Maximum Number of Underlying Shares definition

Maximum Number of Underlying Shares means as of any date the product of (i) the Maximum Conversion Rate on such date and (ii) the sum of (a) the aggregate principal amount of outstanding Notes and (b) prior to the earlier of the expiration and any exercise in full of the Initial Purchasers’ option to purchase additional Notes as set forth in the Purchase Agreement, the aggregate principal amount of Notes that may be so purchased, in each case, expressed in thousands.

Maximum Number of Underlying Shares has the meaning given to that term in Section 5.09(b).

Maximum Number of Underlying Shares shall have the meaning specified in Section 14.02(a)(iii).

Examples of Maximum Number of Underlying Shares in a sentence

• An application for the listing of the Maximum Number of Underlying Shares having been submitted to the NASDAQ Global Select Market, and that such Maximum Number of Underlying Shares shall have been authorized for listing on NASDAQ Global Select Market, subject only to official notice of issuance.

• The Company shall at all times reserve, free from preemptive rights, out of its authorized but unissued shares or shares held in treasury, a number of shares of Common Stock equal to (i) prior to the date on which the Company has satisfied the Share Reservation Condition, the Aggregate Share Cap and (ii) on and after the date on which the Company has satisfied the Share Reservation Condition, the Maximum Number of Underlying Shares.

• The Share Reservation Condition shall be satisfied by delivery, at the Company’s option, of a Reserve Notice within 15 days of the date on which a number of shares of Common Stock equal to the Maximum Number of Underlying Shares has been duly authorized and reserved for issuance as set forth in this Section 14.02(a), and thereafter such Share Reservation Condition shall no longer have any force or effect under this Indenture or the Notes.

• The Company shall, prior to issuance of any shares of Common Stock upon conversion of Notes hereunder, satisfy the Share Reservation Condition and shall reserve from time to time such additional shares of Common Stock to permit the conversion of all outstanding Notes into Common Stock as are necessary such that the aggregate number of such reserved shares of Common Stock equals the Maximum Number of Underlying Shares as of any date of determination.

• At the beginning of summer 2016, the Government of the Central Bosnia Canton made the decision to build another secondary school in Jajce in order to achieve conditions for the ethnically-segregated education of high school students.

More Definitions of Maximum Number of Underlying Shares

Maximum Number of Underlying Shares means the product of (A) the sum of (x) a number of shares of Common Stock equal to the initial maximum conversion rate per share of the Preferred Stock set forth in the Certificate of Designation and (y) the maximum number of shares of Common Stock deliverable by the Issuer in respect of dividends payable per share of Preferred Stock (whether or not declared), multiplied by (B) the aggregate number of Securities (assuming the exercise in full of the option set forth in Section 2 herein), in each case in accordance with the terms of the Certificate of Designation.

Maximum Number of Underlying Shares means, as of any date, the product of (i) the Maximum Conversion Rate as of such date and (ii) the aggregate principal amount of outstanding Notes as of such date, expressed in thousands.

Maximum Number of Underlying Shares means the product of (A) the sum of (x) a number of shares of Common Stock equal to the initial maximum conversion rate per share of the Preferred Stock set forth in the Certificate of Designation and (y) the maximum number of shares of Common Stock deliverable by the Company in respect of dividends payable per share of Preferred Stock (whether or not declared), multiplied by (B) the aggregate number of shares of Preferred Stock in respect of the Shares (assuming the exercise in full of the option set forth in Section 2 herein), in each case in accordance with, and as adjusted pursuant to, the terms of the Certificate of Designation.

Maximum Number of Underlying Shares has the meaning set forth in Section 4(c).

Maximum Number of Underlying Shares has the meaning ascribed thereto in Section 6.1(o) hereof;

Maximum Number of Underlying Shares means, as of any date, the product of (i) the Maximum Conversion Rate on such date and (ii) the aggregate principal amount of outstanding Notes expressed in thousands.

Maximum Number of Underlying Shares means the product of (A) the number of shares of Common Stock equal to the initial maximum conversion rate per share of the Preferred Stock set forth in the Articles of Amendment, multiplied by (B) the aggregate number of shares of Preferred Stock in respect of the Shares (assuming the exercise in full of the option set forth in Section 2 herein, but without giving effect to any “Make-whole Dividend Amount” (as defined in the Articles of Amendment)), in each case in accordance with, and as adjusted pursuant to, the terms of the Articles of Amendment.