Second Option Shares definition

Second Option Shares. Means the number of shares in GA shown in the Schedule as due to be issued to the Shareholder on the Second Anniversary of the Stock Purchase Agreement

Second Option Shares shall have the meaning provided in Section 7.

Second Option Shares has the meaning specified in Section 2.1 of this Agreement.

Examples of Second Option Shares in a sentence

• As a condition to the exercise of the option hereby granted, the written notice of election in the form attached hereto as Exhibit A shall include a representation by the Optionee that the Second Option Shares are being purchased for investment and not for distribution or resale.

• The Company is aware of the provisions of Rule 144 promulgated under the Act and that the Initial Shares, the First Option, the Second Option, the First Option Shares and the Second Option Shares are "restricted" securities under Rule 144.

• Notwithstanding such pledge, Continental shall retain full beneficial ownership of the Second Option Shares, including without limitation the right to vote such shares and to hold such shares for all purposes under the Shareholders Agreement.

• The Company is acquiring the Initial Shares and will acquire the First Option Shares and the Second Option Shares for its own account for investment and not with the view to, or for resale in connection with, any distribution thereof.

• The Company understands that the Initial Shares, the First Option, The Second Option, the First Option Shares or the Second Option Shares have not been registered under the Securities Act of 1933, as amended (the "Act") nor qualified under any State blue sky law by reason of specified exemptions therefrom which depend upon, among other things, the bona fide nature of its investment intent as expressed herein.

More Definitions of Second Option Shares

Second Option Shares shall have the meaning set forth in Section 2(b) hereof.

Second Option Shares means all outstanding shares of SVL Minerals or Newco, as applicable, not then held by Silver Dollar, to be acquired by Silver Dollar upon the exercise of the Second Option.

Second Option Shares means 2,428,600 shares of Series B Preferred Stock and 285,700 shares of Series C Preferred Stock.

Second Option Shares means the beneficial interest in the 158,417 C Ordinary Shares of €0.0001 each in the capital of the Company as is set out in column E of Schedule 1 (together with any other shares, stock or securities relating thereto referred to in clause 8) and, where the First Call Option or First Put Option has not been previously exercised, the First Option Shares;

Second Option Shares means 400,000 Common Shares;

Second Option Shares has the meaning set forth in the recitals.

Second Option Shares at any given time, the shares in the Target Company held by MTH;