Broker Exercise Notice means a written notice pursuant to which a Participant, upon exercise of an Option, irrevocably instructs a broker or dealer to sell a sufficient number of shares or loan a sufficient amount of money to pay all or a portion of the exercise price of the Option and/or any related withholding tax obligations and remit such sums to the Company and directs the Company to deliver stock certificates to be issued upon such exercise directly to such broker or dealer.
Stock Tender Exercise means a Stock Tender Exercise as defined in Section 6.3(b)(ii).
SAR Exercise Price means the per share exercise price of a SAR granted to a Grantee under Section 9 hereof.
Sponsor Exercise Fair Market Value means the average last reported sale price of the Ordinary Shares for the ten (10) trading days ending on the third (3rd) trading day prior to the date on which notice of exercise of the Private Placement Warrant is sent to the Warrant Agent;
Cash Exercise with respect to Warrant Shares; and/or
Under execution means works in progress as per the following:
Exercise means a Holder’s right to exercise the Securities, in accordance with Product Condition 3;
Minimum Exercise Amount means the Minimum Exercise Amount as specified in § 1 of the Product and Underlying Data.
Total Exercise Price shall have the meaning set forth in Section 4(a) hereof.
Date of Exercise means the date on which the Holder shall have delivered to the Company: (i) the Exercise Notice (with the Warrant Exercise Log attached to it), appropriately completed and duly signed and (ii) if such Holder is not utilizing the cashless exercise provisions set forth in this Warrant, payment of the Exercise Price for the number of Warrant Shares so indicated by the Holder to be purchased.
Initial Exercise Price shall have the meaning set forth in Section 2.4.1.
Election to Exercise shall have the meaning attributed thereto in Subsection 2.2(d).
Net Exercise means a Net Exercise as defined in Section 6.3(b)(iii).
Exercise Amount has the meaning set forth in Section 2(a).
Exercise Event shall have the meaning ascribed to such term in Section 2(c).
Automatic Exercise Applicable; and means that for each Expiration Date, a number of Warrants equal to the Daily Number of Warrants for such Expiration Date will be deemed to be automatically exercised at the Expiration Time on such Expiration Date.
Aggregate Exercise Price means, in connection with the exercise of this Warrant at any time, an amount equal to the product obtained by multiplying (i) the Exercise Price times (ii) the number of shares of Common Stock for which this Warrant is being exercised at such time.
Exercise Payment means the amount of money equal to the Exercise Price multiplied by the number of Optioned Shares specified in the Notice of Exercise;
Regular Dividend means USD 0.75 per Share per quarter. Upon any adjustment to the Initial Dividend Threshold (as defined in the Indenture) for the Convertible Notes pursuant to the Indenture, the Calculation Agent will make a corresponding adjustment to the Regular Dividend for the Transaction.
Option Price means the price at which a Share may be purchased by a Participant pursuant to an Option.
Cashless Exercise Ratio means a fraction, the numerator of which is the excess of the Current Market Value per share of Common Stock on the Exercise Date over the Exercise Price per share as of the Exercise Date and the denominator of which is the Current Market Value per share of the Common Stock on the Exercise Date.
Exercise Right means the Exercise Right as specified in § 3 (1) of the Special Conditions.
Exercise Price means the initial exercise price or the adjusted exercise price, depending on the context.
Grant Price means the price established at the time of grant of a SAR pursuant to Article 7, used to determine whether there is any payment due upon exercise of the SAR.
Regular election means an election held on a regular election date to elect an individual to, or nominate an individual for, elective office in the regular course of the terms of that elective office.