Daily Net Shares means in respect of any dealing day in respect of which the Daily Conversion Value exceeds one-twentieth of the Converted Bonds, the number of Ordinary Shares determined by the Calculation Agent in accordance with the following formula:
Daily Net Shares. ’ means, in respect of any Trading Day in respect of which the Daily Conversion Value exceeds an amount equal to one-twentieth of the Converted Bonds, the number of Shares determined in accordance with the following formula (rounded if necessary to five decimal places, with 0.000005 being rounded up):
Daily Net Shares means, with respect to a Trading Day, an amount equal to the following: (i) if the Daily Conversion Value for such Trading Day is equal to or lesser than fifty dollars ($50.00), then the Daily Net Shares with respect to such Trading Day shall mean an amount equal to zero (0); and (ii) if the Daily Conversion Value for such Trading Day exceeds fifty dollars ($50.00), then the Daily Net Shares with respect to such Trading Day shall mean a fraction (a) whose numerator is the excess of such Daily Conversion Value over fifty dollars ($50.00) and (b) whose denominator is the Volume-Weighted Average Price per share of Common Stock on such Trading Day.
Examples of Daily Net Shares in a sentence
Neither the Trustee nor the Conversion Agent shall have any obligation to calculate or determine or verify the calculation or determination of the Trading Price, the Closing Sale Price, the Current Market Price, the Conversion Rate, the Conversion Price, the Daily Principal Return, the Daily Conversion Values or the Daily Net Shares.
Such registrations will be confirmed as processed by email, only upon receipt of full payment.
Further, in accordance with Section 10.11 of the Indenture, for Holders that surrender their Notes at and after the Share Exchange Effective Time or at such time prior to the Share Exchange Effective Time that prevents the Cash Settlement Averaging Period from running, the Daily Conversion Value and Daily Net Shares will be calculated based on the value of the Reference Property (i.e., an amount of cash equal to the Share Exchange Consideration).
Government Regulation Our business operations are subject to various laws, including environmental, health and workplace safety laws issued by governmental agencies on the provincial and state levels.
The Company shall make all calculations under this Indenture and the Securities (including, without limitation, the Daily Principal Returns, the Daily Conversion Values, the Daily Net Shares, the Conversion Price and any adjustments to the Conversion Rate pursuant hereto) in good faith.
More Definitions of Daily Net Shares
Daily Net Shares means, with respect to a Trading Day, an amount equal to the following: (i) if the Daily Conversion Value for such Trading Day is equal to or lesser than fifty dollars ($50), then the Daily Net Shares with respect to such Trading Day shall mean an amount equal to zero (0); and (ii) if the Daily Conversion Value for such Trading Day exceeds fifty dollars ($50), then the Daily Net Shares with respect to such Trading Day shall mean a fraction (a) whose numerator is the excess of such Daily Conversion Value over fifty dollars ($50) and (b) whose denominator is the Closing Sale Price per share of Common Stock on such Trading Day.
Daily Net Shares means, with respect to any Trading Day, a number of shares of Common Stock equal to the following: (i) if the Daily Conversion Value on such Trading Day exceeds forty dollars ($40), a number of shares of Common Stock equal to a fraction whose numerator is the excess of such Daily Conversion Value over forty dollars ($40) and whose denominator is the Daily VWAP per share of Common Stock on such Trading Day; and (ii) in all other cases, a number of shares of Common Stock equal to zero (0); provided, however, that the Daily Net Shares shall be subject to adjustment pursuant to the second proviso of Section 12.02(c).
Daily Net Shares means, with respect to a Trading Day, an amount equal to the following: (i) if the Daily Conversion Value for such Trading Day is equal to or lesser than thirty three dollars and thirty three cents ($33.33), then the Daily Net Shares with respect to such Trading Day shall mean an amount equal to zero (0); and (ii) if the Daily Conversion Value for such Trading Day exceeds thirty three dollars and thirty three cents ($33.33), then the Daily Net Shares with respect to such Trading Day shall mean a fraction (a) whose numerator is the excess of such Daily Conversion Value over thirty three dollars and thirty three cents ($33.33) and (b) whose denominator is the Volume-Weighted Average Price per share of Common Stock on such Trading Day.
Daily Net Shares means, with respect to a Trading Day, an amount equal to the following: (i) if the Daily Conversion Value for such Trading Day is equal to or lesser than thirty three dollars and thirty three cents ($33.33), then the Daily Net Shares with respect to such Trading Day shall mean an amount equal to zero (0); and (ii) if the Daily Conversion Value for such Trading Day exceeds thirty three dollars and thirty three cents ($33.33), then the Daily Net Shares with respect to such Trading Day shall mean a fraction (a) whose numerator is the excess of such Daily Conversion Value over thirty three dollars and thirty three cents ($33.33) and (b) whose denominator is the Volume-Weighted Average Price per share of Common Stock on such Trading Day; provided, however, that the Board of Directors shall, in its good faith determination, which shall be described in a Board Resolution, make appropriate adjustments to such Daily Net Shares to account for any adjustments to the Conversion Rate which shall have become effective, or any event requiring an adjustment to the Conversion Rate where the Ex Date of such event occurs, during the applicable Cash Settlement Averaging Period.
Daily Net Shares means, with respect to a Trading Day, an amount equal to the following: (i) if the Daily Conversion Value for such Trading Day is equal to or less than thirty-three dollars and thirty-three cents ($33.33), then the Daily Net Shares with respect to such Trading Day shall mean an amount equal to zero (0); and (ii) if the Daily Conversion Value for such Trading Day exceeds thirty-three dollars and thirty-three cents ($33.33), then the Daily Net Shares with respect to such Trading Day shall mean a fraction (a) whose numerator is the excess of such Daily Conversion Value over thirty-three dollars and thirty-three cents ($33.33) and (b) whose denominator is the Volume-Weighted Average Price per share of the Common Stock on such Trading Day; provided, however, that the Board of Directors shall, in its good faith determination, which shall be described in a Board Resolution, make appropriate adjustments to such Daily Net Shares to account for any adjustments to the Conversion Rate which shall have become effective, or any event requiring an adjustment to the Conversion Rate where the Ex Date of such event occurs, during the applicable Cash Settlement Averaging Period. The "Ex Date" (i) when used with respect to any issuance or distribution, means the first date on which the Common Stock trades the regular way on the relevant exchange or in the relevant market from which the Closing Sale Price was obtained without the right to receive such issuance or distribution, (ii) when used with respect to any subdivision or combination of shares of Common Stock, means the first date on which the Common Stock trades the regular way on such exchange or in such market after the time at which such subdivision or combination becomes effective, and (iii) when used with respect to any tender offer or exchange offer means the first date on which the Common Stock trades the regular way on such exchange or in such market after the expiration time of such tender offer or exchange offer (as it may be amended or extended). The "Volume-Weighted Average Price" per share of the Common Stock on any Trading Day shall mean the volume-weighted average price per share of Common Stock on the NASDAQ Global Select Market or, if the Common Stock shall not be listed on the NASDAQ Global Select Market, on the principal exchange or over-the-counter market on which the Common Stock shall then be listed or traded, from 9:30 a.m. to 4:00 p.m. (New York City time) on such Trading Day as displayed by Bloomb...
Daily Net Shares means in respect of any dealing day in respect of which the Daily Conversion Value exceeds one-twentieth of the Converted Notes, the number of Class A Shares determined by the Calculation Agent in accordance with the following formula:whereA means the Daily Conversion Value on such dealing day minus one-twentieth of the Converted Notes; andVWAP shall have the meaning given to it in the definition of “Daily Conversion Value”.
Daily Net Shares means, with respect to a Trading Day, an amount equal to the following: (i) if the Daily Conversion Value for such Trading Day is equal to or less than thirty-three dollars and thirty-three cents ($33.33), then the Daily