Minimum Share Amount definition
Examples of Minimum Share Amount in a sentence
This notice shall include a reasonably detailed explanation of how the Company calculated the Minimum Share Amount.
Upon the Company's delivery of such Capital Demand Notice, the Underwriter, subject to the limitations of Section 2.2(a), agrees, during the Selling Period corresponding to such Capital Demand Notice, to sell, on behalf of the Company and on a best efforts basis, the number of shares of the Company's Common Stock equal to the Minimum Share Amount.
If Acquisition Company owns less than the Preferred Minimum Threshold and owns less than the Acquisition Company First Minimum Share Amount, then Acquisition Company shall no longer be entitled to designate one of the Acquisition Company Directors to the Board.
Notwithstanding the foregoing and subject to Section 4.3, if, at the Termination Date of the Offering Period, the Fund (a) shall be less than the Minimum Dollar Amount, or (b) shall represent the sale of less than the Minimum Share Amount, the Escrow Agent shall promptly refund to each prospective purchaser the amount of payment received from such purchaser which is then held in the Escrow Account, together with any investment income received thereon.
FF Top is relying on the forgoing representation and warranty in entering into this Agreement, including without limitation agreeing to the Minimum Share Amount set forth herein and agreeing to Section 3.6.
In the event Parent shall have made an Issuance Election and the Company shall not have terminated this Agreement pursuant to Section 8.01(g) hereof, the issuance of Parent Common Shares in excess of the Minimum Share Amount shall have been duly approved by the requisite vote of the shareholders of Parent.
The rights hereunder of a Holder may be transferred or assigned in connection with a sale or transfer of Shares or shares of Registrable Securities; provided if such sale or transfer involves persons other than affiliates of a Holder, such transferee acquires at least the Minimum Share Amount.
For the avoidance of doubt, in all situations the Purchaser shall not be required to forfeit and shall have the right to retain, from the Founder Shares purchased pursuant to Section 1(a)(ii), the Minimum Share Amount.
The rights hereunder of a Holder may be transferred or assigned in connection with a sale or transfer of Shares or shares of Registrable Securities; provided if such sale or transfer involves persons other than affiliates of a Holder, such transferee acquires at least the Minimum Share Amount with respect to the Pohlad Parties measured as of immediately following the Primary Merger Effective Time.
Upon the Company's delivery of such Capital Demand Notice, the Underwriter, subject to the limitations of Section 2.2(a), agrees, during the Selling Period corresponding to such Capital Demand Notice, to sell, on behalf of the Company and on a best efforts basis, the number of shares of the Company's Common Stock equal to the Minimum Share Amount; provided, however, that the Underwriter may not sell more than 15% of the Maximum Draw Down Amount on any given Trading Day during a Selling Period.