Reserve Shares definition

Reserve Shares means a number of shares of Parent Common Stock equal to the product of (i) the Merger Consideration Shares, multiplied by (ii) 0.20, rounded up to the nearest whole share.

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Reserve Shares shall have the meaning set forth in Section 3.04(c).

Reserve Shares means, collectively, the Consideration Shares, the Notes Consideration Shares, and the Warrant Consideration Shares.

Examples of Reserve Shares in a sentence

• For the avoidance of doubt, the Reserve Shares that were underlying the New Renesas 2L Takeback Convertible Notes that were eligible for sale shall remain eligible for sale following such conversion.

• For the avoidance of doubt, in no event shall Renesas be entitled to, or have designation rights to direct the sale or disposition of or the realization of proceeds from, Reserve Shares representing the Contingent Shares or Consideration Shares representing the Contingent Shares, in each case until Renesas is entitled to the Contingent Additional Consideration due to the occurrence of the Regulatory Trigger Deadline.

• For the avoidance of doubt, the Direction Letter shall specify, among other things, (i) the number of the Reserve Shares to be issued and the portion of the Consideration Shares, the Warrant Consideration Shares or the Notes Consideration Shares to which such Direction Letter relates, (ii) whether such sales are conducted through the ELOC/ATM Programs or Registered Primary Offerings, and (iii) may specify the minimum price at which any sale of such Reserve Shares by the Sales Agent may be executed.

• For the avoidance of doubt, the Reserve Shares that were underlying the Renesas Warrants that were eligible for sale shall remain eligible for sale following such exercise.

More Definitions of Reserve Shares

Reserve Shares as defined in Section 2.3(c).

Reserve Shares means a number of additional Company Shares to be issued on or after Closing as the board of directors of the Original Company or after the Pre-Closing Demerger the New Company may determine and including (but not limited to) 50,000,000 Company Shares provided that after the Pre-Closing Demerger and the Company Reorganisation the reference to 50,000,000 Company Shares shall be to such number of Company Shares in the New Company as represents an equivalent proportion of the then issued share capital of the New Company immediately after the Pre-Closing Demerger and Company Reorganisation as such number would have represented of the issued share capital of the Original Company before the Pre-Closing Demerger and the Company Reorganisation.

Reserve Shares has the meaning specified in Section 4.6.

Reserve Shares is defined in Section 2.4(c)(i) of this Agreement.

Reserve Shares shall have the meaning set forth in Section 1.8. “[*****] License” means the Technology and Source Code License Agreement dated April 1, 2020, by and between the Company and [*****].

Reserve Shares has the meaning set forth in Article 3.01(b).

Reserve Shares has the meaning set forth in the Contingent Consideration Term Sheet.