Principal Shares definition

Principal Shares is defined in Section 7.1.

Principal Shares means the 4,550,000 presently issued restricted shares in the common stock of the Company held by the Principal Shareholder to be transferred to Nano and its nominees as described in paragraph 2.5.

Principal Shares means the 36,000,000 presently issued restricted common shares of the Purchaser to be transferred to the Vendor as described in paragraph 2.5.

Examples of Principal Shares in a sentence

• As the Shareholders will have invested in the LGFA on the basis of this limited dividend, the Board considers that at establishment the commercial value of LGFA is equal to the face value of the Shareholders’ paid up Principal Shares - $25 million.

• In the absence of any subsequent share transfers to the observed share transfers on 30 November 2012, the Board considers the current commercial value of LGFA is at least equal to the face value of the Shareholders’ paid up Principal Shares of $25 million.

• BPA dividend entitlements are paid in arrears on a quarterly basis.In addition, the Company has a future right to purchase the BPA Principal Shares (“BPA Call Options”) and individual BPA Principals have a future right to require the Company to purchase the BPA Principal Shares (collectively, the “BPA Put Options”), subject to the satisfaction of certain terms and conditions and by giving notice to the Company.

• In the absence of any subsequent share transfers to the observed share transfers on 30 November 2012, the Board considers the current commercial value of LGFA is at least equal to the face value of the Shareholders’ paid up Principal Shares - $25 million.

• The Company is entitled to a priority on the payment of dividends declared on the BPI dividend-bearing shares to the extent of a specified earnings amount.In addition, the Company has a future right to purchase the BPI Principal Shares (“BPI Call Options”) and individual BPI Principals have a future right to require the Company to purchase the BPI Principal Shares (collectively, the “BPI Put Options”), subject to the satisfaction of certain terms and conditions and by giving notice to the Company.

More Definitions of Principal Shares

Principal Shares means the number of fully paid and non-assessable shares ---------------- of Common Stock obtained by dividing the amount of Principal on the Notes due on the Maturity Date by the Conversion Price.

Principal Shares means the “Shares” as defined in the Principal Sale Agreement;

Principal Shares means the 24,222,750 presently issued restricted common shares of FC to be surrendered for cancellation by the Principal Shareholders as described in paragraph 2.2.

Principal Shares means the 30,000,000 shares of common stock of Horizon to be surrendered for cancellation by the Principal Shareholder under paragraph 2.3 of this Agreement immediately prior to Closing.

Principal Shares means the 50,000,000 presently issued restricted shares in the common stock of Dane held by the Principal Shareholder;

Principal Shares means the number of shares equal to (1) the Principal Amount divided by (2) the average of the Closing Price of the Common Stock for each Trading Day in the five consecutive Trading Day period immediately following the Conversion Date and appropriately adjusted to take into account the occurrence, during such five consecutive Trading Day period, of any event requiring adjustment of the Conversion Price under this Indenture."

Principal Shares means the Principal Shares issued pursuant to this Act.