Share Proportion definition

Share Proportion has the meaning specified in Section 3.3(c).
Sample 1Sample 2Sample 3
Share Proportion means the percentage of total issued Shares held by the transferor W means an amount equal to the aggregate Minimum Market Value of the Vessels, positive cash on the Group’s accounts and the book value of any other assets of the Group. X means an amount equal to the Group’s liabilities including, for the avoidance of doubt, the amount that is outstanding in respect of the Approved Finance which is attributable to or assigned to the Group and xxxx-to-market adjustments related to financial instruments associated with the Approved Finance but excluding aggregate amounts outstanding to the Parties by a Group Company under Shareholder Loans. Y means amounts which the transferee has advanced by way of Shareholder Loan on its own behalf in circumstances where the transferor has not advanced amounts under the Shareholder Loan to a Group Company. Z means the amount paid by the transferee on behalf of the transferor pursuant to Clauses 5.8, 5.11 and/or 11.2 and including all interest accrued up to the date thereof.
Sample 1

Examples of Share Proportion in a sentence

  • In the event of a Proportionate Election, with respect to the payment of Floating Consideration to the Floating Shareholders, each Floating Shareholder shall receive pursuant to Section 3.2(n)(iv) for each Floating Share held (i) the Share Proportion multiplied by the Floating Share Consideration; and (ii) the Cash Proportion multiplied by the Floating Cash Consideration.

  • While the Philippines did not get better treatment than other member countries, specifying that it would use its own unilateral tariff program until 1995 conveniently allowed the Philippine government to use an already existing tariff program, thus skirting domestic resistance that may have arose from business groups to delay AFTA implementation.

  • In the event any Party fails to notify the Board of Directors in writing within such thirty (30) day period that it will subscribe to its Basic Share Proportion of the new Shares to be issued, or notifies the Board of Directors in writing that it will not subscribe to such new Shares or will subscribe to fewer new Shares than those to which it is entitled, then the Board of Directors shall first offer such Shares (the "Non-Subscribing Party Shares") to the other Parties.

  • Except as otherwise expressly provided in the Credit Documents, Shareholder Support shall be provided by the Parties severally, and not jointly, shall be proportionate to their respective Basic Share Proportion and Basic Loan Proportion at the time of provision of any such Shareholder Support, and shall be upon such terms and conditions as approved by a General Meeting of Shareholders.

  • Upon completion of the foregoing transactions, the Basic Share Proportion of each Party and the third party (if applicable) shall be adjusted in accordance with its ownership percentage.

  • Upon completion of the foregoing transactions, the Basic Share Proportion and Basic Loan Proportion of each Party and the third party (if applicable) shall be adjusted in accordance with its ownership percentage.

  • If the total number of Shares for which the Parties have exercised such pre-emptive right exceeds the total number of shares to be issued, then each Party exercising such pre-emptive right may acquire at least the number of Shares that bears the same ratio to the total number of Shares to be issued that such Party's Basic Share Proportion bears to the aggregate Basic Share Proportion of all Parties giving such notice.

  • Should any Party elect not to subscribe for its full Basic Share Proportion of the Shares then being offered (a "Non-Subscribing Party"), then such Non-Subscribing Party shall thereafter have no greater rights than any person or entity not a Party to this Agreement to subscribe for Shares later offered by PTSC.

  • Eligible costs are defined in Part C of Annex II, General conditions to the model contract.

  • Each Party shall be entitled to subscribe for its Basic Share Proportion of any additional Shares issued by PTSC as a result of an increase in the authorized capital as specified in Section 4.

Related to Share Proportion

  • Relevant Proportion means, at any time, the proportion which one Note bears to the number of all of the Notes outstanding;

  • Proportion in relation to a Lender, means:

  • Proportional Share means the annual revenue of a health care institution received in the form of medical assistance reim- bursement or public employee insurance from the state, divided by the total annual revenue of the health care institution.

  • Capital Share means a share of any class or series of stock of the General Partner now or hereafter authorized other than a REIT Share.

  • Per Share Cash Consideration has the meaning set forth in Section 3.01(a)(ii).

  • Per Share Price shall have the meaning set forth in Section 2.1.

  • Ordinary Shareholders means the holders of Ordinary Shares;

  • Class A Shareholder means a holder of Class A Shares;

  • Relative Total Shareholder Return means for the Incentive Period the Total Shareholder Return of the Company compared to the Total Shareholder Return of the Peer Group, as more particularly set forth on attached Exhibit C.

  • Per Share Consideration means (i) if the consideration paid to holders of the Common Stock consists exclusively of cash, the amount of such cash per share of Common Stock, and (ii) in all other cases, the volume weighted average price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the effective date of the applicable event. If any reclassification or reorganization also results in a change in shares of Common Stock covered by subsection 4.1.1, then such adjustment shall be made pursuant to subsection 4.1.1 or Sections 4.2, 4.3 and this Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers. In no event will the Warrant Price be reduced to less than the par value per share issuable upon exercise of the Warrant.

  • Aggregate Stock Consideration has the meaning set forth in Section 3.01(b)(iii).

  • Common Share Price means the volume weighted average per share trading price of the Common Shares on the TSX for the 10 consecutive Trading Day period ending on the Trading Day immediately before the occurrence of a Trigger Event, or if the Common Shares are not then listed on the TSX, the principal stock exchange on which the Common Shares are then listed or quoted (being the stock exchange with the greatest volume of trading in the Common Shares during the previous six months), or if such shares are not listed or quoted on any stock exchange, or if no such trading prices are available, the Floor Price.

  • Class A Share means a Class A ordinary share of a par value of US$0.0001 in the share capital of the Company.

  • Share means a share of the Common Stock, as adjusted in accordance with Section 13 of the Plan.

  • Voting Percentage means, as to any Lender, (a) at any time when the Commitments are in effect, such Lender’s Pro Rata Share and (b) at any time after the termination of the Commitments, the percentage (carried out to the ninth decimal place) which (i) the sum of (A) the Outstanding Amount of such Lender’s Loans (including for purposes of this definition, such Lender’s risk participation in outstanding Swing Line Loans), plus (B) such Lender’s Pro Rata Share of the Outstanding Amount of L/C Obligations, then constitutes of (ii) the Outstanding Amount of all Loans and L/C Obligations; provided, however, that if any Lender is a Defaulting Lender, then such Lender’s Voting Percentage shall be deemed to be zero percent (0%), and the respective Pro Rata Shares and Voting Percentages of the other Lenders shall be recomputed for purposes of this definition and the definition of “Required Lenders” without regard to such Lender’s Commitment or the outstanding amount of its Loans, and L/C Advances, as the case may be; provided further that, the amount of any risk participation in any Swing Line Loan and Unreimbursed Amounts that such Defaulting Lender has failed to fund that have not been reallocated to and funded by another Lender shall be deemed to be held by the Lender that is the Swing Line Lender or L/C Issuer, as the case may be, in making such determination.

  • Proportionate Percentage means, with respect to any Shareholder as of any given date with respect to an Eligible Offering, the number (expressed as a percentage) obtained by dividing (A) the number of shares of Common Stock owned by such Shareholder as of such date by (B) the total number of shares of Common Stock held by all Shareholders.

  • Proportional Takeover Bid means an off-market bid that is made or purports to be made under section 618(1)(b) of the Corporations Act in respect of a specified proportion of shares included in a class of shares in the Company; and

  • Per Share Cash Amount for purposes of this Section 2(b) means an amount equal to the sum of (I) the average of the closing price of the Common Stock for the 20 trading days immediately preceding the date of the Change in Control and (II) any cash dividend payable on a share of Common Stock during the 20 trading-day period described in the foregoing.

  • Parent Share Price means the average of the volume weighted averages of the trading prices of Parent Common Shares on NYSE (as reported by Bloomberg L.P. or, if not reported therein, in another authoritative source mutually selected by Parent and the Company in good faith) on each of the 20 consecutive trading days ending on (and including) the trading day that is two trading days prior to the Closing Date.

  • Shareholding means the holding by a Member of a Share or Shares (whether in a class or not);

  • Voting Share means (i) a Common Share of the Company and (ii) any other share of capital stock of the Company entitled to vote generally in the election of directors or entitled to vote together with the Common Shares in respect of any merger, consolidation, sale of all or substantially all of the Company's assets, liquidation, dissolution or winding up. References in this Agreement to a percentage or portion of the outstanding Voting Shares shall be deemed a reference to the percentage or portion of the total votes entitled to be cast by the holders of the outstanding Voting Shares.

  • Exchangeable Share Consideration has the meaning provided in the Exchangeable Share Provisions.

  • Participating Share or “Share” means the Participating Shares of no par value in the

  • Share Consideration has the meaning given to it in Section 2.2;

  • equity share means any share of any class of shares of a company carrying voting rights under all circumstances and any share of any class of shares carrying voting rights by reason of the occurrence of any contingency that has occurred and is continuing; (“action participante”)

  • Common Shareholders means the registered and/or beneficial holders of the Common Shares, as the context requires.