Outstanding Issue definition
Examples of Outstanding Issue in a sentence
For the purposes of this paragraph: (i) "Outstanding Issue" shall be determined on the basis of the number of Shares that are outstanding immediately prior to the Share issuance in question, excluding Shares issued pursuant to Share Compensation Arrangements during the preceding one year period and (ii) Options granted prior to an Insider becoming an Insider shall be excluded in determining the number of shares issuable to such Insider.
Subject to adjustment as provided for herein, the number of Shares which will be available for purchase pursuant to Options granted pursuant to this Plan will not exceed 10% of the Outstanding Issue.
Outstanding Issue Items provides a record of checks that have been issued but not yet paid.
Issuer Number Inception Date Expiration Date Outstanding Issue Amount Bank of America [***] 06/09/09 07/31/12 $ 1,598,824.00 Bank of America [***] 07/10/10 01/01/13 $ 537,751.00 Bank of America [***] 01/19/12 04/15/13 $ 260,000.00 ▇.▇.
The Bank hereby recognizes having been notified by the Issuer of the Outstanding Issues (the details whereof have been inserted in the First Schedule to this Agreement) to which this Agreement will apply initially, and the Bank hereby accepts its respective capacities specified in such First Schedule to this Agreement in respect of each such Outstanding Issue.