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

  • 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.

  • Section 2.1 shall not be applicable to the exercise of the Warrant or the issuance and delivery by the Company to a Stockholder of (i) PIK Shares, (ii) Conversion Shares, (iii) Contingent Shares, (iv) Warrant Shares, (v) Net Payment Shares or (vi) the Initial Shares.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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).

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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 2.2(a) hereof.

  • Consideration Shares has the meaning ascribed thereto in Section 2.2.

  • 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 has the meaning set forth in the preamble to this Agreement.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • 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 Company;

  • 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 For any Exercise Date, a number of Shares, as calculated by the Calculation Agent, equal to (x) the product of (i) the number of Warrants being exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii) the excess, if any, of the Relevant Price for the Valuation Date occurring on such Exercise Date over the Strike Price (such product, the “Net Share Settlement Amount”), divided by (y) such Relevant Price.