Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.
Per Share Consideration means (i) if the consideration paid to holders of the Common Stock consists exclusively of cash, the amount of such cash per share of Common Stock, and (ii) in all other cases, the volume weighted average price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the effective date of the applicable event. If any reclassification or reorganization also results in a change in shares of Common Stock covered by subsection 4.1.1, then such adjustment shall be made pursuant to subsection 4.1.1 or Sections 4.2, 4.3 and this Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers. In no event will the Warrant Price be reduced to less than the par value per share issuable upon exercise of the Warrant.
Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).
Warrant Stock means Common Stock issuable upon exercise of any Warrant or Warrants or otherwise issuable pursuant to any Warrant or Warrants.
Warrant Consideration has the meaning specified in Section 4(i)(i) hereof.
Warrant Shares means the shares of Common Stock issuable upon exercise of the Warrants.
Exchangeable Share Consideration has the meaning provided in the Exchangeable Share Provisions;
Newco Shares means the common shares in the capital of Newco;
Subco Shares means the common shares in the capital of Subco;
Original Shares means ordinary shares with a par value of US$0.0001 each in the capital of the Company;
Pubco Shares means fully paid and non-assessable common shares of Pubco to be issued to the Selling Shareholders by Pubco upon Closing on the basis of 1 Pubco Share for 5.4935 Priveco Shares;
Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date.
Unissued Option Shares means the number of Shares, at a particular time, which have been reserved for issuance upon the exercise of an Option but which have not been issued, as adjusted from time to time in accordance with the provisions of section 5, such adjustments to be cumulative.
Permitted Share Issue means an issue of:
H Shares means the overseas-listed foreign invested shares in the share capital of the Company with a nominal value of RMB1.00 each, which are subscribed for and traded in Hong Kong Dollars;
Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).
Broker Warrants has the meaning ascribed to such term in Section 12 hereof;
Other Warrants means any other warrants issued by the Company in connection with the transaction with respect to which this Warrant was issued, and any warrant issued upon transfer or partial exercise of or in lieu of this Warrant. The term “Warrant” as used herein shall be deemed to include Other Warrants unless the context clearly requires otherwise.
SPAC Warrants means SPAC Private Warrants and SPAC Public Warrants, collectively.
Purchaser Warranties shall have the meaning ascribed to the term in Clause 8.1;
New Warrant Agreement means that certain agreement providing for, among other things, the issuance and terms of the New Warrants issued by New Valaris Holdco as set forth in the Restructuring Term Sheet.
Certificated Warrant means a Warrant evidenced by a writing or writings substantially in the form of Schedule “A”, attached hereto;
Parent Warrant means each Parent Private Warrant and Parent Public Warrant.
Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.
Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.
Purchaser Warrants means Purchaser Private Warrants and Purchaser Public Warrants, collectively.