Scaleback definition

Scaleback means a pro-rata reduction in the number of Shares allotted to Eligible Shareholders who make an Application. The Company has full discretion in deciding whether to Scaleback Applications;
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Scaleback means the reduction in the amount of Shares under the SPP (compared to the dollar amount applied for) that Smartpay will undertake if it receives aggregate application funds under the SPP in excess of $3,000,000.
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Examples of Scaleback in a sentence

  • Allocated Cash Consideration means a cash amount equal to the Cash Consideration multiplied by the number equal to the total number of Securities held by the Scheme Participant minus the total number of Bid Securities making up the Scaleback Scrip Consideration to be provided to that Scheme Participant.

  • For the avoidance of doubt, the Maximum Subscription Scenario does not contemplate the Scaleback Arrangement taking place in connection with the allotment and issuance of the Subscription Shares.

  • Aggregate Scrip Consideration means the aggregate of all Scrip Consideration or Scaleback Scrip Consideration (as relevant) to be issued to Scheme Participants under the Schemes.

Related to Scaleback

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  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per

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  • Hydraulic conductivity means the quantity of water that will flow through a unit cross-sectional area of a porous material per unit of time under a hydraulic gradient of 1.0;