Discount Seed Shares definition

Discount Seed Shares has the meaning set out in the Exchange Policy 2.4;
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Discount Seed Shares means any Seed Shares which are issued at a price that is less than the price at which the IPO Shares are offered and sold to the public.
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Discount Seed Shares means any Seed Shares which are issued to Insiders, or trusts or holding companies controlled by Insiders, at a price that is less than the price at which the IPO Shares are offered and sold to the public.
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Examples of Discount Seed Shares in a sentence

  • The Franchise Agreement may be extended at the City’s sole option for up to an additional five years.

  • In the event of a material change the date of the Prospectus and the Statutory Declaration ( including in the case of a CPC, the announcement of an Agreement in Principle), a comprehensive material change report supplementing the disclosure must be incorporated into the Statutory Declaration; Policy 2.4 - Capital Pool Companies The definition of Discount Seed Shares has been clarified to capture only Insiders who purchase discounted seed shares.

  • The minimum price per share at which the Discount Seed Shares may be issued is the greater of $0.075 and 50% of the price at which the IPO Shares are sold.

  • All Discount Seed Shares must be held in escrow pursuant to a Discount Seed Share Escrow Agreement.

  • The only securities that may be issued and outstanding are Seed Shares, Discount Seed Shares, stock options as permitted by section 7 of this Policy and the Agent’s Option.

  • I am very happy to have been able to implement several avenues of virtual student engagement that I truly hope will continue into the future.

  • All Discount Seed Shares must be held in escrow pursuant to a Discount Seed Share Escrow Agreement.By The terms of the Discount Seed Share Escrow Agreement, the holders ofDiscount Seed Shares irrevocably authorize and direct the escrow agent appointed under the escrow agreement to immediately cancel all of theirrespective Discount Seed Shares held by Insiders upon the issuance of an Exchange Bulletin delisting the CPC from the Exchange.

  • The definition of Discounted Seed Share Escrow Agreement has been amended in this manner also and reads: ‘Discount Seed Share Escrow Agreement’ means an escrow agreement in Form 2F as modified by Schedule B(2) which provides generally, that initial releases from escrow commence on the date of the Final Exchange Notice and which provides that in the event an Exchange Notice is issued delisting the CPC, all Discount Seed Shares held by Insiders shall be forfeited and cancelled.

  • If the Issuer is de-listed, (b) the Issuer and the escrow Agent shall take such action as is necessary to cancel the Discount Seed Shares which are held by Insiders of the CPC.

  • The following securities of a CPC, directly or indirectly, beneficially owned or controlled by Related Parties of the CPC are required to be held in escrow pursuant to a Seed Share Escrow Agreement: all Seed Shares, other than Discount Seed Shares; all IPO Shares; and all securities acquired from treasury after the IPO but before the Completion of the Qualifying Transaction (other than shares acquired upon exercise of stock options that must be escrowed as provided in section 7.5).


More Definitions of Discount Seed Shares

Discount Seed Shares means all of the Common Shares issued at a price less than $0.30 per Common Share.
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Discount Seed Shares means any Seed Shares which are issued to Insiders at a price that is less than the price at which the IPO Shares are offered and sold to the public. The definition of Discounted Seed Share Escrow Agreement has been amended in this manner also and reads:
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Related to Discount Seed Shares

  • Discount Security means any Security that provides for an amount less than the stated principal amount thereof to be due and payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2.

  • Original Issue Discount Securities means any Securities that are initially sold at a discount from the principal amount thereof and that provide upon an Event of Default for declaration of an amount less than the principal amount thereof to be due and payable upon acceleration thereof.

  • Original Issue Discount Security means any Security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502.

  • Discount Price means the product of (i) the price per share of Capital Stock sold in an Equity Financing and (ii) 100% less the Discount.

  • Discount has the meaning set forth in Section 6.06.

  • Yield to Maturity means the yield to maturity on a series of securities, calculated at the time of issuance of such series, or, if applicable, at the most recent redetermination of interest on such series, and calculated in accordance with accepted financial practice.

  • Issue Price With respect to each Class of Certificates, the “issue price” as defined in the Code and Treasury regulations promulgated thereunder.

  • relevant securities means Ordinary Shares and securities carrying conversion or subscription rights into Ordinary Shares;

  • Initial Issue Price means the price (excluding any Preliminary Charge) per Share at which Shares are initially offered in a Fund during the Initial Offer Period as specified in the Supplement for the relevant Fund;

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

  • Number of units deemed to be in issue means the aggregate of the number of units issued and still remaining outstanding.

  • New Securities means, collectively, equity securities of the Company, whether or not currently authorized, as well as rights, options, or warrants to purchase such equity securities, or securities of any type whatsoever that are, or may become, convertible or exchangeable into or exercisable for such equity securities.