Applicable Number of Shares definition

Applicable Number of Shares means at any date of determination a number of shares of Common Stock equal to the difference between (a) the Initial Number of Shares, less (b) the number of shares of Common Stock which were issued pursuant to the exercise of any Warrant, as determined immediately prior to such date (giving effect to any stock splits or combinations, or any dividends paid or payable in shares of Common Stock, after the issuance of such shares).

Applicable Number of Shares means at any date of determination a number of shares of Common Stock equal to the difference between (a) the Initial Number of Shares, less (b) the number of shares of Common Stock which were issued pursuant to the exercise of this Warrant, as determined immediately prior to such date (giving effect to any stock splits or combinations, or any dividends paid or payable in shares of Common Stock, after the issuance of such shares).

Applicable Number of Shares means, with respect to a Shareholder, one-third (1/3) of the number of shares of Class A Voting Common Stock owned of record or beneficially by such Shareholder as of the date hereof.

Examples of Applicable Number of Shares in a sentence

• On a date separately determined by the Company’s board of directors, the Company may acquire all of the Stock Acquisition Rights that have not been exercised before or on the day immediately prior to such date determined by the Company’s board of directors, that are held by parties other than Non-Qualified Parties (if any) and, in exchange, deliver shares in the Company in the number equivalent to the Applicable Number of Shares for each Stock Acquisition Right.

• On a day separately determined by the Company’s board of directors, the Company may acquire all of the Stock Acquisition Rights that have not been exercised before or on the business day immediately prior to such date determined by the Company’s board of directors, that are held by parties other than Non-Qualified Parties and, in exchange, deliver shares in the Company in the number equivalent to the number of the Applicable Number of Shares for every one Stock Acquisition Right.

• In addition, on a date separately determined by the Board of Directors, the Company may acquire the Share Options that are held by parties other than Non-Qualified Parties and, in exchange, deliver shares of common stock in the Company as consideration in the number equivalent to the Applicable Number of Shares on that acquisition date for each Share Option.

• On a date separately determined by the Company’s board of directors, the Company may acquire all of the Stock Acquisition Rights that have not been exercised on or before the day immediately prior to such date determined by the Company’s board of directors, that are held by parties other than Non-Qualified Parties (if any) and, in exchange, deliver shares in the Company in the number equivalent to the Applicable Number of Shares for every one Stock Acquisition Right.

• Then, the Company may, in exchange, deliver the Company’s shares in a number equivalent to the number of the Applicable Number of Shares for every one (1) Stock Acquisition Right.

More Definitions of Applicable Number of Shares

Applicable Number of Shares means, for each Investor, such number of shares of Preferred Exchange Stock (which may be zero) as would be necessary to cause such Investor, immediately following the closing of the IPO, to beneficially own (for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended and the rules and regulations promulgated thereunder (collectively, the “Exchange Act”)), when aggregated with such Investor’s affiliates who are also party hereto, not more than 9.99% (or such other amount as may be agreed to by the Company and the applicable Investor) of the Company’s Voting Common Stock. The exchange of the Preferred Exchange Stock for the Non-Voting Common pursuant to this Agreement is referred to herein as the “Exchange.”

Applicable Number of Shares means (i) 376,910.

Applicable Number of Shares means 1,081,618.”

Applicable Number of Shares means the total of each of the following which is outstanding immediately prior to Closing: (A) each share of Common Stock, (B) each share of Series A Preferred Stock, and (C) the total number of shares subject to an outstanding employee stock option or outstanding warrant (other than the Canterbury Warrant). Option Equivalent Stock shall apply to all the outstanding employee stock options and warrants of Executive, other than the Canterbury Warrant.

Applicable Number of Shares means a number equal to the quotient obtained by dividing (a) Aggregate Purchase Price (expressed in U.S. Dollars) divided by the product of 1.4 multiplied by $0.17771 by (b) 1,000, with the result rounded down to the nearest whole share.

Applicable Number of Shares has the meaning set forth in Section 1.3.

Applicable Number of Shares means (i) 1,524,693, plus (ii) from and after, and contingent upon, the funding of the Loan made under Tranche 1, 1,016,462, plus (iii) from and after, and contingent upon, the funding of the Loan made under Tranche 2, 508,231.