Purchaser Stock Consideration means the number of shares of Purchaser Common Stock or Sorrento Common Stock, as applicable, equal to the quotient obtained by dividing (a) the Estimated Purchase Price by (b) the applicable Per Share Price, rounded down to the nearest whole share.

Purchaser Stock Consideration shall have the meaning set forth in Section 2.2(b).

Purchaser Stock Consideration means the shares of Purchaser Series A-1 Preferred Stock and Purchaser Common Stock to be issued by the Purchaser to the Securityholders under this Agreement.

Examples of Purchaser Stock Consideration in a sentence

Each Seller acknowledges that it is financially sophisticated, able to fend for itself, can bear the economic risk of its investment, and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the investment in the Purchaser Stock Consideration.
For avoidance of doubt, if the Estimated Net Debt is a positive number, then no Net Debt-related adjustment shall be made to the Purchaser Stock Consideration.
By executing this Agreement, each Seller represents that such Seller does not have any contract, undertaking, agreement or arrangement with any Person to sell, transfer or grant participations to such Person or to any third Person, with respect to the Purchaser Stock Consideration.
Each Seller believes that such Seller has received all the information such Seller considers necessary or appropriate for deciding whether to invest in the Purchaser Stock Consideration.
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More Definitions of Purchaser Stock Consideration

Purchaser Stock Consideration means, collectively, the Purchaser Common Stock Consideration and the Purchaser Preferred Stock Consideration.

Purchaser Stock Consideration means the Purchase Consideration, minus the Cash Consideration, minus the Indebtedness Pay-Off Amount, in shares of Purchaser Common Stock valued at $4.00 per share.

Purchaser Stock Consideration is defined in Section 1.2(a)(vi).

Purchaser Stock Consideration means the number of shares of Purchaser Common Stock determined by dividing $48,000,000.00 by the Purchaser Common Stock Price.

Purchaser Stock Consideration means any Purchaser Common Stock issued pursuant to the terms hereof (including pursuant to Schedule I to this Agreement).

Purchaser Stock Consideration has the meaning specified in Section 3.1(a).

Purchaser Stock Consideration means 3,400,000 shares of Purchaser Common Stock; provided, that, (A) if the Maximum Cash Usage Amount equals or exceeds $3,500,000, such number of shares may be increased from 3,400,000 to a number of shares no greater than 19.9% of the issued and outstanding shares of Purchaser Common Stock immediately prior to the Agreement Date, at the option of Purchaser in its sole discretion in order to achieve a plan of reorganization pursuant to Section 368(a)(1)(C) of the Code; and (B) in the event that the Closing has not occurred on or before July 7, 2020 and the Maximum Cash Usage Amount is below $3,500,000, Purchaser shall, if so requested by Seller, increase such number of shares to a number not to exceed 3,630,000 in the aggregate in order to achieve a plan of reorganization pursuant to Section 368(a)(1)(C) of the Code.