Extension Shares definition

Extension Shares shall have the meaning given in the Recitals hereto.
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Extension Shares means the up to 1,212,960 SPAC Shares to be transferred by the Sponsor to certain unaffiliated third parties who executed non-redemption agreements with SPAC and the Sponsor in May 2023 pursuant to the terms thereof;
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Extension Shares means (a) the number of Parent Class A Ordinary Shares which may be issued in connection with amending Parent’s Governing Documents to give effect to any Parent Extension Proposal that is approved by Parent Shareholders, plus (b) the number of Extension Transfer Shares (as defined in the Sponsor Support Agreement), but which, together with the Shareholder Bonus Shares and the PIPE Incentive Shares, may not exceed the Bonus Shares Pool.
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Examples of Extension Shares in a sentence

  • If Borrower at any time subdivides (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the Common Stock into a greater number of shares, then, after the record date for effecting such subdivision, the number of Extension Shares and Default Shares shall be proportionately increased.

  • In the event any certificate or book entry statement representing the Extension Shares issuable hereunder shall not be delivered to the Holder within one (1) Business Day following any request hereunder, the same shall be an immediate default under this Agreement, the Note, and any other documents or agreements executed in connection with the transactions contemplated hereunder (the “Transaction Documents”).

  • Upon the occurrence of any event that requires any adjustment of the number of Extension Shares or Default Shares, Borrower shall give notice thereof to APP who shall give notice thereof to Lender, which notice shall state the increase or decrease, if any, in the number of Extension Shares and Default Shares, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based.

  • Borrower agrees to reimburse Noteholder for the Extension Shares to be delivered to investors pursuant to the non-redemption agreements executed in connection with the Extension Meetings or any future extraordinary general meeting of shareholders of the SPAC whereby shareholders vote to approve a further extension of the SPAC on a one-for-one basis in the form of newly-issued shares of common stock of the SPAC following its domestication and the closing of the Transaction (the “Reimbursement Shares”).

  • No fractional shares of Borrower's common stock shall be transferred to Lender, but upon any transfer of the Extension Shares or the Default Shares, APP shall pay a cash adjustment in respect of any fractional share that would otherwise be transferable in an amount equal to the fractional share multiplied by the market price of a share of Borrower's common stock on the date of such transfer.

  • In the event this Note is extended pursuant to the Extension, the Company shall issue to each Holder no later than five (5) business days following the 2-Year Event Date, such number of shares of Common Stock ("Extension Shares"), as shall equal the quotient obtained by dividing (i) the Principal Amount outstanding on the 2-Year Event Date, by (ii) four (4).

  • At any time prior to their transfer to Lender, the number of Extension Shares and Default Shares shall be subject to adjustment from time to time as provided in this Section 4.

  • Includes (i) 3,000,000 Class A Shares reissued against 3,000,000 Class B Shares forfeited by the Sponsor upon consummation of the business Combination as per (2) above, and (ii) 2,638,530 Remaining Bonus Shares issued to Innovo Consultancy DMCC from the 3,750,000 Bonus Share Pool, after issuance for Shareholder Bonus Shares and Extension Shares under (1) above.

  • The Extension Shares have been duly authorized and, when issued in accordance with the terms of the duly filed Certificate of Designation, will be validly issued, fully paid and non-assessable.

  • For the avoidance of doubt, the Borrower’s obligation under this subparagraph 4(b) shall survive any early prepayment of the Note, and the benefit of this subparagraph 4(b) shall inure to the person(s) obligated to transfer the Extension Shares (which is the Noteholder as of the date hereof) in the event the Note is assigned to another person by Noteholder.


More Definitions of Extension Shares

Extension Shares. As defined in Recital C.
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Extension Shares means the number of common shares in the capital of the Borrower that is valued on the Anniversary Date to be equivalent in cash value to $150,000.00 (3% of the principal amount of the Loan);
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Related to Extension Shares

  • Commitment Shares shall have the meaning set forth in Section 12.04.

  • Consideration Shares shall have the meaning set forth in Section 2.7(c).

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Note Shares means the shares of Common Stock issuable upon conversion of a Note, including any outstanding principal and accrued interest.

  • Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

  • Acquired Shares has the meaning set forth in the Recitals.

  • Acquisition Shares means the shares of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Purchase Shares has the meaning set forth in Section 2.1.

  • Series D Warrants means, collectively, the Series D Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • Additional Shares shall have the meaning specified in Section 14.03(a).

  • Purchaser Warrants means Purchaser Private Warrants and Purchaser Public Warrants, collectively.

  • Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • VWAP Purchase Share Percentage means, with respect to any particular VWAP Purchase Notice pursuant to Section 1(c) hereof, the percentage set forth in the VWAP Purchase Notice which the Buyer will be required to buy as a specified percentage of the aggregate shares traded on the Principal Market during normal trading hours up to the VWAP Purchase Share Volume Maximum on the VWAP Purchase Date subject to Section 1(c) hereof but in no event shall this percentage exceed thirty percent (30%) of such VWAP Purchase Date’s share trading volume of the Common Stock on the Principal Market during normal trading hours.

  • Broker Warrants has the meaning ascribed to such term in Section 12 hereof;

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • Exercise Shares means the shares of Common Stock issuable upon exercise of this Warrant.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Accelerated Purchase Share Percentage means, with respect to an Accelerated Purchase made pursuant to Section 2(b) hereof, thirty percent (30%).

  • Initial Notional Amount With respect to any Class or Subclass of Interest Only Certificates, the amount initially used as the principal basis for the calculation of any interest payment amount, as more specifically defined in the Series Supplement.