Share Coverage Clause Samples

The Share Coverage clause defines the extent to which shares are protected or guaranteed under a particular agreement. Typically, this clause outlines the number or percentage of shares that are subject to certain rights, such as anti-dilution protection or buyback provisions, ensuring that shareholders maintain a specified level of ownership or value. Its core practical function is to safeguard investors or stakeholders from dilution or loss of value, thereby providing certainty and stability regarding their shareholding position.
POPULAR SAMPLE Copied 1 times
Share Coverage. The Issuer shall ensure that is has reserved and available exclusively for the Issuer in case of the conversion of any Notes, at all times when Notes are outstanding, a number of shares (reserved treasury shares and reserved unissued shares from conditional share capital) equal to 150% of the outstanding aggregate principal amount converted into CHF using the Noteholder's Rate of Exchange divided by the applicable Conversion Price B.
View SourceView Similar (2)
Share Coverage. The number of Warrant Shares for which this Warrant may be exercised shall be 4,596,786 shares of Common Stock, subject to adjustment as provided herein.
View SourceView Similar (3)
Share Coverage. The Reinsurer shall pay to the Reinsured a provisional payment for Losses reinsured under the Calendar Year Variable Quota Share Coverage equal to 7.5% of the amount of the Reinsured's Losses during each calendar quarter during the Term of this Agreement no later than the later of (i) thirty (30) days after the end of such calendar quarter, and (ii) ten (10) business days following the receipt by the Reinsurer of a schedule setting forth the amount of the Reinsured's Losses during such quarter. Sixty (60) days after the end of each Calendar Year (or any shorter
View SourceView Similar (3)
Share Coverage. On each Closing Date it has reserved, exclusively for the Investor, and has available, for the Investor in case of the conversion of any Notes, a number of shares (reserved treasury shares and reserved unissued shares from conditional share capital) equal to 150% of the outstanding aggregate principal amount including, for the avoidance of doubt, the Tranche to be issued on the relevant Closing Date, converted into CHF using the Noteholder's Rate of Exchange on the relevant Closing Date, divided by the applicable Conversion Price B.
View SourceView Similar (2)
Share Coverage. The Reinsurer shall pay to the Reinsured a provisional payment for Losses reinsured under the Calendar Year Variable Quota Share Coverage equal to 7.5% of the 8 amount of the Reinsured's Losses during each calendar quarter during the Term of this Agreement no later than the later of (i) thirty (30) days after the end of such calendar quarter, and (ii) ten (10) business days following the receipt by the Reinsurer of a schedule setting forth the amount of the Reinsured's Losses during such quarter. Sixty (60) days after the end of each Calendar Year (or any shorter period in the event of a termination) the Reinsured shall prepare and forward to the Reinsurer a loss account showing for such Calendar Year (or shorter period) and the Underwriting Year, all Losses, Written Premium, Earned Premium and Gross Risk in Force. Within ten (10) days after the Reinsurer's receipt of the loss account for a particular Calendar Year (or shorter period), the Reinsurer and the Reinsured shall transfer funds between them so as to reconcile the difference between (i) the Reinsured's Calendar Year's Losses reimbursed and reimbursable hereunder, and (ii) the sum of the provisional payments for Losses and payments of ceding commissions made by the Reinsurer with respect to the calendar quarters during such Calendar Year (or shorter period).
View SourceView Similar (2)
Share Coverage. At the Initial Closing, EPOD shall issue Warrants to the Purchasers to purchase up to One Hundred Seventy-Two Thousand Four Hundred Fourteen (172,414) shares of Common Stock or EPOD Shares, as applicable. The Warrants issued at any Closing to a Purchaser shall be issued such that the number of shares of Common Stock subject to each Warrant shall be equal to the number of shares of Common Stock into which the aggregate principal amount of all Debentures issued to such Purchaser at such Closing is convertible. At any subsequent Closing pursuant to Section 1.07, the Corporation shall issue Warrants to each Purchaser in the amount set forth in the preceding sentence. The term of any Warrant issued hereunder shall be for a period of five (5) years following the applicable Closing Date.
View Source

Related to Share Coverage

  • Insurance Coverage The Company and each Subsidiary maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company and each Subsidiary, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

  • Life Coverage Paragraph 1: The Board shall provide a group term life coverage in the sum of

  • Employee Coverage For employee dental coverage, the Employer contributes an amount equal to the lesser of ninety percent (90%) of the employee premium of the State Dental Plan, or the actual employee premium of the dental plan chosen by the employee. However, for calendar years beginning January 1, 2019, the minimum employee contribution shall be thirteen dollars and fifty cents ($13.50) per month.

  • Insurance Coverages The Consultant shall procure and maintain, at its sole cost and expense, in a form and content satisfactory to City, during the entire term of this Agreement including any extension thereof, the following policies of insurance which shall cover all elected and appointed officers, employees and agents of City: (a) General Liability Insurance (Occurrence Form CG0001 or equivalent). A policy of comprehensive general liability insurance written on a per occurrence basis for bodily injury, personal injury and property damage. The policy of insurance shall be in an amount not less than $1,000,000.00 per occurrence or if a general aggregate limit is used, then the general aggregate limit shall be twice the occurrence limit.

  • Life Insurance Coverage a) Fifteen thousand ($15,000) dollars life insurance policy with AD&D from an insurance carrier selected by the Board, subject to the provisions of this section. b) Employees who have Board-provided term life insurance shall have a thirty- one (31) day conversion right upon termination of employment. Any employee electing the right to conversion in order to keep term life insurance in force, must contact the insurance carrier within thirty-one (31) days of the last day of employment. c) The life insurance policy shall pay to the employee’s beneficiary the aforementioned sum within the underwriting rules and regulations as set forth by the insurance carrier.