Equivalent Transaction definition
Equivalent Transaction means a Transaction governed by a new agreement on the same material terms as this Agreement and on the same material economic terms as the Replaced Transaction, and with the same Trade Date as the Replaced Transaction, except that:
Equivalent Transaction has the meaning specified in Section 9.10.
Equivalent Transaction. A put option transaction in respect of Shares on substantially the same terms as the Transaction entered into between Party B (as seller) and another party (as buyer) concurrently with a subscription of Shares by such party similar to the Share Subscription. Month: A period starting on one day in a calendar month and ending on the numerically corresponding day in the next calendar month, except that if there is no numerically corresponding day in the calendar month in which that period is to end, that period shall end on the last day in that calendar month. The above rules will only apply to the last Month of any period.
Examples of Equivalent Transaction in a sentence
For a Seller Settlement Notice, the ratio (expressed as a percentage and rounded to the nearest two decimal points) equal to: (i) the Number of Exercisable Options under the Transaction on the date of such Seller Settlement Notice; divided by (ii) the sum of the Number of Exercisable Options under the Transaction and any other outstanding Equivalent Transaction on such date.
More Definitions of Equivalent Transaction
Equivalent Transaction means, with respect to any proposed Piggy-Back Registration, the sale, pursuant to Rule 144A or any successor rule thereto, of the Registrable Securities proposed to be sold in such Piggy-Back Registration, which sale, in the good faith judgment of the holders of a majority of such Registrable Securities after consultation with a reputable investment banking firm, is likely to result in sales proceeds of 95% or more of the greater of (i) the sales proceeds pursuant to such Piggy-Back Registration and (ii) if the class of securities of which the Registrable Securities is a part is traded on a national securities exchange or the Nasdaq National Market System, the market price thereof.