Exercisable Securities definition
Examples of Exercisable Securities in a sentence
It is agreed between the Parties that the share capital increase resulting from the exercise and/or conversion of such Exercisable Securities will occur on the Completion Date immediately prior to Completion.
At any Option Closing, Parent shall pay to the Shareholder by wire transfer of immediately available funds to an account specified by the Shareholder an amount equal to the Common Share Exercise Price multiplied by the number of Common Shares purchased pursuant to this Article II plus the Exercisable Security Exercise Price multiplied by the number of Common Shares for which the Exercisable Securities being purchased pursuant to this Article II are exercisable or convertible.
Any Exercisable Securities with an exercise price above the Common Share Exercise Price shall be transferred to Parent upon any exercise of the Option for no additional consideration.
The term "Exercisable Securities" shall mean the Company's stock options or any warrants, as further identified in EXHIBIT C (said EXHIBIT C identifying the option and/or warrant holders and the amount of Company Stock exercisable therefor), attached hereto.
The purchase and sale of any Exercisable Securities having an exercise price below the Common Share Exercise Price pursuant to Section 2.02 of this Agreement shall be at a purchase price per Common Share for which such Exercisable Security is exercisable or convertible equal to the excess of the Common Share Exercise Price over the exercise or conversion price per such Common Share (the "Exercisable Security Exercise Price" and, together with the Common Share Exercise Price, the "Exercise Price").
The Company shall immediately (x) contribute to Och-Ziff Holding a portion of any cash proceeds, assets or other consideration received from the issuance of such securities, if any, and from the exercise of any Company Exercisable Securities, if any, but excluding any Company Convertible Securities surrendered for conversion or exchange (collectively, the “Equity Proceeds”), at least equal to the Principal Entities Portion, and (y) contribute to Och-Ziff Corp.
If any Common Shares, Exercisable Securities or Convertible Securities shall be issued, sold or distributed for a consideration other than cash, the amount of the consideration other than cash received by Under Armour in respect thereof shall be deemed to be the then current Fair Market Value of such consideration.