Puttable Shares definition

Puttable Shares means all shares of Common Stock outstanding as of the Record Date.
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Examples of Puttable Shares in a sentence

  • Notwithstanding anything to the contrary contained in this Agreement, the repurchase(s) of the Puttable Options and/or Puttable Shares in accordance with this Section 3 by the Company shall be subject to applicable restrictions and limitations under the Delaware General Corporation Law and in the Company’s and its Subsidiaries’ debt and equity financing agreements, in each case, determined in good faith by the Board, such determination to be binding on all parties.

  • The Company will pay for the Puttable Options and/or Puttable Shares by delivery of a check (or checks) payable to the Participant or one or more of the Participant’s transferees or a wire transfer of immediately available funds.

  • To the extent the Participant is exercising the Put Right with respect to the Puttable Shares, the Company shall be required to repurchase such Shares at a price per share equal to the Fair Market Value thereof determined by the Board on the date of the Put Closing (as defined in Section 3(c) below) after taking due consideration of (but not being bound by) the Formula Price (as defined below).

  • If the Independent Appraiser’s determination of Fair Market Value exceeds the Fair Market Value as determined by the Board, the repurchase price for the Puttable Shares and the Puttable Options shall instead be determined using either the Fair Market Value determined by the Independent Appraiser, or, if the Fair Market Value determined by the Independent Appraiser exceeds the Formula Price, the Formula Price.

  • Pursuant to the Put Right, the Participant may elect to exercise his right to require the Company to purchase all or any portion of the Puttable Options or Puttable Shares by delivering written notice or notices (each, a “Put Notice”) to the Company.

  • If any such restrictions or limitations prohibit the repurchase by the Company of the Puttable Options and/or Puttable Shares for cash, the Put Right will be suspended, and the Company shall make such repurchases in cash as soon as it is permitted to do so under such restrictions.

  • In the event the trading price of the Blaize Shares is below $1.50 for five (5) out of thirty (30) consecutive trading days (the “Triggering Event”), the Investor may elect to exercise its Put Option for all remaining Puttable Shares as of such date.

  • If the Investor has elected to have only a portion of the Puttable Shares repurchased, the Company shall cause its book entry records for the Reserved Blaize Shares to be updated to reflect the repurchase of such portion of Puttable Shares.

  • The Guarantee Note shall be secured by the Puttable Shares (the “Note Collateral”), which shares shall, in the event of a default under the Guarantee Note, be released from the Share Escrow Account and distributed to the Investor in accordance with Section 4 and the terms of the Guarantee Note and the Share Escrow Agreement.

Related to Puttable Shares

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Note Shares means the shares of Common Stock issuable upon conversion of the Notes.

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

  • Series C Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series C, of the Company.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.