Number of Relevant Options definition

Number of Relevant Options. With respect to any conversion of a Convertible Note, (x) the Number of Options, multiplied by (y) the principal amount of Relevant Convertible Notes, divided by (z) the principal amount of Convertible Notes outstanding (excluding Convertible Notes that have been converted prior to the conversion of the Relevant Convertible Notes but for which settlement has not yet occurred) prior to giving effect to such conversion. For the avoidance of doubt, the Number of Relevant Options may include a fraction of an Option. Free Convertibility Date: February 15, 2023 Expiration Time: The Valuation Time Expiration Date: May 15, 2023, subject to earlier exercise. Multiple Exercise: Applicable, as described under “Automatic Exercise” below.
Sample 1
Number of Relevant Options. With respect to any conversion of a Convertible Note, (x) the Number of Options, multiplied by (y) the principal amount of Relevant Convertible Notes, divided by (z) the principal amount of Convertible Notes outstanding (excluding Convertible Notes that have been converted prior to the conversion of the Relevant Convertible Notes but for which settlement has not yet occurred) prior to giving effect to such conversion. For the avoidance of doubt, the Number of Relevant Options may include a fraction of an Option. Free Convertibility Date: December 1, 2028 Expiration Time: The Valuation Time Expiration Date: March 1, 2028, subject to earlier exercise. Multiple Exercise: Applicable, as described under “Automatic Exercise” below.
Sample 1
Number of Relevant Options. With respect to any conversion of a Convertible Security, (x) the Number of Options, multiplied by (y) the principal amount of Relevant Convertible Securities, divided by (z) the principal amount of Convertible Securities outstanding prior to giving effect to such conversion.
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Examples of Number of Relevant Options in a sentence

  • On each Conversion Date, a number of Options equal to the Number of Relevant Options shall be automatically exercised.

  • For the avoidance of doubt, the Number of Relevant Options may include a fraction of an Option.


More Definitions of Number of Relevant Options

Number of Relevant Options. With respect to any conversion of a Convertible Note, (x) the Number of Options, multiplied by (y) the principal amount of Relevant Convertible Notes, divided by (z) the principal amount of Convertible Notes outstanding (excluding Convertible Notes that have been converted 12 For the Base Call Option Confirmation, this is equal to the number of Convertible Notes in principal amount of $1,000 initially issued on the closing date for the Convertible Notes. For the Additional Call Option Confirmation, this is equal to the number of additional Convertible Notes in principal amount of $1,000. 13 Insert the initial Conversion Rate for the Convertible Notes. prior to the conversion of the Relevant Convertible Notes but for which settlement has not yet occurred) prior to giving effect to such conversion. For the avoidance of doubt, the Number of Relevant Options may include a fraction of an Option. Free Convertibility Date: March 1, 2025 Expiration Time: The Valuation Time Expiration Date: June 1, 2025, subject to earlier exercise. Multiple Exercise: Applicable, as described under “Automatic Exercise” below. Automatic Exercise: Notwithstanding Section 3.4 of the Equity Definitions, and subject to Section 9(i)(ii), on each Conversion Date in respect of which a Notice of Conversion that is effective as to Counterparty has been delivered by the relevant converting Holder, a number of Options equal to [(i)] the Number of Relevant Options [minus (ii) the Number of Relevant Options that are or are deemed to be automatically exercised on such Conversion Date under the Base Call Option Transaction Confirmation letter agreement dated [ ], 2020 between Dealer and Counterparty (the “Base Call Option Confirmation”),]14 shall be deemed to be automatically exercised; provided that such Options shall be exercised or deemed exercised only if Counterparty or the Trustee (or other agent authorized by Counterparty and previously identified to Dealer by Counterparty in writing) on behalf of Counterparty has provided a Notice of Exercise to Dealer in accordance with “Notice of Exercise” below; provided further that if the Trustee or any other such agent on behalf of Counterparty provides such Notice of Exercise to Dealer, Dealer shall be entitled to rely on the accuracy of such Notice of Exercise without any independent investigation. Notwithstanding the foregoing, in no event shall the number of Relevant Options that are exercised or deemed exercised hereunder exceed the Number of Op...
Sample 1
Number of Relevant Options. With respect to any conversion of a Convertible Note, (x) the Number of Options, multiplied by (y) the principal amount of Relevant Convertible Notes, divided by (z) the principal amount of Convertible Notes outstanding (excluding Convertible Notes that have been converted prior to the conversion of the Relevant Convertible Notes but for which settlement has not yet occurred) prior to giving effect to such conversion. For the avoidance of doubt, the Number of Relevant Options may include a fraction of an Option. Free Convertibility Date: August 1, 2027 Expiration Time: The Valuation Time Expiration Date: November 1, 2027, subject to earlier exercise. Multiple Exercise: Applicable, as described under “Automatic Exercise” below.
Sample 1

Related to Number of Relevant Options

  • Number of Shares As of any date, the product of (i) the Number of Options, (ii) the Conversion Rate and (iii) the Applicable Percentage.

  • Number of Options For each Component, as provided in Annex A to this Confirmation.6 Option Entitlement: One Share Per Option Strike Price: USD [_____] Cap Price: USD [_____]; provided that in no event shall the Cap Price be reduced to an amount less than the Strike Price in connection with any adjustment by the Calculation Agent under this Confirmation.

  • Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Maximum Number of Shares is defined in Section 2.1.4.

  • Share Option Scheme ’ means the share option scheme adopted by the Company on

  • Number or "Identifier" means any number, IP address, e-mail address or other identifier provisioned by Carriers, their agents or the Equipment manufacturer to be used with Service.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Initial Warrant Exercise Date means __________, 1997.

  • Offering Periods means the periods of approximately ---------------- twenty-four (24) months during which an option granted pursuant to the Plan may be exercised, commencing on the first Trading Day on or after May 1 and November 1 of each year and terminating on the last Trading Day in the periods ending twenty-four months later; provided, however, that the first Offering Period under the Plan shall commence with the first Trading Day on or after the date on which the Securities and Exchange Commission declares the Company's Registration Statement effective and ending on the last Trading Day on or before April 30, 2002. The duration and timing of Offering Periods may be changed pursuant to Section 4 of this Plan.

  • Option 2 [ ] An amount equal to the sum of ________% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which does not exceed ________% of the Contributing Participant's Compensation plus ________% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which exceeds ________% of the Contributing Participant's Compensation.

  • Offering Period means a period with respect to which the right to purchase Stock may be granted under the Plan, as determined pursuant to Section 4(a).

  • Offering Price has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Reserved Shares means initially, [ ] Shares. The Reserved Shares may be increased or decreased in a Supplemental Confirmation.

  • Net metering period means the 12-month period following the date of final interconnection of the

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • 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.

  • Approved Share Plan means any employee benefit plan which has been approved by the board of directors of the Company prior to or subsequent to the date hereof pursuant to which Ordinary Shares and standard options to purchase Ordinary Shares may be issued to any employee, officer, director or advisers for services provided to the Company in their capacity as such.

  • Replacement Options has the meaning ascribed thereto in Section 1.1 of the Plan of Arrangement;

  • SARS means the South African Revenue Service.