Reduction Shares definition

Reduction Shares has the meaning set forth in Section 2(d).
Sample 1Sample 2Sample 3
Reduction Shares means 154,663,002 ordinary shares of £0.01 each in the capital of JV Co and 1 deferred share of £0.01 each in the capital of JV Co, being in total 50% of the issued share capital of JV Co;
Sample 1
Reduction Shares has the meaning set forth in Section 12.
Sample 1

Examples of Reduction Shares in a sentence

  • No Party shall be obliged to complete this deed unless the Capital Reduction of all the Reduction Shares is completed simultaneously, in accordance with the Capital Reduction Documents and this deed.


More Definitions of Reduction Shares

Reduction Shares means a number, calculated to five (5) decimal points, equal to the quotient obtained by dividing (i) the Estimated Reduction Amount, by (ii) the Parent Closing Share Price; provided, however, that if the Reduction Amount is equal to zero, the number of Reduction Shares shall be equal to zero.
Sample 1

Related to Reduction Shares

  • Consideration Shares shall have the meaning set forth in Section 2.7(c).

  • Remaining Shares has the meaning set forth in Section 4.1.2.

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

  • Acquisition Shares means the shares of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Aggregate Stock Consideration means a number of shares of Acquiror Common Stock equal to the quotient obtained by dividing (i) (x) the Base Purchase Price less (y) the Aggregate Cash Consideration, by (ii) $10.00.

  • Stock Election Shares shall have the meaning set forth in Section 3.2.1.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Cash Election Shares shall have the meaning set forth in Section 3.2.1.

  • Available Shares means the sum of (i) one hundred fifty thousand (150,000) shares of Common Stock, and (ii) an annual increase on April 1st of each calendar year, beginning in 2022 and ending in 2031 (each a “Date of Determination”), in each case subject to the approval and determination of the Administrator on or prior to the applicable Date of Determination, equal to the lesser of (A) four percent (4%) of the total shares of Common Stock of the Company outstanding on the last day of the immediately preceding fiscal year and (B) such smaller number of shares as determined by the Administrator (the “Share Limit”). Notwithstanding the foregoing, shares added to the Available Shares by the Share Limit are available for issuance as Incentive Stock Options only to the extent that making such shares available for issuance as Incentive Stock Options would not cause any Incentive Stock Option to cease to qualify as such. In the event that the Administrator shall not take action to affirmatively approve an increase in the Share Limit on or prior to the applicable Date of Determination, the Share Limit and Available Shares, shall remain at such level as they were prior to such applicable Date of Determination. For clarity, the Available Shares is a limitation on the number of shares of Common Stock that may be issued pursuant to the Plan.

  • Other Available Shares means, as of any date, the sum of:

  • Minimum Consideration means the $.01 par value per share or such larger amount determined pursuant to resolution of the Board to be capital within the meaning of Section 154 of the Delaware General Corporation Law.

  • Commitment Shares shall have the meaning set forth in Section 12.04.

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Additional Shares shall have the meaning specified in Section 14.03(a).

  • Offering Shares means the Class A Shares sold in the Offering, whether such Class A Shares were purchased in the Offering or in the secondary market following the Offering and whether or not such holders are affiliates of the Sponsor.

  • Interest Share Amount shall have the meaning set forth in Section 2(a).

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • Adjustment Shares shall have the meaning set forth in Section 11(a)(ii) hereof.

  • Put Shares means shares of Common Stock that are purchased by the Investor pursuant to a Put.

  • Maximum Share Amount shall have the meaning set forth in Section 2.01(c).

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

  • Purchase Shares has the meaning set forth in Section 2.5(c).

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.

  • Earn-Out Shares has the meaning provided in Section 2.2(b).