Underlying Stock definition

Underlying Stock shall refer to the Common Shares or other securities or property issuable or issued upon exercise of the Options.

Underlying Stock means each of the common stock of Deere & Company, the common stock of D.R. Horton, Inc. and the common stock of Xerox Corporation. The “Pricing Date” shall mean August 28, 2018. The “Lowest Performing Underlying Stock” for any Calculation Day (including the Call Dates) will be the Underlying Stock with the lowest Performance Factor on that Calculation Day (as such Calculation Day may be postponed for one or more Underlying Stocks).The “Performance Factor” with respect to an Underlying Stock on any Calculation Day (including the Call Dates) is its Stock Closing Price on such Calculation Day divided by its Starting Price (expressed as a percentage). The “Starting Price” with respect to the common stock of Deere & Company is $146.50, its Stock Closing Price on the Pricing Date; with respect to the common stock of D.R. Horton, Inc. is $45.32, its Stock Closing Price on the Pricing Date; and with respect to the common stock of Xerox Corporation is $27.64, its Stock Closing Price on the Pricing Date. The “Ending Price” of an Underlying Stock will be its Stock Closing Price on the Final Calculation Day. The “Downside Threshold Price” with respect to the common stock of Deere & Company is $73.25, which is equal to 50% of its Starting Price; with respect to the common stock of D.R. Horton, Inc. is $22.66, which is equal to 50% of its Starting Price; and with respect to the common stock of Xerox Corporation is $13.82, which is equal to 50% of its Starting Price. The “Call Threshold Price” with respect to the common stock of Deere & Company is$139.175, which is equal to 95% of its Starting Price; with respect to the common stock of D.R. Horton, Inc. is $43.054, which is equal to 95% of its Starting Price; and with respect to the common stock of Xerox Corporation is $26.258, which is equal to 95% of its Starting Price. The “Stock Closing Price” with respect to each Underlying Stock on a Calculation Day, means the product of the Closing Price of such Underlying Stock and the Adjustment Factor for such Underlying Stock, each on such Calculation Day. The “Adjustment Factor” for each Underlying Stock is initially 1.0. The Adjustment Factor for each Underlying Stock will remain constant for the term of this Security, subject to adjustment for certain corporate events relating to the applicable Underlying Stock Issuer as set forth below under “—Adjustment Events.”

Underlying Stock means the shares of Common Stock or Series A Preferred Stock issuable or issued upon the exercise of the Warrants.

Examples of Underlying Stock in a sentence

• Any unexercised Warrants shall expire and the rights of the Holders of such Warrants to purchase Underlying Stock shall terminate at the close of business on the Expiration Date.

• The Company covenants that it will at all times ensure that the directors of the Company have the requisite authority to issue and allot, free from preemptive rights, such number of Ordinary Shares or other Underlying Stock as shall then be issuable upon the exercise of all Warrants issued hereunder.

• So long as the Underlying Stock is that of Xxxx Corporation and the Required Stockholder Approval has not been obtained, no A-Warrant shall be exercisable for more than a number of shares of Common Stock equal to a fraction, whose numerator shall be the Total Cap and whose denominator shall be 6,389,378 (the “Per Warrant Cap”).

• Daily Settlement Price The official closing price of the Underlying Stock on Oslo Børs each day adjusted for Fair Value.

• Except as otherwise expressly provided herein, all adjustments to the Exercise Price, the number of shares of Underlying Stock or the type and amount of cash, securities or other property issuable upon the exercise of the Warrants shall apply to all Warrants outstanding as of the effective date of such adjustment, whether vested or unvested.

More Definitions of Underlying Stock

Underlying Stock refers to the Shares (or Other Securities) issuable under this Warrant Agreement pursuant to the exercise, in whole or in part, of the Representatives' Warrants. The purchase and sale of the Representatives' Warrants shall take place, and the purchase price therefor shall be paid by delivery of your check, simultaneously with the purchase of and payment for any Shares as provided in the Underwriting Agreement between the Company and you, dated the date hereof.

Underlying Stock means those shares of the Company's Common Stock issuable upon (i) conversion of the Series S Preferred Stock and (ii) exercise of any Warrants.

Underlying Stock means the stock subject to being purchased upon the exercise of a call option.

Underlying Stock means each of the common stock of Lowe’s Companies, Inc., the common stock of Intel Corporation, the common stock of Delta Air Lines, Inc. and the common stock of JPMorgan Chase & Co.

Underlying Stock shall have the meaning set forth in the Warrant Agreement.

Underlying Stock means the class and series of equity interests issuable or issued upon the exercise of the Warrants from time to time, being Ordinary Shares as of the Issuance Date.

Underlying Stock means all shares of Common Stock into which the Series B Preferred Stock is convertible, and all other shares of capital stock received on account of such shares of Series B Preferred Stock or Common Stock in respect of any stock split, stock dividend, recapitalization, reorganization or other similar corporate event.