Share Portion definition
Examples of Share Portion in a sentence
The Share Portion and the shares to be issued in connection with the exercise of the Warrant, when issued in accordance with the terms of this Agreement or the Warrant, as the case may be, will be validly issued, fully paid and non- assessable.
The shares to be issued to Seller to satisfy the Share Portion, and the shares underlying the Warrant have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), and, therefore, can not be resold unless they are registered under the Securities Act or unless an exemption from registration is available.
The Interest Share Amount will be determined by dividing the amount of the Share Portion set forth in L▇▇▇▇▇’s exercise notice by a price per share of Common Stock equal to ninety percent (90%) of the VWAP on the Trading Date immediately preceding the date of the exercise notice (the “Initial Interest Share Price”).
The quantity of Make Whole Shares will be determined by (y) dividing the amount of the Share Portion set forth in Lender’s exercise notice by the Make Whole Price, and (z) subtracting therefrom the Interest Share Amount.
For any Options for which the Option Exercise Price of such Option is greater than or equal to the Per Share Portion of the Closing Consideration and Escrow Amount to be distributed to Stockholders and Optionholders pursuant to the terms of the Escrow Agreement allocable to such Option, such Option shall be terminated for no consideration.
Notwithstanding the foregoing, Seller shall cause each Vested Business Employee Option that is outstanding immediately prior to the Closing and has an exercise price per Seller Share that is equal to or greater than the Vested Per Share Portion of the Distributable Closing Date Consideration will be cancelled and terminated immediately prior to the Closing without consideration therefor.
For any Options for which the exercise price of such Option is greater than or equal to the Per Share Portion of the Final Residual Cash Consideration allocable to such Option, such Option will be terminated for no consideration.
Each party shall have received a certificate executed by a duly authorized officer of the Company and Innovate confirming the final RDD Share Portion and Stock Ratio.
During the retention of the Escrow Shares by the Escrow Agent, (i) all cash dividends received on such Escrow Shares shall be promptly distributed to the Stockholders pro rata based on their Per Share Portion, and (ii) the Stockholders shall be entitled to exercise all voting powers associated with their Per Share Portion of such Escrow Shares.
In consideration of the contribution of the IDP Shares, AHC shall issue to the IDP Sellers 750,000 shares of AHC (▇▇▇▇ Computer Corporation) common stock, par value $.001 per share ("▇▇▇▇ Common") (the "Share Portion") and shall pay to the IDP Sellers in cash the "IDP Cash Amount" as determined as provided on Exhibit B hereto.