Forced Exercise Price definition

Forced Exercise Price means the lower of (i) the Exercise Price in effect as of the Forced Exercise Date and (ii) the greater of (x) the Floor Price and (y) 85% of the Market Price as of the Trading Day ended immediately prior to the Forced Exercise Eligibility Date.
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Forced Exercise Price means, as of any date, the lesser of (i) $2.20 and (ii) two hundred percent (200%) of the Exercise Price in effect as of such date (provided that the Forced Exercise Price shall be appropriately adjusted for any stock dividend, stock split, reverse stock split or other similar transaction). Notwithstanding the foregoing, in no event shall the Company be permitted to effect a Forced Exercise to the extent that, upon receipt of the shares of Common Stock deliverable thereby, the Holder would beneficially own more than 4.99% of the number of shares of Common Stock then outstanding.
Sample 1

Examples of Forced Exercise Price in a sentence

  • For purposes of this Warrant, " Exercise Price" means $8.52 (or, with respect to any Forced Exercise (as defined below), the Forced Exercise Price), subject to adjustment as provided herein.

  • The principal and accrued interests and any fees payable under the Debenture Offering are exchangeable for Shares (the “Debenture Shares”) by means of each Exchange Warrant at the Exchange Warrant Exercise Price, or US$5.14 (the “Forced Exercise Price”) if the VWAP of the common shares of the Issuer equals or exceeds the Forced Exercise Price for 20 consecutive trading days (the “Forced Exercise”).

  • However, at any time after closing, the Funds shall have the right to exchange the principal amount of the outstanding Debentures plus all accrued and unpaid interest and fees for Shares of the Issuer, at the Exchange Warrant Exercise Price and, in the event of a Forced Exercise, at the Forced Exercise Price.

Related to Forced Exercise Price

  • Exercise Price means the initial exercise price or the adjusted exercise price, depending on the context.

  • Warrant Exercise Price means $0.01 per share.

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • Total Exercise Price shall have the meaning set forth in Section 4(a) hereof.

  • SAR Exercise Price means the per share exercise price of a SAR granted to a Grantee under Section 9 hereof.

  • Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.

  • Aggregate Exercise Price means, in connection with the exercise of this Warrant at any time, an amount equal to the product obtained by multiplying (i) the Exercise Price times (ii) the number of shares of Common Stock for which this Warrant is being exercised at such time.

  • Exercise Price Per Share ; hereinafter "Exercise Price" means the exercise price with respect to all Shares acquired pursuant to each exercise of the Option).

  • Aggregate Option Exercise Price means an amount equal to the aggregate dollar amount of the exercise price on all Company Options outstanding immediately prior to the Effective Time.

  • Grant Price means the price established at the time of grant of a SAR pursuant to Article 7, used to determine whether there is any payment due upon exercise of the SAR.

  • SAR Price means the exercise price or conversion price of each share of Common Stock covered by a SAR, determined on the Date of Grant of the SAR.

  • Strike Price means, except as otherwise provided by the Committee in the case of Substitute Awards, (i) in the case of a SAR granted in tandem with an Option, the Exercise Price of the related Option, or (ii) in the case of a SAR granted independent of an Option, the Fair Market Value on the Date of Grant.

  • Option Price means the price at which a Share may be purchased by a Participant pursuant to an Option.

  • SAR Value means the excess of the Fair Market Value (on the exercise date) over the exercise price that the participant would have otherwise had to pay to exercise the related Stock Option, multiplied by the number of shares for which the Stock Appreciation Right is exercised.

  • Date of Exercise means the date on which the Holder shall have delivered to the Company: (i) the Exercise Notice (with the Warrant Exercise Log attached to it), appropriately completed and duly signed and (ii) if such Holder is not utilizing the cashless exercise provisions set forth in this Warrant, payment of the Exercise Price for the number of Warrant Shares so indicated by the Holder to be purchased.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date.

  • Exchange Price means as of any date, $1,000, divided by the Exchange Rate as of such date.

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • New Exercise Date means a new Exercise Date if the Administrator shortens any Offering Period then in progress.

  • Purchase Price Per Share means $0.01 per share, as may be adjusted from time to time in accordance with Section 5 or 6.

  • Warrant Price as used in this Agreement shall mean the price per share at which shares of Common Stock may be purchased at the time a Warrant is exercised. The Company in its sole discretion may lower the Warrant Price at any time prior to the Expiration Date (as defined below) for a period of not less than twenty (20) Business Days, provided, that the Company shall provide at least twenty (20) days prior written notice of such reduction to Registered Holders of the Warrants and, provided further that any such reduction shall be identical among all of the Warrants.

  • SARS means the South African Revenue Service.

  • SAR means a stock appreciation right granted under the Plan.

  • Minimum Exercise Amount means the Minimum Exercise Amount as specified in § 1 of the Product and Underlying Data.