Initial Consideration Shares definition

Initial Consideration Shares has the meaning set forth in Section 3.01(a);

Initial Consideration Shares means such number of validly- issued, fully-paid and nonassessable shares of Common Stock that have not been registered under the Securities Act issued to the Borrower at the Closing as are equal to (a) $1,000,000 divided by (b) the per-share Common Stock closing price as quoted on the NASDAQ Small Cap market system on the last trading day immediately preceding the date of the Closing.

Initial Consideration Shares has the meaning set forth in Section 6.1.

Examples of Initial Consideration Shares in a sentence

• The Seller has agreed to not dispose of the Consideration Shares during the lock-up periods of: 24 months after the date of the Initial Closing (in the case of the Initial Consideration Shares); 12 months after the date of the SOP Closing (in the case of the SOP Consideration Shares); and 12 months after the respective date of the first Tranche 1 Earn-Out Closing and the first Tranche 2 Earn-Out Closing (in the case of the Earn-Out Shares), subject to certain exceptions.

• The Initial Consideration Shares are locked-in until the spudding of the first conventional oil well in respect of Amira’s interest in the Wasit province.

• However, following admission to trading on AIM of the Initial Consideration Shares, the IP Group Concert Party will own, in aggregate, 270,218,404 Ordinary Shares representing approximately 36.74 per cent.

• The initial consideration payable for the acquisition was £425,000, satisfied by £110,000 payable from existing cash and by the issue of 724,136 new ordinary shares of 1p each in the Company (the "Initial Consideration Shares") at an issue price of 43.5p.

• Application has been made to the London Stock Exchange for the 6,305,050 Initial Consideration Shares to be admitted to trading on AIM.

More Definitions of Initial Consideration Shares

Initial Consideration Shares means the Common Stock of the Purchaser to be issued by the Purchaser at Completion pursuant to Clause 3.1(b) and ranking pari passu with the existing Common Stock of the Purchaser at the date of issue;

Initial Consideration Shares has the meaning ascribed by Clause 4.2;

Initial Consideration Shares means the Common Stock of Marquee Inc. to be issued by Marquee Inc. at Completion pursuant to Clause 3.2(a) and ranking pari passu with the existing Common Stock of Marquee Inc. at the date of issue;

Initial Consideration Shares means the number of shares in the common stock of the Purchaser determined in accordance with paragraph 5 of Schedule 3.

Initial Consideration Shares means the aggregate number of shares of Parent Common Stock included in the Initial Consideration.

Initial Consideration Shares means the 3,263,255 Consideration Shares which are, as of the Closing Date, converted into common shares of the Purchaser in accordance with their terms.

Initial Consideration Shares has the meaning assigned to that term in Section 2.2; (ee) “Intangible Property” means all right, title and interest of OPINIT in and to all registered and unregistered Trademarks, trade or brand names, copyrights, designs, inventions, software, licenses, distribution agreements, authorities, restrictive covenants, and other rights used in connection with the Business;