Initial Number of Shares definition

Initial Number of Shares means the number of shares of Common Stock, rounded down to the nearest integer, equal to the product of (i) the Initial Delivery Percentage and (ii) the Purchase Price divided by the Initial Share Price.

Initial Number of Shares means the number of shares of the Initial Registrable Securities.

Initial Number of Shares. [_____] “Monthly Purchases”? (If yes, check box): ☐ (If yes, complete the following):

Examples of Initial Number of Shares in a sentence

• The Seller’s obligation to deliver the Initial Number of Shares to the Purchaser on the Initial Settlement Date is subject to the condition that the representations and warranties made by the Purchaser in the Agreement shall be true and correct as of the date hereof and the Initial Settlement Date.

• Notwithstanding the requirement to register all Registrable Securities, the Company's obligation to register the Registrable Securities shall initially be satisfied by the registration of the Initial Number of Shares to Be Registered (as defined below).

• Initial Number of Shares: For each Transaction, as specified in the Supplemental Confirmation, to be the aggregate number of Shares sold through the Agent, acting as forward seller for Dealer pursuant to the Sales Agreement, during the period from and including the Trade Date through and including the Hedge Completion Date.

• For each Transaction, the Initial Number of Shares; provided that on each Settlement Date, the Number of Shares shall be reduced by the number of Settlement Shares for such Settlement Date.

• Notwithstanding the requirement to register all Registrable Securities, the Company’s obligation to register the Registrable Securities shall initially be satisfied by the registration of the Initial Number of Shares to Be Registered (as defined below).

More Definitions of Initial Number of Shares

Initial Number of Shares means the number of shares of Common Stock specified as such in the Pricing Supplement.

Initial Number of Shares shall have the meaning assigned to it in the introduction to this Warrant.

Initial Number of Shares means the number of shares of Company Common Stock equal to 19.9% of the aggregate number of outstanding shares of Company Common Stock on the date of the Initial Closing (prior to the issuance of the Initial Number of Shares of Company Common Stock).

Initial Number of Shares. The aggregate number of Shares sold through the Agent acting as forward seller for Dealer in accordance with the terms and conditions of the Sales Agreement and the Forward Instruction Notice during the Forward Hedge Selling Period.

Initial Number of Shares shall initially mean Five Hundred Thousand (500,000) shares of Common Stock and thereafter such number of shares of Common Stock as shall result from the adjustments specified in Section 5 hereof.

Initial Number of Shares means 934,400 shares of

Initial Number of Shares means 250,000 shares of Common Stock.