Initial Ratio definition
Examples of Initial Ratio in a sentence
If the date for redemption occurs prior to the first Interest Payment Date, a pro rata proportion of an amount equal to the product of the Initial Ratio Amount multiplied by DIR(T)/DIR(0) shall be added to the relevant Interest Amount (in respect of the period from and including the Interest Commencement Date to but excluding the date of redemption of the Notes) (such sum shall be rounded (if necessary) to the nearest euro cent with half a euro cent being rounded upwards).
The "Initial Ratio" is a fraction, (i) the numerator of which is the number of Common Warrant Shares this Warrant is exercisable for on the date hereof and (ii) the denominator of which is the number of Preferred Warrant Shares this Warrant is exercisable for on the date hereof (in each case as such Common Warrant Shares or Preferred Warrant Shares are adjusted pursuant to the terms hereof including Sections 2 and 3B(ii)).
This ------------------------------------------------ Warrant is exchangeable, upon the surrender hereof by the Registered Holder at the principal office of the Company, for new Warrants of like tenor, with the same Initial Ratio, representing in the aggregate the purchase rights hereunder, and each of such new Warrants shall represent such portion of such rights as is designated by the Registered Holder at the time of such surrender.
On/off switch ResistWO (wide open resistance) - H/Q2 Initial Ratio (stem) - % open/100% Valve Type – select from drop down table Connection Restrictions: one pipe connected to each side or one pipe connected to one side and reservoir on other side This element models a variety of valves.
At the request of the Registered Holder (pursuant to a transfer of Warrants or otherwise), this Warrant may be exchanged for one or more Warrants to purchase Common Stock and Series A Preferred Stock at the same Initial Ratio.
After the Initial Ratio, the ratio then becomes two (2) Journeypersons to one (1) Apprentice.
As to the Held Shares, your death or disability are treated as a termination Without Cause or Good Reason, which results in the immediate lapse of the restrictions without regard to the remaining vesting period or remainder of the 12 months.
This Warrant may only be exercised at any time and from time to time during the Exercise Period for the number of Common Warrant Shares such that the "Common/Preferred Exercise Ratio" at the time of such exercise is equal to or less than the "Initial Ratio".