Payment Shares definition

Payment Shares has the meaning set forth in Section 2.02;

Payment Shares means shares of Common Stock issued by the Company as provided in Section 2(b) below.

Payment Shares has the meaning set forth in Section 3.01(b).

Examples of Payment Shares in a sentence

• At the Closing, Purchaser shall deliver the Closing Payment Shares to the Shareholders (in such denominations and proportions as are provided in Schedule A) and shall retain the Holdback Shares (also referred to as the “Exchange Fund”).

• Prior to completion of the Concurrent Financing, the Payment Shares will represent approximately 55.1% of the issued and outstanding share capital of the Purchaser.

• As of the Closing Date, Purchaser shall issue an aggregate of six million four hundred thousand (6,400,000) Purchaser Ordinary Shares (comprised of 1,900,000 Class A Purchaser Ordinary Shares and 4,500,000 Class B Purchaser Ordinary Shares as provided herein), which amount represents the sum of (i) the Closing Payment Shares (5,950,000) and (ii) the Holdback Shares (450,000).

• The Payment Shares are being issued at a deemed value of $0.07 per Payment Share.

• Xxxx* 0 Xxxx Xx. Apt 1506 San Francisco, CA 94102 0.900% 540,000 Xxxxxxx Xxxxxx* 000 Xxxxxxx XX, Los Gatos, CA 95030 0.900% 540,000 Eldoop Partners LLC* 0000-X Xxxxxxxxxx Xxxxxxx, Xxxxxxxxx, XX00000 0.900% 540,000 {5187-001/01383040.DOC.} Name and Address of Member % Membership Interest Payment Shares Xxxxxxx Xxxx* 0000 Xxxxx Xxx, Xxxxxxx XX 00000 0.450% 270,000 Xxxx X.

More Definitions of Payment Shares

Payment Shares means (i) Default Shares (as defined in the Debenture), (ii) Interest Payment Shares (as defined in the Debenture) and (iii) shares issuable upon conversion of Failure Payments and other Required Cash Payments (as each is defined in the Debenture) into Common Stock of the Company. The Payment Shares shall be treated as Common Stock issuable upon conversion of the Debentures for all purposes hereof and thereof and shall be subject to all of the limitations and afforded all of the rights of the other shares of Common Stock issuable hereunder, including without limitation, the right to be included in the Registration Statement (as defined in the Registration Rights Agreement) filed pursuant to the Registration Rights Agreement.

Payment Shares means Registered Payment Shares, Restricted Payment Shares or Make-Whole Payment Shares.

Payment Shares means Restricted Payment Shares or Make-Whole Payment Shares.

Payment Shares means Ordinary Shares issued as payment pursuant to Section 7 of the Notes.

Payment Shares means an Award granted to a Participant pursuant to Article 8 herein (other than Restricted Stock) in lieu of cash compensation otherwise payable to the Participant under the compensation plans and arrangements of the Company.

Payment Shares has the meaning ascribed to it in the Registration Rights Agreement.

Payment Shares means 34,500,000 common shares without par value in the capital of the Purchaser described in Article 5.2 hereof;