Triggered Shares definition

Triggered Shares is defined in Section 6.8.3.
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Triggered Shares has the meaning attributed thereto in Section 9.3;
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Triggered Shares has the meaning attributed to such term in Section 8.5.4.1;
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Examples of Triggered Shares in a sentence

  • Each Shareholder purchasing the Triggered Shares will purchase its pro rata portion of that Shareholder Debt (calculated on the number of Triggered Shares being purchased by the purchasing Shareholders, as between themselves), or any other portion agreed to by the purchasing Shareholders.

  • The purchase price for any Triggered Shares that are sold under this Article 9 will be the Fair Value of those Shares.

  • Alternatively, the Shareholders entitled to exercise the Purchase Option will be entitled, at their sole option, exercisable within the Exercise Period, to collectively require the Corporation to purchase all of the Triggered Shares for cancellation by designating the Corporation as the Party entitled to purchase the Triggered Shares, subject to the Corporation being able to meet the applicable solvency test under the Act.

  • The Purchase Option will include an obligation to purchase any Shareholder Debt owing to the Triggered Shareholder, for cash on a dollar- for-dollar basis, at the same time as the Triggered Shares are purchased.

  • If the Corporation is purchasing the Triggered Shares, the Corporation will repay that Shareholder Debt in full, unless otherwise agreed by the Shareholders.

  • If Triggered Shares are being purchased under this Section 6.8, the closing will take place on the closing date specified in the Exercise Notice or on any other date agreed to by the parties to the transaction.

  • The purchase price for the Triggered Shares will be 85% of their Fair Value.

  • The purchase price for the Triggered Shares will be 85 % of their Fair Value.


More Definitions of Triggered Shares

Triggered Shares has the meaning ascribed to such term in the Limited Partnership Agreement.
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Related to Triggered Shares

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Covered Shares means, with respect to the Shareholder, (i) the Existing Shares, together with (ii) any shares of Common Stock or other voting capital stock of the Company and any securities convertible into or exercisable or exchangeable for shares of Common Stock or other voting capital stock of the Company, in each case under this clause (ii) that such Shareholder acquires Beneficial Ownership of on or after the date hereof.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • RSU Shares means shares of Common Stock that underlie an RSU.

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Dividend Shares means the shares of Common Stock issuable in payment of dividends payable on the Preferred Shares in accordance with the terms of the Certificate of Designation.

  • Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Optioned Shares means the common shares of the Company, issuable on exercise of the Option; and

  • Qualifying Shares means shares of Common Stock which either (i) have been owned by the Grantee for more than six (6) months and have been “paid for” within the meaning of Rule 144 promulgated under the Securities Act, or (ii) were obtained by the Grantee in the public market.

  • Additional Shares shall have the meaning specified in Section 14.03(a).

  • Awarded Stock means the Common Stock subject to an Award.

  • Qualifying Preferred Stock means non-cumulative perpetual preferred stock of the Corporation that (a) ranks pari passu with or junior to all other preferred stock of the Corporation, and (b) either (x) is subject to a Qualifying Replacement Capital Covenant or (y) is subject to Intent-Based Replacement Disclosure and has a provision that prohibits the Corporation from paying any dividends thereon upon its failure to satisfy one or more financial tests set forth therein, and (c) as to which the transaction documents provide for no remedies as a consequence of non-payment of dividends other than Permitted Remedies.

  • Unvested Shares means "Unvested Shares" as defined in the Award Agreement.

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • Founder Shares Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier of (A) one year after the completion of the Company’s initial Business Combination and (B) subsequent to the Business Combination, (x) if the closing price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (y) the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property.

  • Payment Shares has the meaning set forth in Section 2.02;

  • Remaining Shares shall have the meaning set forth in Section 2.03(a).

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Fully Diluted Shares means total diluted shares as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, but shall exclude the dilutive effect of any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Interested Shares means Shares that are beneficially owned by:

  • Subscribed Shares means, as of any date of determination, the Subscribed Shares (as defined in the recitals to this Subscription Agreement) and any other equity security issued or issuable with respect to the Subscribed Shares by way of stock split, dividend, distribution, recapitalization, merger, exchange, or replacement, and (ii) “Subscriber” shall include any person to which the rights under this Section 5 shall have been duly assigned.

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Company Restricted Shares means all shares of Company Common Stock subject to vesting restrictions and/or forfeiture back to the Company, whether granted under a Company Stock Plan or otherwise.