Exchanged Basis definition

Exchanged Basis means, when referring to a number of shares of Common Stock or Preferred Stock, the number of shares of Common Stock or Preferred Stock determined when assuming the exchange for such shares of all then outstanding Common Exchangeable Shares and Preferred Exchangeable Shares, respectively;
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Examples of Exchanged Basis in a sentence

  • At such times as an Investor Party may reasonably request, the Company will provide each Investor Party with information regarding the number of shares of Company Common Stock outstanding and, calculated separately, on a Fully Exchanged Basis and fully diluted basis.

  • In the event of an oversubscription, the oversubscribed amount shall be allocated among such Fully Exercising Holders pro rata based on the number of shares of Stock (on an As Exchanged Basis) owned by each of them.

  • For the purposes of determining the number of shares an Investor is entitled to sell or purchase pursuant to this Section 1.2, the shares held by an Investor shall be deemed to include any shares of Stock (on an As Exchanged Basis) held by members, partners, officers, employees and affiliates of an Investor that are not themselves Investors (“Affiliates”) and any members, partners, officers or employees of such Investor’s Affiliates.

Related to Exchanged Basis

  • Exchanged Shares has the meaning ascribed thereto in Section 2.1.

  • Qualified Basis means the portion or percentage of the Eligible Basis that qualifies for the Tax Credit. It is calculated by multiplying the Eligible Basis by the Applicable Fraction.

  • Fully Diluted Basis means, when calculating the number of Outstanding Units for any period, a basis that includes, in addition to the Outstanding Units, all Partnership Securities and options, rights, warrants and appreciation rights relating to an equity interest in the Partnership (a) that are convertible into or exercisable or exchangeable for Units that are senior to or pari passu with the Subordinated Units, (b) whose conversion, exercise or exchange price is less than the Current Market Price on the date of such calculation, (c) that may be converted into or exercised or exchanged for such Units prior to or during the Quarter immediately following the end of the period for which the calculation is being made without the satisfaction of any contingency beyond the control of the holder other than the payment of consideration and the compliance with administrative mechanics applicable to such conversion, exercise or exchange and (d) that were not converted into or exercised or exchanged for such Units during the period for which the calculation is being made; provided, however, that for purposes of determining the number of Outstanding Units on a Fully Diluted Basis when calculating whether the Subordination Period has ended or Subordinated Units are entitled to convert into Common Units pursuant to Section 5.7, such Partnership Securities, options, rights, warrants and appreciation rights shall be deemed to have been Outstanding Units only for the four Quarters that comprise the last four Quarters of the measurement period; provided, further, that if consideration will be paid to any Group Member in connection with such conversion, exercise or exchange, the number of Units to be included in such calculation shall be that number equal to the difference between (i) the number of Units issuable upon such conversion, exercise or exchange and (ii) the number of Units that such consideration would purchase at the Current Market Price.

  • Adjusted Basis has the meaning given such term in Section 1011 of the Code.

  • CDS Global Warrants means Warrants representing all or a portion of the aggregate number of Warrants issued in the name of the Depository represented by an Uncertificated Warrant, or if requested by the Depository or the Corporation, by a Warrant Certificate;