Ordinary Share Equivalent definition

Ordinary Share Equivalent means any convertible security or warrant, option or other right to subscribe for or purchase any Ordinary Shares or any convertible security convertible into Ordinary Shares.

Ordinary Share Equivalent means any security or obligation that is by its terms convertible into or exchangeable or exercisable for Ordinary Shares or other share capital of the Group Companies and any option, warrant or other subscription or purchase right with respect to Ordinary Shares or such other share capital, including but not limited to the Exchangeable Notes and excluding any options granted pursuant to the ESOP and each Golden Share.

Ordinary Share Equivalent shall have the meaning set forth in Section 11(a)(iii) hereof.

Examples of Ordinary Share Equivalent in a sentence

• The Company shall at all times reserve and keep available, out of its authorized but unissued Ordinary Shares, such number of Ordinary Shares as shall from time to time be sufficient, for the purpose of (a) effecting the conversion of the Series A Preferred Shares, and (b) issuing shares upon the exercise, conversion or exchange of any Ordinary Share Equivalent.

• For purposes of this Section 11(a)(iii), the value of the Ordinary Shares shall be the Current Market Price (as determined pursuant to Section 11(d) hereof) per Ordinary Share on the Flip-in Trigger Date and the value of any Ordinary Share Equivalent shall be deemed to be the same as the value of the Ordinary Shares on such date.

• If a Preferred Shareholder does not consider that the Attributed Value represents a fair per Share value for the Applicable Preferred Shareholder Shares, such Preferred Shareholder, without prejudice to any other rights to which they may be entitled, shall be entitled to appoint a qualified person from a reputable independent auditors firm (the “Expert”) to determine what constitutes the fair value of each Share in the Company and each Ordinary Share Equivalent (the “Fair Value”).

• For purposes of this Section 11(a)(iii), the value of each Adjustment Share shall be the Current Market Price per share of the Ordinary Shares on the Section 11(a)(ii) Trigger Date and the per share or per unit value of any Ordinary Share Equivalent shall be deemed to equal the Current Market Price per share of the Ordinary Shares on such date.

• For purposes of this Section 11(a)(iii), the value of the Ordinary Shares will be the Current Per Share Market Price of the Ordinary Shares on the Section 11(a)(ii) Trigger Date and the value of any Ordinary Share Equivalent will be deemed to have the same value as the Ordinary Shares on such date.

More Definitions of Ordinary Share Equivalent

Ordinary Share Equivalent means any securities of the Company that would entitle the holder thereof to acquire at any time Ordinary Shares, including, without limitation, any debt, preference shares, rights, options, warrants, share appreciation rights, restricted share units or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Ordinary Shares.

Ordinary Share Equivalent means any Convertible Security or warrant, option or other right to subscribe for or purchase any Additional Ordinary Shares or any Convertible Security.

Ordinary Share Equivalent means any share or security convertible or exchangeable solely for Ordinary Shares or any option, warrant or right exercisable solely for Ordinary Shares.

Ordinary Share Equivalent means all options, warrants and other securities convertible into, or exchangeable or exercisable for (at any time or upon the occurrence of any event or contingency and without regard to any vesting or other conditions to which such securities may be subject), Ordinary Shares.

Ordinary Share Equivalent means any option to purchase any Ordinary Shares or any other security or obligation that is by its terms, directly or indirectly, convertible into or exchangeable or exercisable for Ordinary Shares, and any option, warrant or other right to subscribe for, purchase or acquire Ordinary Shares or Ordinary Share Equivalents (disregarding any restrictions or limitations on the exercise of such rights).

Ordinary Share Equivalent means any security or obligation which is by its terms convertible into or exchangeable or exercisable for Ordinary Shares or other share capital of the Company, including this Note and any option, warrant or other subscription or purchase right with respect to Ordinary Shares or such other share capital.

Ordinary Share Equivalent means, with respect to any shareholder of the Company, Ordinary Shares owned by such shareholder together with the Ordinary Shares into or for which any issued and outstanding Preferred Shares or any other issued and outstanding convertible securities (excluding, for the avoidance of doubt, unexercised options or warrants) owned by such shareholder shall be convertible.