Share Limitation definition

Share Limitation means that the underwriter selected by the Company of any underwritten public offering advises the Company in writing that in its opinion the number or dollar amount of securities requested to be included in such offering (whether by the Holder, the Company or any other holders thereof permitted (by contractual agreement with the Company or otherwise) to include such securities in such offering) exceeds the number or dollar amount of securities which can be sold in such offering without adversely affecting the price, timing, distribution or marketability of the offering.

Share Limitation means the aggregate number of Shares authorized for Awards as described in Section 3.1.

Share Limitation means that the lead underwriter or co-managers of any offering in connection with a Piggyback Registration, a Demand Registration or a Strategic Partner Demand Registration advise Issuer in writing that in their opinion the number of Registrable Securities requested to be included in such offering exceeds, together with other shares of Class H Common Stock to be included therein, the number of shares of Class H Common Stock which can be sold in such offering without adversely affecting the marketability of the offering.

Examples of Share Limitation in a sentence

• In calculating the numbers described in the preceding sentence, adjustments shall be made in accordance with the terms set forth herein, including adjustments to the Restricted Share Limitation.

• In establishing other dollar amounts of permitted contributions, the Committee may take into account the "Maximum Share Limitation" (as defined in Section 8).

• The Share Limitation shall be subject to adjustment in accordance with the provisions for adjustment in Section 5.

• Each Eligible Employee who is a Participant in the Plan automatically and without any act on his part will be deemed to have exercised his option on each Exercise Date to the extent that the balance then in his Account under the Plan is sufficient to purchase at the Purchase Price whole shares of the Common Stock subject to his option, subject to the Share Limitation and the Section 423(b)(8) limitation described in Section 3.

• If the Company is required to redeem this Note or any portion hereof pursuant to this Section 2.4, the Company shall make payment to the Holder of an amount equal to the Share Limitation Redemption Price.

More Definitions of Share Limitation

Share Limitation means the greater of (a) three hundred thousand (300,000) shares of Common Stock, or (b) five percent (5%) of the total volume of the Common Stock traded for the previous Calendar month according to Bloomberg, LP. Further, Cornell may accumulate any unsold shares from any preceding Calendar month, so long as these shares were available to have been sold under Section 4(a) hereof (“Accumulated Shares”) in addition to the current Calendar month Share Limitation, but the amount of Accumulated Shares that may be sold in any single Calendar month shall be limited to 10% of the total volume of the Common Stock traded for the previous Calendar month according Bloomberg. LP. The sale by Cornell of any shares at $4.50 or higher shall not count towards any Share Limitation. This Share Limitation will have no force or effect and Cornell shall have no restrictions under the Share Limitation upon the occurrence of (i) an Event of Default under the Notes issued by the Company in the Note Transaction (an “Event of Default”), or (ii) in the event that any purchasers of Notes of the Company are not bound by the limitations set forth in the Notes or the Note Transaction, for any reason, whether or not pursuant to the terms of the Notes or any agreement or item entered into in connection therewith or by written consent of the Company. The Company shall notify Cornell in writing of an event described in the preceding sentence within five (5) business days of the occurrence of such an event. The provisions of the Section 4 shall only apply to shares of Common Stock acquired by Cornell in connection with the Securities Purchase Agreement, including the shares of Common Stock underlying the Convertible Debentures and the Commitment Shares, but shall exclude the Warrant Shares..

Share Limitation shall have the meaning set forth in Section 5(i).

Share Limitation shall have the meaning ascribed to such term in Section ---------------- 2.3(a) hereof.

Share Limitation means the aggregate number of Shares authorized for Options as described in Section 3.1.

Share Limitation means the Xxxxxxxx Act Limitation and, if and only if the provisions of Section 13.1(c) are applicable as set forth in the first sentence of Section 13.1(c), the limitations set forth in Section 13.1(c).

Share Limitation means 17,500,000 aggregate shares of Common Stock or Common Stock Equivalents, which is the maximum permissible amount of shares of Common Stock and Common Stock Equivalents that could be issued by the Company without exceeding the Issuance Cap, as defined in Section 8.1(k) of the Series A3 Certificate of Designation and the Series B3 Certificate of Designation, respectively.

Share Limitation as defined in Section 8.1(c) hereof.