Holder Percentage definition

Holder Percentage means, with respect to each Holder and each Purchase Money Note at any time, a fraction (expressed as a percentage, carried out to the ninth decimal place), (i) the numerator of which is the outstanding principal amount of such Purchase Money Note for which such Holder is registered as the owner on the Purchase Money Notes Register at such time and (ii) the denominator of which is the aggregate outstanding principal amount of such Purchase Money Note at such time.

Holder Percentage means each Holder’s pro rata percentage of the Secured First Lien Notes Claims.

Holder Percentage means, as to any Holder, the percentage assigned to such Holder on Annex A, as Annex A may be updated from time to time in accordance with Section 7 and Section 12 to reflect assignments and payments hereunder. For the avoidance of doubt, the Holder Percentage of a Holder is equal to, at any time, (x) the unpaid principal amount of this Note, together with all accrued but unpaid interest thereon, owed to such Holder at such time divided by (y) the entire unpaid principal amount of this Note, together with all accrued but unpaid interest thereon, at such time.

Examples of Holder Percentage in a sentence

• The Company hereby grants the Holder a right of participation to participate in any additional equity offerings which the Company may offer, up to the Holder Percentage (as defined below), on the following terms and conditions.

• The Adjusted Excluded Holder Percentage may (but is not required to) be redetermined by the Board of Trustees whenever there is a change in either the number of Common Shares outstanding or the number of Common Shares Beneficially or Constructively Owned by the Excluded Holder, in each case based on the assumptions set out in the immediately preceding sentence.

• If the Holder undertakes to participate in such offering, then the Company shall be obligated to accept such participation up to the Holder Percentage upon the terms and conditions set forth in the Notice and the parties shall use their best efforts to enter into a definitive agreement relating to such offering.

• Such offer to prepay shall be made to each Holder pro rata in accordance with its Holder Percentage.

• The net dilution is 60,000 shares, which number of shares is utilized in the calculation of the Holder Percentage under the above formula.

More Definitions of Holder Percentage

Holder Percentage means, with respect to any Island Securityholder, at any given time, the pro rata percentage of the Merger Consideration received by such Island Securityholder.

Holder Percentage is described in Section 2.4.

Holder Percentage means a fraction, (x) the numerator of which is the number of Closing Date Common Shares issued to DDJ, or a Permitted Designee, as the case may be, on the Closing Date and (y) the denominator of which is equal to all of the Closing Date Common Shares issued to DDJ and its Permitted Designees on the Closing Date. The Company shall deliver to DDJ and/or its Permitted Designee(s) a stock certificate or certificates representing any Additional Common Shares issued pursuant hereto, registered in DDJ’s and /or its Permitted Designee(s)’ name(s) or accompanied by duly executed stock assignments.

Holder Percentage means that percentage calculated, on a fully diluted basis, as if the Holder had (a) converted the Preferred Stock into Common Stock, which number shall constitute the numerator, and (b) divided by the denominator, which shall be equal to the total number of shares of Common Stock issued and outstanding as of such date, plus (i) that number of shares of Common Stock issuable upon the conversion of all convertible securities of the Company, including, without limitation, the Preferred Stock, and (ii) that number of shares of Common Stock issuable upon the exercise of all options and warrants utilizing the "treasury method" as of such date. Under the treasury method, only shares issuable upon the exercise of "in the money" options and warrants are considered in the calculation and the net dilution is that number of shares issuable upon such exercise net of that number of shares which could have been purchased with the proceeds from the exercise of the options and warrants at the then market price. For example, assuming 100,000 options are outstanding at a strike price of $1.00 per share and that the market price of the Common Stock is $2.50 per share, under the treasury method, the proceeds from the exercise of the options would equal $100,000 and such proceeds would purchase 40,000 shares of Common Stock at the market price of $2.50 per share. The net dilution is 60,000 shares, which number of shares is utilized in the calculation of the Holder Percentage under the above formula.

Holder Percentage means, as to any Holder, the percentage assigned to such Holder on Annex A, such percentage as updated from time to time to reflect assignments and payments hereunder.

Holder Percentage means, with respect to a Company Holder, the percentage set forth opposite the name of such Company Holder on the Consideration Spreadsheet.

Holder Percentage means, with respect to a Holder, the percentage equal to the product of (x) a fraction, the numerator of which shall be the Stated Value of Preferred Stock issued or issuable to such Holder on the Closing Date and the denominator of which shall be the aggregate Stated Value issued or issuable to all Holders on the Closing Date times (y) 100.