Net Issuance definition

Net Issuance has the meaning given to it in Section 3(a).
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Net Issuance shall have the meaning given thereto in Section 3(a) hereof.
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Net Issuance has the meaning set forth in Section 2(a) hereof.
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Examples of Net Issuance in a sentence

  • The Exercise Price may be paid at the Warrantholder's election either (i) by cash or check, or (ii) by surrender of Warrants ("Net Issuance") as determined below.

  • If the Warrantholder elects the Net Issuance method, the Company will issue Preferred Stock in accordance with the following formula: X = Y(A-B) ------ A Where: X = the number of shares of Preferred Stock to be issued to the Warrantholder.

  • Upon partial exercise by either cash or Net Issuance, the Company shall promptly issue an amended Warrant Agreement representing the remaining number of shares purchasable hereunder.

  • Upon partial exercise by either cash or Net Issuance, the Company shall promptly issue an amended Agreement representing the remaining number of shares purchasable hereunder.

  • If the Warrantholder elects the Net Issuance method, the Company will issue shares of Common Stock in accordance with the following formula: X = Y(A-B) A Where: X = the number of shares of Common Stock to be issued to the Warrantholder.

  • During the term of this Warrant, the Company will at all times have authorized and reserved a sufficient number of shares of Class A Common Stock to provide for the exercise of the rights to purchase Warrant Shares as provided for herein, assuming this Warrant were exercised in full and not on a Net Issuance basis.

  • The Warrant Shares issuable upon exercise of Warrantholder’s rights (assuming no Net Issuance) have been duly and validly reserved and, when issued in accordance with the provisions of this Warrant, will be validly issued, fully paid and non-assessable, and will be free of any taxes, liens, charges or encumbrances of any nature whatsoever; provided, that the Warrant Shares issuable pursuant to this Warrant may be subject to restrictions on transfer under state and/or federal securities laws.

  • In connection with a Merger Event and upon Warrantholder’s written election to the Company, the Company shall cause this Warrant Agreement to be exchanged for the consideration that Warrantholder would have received if Warrantholder had chosen to exercise its right to have shares issued pursuant to the Net Issuance provisions of this Warrant Agreement without actually exercising such right, acquiring such shares and exchanging such shares for such consideration.

  • Certificates for the shares issuable upon exercise of the Net Issuance Right and, if applicable, a new warrant evidencing the balance of the shares remaining subject to this Warrant, shall be issued as of the Conversion Date and shall be delivered to the Holder within thirty (30) days following the Conversion Date.

  • If the Warrantholder elects the Net Issuance method, the Company will issue Common Stock in accordance with the following formula: X = Y(A-B) A Where: X = the number of shares of Common Stock to be issued to the Warrantholder.


More Definitions of Net Issuance

Net Issuance means a process under which the Company will issue to the optionee the lesser of (i) that number of Shares requested to be issued by the optionee or (ii) the maximum number of vested option Shares which may be purchased with the “Net Equity” of vested options. “Net Equity” of an option means the then current Fair Market Value of the underlying Shares minus the exercise price. Upon any such Net Issuance, the Company shall cancel all options exercised and all options the Net Equity of which were utilized as payment of the Exercise Price, and the Company shall promptly issue to the optionee an amended Stock Option Agreement representing the remaining number of Shares purchasable thereunder.
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Net Issuance has the meaning given to it in Section 3(a). “Notice of Exercise” has the meaning given to it in Section 3(a).
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Net Issuance. PROCEEDS" - in respect of any issuance of Indebtedness or equity, the proceeds in Cash received by HCRI or any of its Subsidiaries upon or simultaneously with such issuance, net of direct costs of such issuance and any taxes paid or payable by the recipient of such proceeds.
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Net Issuance. Proceeds shall mean those Net Proceeds arising from an issuance of the kind described in clause (b) of the definition of Net Proceeds. Net Proceeds shall mean the gross cash proceeds (including cash equivalents (when received) by way of deferred or non-cash payment) received by the Companies from any of the following:
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Net Issuance or "cashless exercise").
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Net Issuance means the number of Shares determined by dividing:
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Related to Net Issuance

  • Cashless Exercise Ratio means a fraction, the numerator of which is the excess of the Current Market Value per share of Common Stock on the Exercise Date over the Exercise Price per share as of the Exercise Date and the denominator of which is the Current Market Value per share of the Common Stock on the Exercise Date.

  • Conversion Right has the meaning provided in Section 4.5(a) hereof.

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • Call Notice shall have the meaning specified in Section 1.1 of the Warrant Agent Agreement.

  • Exercise Time means 5.00 p.m. (local time in Frankfurt am Main, Germany);

  • Total Exercise Price shall have the meaning set forth in Section 4(a) hereof.

  • Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.

  • Exercise Amount has the meaning set forth in Section 2(a).

  • Notice of Extension/Conversion means the written notice of extension or conversion in substantially the form of Schedule 3.2, as required by Section 3.2.

  • Exercise Payment means the amount of money equal to the Exercise Price multiplied by the number of Optioned Shares specified in the Notice of Exercise;

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Dilutive Issuance Notice shall have the meaning set forth in Section 5(b).

  • Call Warrant As defined in the recitals.

  • Optional Redemption Notice shall have the meaning set forth in Section 6(a).

  • Issuance Notice means a written notice delivered to the Agent by the Company in accordance with this Agreement in the form attached hereto as Exhibit A that is executed by its Chief Executive Officer, President or Chief Financial Officer.

  • Cash Exercise with respect to Warrant Shares; and/or

  • Warrant Share Number means at any time the aggregate number of shares of Warrant Stock which may at such time be purchased upon exercise of this Warrant, after giving effect to all prior adjustments and increases to such number made or required to be made under the terms hereof.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Share Settlement means a number of shares of Class A Common Stock equal to the number of Redeemed Units.

  • Minimum Exercise Amount means the Minimum Exercise Amount as specified in § 1 of the Product and Underlying Data.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date. Unless and until the Current Warrant Price is adjusted pursuant to the terms herein, the initial Current Warrant Price shall be $2.36 per share of Common Stock.

  • Net Exercise means a Net Exercise as defined in Section 6.3(b)(iii).

  • Discounted Prepayment Option Notice has the meaning specified in Section 2.05(d)(ii).

  • Aggregate Option Exercise Price means, as of any date of determination, the sum of the exercise prices payable upon exercise in full of all Vested Options held by all Optionholders immediately prior to the Effective Time, based on the Estimated Merger Consideration or the Final Adjusted Merger Consideration, as applicable.

  • Forced Conversion Notice shall have the meaning set forth in Section 6(d).