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
The issuance and delivery by the Purchaser of the Purchaser Stock Consideration to the Beneficial Sellers and the Promised Optionholders does not require any vote or other approval or authorization of any holder of any securities of Purchaser (other than the Seller Entity pursuant to Section 2.1(c)).
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 has the meaning specified in Section 3.1(a).
Purchaser Stock Consideration is defined in Section 1.2(a)(vi).
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.
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 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 means the number of shares of Purchaser Common Stock determined by dividing $48,000,000.00 by the Purchaser Common Stock Price.