Shortfall Shares definition
Examples of Shortfall Shares in a sentence
In the event that the Shortfall Shares to be subscribed for by a Participating Purchaser is determined to include fractional shares, such Participating Purchaser shall be permitted to purchase the number of shares determined by rounding such Participating Purchaser's allocated number of Shortfall Shares to the nearest whole number.
Any Shortfall Shares not so subscribed for pursuant to this Section 1.05(b) shall be subscribed for by ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ Strategic Partners Fund, L.P. and/or Strategic Associates, L.P. in proportions to be determined in the sole discretion of ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ & Company, LLC.
Change of Address: This booklet has been sent to every member for whom a current address is available.
If no Tranche B Shares became Vested Shares on a Determination Date, then there will be 469,965 Tranche B Shortfall Shares with respect to the Determination Date in question.
With respect to each Second Closing Certification, the Company will not be required to pay any Second Closing Shortfall Amount on Second Closing Shortfall Shares for which it has previously paid either a First Closing Shortfall Amount or a Second Closing Shortfall Amount.