Relevant Ordinary Shares definition
Relevant Ordinary Shares means (i) prior to an IPO Event, shares of any Class and (ii) on or following an IPO Event, ordinary voting shares in the capital of the Issuer (or, in the event of an Exempt Newco Scheme, the ordinary shares of the Newco) which form part of the same class of ordinary shares which are admitted to trading as described in the definition of IPO Event.
Relevant Ordinary Shares means, at any time, the number of Ordinary Shares issuable under this Warrant upon the occurrence of any Exercisability Event that will result in TZE owning 23.53 % of the Company’s total equity interests, calculated as follows:
Relevant Ordinary Shares means the A Ordinary Shares and the B Ordinary Shares;
More Definitions of Relevant Ordinary Shares
Relevant Ordinary Shares means, at any time, the number of Ordinary Shares issuable under this Warrant upon the occurrence of any Exercisability Event that will result in TZE owning 23.53 % of the Company’s total equity interests, calculated as follows: Where: A = the number of outstanding Ordinary Shares of the Company held by ▇▇▇ as of the Date of Issuance; B = the number of Ordinary Shares that have been issued to the Holder under this Warrant and pursuant to the A&R Option Agreement prior to the time of determination; C = the number of Ordinary Shares issuable to the Holder in connection with the occurrence of such Exercisability Event under the Warrant in order that the Holder would hold 23.53% of the Company’s outstanding Ordinary Shares immediately after the issuance of Ordinary Shares as a result of such Exercisability Event; D = the aggregate number of the Conversion Shares and Optional Exchange Shares that have been issued to holders of Second Lien Notes in connection with previous Exercisability Events (which, for the avoidance of doubt, shall not include any Ordinary Shares that have been issued and/or will be issued in connection with such Exercisability Event); E = the aggregate number of Conversion Shares or Optional Exchanges Shares that have been issued and/or will be issued to holders of Second Lien Notes in connection with such Exercisability Event; F = the aggregate number of Ordinary Shares that have been issued to the holders of 2025 Notes prior to the time of determination in connection with the conversion of 2025 Notes; and G = the number of outstanding Ordinary Shares of the Company as of the Date of Issuance.
Relevant Ordinary Shares means, at any time, the number of Ordinary Shares issuable under this Warrant upon the occurrence of any Exercisability Event that will result in TZE owning 23.53 % of the Company’s total equity interests, calculated as follows: 𝐴+𝐵+𝐶 𝐵+𝐶+𝐷+𝐸+𝐹+𝐺 Where: