Examples of Exercising Holders in a sentence
The costs of the investment bankers retained in accordance with this Section 7.4 shall be borne equally by RSI and the Exercising Holders (pro rata based on the respective number of shares sold), or, in the case of the 2000 Put Right or if there shall be no Exercising Holders, equally by RSI and CarrAmerica.
Each overpurchasing Exercising Holder shall be obligated to purchase such number of additional Transfer Shares as determined by the Selling Shareholder pursuant to this subsection (d) and the Selling Shareholder shall so notify such Exercising Holders within fifteen (15) Business Days from the date of the Second Transfer Notice.
Pursuant to the Exercise Agreements, the Exercising Holders and the Company agreed that the Exercising Holders would exercise their Original Warrants with respect to 790,411 shares of Common Stock underlying such Original Warrants for a reduced exercise price equal to $2.70 per share (the “Reduced Exercise Price”).
After the demand signal is realized, the manufacturer buys back the extra units from the retailers who are expecting low demand, at a buy-back price b, and offers these units to those retailers who are expecting high demand at a price w¯.
If the options to purchase the remaining shares are exercised in full by the Exercising Holders, the Company shall immediately notify all of the Exercising Holders and the selling Holder of that fact.
The "Fair Market Value" of the Series A Preferred to be purchased by the Corporation under this Section 5 shall be determined in good faith by the Board (excluding any member of the Board appointed or designated by the holders of Series A Preferred) and the Corporation shall give written notice of such determination and the basis therefor in reasonable detail to the Exercising Holders within five (5) business days after the Redemption Date (the "Company Notice").
In connection therewith, the Company received acceptance of the reprice offer (the “Acceptance”) from one holder on the same date and entered, also on the same date, into Warrant Exercise Agreements (the “Exercise Agreements”) with another holder of the Original Warrants (the “Exercising Holders”), which Exercising Holders own, in the aggregate, Original Warrants exercisable for 404,587 shares of Common Stock.
The Company expects to receive aggregate gross proceeds of approximately $400,000 from the exercise of the Original Warrants by the Exercising Holders.
The Company expects to receive aggregate gross proceeds of approximately $2.134 million from the exercise of the Original Warrants by the Exercising Holders.
Pursuant to the Acceptance and the Exercise Agreements, the Exercising Holders and the Company agreed that the Exercising Holders would exercise their Original Warrants with respect to 241,324 shares of Common Stock underlying such Original Warrants for the Reduced Exercise Price.