Initial Per Share Price definition
Examples of Initial Per Share Price in a sentence
The exercise price per share of Common Stock covered by the Initial Matching Options shall be equal to the Initial Per Share Price.
Subject to and upon the terms and conditions set forth in this Agreement, the Company shall sell and issue to the Purchaser, and Purchaser shall purchase from the Company, at the Initial Closing, 10 million Shares at the Initial Per Share Price for an aggregate purchase price of $20 million (the “Initial Purchase”).
On the Warrant Closing Date, Seneca shall deliver to each Buyer a Warrant pursuant to which such Buyer shall have the right to acquire an initial amount of shares of Seneca Common Stock equal to one hundred percent (100%) of the quotient determined by dividing the Purchase Price paid by such Buyer on the Closing Date, by the lower of the Closing Per Share Price and the Initial Per Share Price, duly executed on behalf of Seneca and registered in the name of such Buyer or its designee.
The price to be paid for the Subsequent Closing Shares shall be the lesser of the Initial Per Share Price, the closing price of the shares of Common Stock on the day before the Company Notice is sent or 90% of the average closing price of the Company’s shares of Common Stock for the 20 days immediately prior to the sending of such Company Notice (the “Subsequent Per Share Price”).
On the Warrant Closing Date (as defined below), and for no additional consideration, Seneca shall issue to each Buyer Warrants to acquire an initial amount of shares of Seneca Common Stock equal to one hundred percent (100%) of the quotient determined by dividing the Purchase Price paid by such Buyer on the Closing Date, by the lower of the Closing Per Share Price and the Initial Per Share Price (the "Warrant Closing").
The purchase price (the "Redemption Price") for each of the Unvested Shares to be redeemed under the Repurchase Obligation shall be the Initial Per Share Price for each Unvested Share (exclusive of any Unvested Distributed Securities); provided that, upon the redemption of the Unvested Shares, any Unvested Distributed Securities will then also be redeemed without the payment of any additional consideration therefor.
The Investor shall have delivered to the Company (x) in the case of the Initial Closing, the Initial Per Share Price multiplied by the number of Initial Closing Shares or (y) in the case of any Subsequent Closing, the applicable Subsequent Per Share Price multiplied by the number of Subsequent Closing Shares.
The Company hereby agrees to sell to Purchaser, and Purchaser hereby agrees to purchase from the Company, ___________ Shares at a price of $__________ per Share (the "Initial Per Share Price"), for an aggregate purchase price of $_______.
The exercise price per share of Common Stock covered by the Initial Superperformance Options shall be equal to the Initial Per Share Price.
Subject to the terms and conditions set forth in this Agreement, the Company agrees to sell to the Purchasers, and each of the Purchasers severally and not jointly agrees to purchase from the Company, the number of shares of Class I Preferred indicated as the Initial Shares opposite such Purchaser's name on the Schedule of Purchasers (the "Initial Shares") for a purchase price of Twelve and 31/00 Dollars ($12.31) per share (the "Initial Per Share Price").