Third Shares definition

Third Shares means that number of shares of Common Stock equal to the difference between 3.5 million and the sum of (a) the First Shares, (b) the Second Shares and (c) any Default Shares payable to the Company as of the Third Closing Date.
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Third Shares has the same meaning as set forth in the Stock Purchase Agreement.
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Third Shares has the meaning ascribed to it in Section 2.3 ------------ hereof.
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Examples of Third Shares in a sentence

  • Pursuant to this Agreement, such Kent Fund will, as soon as practicable after the Exchange Date, distribute in liquidation all of the Fifth Third Shares received by it to its shareholders in exchange for their Kent Shares of such Kent Fund.

  • The obligation of Purchaser and CHFC to purchase the Third Shares is joint and several.

  • At the second closing (the "Second Closing"), Seller shall sell and transfer to Purchaser and CHFC and Purchaser and CHFC shall purchase from Seller three hundred thousand (300,000) Shares (the "Third Shares") at $1.00 per share or $300,000 payable in cash together with interest at the rate of ten percent (10%) per annum from November 15, 1996 to the occurrence of the Second Closing.

  • At the Second Closing, the Purchaser and/or CHFC shall deliver to Seller $300,000 for the Third Shares in immediately available federal funds by wire transfer or by cashier's check, and Seller shall deliver to Purchaser and CHFC a stock certificate(s) representing the Third Shares, duly endorsed for transfer.

  • At the Second Closing, the Purchaser shall deliver to Seller $300,000 for the Third Shares in immediately available federal funds by wire transfer or by cashier's check, and Seller shall deliver to Purchaser a stock certificate(s) representing the Third Shares, duly endorsed for transfer.

  • Multicap Value shall issue its Fifth Third Shares to Maxus Equity on one share deposit receipt registered in the name of Maxus Equity.

  • On the Exchange Date, Fifth Third will ----------------------------- deliver to Maxus Laureate a number of Fifth Third Shares having an aggregate net asset value equal to the value of the assets attributable to each class of Maxus Shares of Maxus Laureate acquired by Fifth Third Worldwide, less the value of the liabilities of Maxus Laureate assumed, determined as hereafter provided in this Section 4.

  • The aggregate amount to be paid by the Purchaser for the Third Shares is hereinafter referred to as the “Third Purchase Price.” Any shares of Common Stock that the Purchaser has a right to purchase pursuant to this Section 1.1(c) and that the Purchaser does not elect to purchase at the Third Closing shall be deemed Unexercised Shares.

  • The entire proceeds of the Fourth Third Loan shall be retained by Fourth Third, together with the Fourth Third Shares, in exchange for, and in an full satisfaction of, the amount owing to Fourth Third and constituting the “Medley Secured Claim” in the Bankruptcy Case, as contemplated by the Recapitalization Plan.

  • On the Exchange Date, Fifth Third will deliver to Kent a number of Fifth Third Shares having an aggregate net asset value equal to the value of the assets attributable to each class of Kent Shares of the corresponding Kent Fund acquired by each Fifth Third Fund, less the value of the liabilities of such Kent Fund assumed, determined as hereafter provided in this Section 4.

Related to Third Shares

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Subscribed Shares means, as of any date of determination, the Subscribed Shares (as defined in the recitals to this Subscription Agreement) and any other equity security issued or issuable with respect to the Subscribed Shares by way of stock split, dividend, distribution, recapitalization, merger, exchange, or replacement, and (ii) “Subscriber” shall include any person to which the rights under this Section 5 shall have been duly assigned.

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

  • Sold Shares shall have the meaning specified in Section 6.

  • Purchased Stock means a right to purchase Common Stock granted pursuant to Article IV of the Plan.