhibit A under the heading “Second Tranche Shares” shall be held in escrow and forfeited on the fifth anniversary of the Company’s initial business combination unless, prior to such time, either (x) the last sales price of the Company’s Common Stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period or (ii) a transaction is consummated following the Company’s initial business combination in which all stockholders have the right to exchange their Common Stock for cash consideration which equals or exceeds $18.00 per share (as described in the Registration Statement). A portion of such Second Tranche Shares, as set forth on Exhibit A under the heading “Second Tranche Forfeiture Shares” shall be subject to forfeiture by each such Buyer to the extent the underwriters’ over-allotment option is not exercised in full (as described in the Registration Statement). The Buyers have paid to the Sellers $0.0173913 per Share in consideration of the assignment of the Shares, which equals an aggregate amount of Seven Hundred and Eighty Seven Dollars and Fifty One Cents ($787.51) (the “Purchase Price”).

First Tranche Shares has the meaning given to it in clause 3.3(a);

First Tranche Shares means 7,933 Shares.