Total Exchange Shares definition

Total Exchange Shares means, subject to Section 3.02, (i) an amount equal to the sum of the Daily Amounts for each of the 20 Trading Days beginning on September 10, 2007 or (ii) if the PIES are declared or automatically become immediately due and payable following an Event of Default, an amount equal to 20 times the Daily Amount on the date on which the PIES are so declared to be or automatically become immediately due and payable.
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Total Exchange Shares to be delivered in respect of each SynDECS on each Settlement Date is an amount equal to the sum of the Daily Amounts calculated as described in Paragraph 5(b) hereof for each of the 10 Trading Days beginning on November 5, 2008, January 12, 2009 or March 19, 2009, as applicable, provided that if the SynDECS are declared immediately due and payable following an Event of Default in accordance with Section 5.02 of the Indenture, each Settlement Date that has not yet occurred shall be accelerated and the "Total Exchange Shares" for each such Settlement Date shall be calculated (i) using the Daily Amounts for any Trading Days in respect of that Settlement Date that have already occurred and, (ii) with respect to each Trading Day that has not already occurred, the Daily Amount for the date upon which the SynDECS are so declared to be immediately due and payable.
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Total Exchange Shares means, subject to Section 6.2, (i) an amount equal to the sum of the Daily Amounts for each of the 20 Trading Days beginning on September 10, 2007 or
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Examples of Total Exchange Shares in a sentence

  • To exercise this election, the Company shall notify the Trustee and each Holder of the Notes of its election on or before the beginning of such 20 Trading Day period, and if the Company is electing to pay cash instead of delivering a portion of the Total Exchange Shares the Company is otherwise required to deliver, the Company shall specify the portion of the Total Exchange Shares in respect of which the Company will deliver cash.

  • On the Maturity Date, each $25 principal amount of the Notes shall be mandatorily exchanged for a number of shares of Common Stock (and/or, if a Significant Spin-off, a Significant Cash Distribution or an Adjustment Event has occurred, securities, cash and/or other property, as applicable) equal to the Total Exchange Shares; provided, however, that, pursuant to Section 2.04, no fractional shares of Common Stock shall be issued.

  • In addition to the matters set forth in Section 9.02 of the Indenture, no supplemental indenture to the Indenture shall, without the consent of each Holder of each Outstanding Note affected thereby, change the manner in which the Total Exchange Shares is determined.

  • In lieu of delivering some or all of the Total Exchange Shares, the Company may, at the Company's election, pay to the Holder surrendering such Notes an amount in cash equal to the number of Total Exchange Shares subject to such election multiplied by the average Closing Price of such securities over the 20 Trading Day period referred to in the definition of Daily Amount.

  • On each Settlement Date, one-third of the original principal amount of each SynDECS shall be mandatorily exchanged for a number of American Depositary Shares ("ADSs") of The News Corporation Limited ("News Corporation") (or their equivalent value in cash as described in Paragraph 5(l) hereof) plus, in certain cases, additional cash equal to the Total Exchange Shares, as defined in Paragraph 5(a) hereof.

  • If the holder notifies Itec within twenty (20) business days after receipt of any such notice of its desire to include any of the Total Exchange Shares in such proposed registration statement, Itec shall afford the holder the opportunity to have any such amount of the Total Exchange Shares registered under such registration statement.

  • If Itec proposes to register any of its securities under the Securities Act (other than pursuant to a Form X-0, Xxxx X-0 or any other successor form of limited purpose), it will give written notice by registered mail at least thirty (30) business days prior to the filing of each such registration statement to the holder of the Total Exchange Shares of its intention to do so.

  • Itec shall have received Rose Waste Stockholder's Questionnaires from holders of all of the then-outstanding Total Exchange Shares.

  • Acquirer shall have ------------------------------------ received Target Stockholder's Questionnaires from holders of all of the then- outstanding Total Exchange Shares.

  • The Escrow Percentage shall be expressed as a fraction, the numerator of which is ten percent (10%) of the Total Exchange Shares and the denominator of which is the number of Exchange Shares actually issuable in the Merger to Target Stockholders at the Effective Time.


More Definitions of Total Exchange Shares

Total Exchange Shares means a number of shares equal to the product determined by multiplying (a) the Post-Closing Pubco Shares by (b) the Delta Allocation Percentage.
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Related to Total Exchange Shares

  • Exchange Shares has the meaning set forth in Section 2.01(b).

  • Local Exchange Carrier or "LEC" means any Carrier that is engaged in the provision of telephone Exchange Service or Exchange Access. Such term does not include a Carrier insofar as such Carrier is engaged in the provision of a commercial mobile service under Section 332(c) of the Act, except to the extent that the FCC finds that such service should be included in the definition of such term.

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

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

  • Competitive Local Exchange Carrier (CLEC) means a telephone company certificated by the Commission to provide local Exchange Service within AT&T-21STATE’s franchised area.

  • Final Exchange Bulletin means the Exchange bulletin issued following closing of the Qualifying Transaction and the submission of all required documentation and that evidences the final Exchange acceptance of the Qualifying Transaction.

  • Open Market Share Purchase shall have the meaning specified in Section 2(I).

  • VWAP Purchase Share Volume Maximum means a number of shares of Common Stock traded on the Principal Market during normal trading hours on the VWAP Purchase Date equal to: (i) the VWAP Purchase Share Estimate, divided by (ii) the VWAP Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

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

  • VWAP Purchase Share Percentage means, with respect to any particular VWAP Purchase Notice pursuant to Section 1(c) hereof, the percentage set forth in the VWAP Purchase Notice which the Buyer will be required to buy as a specified percentage of the aggregate shares traded on the Principal Market during normal trading hours up to the VWAP Purchase Share Volume Maximum on the VWAP Purchase Date subject to Section 1(c) hereof but in no event shall this percentage exceed thirty percent (30%) of such VWAP Purchase Date’s share trading volume of the Common Stock on the Principal Market during normal trading hours.

  • Competitive Local Exchange Carrier (CLEC)” means a telephone company certificated by the Commission to provide local Exchange Service within AT&T-21STATE’s franchised area.

  • Data Local Exchange Carrier or "DLEC" is a CLEC interconnecting primarily for purposes of transporting data.

  • Share Exchange Ratio means the ratio at which the Transferee Bank shares shall be allotted to the Transferor Banks’ shareholders as set out in the Schedule; and

  • Private Placement Shares shall have the meaning given in the Recitals hereto.

  • Local Exchange Carrier (LEC) Shall have the meaning set forth in 47 U.S.C. §153. Local Exchange Routing Guide (LERG): The Telcordia Technologies reference customarily used to identify NPA-NXX routing and homing information, as well as equipment designation. Local Interconnection Trunk or Local Interconnection Trunk Group: One-way or two-way trunks or trunk groups used to exchange Local Traffic between a switch of one Party and a switch of the other Party.

  • Parent Share Price means the average of the volume weighted averages of the trading prices of Parent Common Shares on NYSE (as reported by Bloomberg L.P. or, if not reported therein, in another authoritative source mutually selected by Parent and the Company in good faith) on each of the 20 consecutive trading days ending on (and including) the trading day that is two trading days prior to the Closing Date.

  • Trading Date means the closing of the first sale to the general public of the Shares pursuant to a registration statement filed with and declared effective by the U.S. Securities and Exchange Commission under the Securities Act.

  • Basic local exchange service or "local exchange service" means the provision of an access line and usage within a local calling area for the transmission of high-quality 2-way interactive switched voice or data communication.

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

  • Open Market Purchase shall have the meaning specified in Section 2(I)

  • Relevant Shares means ordinary share capital of the Approved Entity that constitutes equity share capital or the equivalent (or depositary or other receipts representing the same) which is listed and admitted to trading on a Regulated Market.

  • 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.

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

  • Local exchange service means local switched telecommunications service within any local exchange service area approved by the state corporation commission, regardless of the medium by which the local telecommunications service is provided. The term local exchange service shall not include wireless communication services.

  • Minimum Transaction Size means the minimum value of subsequent subscriptions,

  • Coop Shares Shares issued by a Cooperative Corporation.