Share Reduction definition

Share Reduction shall have the meaning ascribed thereto in subclause 1.1(c)(ii)(a);

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Share Reduction means an acquisition or redemption by the Corporation of Voting Shares which, by reducing the number of Voting Shares outstanding, increases the proportionate number of Voting Shares Beneficially Owned by any Person to 20% or more of the Voting Shares then outstanding;

Share Reduction means an acquisition or redemption by the Corporation of Shares which, by reducing the number of Shares outstanding, increases the proportionate number of Shares Beneficially Owned by any Person to 20% or more of the Shares then outstanding;

Examples of Share Reduction in a sentence

• The Reinsurer shall allow the Company a ceding commission of (or a proportionate share of such amount in the event of a Quota Share Reduction) per annum, to be taken as a deduction from the first monthly premium payment to the Reinsurer at the commencement of this Contract and at each annual anniversary thereof, to cover the Company's operational costs directly allocable to writing the business subject hereto.

• In the event of a Quota Share Reduction, as that term is defined under the Policy, each Subscribing Reinsurer's participation percentage in this Contract shall be increased in the proportion that 100% bears to the total Subscribing Reinsurer's participation after the Quota Share Reduction.

• In the event that Histogenics does make the Revenue Share Reduction Payment as described in Section 3.2(a)(iii), then Histogenics shall be obligated to [***] in order to maintain its rights under the Histogenics License.

• In the event that Histogenics does not make the Revenue Share Reduction Payment as described in Section 3.2(a)(iii), then Histogenics shall be obligated to [***] in order to maintain its rights under the Histogenics License.

More Definitions of Share Reduction

Share Reduction means the proposed reduction of share capital of the Issuer by cancellation of shares in a simplified cancellation procedure by a total amount of EUR 381,394.00 through the redemption of 381,394 fully paid-up non-par value shares of the Issuer.

Share Reduction shall have the meaning set forth in the definition of “Acquiring Person”;

Share Reduction means the reduction of the number of outstanding shares of Common Stock to be effected by the Company as promptly as practicable after the date of the original issuance of this Note.

Share Reduction has the meaning ascribed thereto in subclause 1.1(a)(ii)(A);

Share Reduction shall have the meaning ascribed thereto in Clause 1.1(a)(ii)(A);

Share Reduction has the meaning ascribed to it in Section 2.4(b);

Share Reduction has the meaning given to such term in the Confirmation.