Reacquired Shares definition

Reacquired Shares has the meaning specified in Section 5.6(a)(6).
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Reacquired Shares means Shares, if any, reacquired by the Company on the open market with the Option Proceeds, provided that the aggregate of such Reacquired Shares may not exceed fifty percent (50%) of the aggregate Shares (excluding Reacquired Shares) authorized in Section 3.
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Reacquired Shares means Shares, if any, reacquired by the Company on the open market, but which shall not, at the time of reference, exceed, in the aggregate, the lesser of (i) Shares having an aggregate purchase price equal to the Option Proceeds at such time of reference, and (ii) fifty percent (50%) of the aggregate Shares (excluding Reacquired Shares) authorized in the first paragraph of Section 5, as it may be in effect at such time of reference.
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Examples of Reacquired Shares in a sentence

  • Reacquired Shares Any shares of Series C Preferred Stock purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof.

  • In addition, the Reacquired Shares are subject to certain voting obligations pursuant to a Stockholders Agreement to which you are a party with the two principal stockholders of the Company.

  • Furthermore, the sale of a significant quantity of the Reacquired Shares in a foreclosure, private placement or market sale could only be made at a significant discount from market, especially since they represent only a minority interest in the Company in which a majority of the outstanding shares of Common Stock are owned by two related stockholders.

  • In 1961 the legal sales of CNS stimulants were 33 million pills and it was decreased to 5 millions in 1965 which lead to the illegal importation of the drugs and also increased the number of abusers (CAN 1993).The second drug commonly abused in Sweden was cannabis (marijuana and hashish).

  • You acknowledge that the Reacquired Shares are "restricted securities," are not registered for resale under the Securities Act of 1933, as amended (the "Securities Act"), and, therefore, may only be sold in a private placement to a limited number of qualified purchasers or under Rule 144 ("Rule 144") promulgated by the Securities and Exchange Commission (the "SEC") under the Securities Act in limited quantities and otherwise in compliance with that Rule.

  • The Promissory Note is secured by the Reacquired Shares and an additional 500,000 shares of the Company's Common Stock pursuant to a Security Agreement dated July 22, 2004 between the undersigned and you.

  • Greenstein 290 N.E. 68th Street 3738 Gulfstream Way Miami, Florida 33138 Davie, Florida 33026 The undersigned hereby agrees to reacquire from you 250,000 shares of Common Stock, $.025 par value per share (the "Reacquired Shares"), of DRYCLEAN USA, Inc.

  • As a result, the principal amount of the Promissory Note has been reduced to $375,000 and Reacquired Shares are hereby released from the lien created under such Security Agreement (reducing the number of shares of the Company's Common Stock subject to such lien to 500,000 shares).

  • Such Reacquired Shares may be purchased by any such AP or APCOA management employee at the same price and upon the same terms (including any later adjustment to the price required by Section 4.2 or 4.4 hereof) as the prior purchase by AP and/or Holbxxx xxxsuant to Section 2 or 3 or 4 hereof.

  • The National Council, in partnership with Johns Hopkins University Bloomberg School of Public Health, is currently conducting research to measure the skills, knowledge and confidence in providing teen Mental Health First Aid to a peer and actual usage of teen Mental Health First Aid by young people after taking the course.


More Definitions of Reacquired Shares

Reacquired Shares means Shares, if any, which are (i) delivered to the Company in full or partial payment of the Option Price of an Option, (ii) reacquired by the Company on the open market with the Option Proceeds, or (iii) designated by the Board as being deemed to have been reacquired as Reacquired Shares from authorized but unissued or treasury Shares as of a specific future date and at the deemed reacquisition price on the deemed reacquisition date; provided, in each case described in (ii) or (iii), that such reacquisition is specifically approved and directed in writing by the Board, and that, in the case of (iii) the deemed reacquisition price shall be the Fair Market Value of the Shares on the deemed reacquisition date; and provided, finally, that the aggregate of such Reacquired Shares may not exceed seventy-five percent (75%) of the aggregate Shares (excluding Reacquired Shares) authorized in SECTION 3, as SECTION 3 is amended at the time of reference.
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Related to Reacquired Shares

  • Acquired Shares has the meaning set forth in the Recitals.

  • Issued Shares means, collectively, all outstanding Shares issued pursuant to Restricted Stock Awards, all outstanding Shares issued pursuant to Unrestricted Stock Awards, and all Option Shares.

  • Unvested Shares means "Unvested Shares" as defined in the Award Agreement.

  • Transferred Shares means all or any portion of a Member’s Shares that the Member seeks to Transfer.

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Company Shares means the common shares in the capital of the Company;

  • Settlement Shares With respect to any Settlement Date, a number of Shares, not to exceed the Base Amount, designated as such by Party B in the related Settlement Notice or by Party A pursuant to “Termination Settlement” below; provided that on the Maturity Date the number of Settlement Shares shall be equal to the Base Amount on such date.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Purchased Stock means a right to purchase Common Stock granted pursuant to Article IV of the Plan.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Converted Shares means the Subject Equity Shares resulting from the conversion of Limited Voting Shares into the Subject Equity Shares pursuant to subparagraph (ii);

  • Retained Shares has the meaning set forth in the recitals.

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Exchange Shares has the meaning set forth in Section 2.01(b).

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • ASA Shares has the meaning set forth in 2.4(a).

  • Shares means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement.

  • Common Shares means the common shares in the capital of the Corporation;

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Sold Shares shall have the meaning specified in Section 6.