Minimum Share Number definition

Minimum Share Number has the meaning set forth in Section 5.01(a)(i).

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Minimum Share Number means that number of shares of Common Stock equal to the quotient obtained by dividing (i) $50,000,000 by (ii) the Stock Price as of the applicable anniversary of the IPO Date.

Minimum Share Number has the meaning set forth in Section 5.01(a)(iii).

Examples of Minimum Share Number in a sentence

Any such adjustment to the Fixed Settlement Rate shall be proportionally made to both the Maximum Share Number and the Minimum Share Number.
The Minimum Share Number will be subject to adjustment in the event (i) of the cancellation of one or more Subsequent Closings pursuant to subsection (a) of this Section 2.6 for failure to reach the Floor, and (ii) Seaside elects pursuant to subsection (b) of this Section 2.6 to reduce the number of Shares purchased at any Subsequent Closing as a result of the amount of investment at such Closing exceeding the Dollar Limit.
On the Initial Share Delivery Date, Bank shall deliver to Counterparty the number of Shares equal to (i) the Minimum Share Number minus (ii) the Original Share Number.
Minimum Share Number: 17,927,062 Original Share Number: 1,028,000 Settlement: On the Settlement Date, Bank shall deliver to Counterparty, the Number of Shares to be Delivered.
Number of Shares to be Delivered: A number of Shares equal to (i) the Settlement Share Number minus (ii) the Minimum Share Number.
A number of shares equal to (i) the Notional Amount divided by (ii) (A) the Settlement Price minus (B) the Discount per Share; provided that if such quotient is less than the Minimum Share Number, the Settlement Share Number shall be equal to such Minimum Share Number.
The Threshold Appreciation Price, Minimum Share Number, Reference Price and Maximum Share Number are adjusted accordingly, such that the Threshold Appreciation Price equals $46.54, the Minimum Share Number equals 0.1579 shares of Parent Common Stock, the Reference Price equals $14.89, and the Maximum Share Number equals 0.1973 shares of Parent Common Stock.
In furtherance and not in limitation of the foregoing, in no event shall Seaside be liable for the payment of any amount hereunder if the Minimum Share Number has not been reached as set forth herein if the Company fails to consummate one or more Closings despite all conditions to the Company’s obligation to close having been satisfied or waived.

More Definitions of Minimum Share Number

Minimum Share Number means for any Holder, a number of shares of Common Stock equal to the greatest of (i) 1.0% of the shares issued and outstanding as of the date of the relevant request, (ii) 50% of the number of shares of Common Stock then held by such Requesting Holder and (iii) 50% of the number of shares of Common Stock equal to the number of Notes in $1,000 Principal Amount issued to such Requesting Holder (or its predecessor in interest) on the Closing Date multiplied by the Applicable Conversion Rate.

Minimum Share Number shall have the meaning ascribed to such term in Section 2.6(c).

Minimum Share Number means such number of Purchaser Common Shares equal to the product of ninety two and one half percent (92.5%) multiplied by the Baseline Share Number.

Minimum Share Number means shares of Common Stock (as adjusted for any stock dividend, split or combination, recapitalization, merger, amalgamation, consolidation, other reorganization or otherwise).