Second Installment Shares definition

Second Installment Shares means the number of Shares equal to the Second Installment divided by the Value.
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Second Installment Shares means an aggregate of one hundred sixty-six thousand nine hundred fifty-six (166,956) shares of the Stock U.S. Transaction Consideration, allocated between the Sellers as set forth on Schedule A.
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Second Installment Shares shall have the meaning ascribed to it in the recitals.
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Examples of Second Installment Shares in a sentence

  • The Company shall deliver written notice to Investor, including documentation of the LRC action (as defined in the Research Agreement), of the satisfaction of the requirements of the Milestone, and shall simultaneously deliver a written certification that the representations and covenants of the Company set forth in Section 2 of this Agreement are true and correct with respect to the Second Installment Shares as of the date of such notice.

  • Subject to the provisions of Section 7 below, Company will issue to the Executive against payment of the purchase price therefor the First Installment Shares and the Second Installment Shares.

  • Subject to the terms and conditions of this Agreement, Investor agrees to pay $2,250,000 (the "Second Installment") to the Company and the Company agrees to sell and issue to Investor the number of shares (the "Second Installment Shares") of the Company's Common Stock equal to *** divided by 120% of the average daily closing price of the Company's Common Stock reported by the NASD on the *** to the Second Installment Date (as defined below).

  • Investor shall deliver the Second Installment to the Company in accordance with Section 1.2 within thirty (30) days of the Second Installment Date and shall simultaneously deliver a written verification that the representations and covenants of Investor set forth in Section 3 of this Agreement are true and correct with respect to the Second Installment Shares as of the date of delivery of the Second ***Certain confidential portions of this Exhibit were omitted by means of blackout of the text (the "Mark").

  • Executive hereby subscribes for and agrees to purchase the First Installment Shares and the Second Installment Shares for an amount equal to the Basic Equity Account, with such Shares being issuable and such amount being payable in accordance with the provisions of this Agreement.

  • Upon delivery of the Second Installment to the Company by Investor, the Company shall issue and deliver to Investor a certificate representing the Second Installment Shares (free and clear of all liens, claims and other encumbrances except as otherwise provided herein and in the Registration Rights Agreement (as defined below)).

  • The Purchaser shall, upon each delivery of Initial Installment Shares, Second Installment Shares or Third Installment Shares, deliver to each Seller the stock certificate for the applicable shares.

  • Executive hereby subscribes for and agrees to ------------ purchase the First Installment Shares and the Second Installment Shares for an amount equal to the Total Purchase Price, with such Shares being issuable and such amount being payable in accordance with the provisions of this Agreement.

  • Purchaser shall pay any documentary stamp or similar issue or transfer taxes due as a result of the issuance and sale of the Second Installment Shares.

  • The closing for the sale and issuance by the Company to Nortel of each of the First Installment Shares, the Second Installment Shares and the Third Installment Shares, if any and as applicable, shall take place on or before the respective due date set forth in Section 1.1(b) above at such time and place as the Company and Nortel mutually agree upon orally or in writing (each such time and place being designated a "Subsequent Closing").


More Definitions of Second Installment Shares

Second Installment Shares shall have the meaning set forth on Exhibit A attached hereto.
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Second Installment Shares has the meaning set forth in Section 1.1(b).
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Second Installment Shares means the Initial Second Installment Shares and the Deferred Second Installment Shares.
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Related to Second Installment Shares

  • Payment Shares has the meaning set forth in Section 2.02;

  • Installment Amount means the sum of (A) (i) with respect to any Installment Date other than the Maturity Date, the lesser of (x) the quotient of (I) the Principal amount outstanding under this Note as of the initial Installment Date, divided by (II) the number of Installment Dates occurring hereunder (as determined as of the initial Installment Date assuming no Deferrals, Accelerations, redemptions or conversions hereunder prior to the Maturity Date) and (y) the Principal amount then outstanding under this Note as of such Installment Date, and (ii) with respect to the Installment Date that is the Maturity Date, the Principal amount then outstanding under this Note as of such Installment Date (in each case, as any such Installment Amount may be reduced pursuant to the terms of this Note, whether upon conversion, redemption or Deferral), (B) any Deferral Amount deferred pursuant to Section 8(d) and included in such Installment Amount in accordance therewith, (C) any Acceleration Amount accelerated pursuant to Section 8(e) and included in such Installment Amount in accordance therewith and (D) in each case of clauses (A) through (C) above, the sum of any accrued and unpaid Interest and Make-Whole Amount with respect thereto as of such Installment Date under this Note, if any, and accrued and unpaid Late Charges, if any, under this Note as of such Installment Date. In the event the Holder shall sell or otherwise transfer any portion of this Note, the transferee shall be allocated a pro rata portion of the each unpaid Installment Amount hereunder.

  • Installment Date as defined in Section 2.12.

  • Installment seller or "seller" means a person engaged in the business of selling, offering for sale, hiring, or leasing motor vehicles under installment sale contracts or a legal successor in interest to that person. As used in this subdivision, "business" does not include an isolated sale.

  • Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.

  • 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.

  • Interest Shares means the shares of Common Stock and the related Preferred Share Purchase Rights issuable in payment of interest on the Note.

  • Non-Vested Shares means any portion of the Restricted Stock subject to this Agreement that has not become vested pursuant to this Section 2.

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

  • 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.

  • 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.

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

  • Installment buyer or "buyer" means a person that buys, hires, or leases a motor vehicle for personal, family, or household use, and not for commercial, business, or agricultural use, under an installment sale contract or a legal successor in interest to that person.

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

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

  • Accelerated Purchase Share Amount means, with respect to an Accelerated Purchase made pursuant to Section 2(b) hereof, the number of Purchase Shares directed by the Company to be purchased by the Investor in an Accelerated Purchase Notice, which number of Purchase Shares shall not exceed the lesser of (i) 300% of the number of Purchase Shares directed by the Company to be purchased by the Investor pursuant to the corresponding Regular Purchase Notice for the corresponding Regular Purchase referred to in clause (i) of the second sentence of Section 2(b) hereof (subject to the Purchase Share limitations contained in Section 2(a) hereof) and (ii) an amount equal to (A) the Accelerated Purchase Share Percentage multiplied by (B) the total number (or volume) of shares of Common Stock traded on the Principal Market during the period on the applicable Accelerated Purchase Date beginning at the Accelerated Purchase Commencement Time for such Accelerated Purchase and ending at the Accelerated Purchase Termination Time for such Accelerated Purchase.

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Specified Shares means all or, as the case may be, some of the shares specified in a disclosure notice;

  • Prepaid Installment With respect to any Mortgage Loan, any installment of principal thereof and interest thereon received prior to the scheduled due date for such installment, intended by the Mortgagor as an early payment thereof and not as a Prepayment with respect to such Mortgage Loan.

  • Deferred Purchase Price shall have the meaning set forth in Section 2(a).

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

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Fully Adjusted Regular Purchase Share Limit means, with respect to any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction from and after the date of this Agreement, the Regular Purchase Share Limit (as defined in Section 2(a) hereof) in effect on the applicable date of determination, after giving effect to the full proportionate adjustment thereto made pursuant to Section 2(a) hereof for or in respect of such reorganization, recapitalization, non-cash dividend, stock split or other similar transaction.

  • Grant Amount or “Grant” means the total amount of financial assistance disbursed under this Agreement, which consists of the City's Amount and the Consultant’s Amount.

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