Second Tranche Shares definition

Second Tranche Shares means the [ ] shares subscribed by the Investors pursuant to clause 3.2] [Note: insert definition if appropriate];

Second Tranche Shares shall have the meaning set forth in Section 1.1(c)(i) hereof.

Second Tranche Shares has the meaning set forth in the Recitals.

Examples of Second Tranche Shares in a sentence

• Details provided in the chart above indicating the shareholding structure of LSD and eSun after the Settlement do not take account of the effect of the exercise in full by the Bondholders of their rights to put the First Tranche Shares and the Second Tranche Shares to Mr. Peter Lam.

• The first two instalments of the Second Tranche Funding will also be advanced as a loan and Second Tranche Shares will be issued as and when the requisite approvals have been obtained.

• As well, Margaret Sweeney, Chief Executive Officer for I-RES was granted 1,294,038 options, being 3% of the Second Tranche Shares at an exercise price of €1.682 cents per share.

• If Lilly invokes certain of the Second Tranche Conditions and the Second Tranche Shares cannot be issued by the Second Longstop Date, the amount of the Second Tranche Subscription Amount which corresponds to the number of Second Tranche Shares unissued shall become a debt repayable by the Company to Lilly within six months.

• As detailed in the JointNote: Details provided in the chart above indicating the shareholding structure of LSD and eSun after the Settlement do not take into account the effect of the exercise in full by the Bondholders of their rights to put the First Tranche Shares and the Second Tranche Shares to Mr. Peter Lam.

More Definitions of Second Tranche Shares

Second Tranche Shares has the meaning given to it in clause 3.5;

Second Tranche Shares means an aggregate number of shares of Common Stock determined by, multiplying the Additional Advance by three percent (3%), and then dividing the product thereof by the Second Tranche Share Exercise Price, rounded up to the nearest whole number, subject to applicable adjustment hereunder.

Second Tranche Shares means, upon the Second Growth Capital Advance (as defined in the Loan Agreement) being made under the Loan Agreement, 1,714,286 shares of the Company’s Series C-2 Preferred Stock; provided, however, if a Qualifying Round has occurred at the time of the making of the Second Growth Capital Advance, then the “Second Tranche Shares” shall only be the number of shares of Next Round Stock equal to (i) Two Hundred Ten Thousand Dollars ($210,000), divided by (ii) the Next Round Price.

Second Tranche Shares shall have the meaning set forth in Section 3.1.

Second Tranche Shares means the Series A Preferred Shares sold at the Second Tranche Closing;

Second Tranche Shares means that number of shares of Common Stock equal to Twenty Five Million Dollars ($25,000,000) divided by the Bloomberg volume- weighted average price for a share of Common Stock on the NASDAQ Global Select Market for the 30 Trading Day period ending on the last Trading Day prior to the Second Tranche Notice, rounded to the nearest whole share.

Second Tranche Shares has the meaning given in paragraph 2.3;