Daily Share Number definition
Daily Share Number. For any Unwind Date, the number of Designated Shares with respect to which Dealer or its affiliates unwind any portion of Dealer’s Hedge Positions in respect of the relevant Designated Date.
Daily Share Number. For any Unwind Date, the number of Designated Shares with respect to which Barclays or its affiliates unwind any portion of Barclays’ Hedge Positions in respect of the relevant Designated Date.
Daily Share Number means, for each Selling Stockholder, (A) for each Sale Date that is a Series C Valuation Day in respect of the Automatic Conversion Pricing Period that commences on the date hereof, the VWAP Conversion Fraction (as defined in the Certificate of Designations, subject to the provisions set out in the paragraph below immediately following the definition of “Calculation Agent”) with respect to such Sale Date as applied to the Number of Preferred Securities for such Selling Stockholder, and (B) for each Sale Date occurring after the last Series C Valuation Day in respect of such Automatic Conversion Pricing Period, a number equal to the quotient obtained by dividing the number of Remaining Shares for such Selling Stockholder by the number of Series C Valuation Days that were not Good Trading Days; provided that J▇▇▇▇ ▇▇▇▇ may elect on behalf of all (but not less than all) of the Selling Stockholders, by telephonic and e-mail notice to CSI prior to 9:00 A.M., New York City time, on any Sale Date, that the sum of the Daily Share Numbers for all Selling Stockholders for such Sale Date shall be a number (which number may, for the avoidance of doubt, be determined by a formula) specified in such notice (a “Selling Stockholder Direction”), in which case the Daily Share Number for each Selling Stockholder for such Sale Date shall be determined proportionally based on the Number of Preferred Securities for each Selling Stockholder; provided further that, in the event of a Selling Stockholder Direction, (i) such aggregate Daily Share Number shall not exceed the greater of the VWAP Conversion Fraction, as applied to all outstanding Preferred Securities, with respect to such Sale Date (determined as if such Sale Date were a Trading Day during a Conversion Pricing Period) and 5,000,000 shares of Common Stock and (ii) the sum of the Daily Share Numbers for all Selling Stockholders for all Sale Dates shall not exceed the aggregate number of shares of Common Stock that J▇▇▇▇ ▇▇▇▇ reasonably believes, in consultation with CSI, that the Selling Stockholders will receive upon conversion of all of the outstanding Preferred Securities.
More Definitions of Daily Share Number
Daily Share Number means the actual number of shares of Common Stock purchased and paid for by the Holder pursuant to the Purchase Agreement divided by 240 annual Trading Days, being 23,333 shares of Common Stock.
Daily Share Number. For any Unwind Date, the number of Designated Shares with respect to which Barclays or its affiliates unwind any portion of Barclays’ Hedge Positions in respect of the relevant Designated Date. For the avoidance of doubt, in unwinding Barclays’ Hedge Positions in respect of any Designated Shares and determining the Daily Share Number for any Unwind Date in connection with any Net Share Settlement, Barclays or its affiliates, as applicable, will take into account, and, for such purpose, assume receipt or delivery of, a number of Shares equal to the sum of (i) (x) the Aggregate Net Share Number for such Unwind Date minus (y) the Aggregate Net Share Number for the immediately preceding Unwind Date of the same Unwind Period, if any (or zero if there is no such preceding Unwind Date) and (ii) the number of shares corresponding to the Unwind Adjustment Amount applicable to such Unwind Date, if any. Settlement Price: For any Unwind Date, the weighted average price per Share at which Barclays or its affiliates unwind any portion of Barclays’ Hedge Positions on such Unwind Date in respect of the relevant Designated Date. Net Share Settlement: If Net Share Settlement is applicable, then on the relevant