Examples of First Tranche Options in a sentence
The First Tranche Options shall not become exercisable if the First Tranche Share Price Component is not satisfied on or before the fifth anniversary of the Date of Grant.
The Company must seek Shareholder approval for the First Follow On Tranche, the First Tranche Options and the First Follow On Tranche Options at a Shareholder meeting to be called and held within 45 days of the date of the Convertible Note Deed, which is the meeting convened by this Notice.
However, the number of Outstanding First Tranche Options will be added to the number of Second Tranche Options.Further, any Second Tranche Option that has not been exercised before the expiry of its applicable Last Exercise Date (each an Outstanding Second Tranche Option) will lapse, be cancelled and be of no further effect or value.
To the extent First Tranche Options or Second Tranche Options do not vest because of failure to achieve the EPS growth target hurdle, the Options will lapse.
Some low quality trees and scrub would be lost in the area where the Bramcote Lane tram stop is proposed.
The initial purchase price per share for the First Tranche Options shall be the fair market value per share of the Company's common stock as of the date hereof and the initial purchase price per share for the Second Tranche Options, if granted, shall be the fair market value per share of the Company's Common Stock on December 31, 1999.
In addition, the issue of the First Tranche Options will be excluded from the calculation of the number of equity securities that the Company can issue without Shareholder approval under Listing Rule 7.1. If Resolution 3 is not passed, the Company will not be able to proceed with the issue of the First Tranche Options.
Resolution 3 seeks Shareholder approval for the issue of 8,927,209 free attaching Options with an exercise price of $0.30 each expiring two (2) years from the date of issue (First Tranche Options).
The Group has sufficient resources to exercise the First Tranche Options but will consider its financing options when it intends to exercise any of the First Tranche Options.
The Company is of the view that the Acquisition represents an unique opportunity for the Company to invest into and eventually, with the exercise of the First Tranche Options and the Second Tranche Option if deemed fit, to gain control of a quality company engaging in property investments and management.