Purchase Option Shares definition

Purchase Option Shares means the units issuable pursuant to the Purchase Option, the Common Stock and warrants included in such units and the Common Stock issuable upon exercise of such warrants.

Purchase Option Shares means the Purchase Option, the units issuable thereof, the Common Stock and warrants included in such units and the Common Stock issuable upon exercise of such warrants.

Purchase Option Shares means the securities underlying the Purchase Option that have been granted registration rights by the Company pursuant to the Purchase Option.

Examples of Purchase Option Shares in a sentence

• When the Registration Statement becomes effective under the Act and when the Purchase Option Units are delivered to and paid for by the Representative in accordance with the terms of the Purchase Option, the Purchase Option Shares will be validly issued, fully paid and non-assessable.

• Buyer hereby acknowledges and agrees that the Registration Rights Agreement to which the Equity Investor or any Assignee is a party shall apply with respect to the Subject Equity Securities and Purchase Option Shares held by the Equity Investor or such Assignee, as applicable, and such Subject Equity Securities and Purchase Option Shares shall constitute Registrable Securities (as defined in the applicable Registration Rights Agreement) under the applicable Registration Rights Agreement, mutatis mutandis.

• The Equity Investor and any Assignee shall be entitled to registration rights in respect of the Subject Equity Securities and Purchase Option Shares acquired by the Equity Investor and such Assignee, as applicable, pursuant to this letter, on the same terms and pursuant to and in accordance with any Registration Rights Agreement, to which Buyer, such Assignee and/or the Equity Investor is a party (as amended, each a “Registration Rights Agreement” and together, the “Registration Rights Agreements”).

• Prior to the Termination Date, Executive shall not (a) subject any of the Purchase Option Shares to, or suffer to exist on any of the Purchase Option Shares, any lien, pledge, security interest, charge or other encumbrance or restriction, other than pursuant to this Agreement, or (b) sell, transfer, assign, convey or otherwise dispose of any of the Purchase Option Shares (including any such action by operation of law), other than a disposition by operation of law pursuant to the Merger.

• In the event that such sale, assignment or transfer involves the Conversion Shares, Shares, or Purchase Option Shares sold, assigned or transferred pursuant to an effective registration statement or pursuant to Rule 144, the transfer agent shall issue such Securities to the Buyer, assignee or transferee, as the case may be, without any restrictive legend.

More Definitions of Purchase Option Shares

Purchase Option Shares means 525,000 shares of Common Stock less an amount equal to 1/36th of such shares for each and every full month which has elapsed from March 15, 1999 until the date Xx. Xxxxxxx Ceases Employment or all such shares are no longer subject to the Purchase Option.

Purchase Option Shares shall have the meaning assigned to such term in Section 4.01(c) of the Purchase Agreement.

Purchase Option Shares has the meaning set forth in the recitals to the Registration Rights Agreement. Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to the Company’s application requesting confidential treatment under Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

Purchase Option Shares. (as defined in Section 7.02(a)) (the "Minimum Condition") on the date of purchase, and (ii) those conditions of the Offer set forth in Annex A hereto. Subject to the prior satisfaction or waiver by Merger Sub of the Minimum Condition and the other conditions of the Offer set forth in Annex A hereto, Merger Sub shall, and Parent shall cause Merger Sub to, accept for payment, and pay for, in accordance with the terms of the Offer, all shares of Company Common Stock validly tendered and not withdrawn pursuant to the Offer on the expiration date of the Offer, as determined in accordance with Section 1.01(b) below. The Offer shall be made by means of an offer to purchase (the "Offer to Purchase") that contains the terms set forth in this Agreement.

Purchase Option Shares has the meaning set forth in the recitals to the Registration Rights Agreement.

Purchase Option Shares means 1,087,500 shares of Common Stock less an amount equal to 1/36th of such shares for each and every full month which has elapsed from March 15, 1999 until the date Mr. Sun Ceases Employment or all such shares are no longer subject to the Purchase Option.

Purchase Option Shares other than in 100 share amounts. The price of both the Firm Shares and any Option Shares shall be $_____ per share. The Company and the Selling Shareholders shall not be obligated to deliver any of the Shares to be delivered on any Delivery Date (as hereinafter defined), as the case may be, except upon payment for all the Shares to be purchased on such Delivery Date as provided herein.