Share Maximum definition
Share Maximum means a number of shares of Recursion Class A Common Stock equal to 19.9% of the sum of the total number of shares of Recursion Class A Common Stock and Class B Common Stock of Recursion, par value of $0.00001 per share, collectively, that are outstanding as of (a) the close of business on the date immediately preceding the date of this Agreement or (b) the close of business on the date immediately preceding the date any shares of Recursion Class A Common Stock are issued to Tempus pursuant to this Agreement, whichever is less.
Share Maximum has the meaning given to this term in clause 5.4(a).
Share Maximum means 947,909 Purchaser Shares less an amount equal to 86.5% multiplied by the product of: (i) the number of Company Shares, if any, in respect of which Dissent Rights are validly exercised and which exercise remains valid immediately prior to the Effective Time; and (ii) the number obtained by dividing the Aggregate Consideration by the Total Company Shares and then dividing such product of (i) and (ii) by the Purchaser Share Price; and
Examples of Share Maximum in a sentence
The Share Maximum and Exchange Ratio will be adjusted to reflect fully the effect of any stock split, reverse split, consolidation, reorganization or recapitalization with respect to Purchaser Shares effected in accordance with the terms of the Arrangement Agreement occurring after the date of the Arrangement Agreement and prior to the Effective Time.
More Definitions of Share Maximum
Share Maximum means 157,714,382 Purchaser Shares less an amount resulting from multiplying 0.50 by the product of: (i) the sum of (A) the number of MEG Shares, if any, in respect of which Dissent Rights are validly exercised and which exercise remains valid immediately prior to the Effective Time and (B) the number of MEG Shares held by Purchaser immediately prior to the Effective Time; and (ii) the Exchange Ratio, subject to Sections 3.3 and 3.4;
Share Maximum means 850,000 shares of Buyer Common Stock, subject to appropriate adjustment or adjustments in the event that Buyer shall declare a share dividend or distribution upon or subdivide, split up, reclassify or combine the Buyer Common Stock, or declare a dividend, or make a distribution, in any security convertible into Buyer Common Stock. For these purposes, cash and other property exchanged, or reasonably expected to be exchanged, for Tarpon Common Stock surrendered by the dissenters, paid, or reasonably expected to be paid, in lieu of receipt of fractional shares by shareholders of Tarpon and otherwise paid, or reasonably expected to be paid, to shareholders of Tarpon, in exchange for Tarpon Common Stock, shall be treated as Merger consideration.
Share Maximum means an aggregate maximum of 30,050,000 Acquiror Shares;
Share Maximum means 29,977,258 Parent Shares,
Share Maximum has the meaning set forth in the Plan of Arrangement.
Share Maximum means the lesser of: (i) 1,700,000 Purchaser Shares; and (ii) such number of Purchaser Shares equal to: (A) $25,000,000; divided by (B) the Purchaser Share Price; in each case subject to rounding to account for fractional shares in accordance with Section 4.6;
Share Maximum means a number of shares of Parent Stock equal to 19.9% of the sum of the total number of shares of the Parent’s Class A Common Stock and Class V Common Stock outstanding, collectively, as of the close of business on the Agreement Date.