Examples of Maximum Share Number in a sentence
Notwithstanding any other provision of this Instrument but subject to clauses 12 and 15.2, the aggregate maximum number of new Shares that the Company may or is required to issue on one or more Conversions without the Company first obtaining Shareholder Approval, is the Maximum Share Number.
For the avoidance of doubt, it is understood and agreed that any change to the Merger Agreement which would cause the Borrower to issue less than 99% of the Maximum Share Number (as such term is defined in the Merger Agreement as in effect on February 3, 2016) of its Equity Interest to the holders of Equity Interests (including the holders of any options, warrants and similar rights) of the Target as purchase consideration shall be deemed materially adverse to the interests of the Lenders.
Notwithstanding anything to the contrary contained herein, in the event that a Mandatory Prepayment Event occurs following any Potential Adjustment Event, Issuer Merger Event or Spin-Off Event, then the Administrative Agent agrees not to send a Mandatory Prepayment Notice until such time as Calculation Agent has made its determination as to the appropriate adjustments, if any, to be made to (i) the Minimum Price, (ii) the Maximum Share Number and/or ( iii) the Minimum ADTV Level.
Maximum Share Number means 39,267,916 Target Shares or such higher number as is agreed in writing between Target and Bidder.
The Company will ratify the issue of Note 1 at its annual general meeting and seek shareholder approval for the issue of Note 1 to the extent it can convert into Shares above the Initial Maximum Share Number.