Payment Shares definition

Payment Shares has the meaning set forth in Section 2.02;

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Payment Shares means shares of Common Stock issued by the Company as provided in Section 2(b) below.

Payment Shares has the meaning set forth in Section 3.01(b).

Examples of Payment Shares in a sentence

• The Payment Shares shall be restricted stock, and the statement of account shall contain a legend reflecting applicable restrictions on transfer.

• The Payment Shares shall be issued in book-entry at the Optionee’s transfer agent and the Optionor shall receive a statement of account reflecting the issuance of the Payment Shares upon their issuance.

• The percentage increase in the uranium spot price over such measurement period is the “Spot Price Increase Percentage.” Within ten (10) days from the Closing, the Optionee shall issue to the Optionor a number of additional Payment Shares that is equal to the product of (i) fifty percent (50%) of the Spot Price Increase Percentage multiplied by the (ii) number of Base Payment Shares.

• The Optionor shall be entitled to receive additional Payment Shares based on the increase in the uranium spot price over the period between the Effective Date and the day prior to the closing of the acquisition of the Property by Optionee under this Agreement (the “Closing”) as described in § 11 below.

• The Optionor hereby grants to the Optionee the sole, exclusive option to acquire the Equity Interests of the Subsidiary (the “Option”), subject to the reservation or grant of the NSR, in consideration for the delivery of an up-front cash payment, the issuance of the Payment Shares at the Listing (as defined below) and the payment of the Deferred Consideration.

More Definitions of Payment Shares

Payment Shares means Restricted Payment Shares or Make-Whole Payment Shares.

Payment Shares means (i) Default Shares (as defined in the Debenture), (ii) Interest Payment Shares (as defined in the Debenture) and (iii) shares issuable upon conversion of Failure Payments and other Required Cash Payments (as each is defined in the Debenture) into Common Stock of the Company. The Payment Shares shall be treated as Common Stock issuable upon conversion of the Debentures for all purposes hereof and thereof and shall be subject to all of the limitations and afforded all of the rights of the other shares of Common Stock issuable hereunder, including without limitation, the right to be included in the Registration Statement (as defined in the Registration Rights Agreement) filed pursuant to the Registration Rights Agreement.

Payment Shares has the meaning ascribed to it in Section 2.3(a) of this Agreement;

Payment Shares means an Award granted to a Participant pursuant to Article 8 (other than Restricted Stock) in lieu of cash compensation otherwise payable to the Participant under the compensation plans and arrangements of the Company.

Payment Shares means Ordinary Shares issued as payment pursuant to Section 7 of the Notes.

Payment Shares has the meaning attributed thereto in Section 2.3(a);

Payment Shares means that portion of the Shares that the Company delivers to Holder to pay this Note pursuant to Section 3.