Net Number definition

Net Number has the meaning specified in Section 2.(b).

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Net Number means, as to an Optionee, the number of shares of Purchaser Common Stock issued upon any exercise of a Restated Option, minus the number of shares which is equal to the result of dividing the aggregate exercise price of the portion of the Restated Option which was exercised by the closing price per share of Purchaser Common Stock on the NYSE on the trading day prior to the date of exercise of the Restated Option.

Net Number has the meaning specified in Section 10(c).

Examples of Net Number in a sentence

In the case of a dispute as to the determination of the Exercise Price or the arithmetic calculation of the number of Warrant Shares to be issued pursuant to the terms hereof (including, without limitation, the Net Number), the Company shall promptly issue to the Holder the number of Warrant Shares that are not disputed, provided that following such issuance to Holder such dispute shall be resolved in accordance with Section 13.
In lieu of making payment of the Aggregate Exercise Price, the holder elects to receive upon such exercise the Net Number of shares of Common Stock determined in accordance with the terms of the Warrant.
In the case of a dispute as to the determination of the Exercise Price or the arithmetic calculation of the number of Warrant Shares to be issued pursuant to the terms hereof (including, without limitation, the Net Number), the Company shall promptly issue to the Holder the number of Warrant Shares that are not disputed, provided that following such issuance to Holder such dispute shall be resolved in accordance with Section 14.
The Company shall calculate and transmit such calculations to the Warrant Agent, and the Warrant Agent shall have no obligation under this Section 3.3.2 to calculate, verify or confirm the Net Number of Common Shares to be issued with respect to such Cashless Exercise.
In connection with any Cashless Exercise pursuant to this Section 3.3.2, the Warrant Agent will promptly deliver a copy of the Election to Purchase to the Company to confirm the Net Number of Common Shares issuable in connection with the Cashless Exercise.
Net Number = (A x B) - (A x C) For purposes of the foregoing formula: A= the total number of shares with respect to which this Warrant is then being exercised.
In addition, the Buyer may elect to redeem the Warrants pursuant to the following formula: Net Number = (A x B)/C For purposes of the foregoing formula: A= the total number of shares with respect to which the applicable Warrant is then being exercised.
A Cashless Exercise under this paragraph (d) may be made, at the election of the Holder from time to time and irrespective of any other election to make a Cashless Exercise, so that upon such exercise Holder shall receive the “Net Number” of shares of Common Stock determined according to the following formula: Net Number = (A x B) - (A x C) B For purposes of the foregoing formula: A = the total number of shares with respect to which this Warrant is then being exercised.
If permitted by the terms of the Warrant, the Holder elects to receive upon such exercise the Net Number of shares of Common Stock determined in accordance with the terms of the Warrant.
Net Number = (A x B)/C = ________________ shares of Common Stock For purposes of the foregoing formula: A= the total number of shares with respect to which this Warrant is then being exercised = _________________.

More Definitions of Net Number

Net Number means, with respect to any given exercise hereunder, the product of (i) 200% of the applicable Warrant Exercise Percentage of the Initial Warrant Amount and (ii) the quotient obtained by dividing (A) the difference obtained by subtracting (x) the Market Price, from (y) the Initial Per Share Purchase Price by (B) the Market Price.

Net Number. = [(A-B) (X)] by (A) For purposes of the foregoing formula:

Net Number has the meaning specified in Section 1(c).