Examples of Dilution Notice in a sentence
The vial has a listed titer to use as an additional check for the test system (see 1+ Dilution Notice).
For the purposes of this Section 4.4, the date as of which the Current Market Value per share of Common Stock shall be computed shall be the earlier of (x) the date on which the Company shall enter into a firm contract for the issuance of such additional shares of Common Stock or (y) the date of actual issuance of such additional shares of Common Stock.
The Dilution Notice shall also specify the number of Further Shares to be issued to the Investors and Promoters (“Entitlement”) such that the Investors and Promoters can maintain their proportion of Shareholding.
If the Failing Member has not made, within ten (10) days of the delivery to it of the Dilution Notice, an additional Capital Contribution to the Company in an amount equal to the Default Amount, then the Non-Failing Members may make an additional Capital Contribution to the Company in an amount not in excess of the Default Amount.
Within thirty (30) days of Dilution Notice, the Company shall issue an amount of Shares to the Contributing Shareholders that will increase the percentage Shareholdings of the Contributing Shareholders to the Adjusted Shareholding Percentage.
The Dilution Notice shall provide details of the issuance and allotment of the Dilution Instrument, including the effective price per Dilution Instrument and any other information which the Company deems necessary for enabling the HNI Investor to exercise the Full Ratchet Right.
Several points require highlighting in light of the Shaikh’s statement.
The HNI Investor may indicate, by providing a written notice (“ Exercise Notice”) to the Company (with a copy to REL) within 7 (Seven) Business Days of the receipt of the Dilution Notice under Article 266, the HNI Investor’s intention of exercising the Full Ratchet Right.
Pursuant to a the Dilution Notice the dilution of the Defaulting Shareholder's shareholdings in the Company shall be first based upon the Capital Dilution described below in Section 7.5.1 and followed, if so requested by the Contributing Shareholder under the Dilution Notice by the Market dilution described in Section 7.5.2.
Such Dilution Notice shall also set forth the per share price for such Additional Shares which shall be the average of the "close" prices (the "Close Prices") of Class B Common Stock as reported in The Wall Street Journal (or as otherwise reasonably determined by the Board of Directors if such price is not so reported) on the last trading day of each week during the six-month period preceding the date as of which the calculation is made (the "Calculation Period").