Independent Shares definition

Independent Shares means any (i) Separate Shares of Convertible Preferred Stock and (ii) any shares of Convertible Preferred Stock held on or after the first to occur of (x) a Successful Remarketing and (y) June 1, 2022.
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Independent Shares means any (i) Separate Shares of Mandatory Convertible Preferred Stock and (ii) any shares of Mandatory Convertible Preferred Stock held on or after the occurrence of a Successful Remarketing.
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Independent Shares means a number of shares of Common Stock equal to (a) the result of (i) the number of issued and outstanding shares of Common Stock that are not Beneficially Owned by Paros, All Seas, any of their respective Permitted Transferees or by any other Persons who acquired Units originally held by such Member pursuant to a Permitted Transfer, divided by (ii) the sum of (x) 1 (one) minus (y) the lesser of (A) the Percentage Board Representation of Paros and All Seas, and (B) the quotient obtained by dividing the number of issued and outstanding shares of Common Stock that are Beneficially Owned by Paros, All Seas and any of their respective Permitted Transferees by the number of issued and outstanding shares of Common Stock that are Beneficially Owned by Paros, All Seas, any of their respective Permitted Transferees and all other shareholders of Euroseas (other than any Persons (other than Permitted Transferees) who acquired Units originally pursuant to a Permitted Transfer), collectively, minus (b) the number of issued and outstanding shares of Common Stock that are not beneficially owned by Paros, All Seas, any of their respective Permitted Transferees or by any other Persons who acquired Units originally held by such Member pursuant to a Permitted Transfer.
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Examples of Independent Shares in a sentence

  • To exercise the Fundamental Change Conversion Right, a holder of the Convertible Preferred Stock must convert its Independent Shares in accordance with Section IIIA(9)(a)(i) and Section IIIA(9)(b).

  • If a transaction or event that constitutes a Fundamental Change occurs prior to the close of business on the Business Day immediately preceding June 1, 2022, all or any integral number of a holder’s Independent Shares may be surrendered for conversion at any time during the related Fundamental Change Period (such right of conversion, the “ Fundamental Change Conversion Right”).

  • References in this Form of Election and Letter of Transmittal to certificates representing Independent Shares shall be deemed to mean such a Direct Registration Transaction Advice or other evidence of ownership of Independent Shares.

  • This means that Independent’s transfer agent will keep its records of any Independent Shares you receive in the Merger in an electronic, book-entry form following the Merger and that you will receive a Direct Registration Transaction Advice providing information about your Independent Shares.

  • However, at the Corporation’s option, the Corporation may purchase or otherwise acquire (including in an exchange transaction) Independent Shares from time to time in the open market, by tender or exchange offer or otherwise, without the consent of, or notice to, the Holders.

  • If a transaction or event that constitutes a Fundamental Change occurs prior to December 1, 2023 unless a Remarketing Failure has occurred, all or any integral number of a holder’s Independent Shares may be surrendered for conversion at any time from or after the Effective Date of such transaction until the related Fundamental Change Conversion Deadline (subject to, and in accordance with, Section 9(d) below).

  • To exercise the Fundamental Change Conversion Right, a holder of the Mandatory Convertible Preferred Stock must convert its Independent Shares in accordance with Section 9(e) during the applicable Fundamental Change Conversion Period.

  • The Administrative Agent shall allocate and record the Matching Shares, if applicable, in proportion to the Eligible Shares originally purchased through Participant Contributions and the Eligible Shares originally purchased independently by the Participants as Independent Shares.

  • You authorize and instruct the Exchange Agent to deliver the Central Certificate(s) covered hereby, and to receive on your behalf, in exchange for the Central Shares represented by such Central Certificate(s), any check and/or any certificate for Independent Shares issuable to you.

  • Pursuant to subparagraphs 8(c) and 8(d), the Employer shall also advise the Administrative Agent of the amount of Matching Shares and/or Employer Contributions to be allocated between Eligible Shares originally purchased with Net Participant Contributions and Eligible Shares originally purchased by the Participant as Independent Shares, as the case may be.


More Definitions of Independent Shares

Independent Shares means a number of shares of Euroseas Common Stock, rounded to the nearest whole share, equal to (a) the result of (i) the number of issued and outstanding shares of Euroseas Common Stock that are not beneficially owned by Paros, All Seas, any of their respective Permitted Transferees or by any other Persons who acquired Units originally held by such Member pursuant to a Permitted Transfer, divided by (ii) the sum of (x) 1 (one) minus (y) the lesser of (A) the Percentage Board Representation of Paros and All Seas and (B) the quotient obtained by dividing the number of issued and outstanding shares of Euroseas Common Stock that are beneficially owned by Paros, All Seas and any of their respective Permitted Transferees by the number of issued and outstanding shares of Euroseas Common Stock that are beneficially owned by Paros, All Seas, any of their respective Permitted Transferees and all other shareholders of Euroseas (other than any Persons (other than Permitted Transferees) who acquired Units originally pursuant to a Permitted Transfer), collectively, minus (b) the number of issued and outstanding shares of Euroseas Common Stock that are not beneficially owned by Paros, All Seas, any of their respective Permitted Transferees or by any other Persons who acquired Units originally held by such Member pursuant to a Permitted Transfer.
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Independent Shares means the Shares purchased (i) independently by the Participant with their own monies and independent of any equity-based incentive program offered by the Employer or grant thereunder, (ii) after the date the Participant became eligible to participate in the Plan, (iii) subject to restrictions during Blackout Periods and satisfaction of insider reporting requirements under the applicable law, (iv) through market purchases on the Toronto Stock Exchange or the New York Stock Exchange, and (v) held and recorded by the Participants in their personal investment accounts separate and apart from those Shares held in the Participant’s Personal Account;
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Independent Shares means the Ordinary Shares held by Independent Shareholders; “Invesco” means Invesco Asset Management;
Sample 1
Independent Shares means a number of shares of Euroseas Common Stock, rounded to the nearest whole share, equal to (a) the result of (i) the number of issued and outstanding shares of Euroseas Common Stock that are not beneficially owned by Paros, All Seas, any of their respective Permitted Transferees or by any other Persons who acquired Units originally held by such Member pursuant to a Permitted Transfer, divided by (ii) the sum of (x) 1 (one) minus (y) the lesser of (A) the Percentage Board Representation of Paros and All Seas and (B) the quotient obtained by dividing the number of issued and outstanding shares of Euroseas Common Stock that are beneficially owned by Paros, All Seas and
Sample 1
Independent Shares means the Shares purchased (i) independently by the Participant with their own monies and independent of any equity- based incentive program offered by the Employer or grant thereunder, (ii) after the date the Participant became eligible to participate in the Plan,
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Related to Independent Shares

  • Independent Shareholders means holders of Voting Shares, other than:

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Settlement Shares With respect to any Settlement Date, a number of Shares, not to exceed the Base Amount, designated as such by Party B in the related Settlement Notice or by Party A pursuant to “Termination Settlement” below; provided that on the Maturity Date the number of Settlement Shares shall be equal to the Base Amount on such date.

  • Dissent Shares means Company Shares held by a Dissenting Shareholder and in respect of which the Dissenting Shareholder has validly exercised Dissent Rights;

  • Consideration Shares shall have the meaning set forth in Section 2.7(c).

  • Acquisition Shares means the shares of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Unit Shares means the Common Shares comprising part of the Units;

  • Merger Shares has the meaning set forth in Section 2.2(c).

  • Common Shares means the common shares in the capital of the Company;

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Parent Stock means the common stock, par value $0.01 per share, of Parent.

  • Investor Shares shall have the meaning given in the Recitals hereto.

  • Management Shareholders means Xxxxxx X. Xxxx, Xxxx X. Xxxxxxx, and Xxxxxx X. Xxxxxxxxx.

  • Stock Election Shares shall have the meaning set forth in Section 3.2.1.

  • Relevant Shares means ordinary share capital of the Approved Entity that constitutes equity share capital or the equivalent (or depositary or other receipts representing the same) which is listed and admitted to trading on a Regulated Market.

  • Acquired Shares has the meaning set forth in the Recitals.

  • Shares means the interests of Shareholders corresponding to the redeemable securities of record issued by the Fund under the Investment Company Act of 1940 that are held by the Intermediary.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • Payment Shares has the meaning set forth in Section 2.02;

  • Newco Shares means the common shares in the capital of Newco;

  • Company Shares has the meaning set forth in the Recitals.