Surplus Shares definition

Surplus Shares shall have the meaning set forth in Section 7.4(d)(i) hereof.
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Surplus Shares means Shares acquired by the Trustees under Rules 6.2, 7.6, 8.8 and 9.1 or otherwise and held as part of the Residual Fund;
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Surplus Shares means a number of shares of IDI Common Stock with a value (calculated at a price of $0.505 per share) equal to the amount of the relevant Put Right minus 15% of the product of (x) 65, (y) the Trailing Price calculated as of the relevant Determination Date and (z) the Trailing Volume calculated as of the relevant Determination Date; and if such difference is zero (0) or a negative number then “Surplus Shares” shall mean zero (0).
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Examples of Surplus Shares in a sentence

  • Surplus Shares shall have an issue price of one ($1.00) dollar each.

  • Following receipt of such notice, the Company shall pay (a "Supplementary Payment") to each Class A Holder selling Surplus Shares the excess, if any, of the aggregate Formula Price applicable to such Surplus Shares over the Total Realized Amount (in each case as modified to comply with the requirements of Section 9.2).

  • At the Final Closing, Foundation shall deliver to Per-Se the Surplus Amount and the Surplus Shares.

  • On that date, the Agent shall determine the number of Surplus Shares and allot them to Shareholders of Record or Investors who had duly applied for Additional Shares.

  • The total consideration for the sale of the Surplus Shares shall be transferred to the Seller's bank account in Bank Hapoalim and used for repayment of the existing loan of the Seller to Bank Hapoalim to be replaced by the Bank Loan.

  • The allotment of Additional Shares is subject to the existence of Surplus Shares after the Pre-emptive Subscription Period.

  • Prior to the Closing the Seller shall sell 1,750,659 of the Ordinary Shares of the Company (the "Surplus Shares") currently owned by the Seller numbered as of the date hereof 66,107,867 to 67,858,525 on share certificate no.

  • Surplus Shares Authorized surplus share capital consists of an unlimited number of surplus shares, issued and redeemable at $1 each.

  • If the number of Additional Shares applied for were equal to or less than the number of Surplus Shares, these will be allotted to the applicants until their applications have been fully covered.

  • The IC shall at its own expense (and shall cause Subcontractors and IC Representatives to) design, furnish, and erect such enclosures, barricades, platforms, scaffolds, planking of floor openings, fences and railings, give such warnings, display such lights, signals and signs, exercise such precautions against fire, adopt and enforce such rules and regulations, and take such other precautions as may be necessary, desirable or proper, or as may be directed by the Company.


More Definitions of Surplus Shares

Surplus Shares means zero (0).
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Surplus Shares means 55,472 Shares registered in the names of the Trustees as at the date of this Agreement which will not be required to satisfy Options (or such number as may be treated as Surplus Shares pursuant to clause 3.8).
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Surplus Shares means Shares acquired under Rules 5(2), 6(6), 7(7) and 8(2) and held as part of the Residual Fund;
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Related to Surplus Shares

  • Common Shares means the common shares in the capital of the Corporation;

  • Shares means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement.

  • ASA Shares has the meaning set forth in 2.4(a).

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Merger Shares has the meaning set forth in Section 2.2(c).

  • Company Shares means the common shares in the capital of the Company;

  • Additional Shares of Common Stock means all shares of Common Stock issued (or, pursuant to Subsection 4.4.3 below, deemed to be issued) by the Corporation after the Series B Original Issue Date, other than (1) the following shares of Common Stock and (2) shares of Common Stock deemed issued pursuant to the following Options and Convertible Securities (clauses (1) and (2), collectively, “Exempted Securities”):

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Public Shares means the Ordinary Shares included in the Units issued in the Public Offering; (vi) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be deposited; (vii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (viii) “Charter” shall mean the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time.

  • shares of Common Stock means (i) the class of stock designated as the Common Stock of the Company at the date of this Agreement, or (ii) any other class of stock resulting from successive changes or reclassifications of such shares consisting solely of changes in par value, or from par value to no par value, or from no par value to par value. In the event that at any time, as a result of an adjustment made pursuant to paragraph (a) above, the Warrant Holders shall become entitled to purchase any securities of the Company other than shares of Common Stock, thereafter the number of such other securities so purchasable upon exercise of each Warrant and the Exercise Price of such securities shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the Warrant Shares contained in paragraphs (a) through (i), inclusive, above, and the provisions of Section 7 and Section 12.2 through 12.5, inclusive, with respect to the Warrant Shares, shall apply on like terms to any such other securities.

  • Excess Shares shall have the meaning set forth in Section 3.1(a).

  • Equity Shares shall have the meaning attributed to such term in the recitals of this Agreement;

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Issued Shares means, collectively, all outstanding Shares issued pursuant to Restricted Stock Awards, all outstanding Shares issued pursuant to Unrestricted Stock Awards, and all Option Shares.

  • Stock Election Shares shall have the meaning set forth in Section 3.2.1.

  • Escrowed Shares has the meaning set forth in Section 2.4.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Amalco Shares means the common shares in the capital of Amalco;

  • Subco Shares means the common shares in the capital of Subco;

  • Ordinary Shares means the ordinary shares, par value $0.0001 per share, of the Company.

  • Co-op Shares Shares issued by private non-profit housing corporations.