Release Shares definition

Release Shares means each of the 280,000 BCGU Shares, the 1,100,000 Fourth Third Shares and, if and when issued, the 1,000,000 Kxxxxx Shares.
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Release Shares means 2,117,647 shares of Common Stock.
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Release Shares means 2,117,647 shares of Common Stock. “Rights Period” shall mean the period between the Final Closing and the earliest to occur of (i) the first date that the Investor Shares constitute no more than ten (10) percent of the Company’s outstanding Common Stock (on a fully diluted basis assuming exercise or conversion of all options, warrants, conversion rights and other rights exercisable for or convertible into Common Stock), (ii) the first date after January 1, 2010 that the market price of the Common Stock has exceeded $4.50 (adjusted for stock splits, consolidations and similar transactions) for 60 consecutive trading days, and (iii) the closing of the sale of substantially all of the assets of the Company, a merger involving the Company in which the shareholders of the Company prior to the transaction own less than 50% of the surviving entity or a similar change of control transaction. “SEC Filings” has the meaning set forth in Section 4.6. “Shareholder Rights Plan Agreement” means the Amended and Restated Shareholder Rights Plan Agreement dated October 15, 1999 between the Company and Equity Transfer Services, as rights agent, as amended by Amendment No. 1 to Amended and Restated Shareholders Rights Plan Agreement dated September 30, 2008. “Shares” means the sum of the Purchase Shares and the Release Shares. “Subsidiary” means a Person of which the Company holds, directly or indirectly, more than 40% of the outstanding equity interests. “Transaction Documents” means this Agreement and the Amendment. “Transfer Agent” means Equity Transfer Services and Trust Company or the successor transfer agent of the Company. “1933 Act” means the Securities Act of 1933, as amended, or any successor statute, and the rules and regulations promulgated thereunder. “1934 Act” means the Securities Exchange Act of 1934, as amended, or any successor statute, and the rules and regulations promulgated thereunder. 2. Issuance of the Release Shares and Purchase and Sale of the Purchase Shares. Subject to the terms and conditions of this Agreement, on the Initial Closing Date the Company shall issue to the Investor the Release Shares, and on the Final Closing Date the Investor shall -5-
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Examples of Release Shares in a sentence

  • Upon delivery of the Additional Initial Shares in accordance with the requirements of the immediately preceding sentence, the Pledgee will return to the Pledgors the Initial Release Shares, so long as, at the time of such delivery of the Additional Initial Shares, the product of (i) the sum of the number of Initial Pledged Shares and the number of Additional Initial Shares, less the number of Initial Release Shares, and (ii) the Market Price as of such date, is equal to or in excess of $13,000,000.

  • Insured patients would gain from reductions in both inpatient and outpatient incidence of influenza-caused treatment through reduced coinsurance and copayments for the treatments they would otherwise receive.

  • The Parties intend that the Exchange Shares and Release Shares shall be restricted shares, and such issuances shall be exempt from the registration requirements of the Securities Act pursuant to Section 4(2) of the Securities Act to the Seller and the rules and regulations promulgated thereunder.

  • Such notice (a "Release Notice") shall specify the number of Specified Release Shares proposed to be sold, the price (net of sales commissions) at which such Specified Release Shares are to be sold, and the proposed acquiror of such Specified Release Shares.

  • Subject to the terms and conditions of this Agreement, on the Initial Closing Date the Company shall issue to the Investor the Release Shares, and on the Final Closing Date the Investor shall purchase, and the Company shall sell and issue to the Investor, the Purchase Shares, in the case of each such Closing Date in exchange for the consideration described herein.

  • INITIAL RELEASE SHARES: The Initial Release Shares consist of the Gold & Appex Xxxres.

  • The Early Release Shares were issued to the Vendors of RMA on the 16 February 2017.

  • Buyer’s Option to Purchase Certain Release Shares 25 Section 6.06.

  • XxXxxxx hereby agrees to provide ------------------------------ prompt written notice to Xx. Xxxxx of any sale or transfer of any portion of the Release Shares less the HB Shares, but in no event later than 48 hours after such a sale is completed.

  • Gorst's timely tender of the Release Shares shall be sufficient to invoke the releases contained herein regardless of the actual timing of the receipt of the certificates for such shares by XxXxxxx.


More Definitions of Release Shares

Release Shares as defined in subsection 1. 1. 3
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Related to Release Shares

  • Purchase Shares has the meaning set forth in Section 2.2(a) hereof.

  • Consideration Shares has the meaning ascribed thereto in Section 2.2.

  • Released Securities means securities that were Restricted Securities with respect to which all applicable restrictions have expired, lapsed, or been waived.

  • Founders’ Shares means 1,000 shares with a par value of $1 per share, 500 of which were issued to MACRO Securities Depositor, LLC and 500 of which were issued to Claymore Securities, Inc., in exchange for the Initial Deposit.

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Escrowed Shares has the meaning set forth in Section 2.4.

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

  • Put Shares means all shares of Common Stock issued, or that the Company shall be entitled to issue, per any applicable Put Notice in accordance with the terms and conditions of this Agreement.

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

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

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

  • 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.

  • Forward Purchase Shares shall have the meaning given in the Recitals hereto.

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

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

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

  • Stockholder Shares means the shares of common stock of the Company issued or issuable to the Stockholder in accordance with the terms and conditions of the Reorganization Agreement, and any securities of the Company issued as a dividend on or other distribution with respect to, or in exchange for or replacement of, such common stock.

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

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Coop Shares Shares issued by a Cooperative Corporation.

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

  • notice shares means, in relation to a notice of dissent, the shares in respect of which dissent is being exercised under the notice of dissent;

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

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

  • 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.

  • Convertible Debentures means any convertible subordinated debentures or notes created, issued or assumed by the Borrower which have all of the following characteristics: