Third Tranche Shares definition

Third Tranche Shares has the meaning set forth in Section 1.1(b).
Third Tranche Shares means that number of shares of Common Stock equal to Ten Million Dollars ($10,000,000) divided by the Bloomberg volume-weighted average price for a share of Common Stock on the NASDAQ Global Select Market for the 30 Trading Day period ending on the last Trading Day prior to the Third Tranche Notice, rounded to the nearest whole share. For clarity, each of the Initial Closing, Second Tranche Closing and Third Tranche Closing shall be referred to as a “Closing.”
Third Tranche Shares means the shares of Series B Preferred Stock to be -------------------- issued and sold at the Third Tranche Closing pursuant to the Purchase Agreement.

Examples of Third Tranche Shares in a sentence

  • In order to provide a measure of liquidity to address potential income tax issues, Employee shall have a limited put right for up to all of any Base Year's First, Second and/or Third Tranche Shares issued to Employee pursuant to Section 2(d) hereof as set forth below.

  • If a security has a provisional and/or pseudo code, it must not be reported as being a security with a valid ISIN code and must consequently not be reported with the code type (codeType) «1».

  • Notwithstanding anything to the contrary contained herein, in the event of a Change in Control of the Company, the Option shall become fully vested upon the effective date of such event, and shall remain exercisable for the remainder of the term of the Option.

  • A “Third Tranche Notice” shall mean an irrevocable written notice specifying a closing date for the purchase of the Third Tranche Shares pursuant to this Section 1.4 (the “Third Tranche Closing”), which notice shall be delivered no less than ten (10) Trading Days prior to the date of the Third Tranche Closing.

  • At the Third Tranche Closing, the Company shall instruct the Transfer Agent to register such issuance via book entry the Third Tranche Shares (as defined below) against delivery to the Company by Purchaser at or before the Third Tranche Closing of Ten Million Dollars ($10,000,000) (the “Third Tranche Consideration”), payable in immediately available funds by wire transfer to an account or accounts designated by the Company.


More Definitions of Third Tranche Shares

Third Tranche Shares has the meaning given to it in clause 3.3(c).
Third Tranche Shares means 20,000 Shares.
Third Tranche Shares means the number of shares of Common Stock purchased by the Investors on the Third Closing Date equal to the quotient obtained by dividing $1,000,000 by the applicable Purchase Price on such date..
Third Tranche Shares means 1,436,781 shares of Common Stock, subject to applicable adjustment hereunder.
Third Tranche Shares means [____] Ordinary Shares (as such number of Shares may be adjusted from time to time pursuant to Section 13 hereof).
Third Tranche Shares has the meaning ascribed to such term in the recitals of this Agreement.
Third Tranche Shares has the meaning set forth in Section 2.3(A).