Preemptive Portion definition

Preemptive Portion shall have the meaning set forth in Section 6.1.
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Preemptive Portion means, with respect to a Preemptive Rightholder, a fraction, the numerator of which shall be the aggregate number of Ordinary Shares held by such Preemptive Rightholder (including all Preferred Shares held by such Shareholder on an as-converted to Ordinary Share basis) and the denominator of which shall be the total number of Ordinary Shares held by all Preemptive Rightholders (including all Preferred Shares held by such Shareholders on an as-converted to Ordinary Share basis) then outstanding immediately prior to the issuance of the Company Securities specified in the Issuance Notice.
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Preemptive Portion has the meaning set forth in Section 12.1(c).
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Examples of Preemptive Portion in a sentence

  • Each Pre-emptive Rights Holder shall have twenty (20) Business Days from the date of such Issuance Notice (the “Exercise Period”) to agree to purchase up to such Pre-emptive Rights Holder’s Pre-emptive Portion of such New Securities for the price and upon the terms and conditions specified in the Issuance Notice by giving written notice to the Company and stating the quantity of New Securities it wishes to purchase.

  • Notwithstanding anything in this Article III to the contrary, in the event that any issuance of New Securities is to be made pursuant to an underwritten Public Offering, the Pre-emptive Stockholders shall have the right to purchase up to their Pre-emptive Portion in accordance with the following procedures.

  • Medical Protection System (MEDPROS) Individual Medical Readiness (IMR) Record dated within the last 90 days.

  • Subject to Section 5.05(g) below, each Preemptive Rightholder shall be entitled to purchase up to its Preemptive Portion of the Company Securities proposed to be issued, at the price and on the terms specified in the Issuance Notice.

  • The Preemptive Portion shall be pro rated among the Purchasers with respect to each issuance of New Securities based on each Purchaser’s Pro Rata Interest.

  • Subject to Article 9(e) below, each Preemptive Rightholder shall be entitled to purchase up to its Preemptive Portion of the Company Securities proposed to be issued, at the price and on the terms specified in the Issuance Notice.

  • Each Preemptive Rightholder who desires to purchase any or all of its Preemptive Portion of the Company Securities specified in the Issuance Notice shall deliver notice to the Company (each, an “ Exercise Notice”) of its election to purchase such Company Securities within 30 Business Days of receipt of the Issuance Notice.

  • Subject to ‎Section 4.03‎(e) below, each Preemptive Rightholder shall be entitled to purchase up to its Preemptive Portion of the Company Securities proposed to be issued, at the price and on the terms specified in the Issuance Notice.

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  • The Compensation Committee shall within ninety (90) days after effectiveness of the Preemption Notice send to the Company a written notice which specifies the name of each employee to whom the Compensation Committee has delegated the right to purchase Subject Securities and the number of shares of Subject Securities allocated to such employee (not to exceed as to all such employees the Preemptive Portion of the total amount of Subject Securities to be included in the Issuance).


More Definitions of Preemptive Portion

Preemptive Portion means an amount equal to (x) the number of Additional Securities proposed to be issued multiplied by (y) a fraction, the numerator of which is the number of Class A Units held by the Applicable Holder and their Permitted Transferees and the denominator of which is the number of then issued and outstanding Class A Units.
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Preemptive Portion means, with respect to a Preemptive Rightholder, a fraction, the numerator of which shall be the aggregate number of all Preferred Shares held by such Shareholder on an as-converted basis and the denominator of which shall be the total number of all Preferred Shares then outstanding held by all Preemptive Rightholders on an as-converted basis immediately prior to the issuance of the Company Securities specified in the Issuance Notice.
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Preemptive Portion. Section 8.1 "Preemptive Purchaser Offerees" Section 8.1 "Prime Rate" Section 4.1.2 "Proposed Buyer" Section 5; 6.1 "Proposed Fund Seller" Section 5; 6.1 "Public Offering" Section 7.1 "Purchase Agreement" Recitals "Requesting Majority Holders" Section 5.5 "Sale" Section 5; 6.1 "Sale Percentage" Section 5; 6.1 "Subject Securities" Section 8.1 "Tag Along Notice" Section 6.1 "Tag Along Offerees" Section 6.1 "Transfer" Section 3.1
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Preemptive Portion. Section 7.1.1 "Prospective Buyer" Section 3.1, 3.2 "Prospective Subscriber" Section 7.1.1 "Put Agreements" Section 2.16 "Registrable Investor Securities" Section 9.1.1 "Registrable Lender Securities" Section 9.1.3 "Registrable Subscriber Securities" Section 9.1.2
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Preemptive Portion has the meaning assigned to it in Section 10.1 hereof.
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Preemptive Portion shall have the meaning set forth in Section 3.5(a). “Preemptive Pro Rata Percentage” means, at any time, the percentage obtained by dividing the total number of Units then held by the applicable holder by the aggregate number of Units then held by all of the Unitholders who are Accredited Investors. “Preemptive Securities” shall have the meaning set forth in Section 3.5(a).
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Related to Preemptive Portion

  • Preemptive Right has the meaning set forth in Section 5.1 hereof.

  • Remaining Shares has the meaning set forth in Section 4.1.2.

  • Unsubscribed Shares means the Rights Offering Shares that have not been duly purchased by the Rights Offering Participants in accordance with the Rights Offering Procedures and the Plan.

  • Offered Shares has the meaning set forth in Section 3.02(a).

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Public Share means a Class A Share issued as part of the units (as described in the Articles) issued in the IPO.

  • Rights Offering Shares means, collectively, the shares of New Common Stock issued in the Rights Offering.

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Initial Shares means a number of Registrable Securities equal to the lesser of (i) the total number of Registrable Securities and (ii) one-third of the number of issued and outstanding shares of Common Stock that are held by non-affiliates of the Company on the day immediately prior to the filing date of the Initial Registration Statement.

  • 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.

  • Put Right has the meaning set forth in Section 8.05(a).

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.