Third Shares definition

Third Shares means such number of Shares determined by dividing A$500,000 by the lowest average issue price at which Shares are issued to any investor under the capital raise contemplated by the definition of Capital Raise Settlement Date, and rounding upwards to the nearest whole number.”
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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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Examples of Third Shares in a sentence

  • SETTLEMENT 2B.1The Company must issue to the Investor (and/or its nominee) the Third Shares in accor dance with clause 2B.2. 2B.2The Third Shares must be issued to the Investor and/or its nominee on or before the Capital Raise Settlement Date.

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

  • 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.

  • 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 "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.

  • Save as disclosed, the Third Shares Subscriber is not a connected person of the Company and its subsidiaries.

  • A draft of the Third Shares Subscription Agreement is attached hereto as Schedule 5.1.3. The Parties acknowledge and agree that upon full payment of the First Shares Subscription Agreement, the Second Shares Subscription Agreement and the Third Shares Subscription Agreement; the total and duly paid cumulative equity that LPI will hold in Sxxxx Xxxxxx will represent twenty five percent (25%) of the total shares of Sxxxx Xxxxxx.

  • 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.

  • As at the date of this announcement, the Company is indebted to (i) the First Shares Subscriber the First Shares Debt in the sum of HK$4,593,600, which had been overdue; (ii) the Second Shares Subscriber the Second Shares Debt in the sum of HK$1,481,700, which had been overdue; (iii) the Third Shares Subscriber the Third Shares Debt in the sum of HK$2,244,000, which had been overdue; and (iv) the Notes Subscriber the Notes Debt in the sum of HK$11,348,700, which had been overdue.

  • Maxus Equity shall distribute in liquidation the Fifth Third Shares received by it hereunder pro rata to its shareholders by redelivering such share deposit receipt to Fifth Third's transfer agent which will as soon as practicable set up open accounts for Maxus Equity shareholders in accordance with written instructions furnished by Maxus Equity.


More Definitions of Third Shares

Third Shares has the meaning ascribed to it in Section 2.3 ------------ hereof.
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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.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Series D Shares means the Company's Series D Convertible Preferred --------------- Stock, par value $0.01 per share.

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

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

  • Sale Shares means [Insert total number of shares of the Company] Shares, representing 100 percent of the total issued, subscribed and fully paid-up equity share capital of the Company held by the Shares Seller and Nominees as more particularly described in Annexure A attached hereto;

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Consideration Shares has the meaning ascribed thereto in Section 2.2.

  • Subscriber Shares means the Shares which the subscribers to the Instrument of the ICAV agree to subscribe for as more particularly hereinafter set forth after their names.

  • Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

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

  • Founders’ Shares means 1,000 shares with a par value of $1 per share, 500 of which were issued to MACRO Securities Depositor, LLC and 500 of which were issued to Claymore Securities, Inc., in exchange for the Initial Deposit.

  • Acquired Shares has the meaning set forth in the Recitals.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

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

  • Scheme Shares means the Target Shares which are subject to the Scheme in accordance with its terms.

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

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

  • Investor Shares shall have the meaning given in the Recitals hereto.