Warrant Ratio definition

Warrant Ratio has the meaning set forth in the Recitals to this Agreement.
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Warrant Ratio means the portion of the aggregate shares of Common Stock subject to this Warrant and the Excalibur Warrant represented by the Shares, expressed as a percentage, after giving effect to any stock splits, reverse stock splits, stock dividends or combinations.
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Warrant Ratio means .010177023%, the ratio of the Initial Amount to Initial Common Outstanding on the date of issue of the First Warrant.
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Examples of Warrant Ratio in a sentence

  • However, the University is committed to ensuring that where there are hazardous AOR sources used on University premises, (or used by University staff on other employers’ premises), the University fully complies with applicable health and safety legislation with respect to work involving these sources.

  • As of the date hereof, the Company and the Investor agree that the ratio of (i) the Black Scholes Value of the Series C Warrants and the Estimated Series D Warrants to be issued to Investor hereunder and (ii) the Black Scholes Value of the Nordic Warrants anticipated to be issued in the Interim Financing Transaction equals 5.5 (the "Warrant Ratio").

  • If there is a reallocation of Warrants as contemplated by Section 10.12(c) of the Reorganization Agreement, then a similar pro rata adjustment shall be made in the Warrant Ratio.

  • Subject to the other provisions of this Article, the Warrant shall be converted into the right to receive (i) a number of shares of Acquiror Common Stock equal to (A) the Warrant Value divided by (B) the Acquiror Per Share Equity Value, and (ii) if the Working Capital Adjustment Amount is a positive number, a number of shares of Acquiror Common Stock equal to (A) the Working Capital Adjustment Amount, multiplied by (B) the Warrant Ratio, with the result divided by (C) the Acquiror Per Share Equity Value.

  • If, for any reason, including, without limitation, mistake, the aggregate number of shares subject to this Warrant and the Excalibur Warrant as of the Transaction Closing Date is more or less than 5% of the Fully-Diluted Base, this Warrant and the Excalibur Warrant shall automatically be deemed to be amended, in such respective amounts as shall maintain the Warrant Ratio, to decrease or increase such aggregate number of Shares so that it equals 5% of the Fully-Diluted Base.

  • In the event Parent shall declare and pay a cash distribution, then the Subscription Price shall be reduced by an amount equal to the amount of cash distributed per share of Common Stock multiplied by the Warrant Ratio.

  • If, for any reason, including, without limitation, mistake, the aggregate number of shares subject to this Warrant and the Ball Warrant as of the Transaction Closing Date is more or less than 5% of the Fully-Diluted Base, this Warrant and the Ball Warrant shall automatically be deemed to be amended, in such respective amounts as shall maintain the Warrant Ratio, to decrease or increase such aggregate number of Shares so that it equals 5% of the Fully-Diluted Base.

  • The "Per Share Working Capital Adjustment Amount" shall mean (A) the Working Capital Adjustment Amount, multiplied by (B) 1.0 minus the Warrant Ratio, with the result divided by (C) the number of shares of Target Common Stock outstanding immediately prior to the Effective Time (excluding any shares of Target Common Stock to be cancelled pursuant to Section 2.6(c)).

  • Y is equal to 8,000,000 (eight million) warrants Z – is the Warrant Ratio which is equal to Y divided by X which is 0.16 warrants per $1 of credit support supplier by Warrantholder.

  • Further, if a Price Criteria is met resulting in an adjustment of the Warrant Ratio, the warrant vesting allocation for the applicable period shall be increased by an additional 10% of all warrants issued and the allocations for the remaining periods shall be decreased by that same10% on a pro-rata basis.


More Definitions of Warrant Ratio

Warrant Ratio means twenty percent (20%).
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Related to Warrant Ratio

  • Adjustment ratio means the value of index A divided by index

  • Warrant Value means the fair value of all warrants, options and other similar rights issued to a third party in connection with an Alternate Transaction, determined by using a standard Black-Scholes option-pricing model using a reasonable and appropriate expected volatility percentage based on applicable volatility data from an investment banking firm of nationally recognized reputation. Reference is made to the Common Stock Purchase Agreement dated as of May 4, 2011, (the “Purchase Agreement”) between Microvision, Inc., a corporation organized and existing under the laws of the State of Delaware (the “Company”), and Azimuth Opportunity Ltd., an international business company incorporated under the laws of the British Virgin Islands. Capitalized terms used and not otherwise defined herein shall have the meanings given such terms in the Purchase Agreement. In accordance with and pursuant to Section 3.1 of the Purchase Agreement, the Company hereby issues this Fixed Request Notice to exercise a Fixed Request for the Fixed Amount Requested indicated below. Fixed Amount Requested (if Alternative Fixed Amount Requested not selected): Alternative Fixed Amount Requested Cap (if Alternative Fixed Amount Requested is selected): Pricing Period start date: Pricing Period end date: Settlement Date: Fixed Request Threshold Price: On behalf of the Company, the undersigned hereby certifies to the Investor that (i) the above Fixed Amount Requested does not exceed the Maximum Fixed Amount Requested determined in accordance with Section 3.2 of the Purchase Agreement, (ii) the sale of Shares pursuant to this Fixed Request Notice shall not cause the Company to sell or the Investor to purchase shares of Common Stock which, when aggregated with all purchases made by the Investor pursuant to all prior Fixed Request Notices issued under the Purchase Agreement, would exceed the Aggregate Limit, and (iii) to the Company’s Knowledge, the sale of Shares pursuant to this Fixed Request Notice shall not cause the Company to sell or the Investor to purchase shares of Common Stock which would cause the aggregate number of shares of Common Stock then beneficially owned (as calculated pursuant to Section 13(d) of the Exchange Act and Rule 13d-3 promulgated thereunder) by the Investor and its Affiliates to exceed the Ownership Limitation. Dated: MICROVISION, INC. By: Name Title: Address: Facsimile No. AGREED AND ACCEPTED By: Name Title: 20 The undersigned, the [ ] of Microvision, Inc., a corporation organized and existing under the laws of the State of Delaware (the “Company”), delivers this certificate in connection with the Common Stock Purchase Agreement, dated as of May 4, 2011 (the “Agreement”), by and between the Company and Azimuth Opportunity Ltd., an international business company incorporated under the laws of the British Virgin Islands (the “Investor”), and hereby certifies on the date hereof that (capitalized terms used herein without definition have the meanings assigned to them in the Agreement):

  • Current Ratio means the ratio of Current Assets to Current Liabilities.

  • Consolidated Current Ratio means, as of any date of determination, the ratio of Consolidated Current Assets to Consolidated Current Liabilities as of such date.

  • Conversion Ratio means the ratio (expressed as the number of Shares to which one Warrant relates) specified by the Issuer, subject to adjustments in accordance with these Conditions.

  • Warrant Share Number means at any time the aggregate number of shares of Warrant Stock which may at such time be purchased upon exercise of this Warrant, after giving effect to all prior adjustments and increases to such number made or required to be made under the terms hereof.

  • Warrant Share means a Common Share issuable upon exercise of one Warrant;

  • Cashless Exercise Ratio means a fraction, the numerator of which is the excess of the Current Market Value per share of Common Stock on the Exercise Date over the Exercise Price per share as of the Exercise Date and the denominator of which is the Current Market Value per share of the Common Stock on the Exercise Date.

  • Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date. Unless and until the Current Warrant Price is adjusted pursuant to the terms herein, the initial Current Warrant Price shall be $2.36 per share of Common Stock.

  • Warrant Price as used in this Agreement shall mean the price per share at which shares of Common Stock may be purchased at the time a Warrant is exercised. The Company in its sole discretion may lower the Warrant Price at any time prior to the Expiration Date (as defined below) for a period of not less than twenty (20) Business Days, provided, that the Company shall provide at least twenty (20) days prior written notice of such reduction to Registered Holders of the Warrants and, provided further that any such reduction shall be identical among all of the Warrants.

  • Debt to Capitalization Ratio means the ratio of (a) Consolidated Funded Debt to (b) Consolidated Capitalization.

  • Adjusted Dilution Ratio means, at any time, the rolling average of the Dilution Ratio for the 12 Calculation Periods then most recently ended.

  • Capitalization Ratio means, at any date of determination, the ratio of (a) Funded Debt to (b) Capitalization.

  • Quick Ratio is a ratio of Quick Assets to Current Liabilities.

  • Percentage Ratio means with respect to a Trust, the percentage relationship among the Securities based on the number of contracts of each Option per Unit, the principal amount of each Bond per Unit and the number of shares of each Equity Security per Unit compared to all Securities attributable to each Unit existing immediately prior to the related additional deposit of Securities. The Percentage Ratio shall be adjusted to the extent necessary, and may be rounded, to reflect the occurrence of a stock dividend, a stock split or a similar event which affects the capital structure of the issuer of a security."

  • Index Ratio means the Final Index Price divided by the Initial Index Price.

  • Exchange Ratio shall have the meaning set forth in Section 24(a) hereof.

  • Consolidated Capitalization Ratio on the last day of any fiscal quarter, the ratio of (a) Consolidated Total Indebtedness to (b) Consolidated Capital.

  • Adjusted Quick Ratio is the ratio of (a) Quick Assets to (b) Current Liabilities minus the current portion of Deferred Revenue.

  • Adjusted Leverage Ratio means, on any date of determination, the ratio of (i) Adjusted Liabilities to (ii) Tangible Net Worth.

  • RBC Ratio means the risk-based capital ratio of the Insurer, which will be calculated in a manner consistent with the requirements and methodologies prescribed under Massachusetts Law, as applied by the Insurer in the ordinary course of its business, consistent with its historic practice.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Preferred Share means a share of stock of the General Partner of any class or series now or hereafter authorized or reclassified that has dividend rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the REIT Shares.

  • Ratio means the Ratio as specified in § 1 of the Product and Underlying Data.

  • Dilution Ratio means, at any date, the amount (expressed as a percentage) equal to (a) the aggregate amount of the applicable Dilution Factors for the twelve (12) most recently ended fiscal months divided by (b) total gross sales for the twelve (12) most recently ended fiscal months.

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).