Partially Diluted Basis definition
Partially Diluted Basis means the sum of (i) the total number of Company Shares beneficially owned by RS and (ii) the total number of Company Shares into which the Series A Preferred Shares beneficially owned by RS would be converted, assuming all Preferred Shares held by RS on any applicable date were converted into Company Shares as of the Mandatory Conversion Date, and outstanding Company Shares shall be determined based on the sum of (x) the number of outstanding Company Shares as of the date of determination and (y) the number of Company Shares that would be issued on conversion of the Series A Preferred Shares, assuming all Preferred Shares held by RS on any applicable date were converted into Company Shares as of the Mandatory Conversion Date.
Partially Diluted Basis means the sum of (i) the total number of Common Shares beneficially owned by the Shareholder and (ii) the total number of Common Shares into which the Preferred Shares beneficially owned by the Shareholder are convertible as of the Mandatory Conversion Date (as defined in the Company's Articles), and outstanding Common Shares shall be determined based on the sum of (x) the number of outstanding Common Shares as of the date of determination and (y) the number of Common Shares issuable on conversion of the Preferred Shares as of the Mandatory Conversion Date;
Partially Diluted Basis means the number of shares of Common Stock of the Company calculated assuming the exercise or conversion of all securities held by RCF that are exercisable for or convertible into Common Stock and excluding the exercise or conversion of all securities held by any other Person that are exercisable for or convertible into Common Stock.
Examples of Partially Diluted Basis in a sentence
This Agreement shall continue indefinitely unless terminated by mutual written consent of the Parties and will immediately terminate if the Shareholders cease to beneficially own in the aggregate at least 20% of the outstanding Shares (calculated on a Partially Diluted Basis).
Any calculation of Shareholder's equity interests will be based on the determination of such equity interests on a Partially Diluted Basis at the relevant time.
Any calculation of Shareholder’s equity interests will be based on the determination of such equity interests on a Partially Diluted Basis at the relevant time.
More Definitions of Partially Diluted Basis
Partially Diluted Basis means, with respect to any calculation of the number of shares of Voting Stock of any Person held by another Person at any time, the sum of:
Partially Diluted Basis means, with respect to the number of outstanding Class B Shares at any time, the number of Class B Shares that would be outstanding assuming all outstanding options for Class B Shares and other rights to purchase Class B Shares (other than Rights) have been exercised (including the exercise of the COM Canada Warrants for Class B Shares), but not assuming the exercise of the Warrants or conversion of Class A Shares;
Partially Diluted Basis means, with respect to the number of outstanding Osisko Shares at any time, the number of Osisko Shares that would be outstanding if all “in-the-money” (based on the Offer Consideration) Convertible Securities were exercised;
Partially Diluted Basis means after giving effect to the exercise, conversion or exchange of any securities exercisable for, convertible into or exchangeable for Shares (including, without limitation, all Share Rights) beneficially owned by Osisko.
Partially Diluted Basis means a calculation based on the applicable fraction calculated by taking all Voting Shares and Conversion Shares held by the Lender and its Affiliates as the numerator and all of the current issued and outstanding Voting Shares of the Borrower plus any Conversion Shares held only by the Lender and its Affiliates as the denominator.
Partially Diluted Basis means the sum of (i) all shares of Common Stock outstanding as of the date hereof plus (ii) all shares of Common Stock (“Underlying Shares”) issuable on conversion or exercise of securities outstanding as of the date hereof which are convertible into or exercisable for Common Stock, including pursuant to this Warrant, having a conversion or exercise price equal to or less than one hundred and fifteen percent (115%) of the Fair Market Value (as defined in Section 1.2 hereof) plus (iii) all shares of Common Stock and all Underlying Shares issued by the Company in connection with the first $2,000,000 in gross proceeds from equity financings consummated subsequent to the date hereof. As of the date of this Warrant, this Warrant is exercisable for 12,827,296 shares of Common Stock (the “Warrant Shares”). Notwithstanding adjustments to the Specified Number from time to time, once shares of Common Stock are issued upon exercise hereunder to the Holder of this Warrant, the Company shall have no claim, and hereby waives, any potential claim to return of such shares of issued Common Stock.”
Partially Diluted Basis means the issued and outstanding equity interests of the Corporation calculated on a fully-diluted basis after giving full effect to the Acquisition and the Subscription, but without taking into account (i) the exercise of stock options of the Corporation issued under the Option Plan to employees, contractors, consultants, service providers of the Corporation and the option agreement signed by [commercially sensitive information redacted], (ii) the Coinsquare Shares issuable on exercise of the Warrant, (iii) the Coinsquare Shares issuable on conversion of the Class B units of the Corporation issued to [commercially sensitive information redacted], or (iv) the issue of any Coinsquare Shares in connection with the Subscription pursuant to the pre-emptive right under Article 5 of the Existing Shareholder Agreement, or substantially similar rights under agreements between the Corporation and certain shareholders of the Corporation who hold in the aggregate less than 2% of the outstanding Coinsquare Shares.