Tranche A Shares definition

Tranche A Shares means the Shares to be subscribed for by the Subscriber pursuant to Article 2 of this Agreement.

Tranche A Shares has the meaning set forth in Section 1(a).

Tranche A Shares means the Shares to be issued to the Allottee pursuant to Section 2.2(a)(i) of this Agreement, subject to the adjustment (if applicable) set forth in Section 2.7 of this Agreement.

Examples of Tranche A Shares in a sentence

• The audited consolidated net profit after taxation from the steel trading operation and the audited consolidated net assets of Stemcor and its subsidiaries as at 31st December, 2000 have not been agreed between the Group and Stemcor, for the purpose of the adjustment of the number of Tranche A Shares, up to the date of approval of these financial statements.

• The number of Tranche A Shares under the Subscription is subject to adjustment.

• If the Final Agreed Valuation is higher or lower than the Initial Agreed Valuation, the number of Tranche A Shares will then be revised upwards or downwards (as the case may be) to equal the number that would have applied if the Final Agreed Valuation had been used in calculating and deriving the number of Tranche A Shares.

• Under the Share Subscription Agreement, Stemcor has granted to the Group a put option under which the Group may require Stemcor to repurchase all of the Tranche A Shares subscribed by the Group and the shares to be subscribed under the Tranche B Option for US$3,000,000 and US$5,000,000, respectively.

• The Company is offering only Participating Tranche A Shares to investors at the Subscription Price (as defined in Appendix 1).

More Definitions of Tranche A Shares

Tranche A Shares has the meaning assigned to it in Section 4(a) hereof.

Tranche A Shares means 8,250,230 ordinary shares currently held by and registered in the name of the Vendor in the capital of the Company, representing approximately 0.56% of the total number of issued shares in the Company immediately prior to Tranche A Completion;

Tranche A Shares means the shares of Common Stock issuable at the Tranche A Closing.

Tranche A Shares has the meaning ascribed to it in the Investor Rights Agreement.

Tranche A Shares means the 416,233 shares of Common Stock (equaling one-half of the Registrable Securities) issued to Stockholders pursuant to the Purchase Agreements.

Tranche A Shares has the meaning as defined in the Subscription Agreement.

Tranche A Shares has the meaning assigned to it in Section 4(a) hereof. "Tranche A Warrants" has the meaning assigned to it in Section 4(a) hereof. "Tranche B Closing" has the meaning assigned to it in Section 5(a) hereof. "Tranche B Closing Date" has the meaning assigned to it in Section 6 hereof. "Tranche B Purchase Price" has the meaning assigned to it in Section 4(b) hereof. "Tranche B Securities" has the meaning assigned to it in Section 4(b) hereof. "Tranche B Shares" has the meaning assigned to it in Section 4(b) hereof. "Tranche B Warrants" has the meaning assigned to it in Section 4(b) hereof. "Transaction Documents" means this Agreement, the Warrant Instrument, the Registration Rights Agreement, and the Strategic Agreement. "Unaudited Balance Sheets" has the meaning assigned to it in Section 6.6 hereof. "Unaudited Financial Statements" has the meaning assigned to it in Section 6.6 hereof. "Underlying Shares" means the shares of Common Stock issuable upon conversion of the shares of Series D Preferred Stock. "VWAP" means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date) on the primary Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg Financial L.P. (based on a Trading Day from 9:30 a.m. EST to 4:02 p.m. Eastern Time) using the VAP function; (b) if the Common Stock is not then listed or quoted on the Trading Market and if prices for the Common Stock are then reported in the "Pink Sheets" published by the Pink Sheets, LLC (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported; or (c) in all other cases, the fair market value of a share of Common Stock as determined by a nationally recognized-independent appraiser selected in good faith by the Investor. "Warrant Instrument" has the meaning assigned to it in Section 3 hereof. "Warrants" has the meaning assigned to it in Section 3 hereof.