ADS Ratio definition
ADS Ratio has the meaning set forth in the Existing Warrant Certificate and Effective Date Warrant Certificate.
ADS Ratio means the ratio of ADSs to Ordinary Shares then in effect.
ADS Ratio means the number of ADSs (or fraction thereof) that represents one (1) share of Miami Common Stock, which number shall equal one (1) unless otherwise agreed in writing by Houston and Miami prior to the Closing.
Examples of ADS Ratio in a sentence
If, after the Issue Date, the ADS Ratio is increased or reduced, then the number of Warrant ADSs (represented by ADRs) to be issued on exercise of this Warrant Certificate will be reduced or increased (respectively) in inverse proportion to the change in the ADS Ratio, and the Exercise Price per Warrant ADS will be increased or reduced (respectively) in proportion to the change in the number Ordinary Shares issuable per ADS, so that the aggregate Exercise Price remains unchanged.
More Definitions of ADS Ratio
ADS Ratio means, as of the Effective Time, the number of Parent Ordinary Shares represented by one Parent ADS. “affiliate” of any person means another person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such first person. Notwithstanding anything to the contrary herein, none of Parent or any Parent Subsidiary will be considered an affiliate of the Company or any Company Subsidiary, and neither the Company nor any Company Subsidiary will be considered an affiliate of Parent or any Parent Subsidiary.
ADS Ratio will have the meaning ascribed to such term in Section 4.1.
ADS Ratio the ratio of Shares per ADS in place from time to time that indicates the number of Shares that an ADS represents, which at the date of grant is five Shares to one ADS; “AIM” a market operated by the London Stock Exchange;
ADS Ratio means the number of Shares represented by each ADS, which as at the date of this Deed is 45.
ADS Ratio means, as of the Effective Time, the number of Parent Ordinary Shares represented by one Parent ADS.
ADS Ratio means the number of Class A Ordinary Shares represented by one American Depositary Share of the Company (“ADS”), as in effect from time to time in accordance with the Company’s deposit agreement with the Depositary.
ADS Ratio means 0.20, or such other ratio as is agreed to by the parties hereto in writing prior to the First Effective Time.