Exercisable Shares definition

Exercisable Shares shall have the meaning assigned to that term in Section 8.5 hereof.

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Exercisable Shares has the meaning set forth in Section 6.11.

Exercisable Shares means the Common Shares that may be issued pursuant to, and in accordance with, a properly exercised Warrant, subject to and upon the terms and conditions contained therein.

Examples of Exercisable Shares in a sentence

• The date specified in the Optionee's notice as the date of exercise shall be deemed the date of exercise of the Option, provided that payment in full for the Exercisable Shares to be purchased upon such exercise shall have been received by such date.

• The notice of exercise shall specify the number of Exercisable Shares as to which the Option is to be exercised and the date of exercise thereof, which date shall be at least five days after the giving of such notice unless an earlier time shall have been mutually agreed upon.

• Full payment (in U.S. Dollars) by the Optionee of the Exercise Price for the Exercisable Shares purchased shall be made on or before the exercise date specified in the notice of exercise in cash, or, with the prior written consent of the Board, in whole or in part through the surrender of previously acquired shares of Common Stock (valued at their fair market value on the exercise date).

• If the Company at any time after the Option Grant Date combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the Exercise Price in effect immediately prior to such combination will be proportionately increased and the number of Exercisable Shares issuable upon exercise of this Option will be proportionately decreased.

• The Optionee may exercise the Option at any time with respect to all or any part of the Exercisable Shares by giving the Secretary of the Company written notice of intent to exercise.

More Definitions of Exercisable Shares

Exercisable Shares is defined in Section 2.04.

Exercisable Shares has the meaning assigned to that term in Section 8.7 hereof.

Exercisable Shares means Shares for which this Option may be exercised, and “Non-Exercisable Shares” means Shares for which this Option may not be exercised. Notwithstanding anything to the contrary contained herein, this Option may not be exercised with respect to any Shares on or after the earlier of (i) the date the Option terminates and is canceled and (ii) the Expiration Date.

Exercisable Shares means, with respect to each In the Money Option that remains outstanding immediately prior to the Effective Time, the number of Company Common Shares for which such In the Money Option is exercisable immediately prior to the Effective Time.

Exercisable Shares means the number of Common Shares with respect to which the Employee is entitled to exercise his Option at the Surrender Date;

Exercisable Shares has the meaning set forth in Section 6.11. Fee Letter means, that certain letter agreement dated as of even date herewith between Agent and Borrower, as amended, restated or otherwise modified from time to time.

Exercisable Shares means, for each Holder, the number of Option Shares equal to (x) the aggregate principal amount of Notes owned by such Holder divided by the aggregate amount of Notes held by all Holders, in each case as of the date of this Agreement,