Basic Share Proportion definition

Basic Share Proportion means the proportion in which the Parties own Shares as set forth in Sections 3.2 and 3.3, as the same may be adjusted pursuant to Section 3.8 or 4.3.
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Basic Share Proportion means, for each Shareholder, the ratio of the total number of Shares then owned by such Shareholder to the total number of issued and outstanding shares of PTS, expressed as a percentage.
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Examples of Basic Share Proportion in a sentence

  • Upon completion of the foregoing transactions, the Basic Share Proportion and Basic Loan Proportion of each Party and the third party (if applicable) shall be adjusted in accordance with its ownership percentage.

  • In the event any Party fails to notify the Board of Directors in writing within such thirty (30) day period that it will subscribe to its Basic Share Proportion of the new Shares to be issued, or notifies the Board of Directors in writing that it will not subscribe to such new Shares or will subscribe to fewer new Shares than those to which it is entitled, then the Board of Directors shall first offer such Shares (the "Non-Subscribing Party Shares") to the other Parties.

  • If the total number of Shares for which the Parties have exercised such pre-emptive right exceeds the total number of shares to be issued, then each Party exercising such pre-emptive right may acquire at least the number of Shares that bears the same ratio to the total number of Shares to be issued that such Party's Basic Share Proportion bears to the aggregate Basic Share Proportion of all Parties giving such notice.

  • Except as otherwise expressly provided in the Credit Documents, Shareholder Support shall be provided by the Parties severally, and not jointly, shall be proportionate to their respective Basic Share Proportion and Basic Loan Proportion at the time of provision of any such Shareholder Support, and shall be upon such terms and conditions as approved by a General Meeting of Shareholders.

  • Upon completion of the foregoing transactions, the Basic Share Proportion of each Party and the third party (if applicable) shall be adjusted in accordance with its ownership percentage.

  • Each Party receiving such notice shall have thirty (30) days to notify PTSC whether it desires to purchase its Basic Share Proportion of the Non-Subscribing Party Shares.

  • Should any Party elect not to subscribe for its full Basic Share Proportion of the Shares then being offered (a "Non-Subscribing Party"), then such Non-Subscribing Party shall thereafter have no greater rights than any person or entity not a Party to this Agreement to subscribe for Shares later offered by PTSC.

  • Each Party shall be entitled to subscribe for its Basic Share Proportion of any additional Shares issued by PTSC as a result of an increase in the authorized capital as specified in Section 4.

  • Upon receipt of notice from the Board of Directors of PTSC's intention to issue additional Shares, each Party shall notify PTSC within thirty (30) days whether it intends to purchase its Basic Share Proportion of the additional Shares to be issued.

  • Each Party shall be entitled to subscribe for its Basic Share Proportion of any additional Shares issued by PTSC as a result of an increase in the authorized capital as specified in Section 4.1. Upon receipt of notice from the Board of Directors of PTSC's intention to issue additional Shares, each Party shall notify PTSC within thirty (30) days whether it intends to purchase its Basic Share Proportion of the additional Shares to be issued.

Related to Basic Share Proportion

  • Class A Shareholder means a holder of Class A Shares;

  • Class A Share means a Class A ordinary share of a par value of US$0.0001 in the share capital of the Company.

  • Proportional Share means the annual revenue of a health care institution received in the form of medical assistance reim- bursement or public employee insurance from the state, divided by the total annual revenue of the health care institution.

  • Per Share Cash Consideration has the meaning set forth in Section 3.01(a)(ii).

  • Relevant Proportion means, at any time, the proportion which one Note bears to the number of all of the Notes outstanding;