Interest Payment Shares definition

Interest Payment Shares means the shares of Common Stock issuable in payment of interest on this Note in accordance with Section 2(a).

Interest Payment Shares has the meaning set forth in the recitals above.

Interest Payment Shares means any shares of Common Stock issued or issuable pursuant to Section 2.7 and Exhibit 2.7.

Examples of Interest Payment Shares in a sentence

• The number of Interest Payment Shares issuable on any Interest Payment Date shall equal (x) the amount of accrued interest due on such Interest Payment Date divided by (y) 90% of the average of the daily volume weighted-average price of the Class A Common Stock as reported by Bloomberg (the "Daily VWAP") for the 20-Trading Day period ending on the Trading Day next preceding the applicable Interest Payment Date.

• Xxxx* 0 Xxxx Xx. Xxx 0000 Xxx Xxxxxxxxx, XX 00000 0.900% 540,000 Xxxxxxx Xxxxxx* 000 Xxxxxxx XX, Los Gatos, CA 95030 0.900% 540,000 Eldoop Partners LLC* 0000-X Xxxxxxxxxx Xxxxxxx, Xxxxxxxxx, XX00000 0.900% 540,000 {5187-001/01383040.DOC.} Name and Address of Member % Membership Interest Payment Shares Xxxxxxx Xxxx* 0000 Xxxxx Xxx, Xxxxxxx XX 00000 0.450% 270,000 Xxxx X.

• The Interest Payment Shares will be validly issued as fully paid and non-assessable.

• The Common Shares are listed only on the TSX and the Interest Payment Shares have been conditionally approved for listing on the TSX, subject to the fulfillment of standard conditions.

More Definitions of Interest Payment Shares

Interest Payment Shares means the shares of Common Stock issuable in payment of interest on this Note in accordance with Section 1.1.

Interest Payment Shares means the shares of Common Stock and the related Preferred Share Purchase Rights issuable in payment of interest on this Note in accordance with Section 1.1.

Interest Payment Shares has the meaning set forth in subparagraph 5 below;

Interest Payment Shares means a number of shares of Common Stock equal to the applicable Share Issuance Amount divided by the Interest Payment Share Price.

Interest Payment Shares means any shares of Common Stock issued or issuable in satisfaction of any interest payment otherwise due and payable in cash, in accordance with Section 2.7 and Exhibit 2.3 (provided, that, for purposes of Exhibit 2.3, “Interest Payment Shares” has the meaning given to such term in such Exhibit 2.3). “Interest Rate” means 12.95% per annum. "Investment Property" means the collective reference to (a) all "investment property" as such term is defined in Section 9-102 of the UCC, (b) all "financial assets" as such term is defined in Section 8-102(a)(9) of the UCC and (c) whether or not constituting "investment property" as so defined, all Pledged Equity. “IP”, “Company IP” and “Intellectual Property” have the meaning given to it in Section 3.1(m). “IRS” means the United States Internal Revenue Service. “Issuers” means the collective reference to each of the issuers of Investment Property. “Lenders” has the meaning set forth in the preamble. “License” means any license of Intellectual Property. “Lien” means any lien (statutory or otherwise), pledge, mortgage, security interest, deed of trust, charge, assignment, hypothecation, title retention, deposit arrangement, easement, encumbrance or other security arrangement and any other preference, priority, or preferential arrangement in the nature of a security interest of any kind or whatsoever, including any conditional sale contract or other title-retention agreement, the interest of a lessor under a Financing Lease and any synthetic or other financing lease having substantially the same economic effect as any of the foregoing. “Loan” means the loans made by the Lenders to the Borrower pursuant to Section 2.2 in the aggregate principal amount of Sixty Million Dollars ($60,000,000) or, as the context may require, the principal amount thereof from time to time outstanding. 11 141540134

Interest Payment Shares means all shares of Common Stock issued as payment of interest on the Debenture (assuming all permissible interest payments are made in shares of Common Stock and the Debentures are held until maturity).

Interest Payment Shares means the shares of GMO Stock or GGD Stock, as the case may be, issued by the Company in payment of interest on the Debentures in accordance with the terms thereof and (iv) "SECURITIES" shall mean, collectively, the GMO Debentures and, upon issuance, the GGD Debentures, the Conversion Shares and the Interest Payment Shares. The parties hereto agree as follows: