Net Payment Shares definition

Net Payment Shares means the shares of Original Common Stock or Series B Common Stock that are issued by the Company upon exercise of a Warrant in accordance with Section 2(b) of the Warrant.
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Net Payment Shares shall have the meaning set forth in Section 2(b).
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Examples of Net Payment Shares in a sentence

  • Transfer of this Warrant and any Warrant Shares and/or Net Payment Shares issued upon exercise of this Warrant is restricted by Section 4 of the Stockholder Agreement.

  • Each Holder agrees that all the provisions of the Stockholder Agreement, if applicable and still in effect pursuant to the terms thereof, shall apply to Warrant Shares and/or Net Payment Shares.

  • Subject to effectiveness of the Amendment, (i) 42,000,000 shares of Series B Common Stock have been reserved for issuance as Initial Shares, PIK Shares, Contingent Shares or Net Payment Shares and (ii) 42,000,000 shares of Original Common Stock have been reserved for issuance as Warrant Shares, Conversion Shares, Contingent Shares or Net Payment Shares.

  • Upon the issuance and delivery of any Warrant Shares or any Net Payment Shares issued upon exercise of a Warrant in accordance with the terms of the Warrant, such Warrant Shares or Net Payment Shares, as the case may be, will be validly issued, fully paid and nonassessable.

  • Transferee (i) agrees that the Warrant and all Warrant Shares and/or Net Payment Shares issued to Transferee and shares of Original Common Stock that may be acquired by Transferee in the future, shall be bound by and subject to the terms of the Stockholder Agreement pursuant to the terms thereof and (ii) hereby adopts the Stockholder Agreement with the same force and effect as if it were originally a party thereto and, effective as of the date hereof, is a Stockholder as defined therein.

  • Holder acknowledges and agrees that all Warrant Shares and/or Net Payment Shares (collectively, the "Subject Securities") will be subject to the Stockholder Agreement and, among other things, will bear the legends specified therein.

  • Transferee acknowledges that, during the term of the Stockholder Agreement, the Warrant is, and any Warrant Shares and/or Net Payment Shares issued upon exercise thereof will be, a Restricted Security (as defined in the Stockholder Agreement).

  • As provided in Section 2 of the Warrant, upon receipt of the Aggregate Purchase Price, if applicable, and the Warrant, please issue in the name of the undersigned (i) a certificate or certificates representing the applicable number of Warrant Shares and/or (ii) if the Company elects to exercise its Net Payment Right by issuing Net Payment Shares, a certificate or certificates representing such Net Payment Shares.

Related to Net Payment Shares

  • Payment Shares has the meaning set forth in Section 2.02;

  • Settlement Shares With respect to any Settlement Date, a number of Shares, not to exceed the Base Amount, designated as such by Party B in the related Settlement Notice or by Party A pursuant to “Termination Settlement” below; provided that on the Maturity Date the number of Settlement Shares shall be equal to the Base Amount on such date.

  • Redemption Shares has the meaning set forth in Section 6.2(a). “Reviewed Year” has the meaning ascribed to said phrase under Section 6225(d)(1) of the Code.

  • Net Shares means the number of shares of Common Stock which will be deposited in a brokerage account in the Grantee’s name at the Company’s designated broker after shares have been withheld to satisfy applicable tax and withholding requirements upon vesting of the Restricted Stock Units.

  • Adjustment Shares shall have the meaning set forth in Section 11(a)(ii) hereof.

  • Purchase Shares has the meaning set forth in Section 2.1.

  • Consideration Shares shall have the meaning set forth in Section 2.7(c).

  • Stock Election Shares shall have the meaning set forth in Section 3.2.1.

  • Full Entitlement Share(s) shall have the respective meanings set forth in Section 2.12.

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • VMTP Shares means Variable Rate MuniFund Term Preferred Shares, $0.00001 par value per share, liquidation preference $100,000 per share plus an amount equal to accumulated but unpaid dividends thereon (whether or not earned or declared), of the Trust. The preferences, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of each series of VMTP Shares are set forth in the VMTP Shares Statement.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Unit Shares means the Common Shares comprising part of the Units;

  • Forward Purchase Shares shall have the meaning given in the Recitals hereto.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Common Shares means the common shares in the capital of the Corporation;

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Qualifying Shares means shares of Common Stock which either (i) have been owned by the Grantee for more than six (6) months and have been “paid for” within the meaning of Rule 144 promulgated under the Securities Act, or (ii) were obtained by the Grantee in the public market.

  • Earn-Out Shares has the meaning provided in Section 2.2(b).

  • Company Shares means the common shares in the capital of the Company;

  • RSU Shares means shares of Common Stock that underlie an RSU.

  • Share Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Net Share Amount has the meaning set forth in Section 3.03(c).