Exercisable Shares definition

Exercisable Shares shall have the meaning assigned to that term in Section 8.5 hereof.

Exercisable Shares has the meaning set forth in Section 6.11.

Exercisable Shares means the Common Shares that may be issued pursuant to, and in accordance with, a properly exercised Warrant, subject to and upon the terms and conditions contained therein.

Examples of Exercisable Shares in a sentence

• The Optionee may exercise the Option at any time with respect to all or any part of the Exercisable Shares by giving the Secretary of the Company written notice of intent to exercise.

• If the Optionee fails to pay for any of the Exercisable Shares specified in such notice or fails to accept delivery thereof, the Optionee's right to purchase such Exercisable Shares may be terminated by the Company.

• Full payment (in U.S. Dollars) by the Optionee of the Exercise Price for the Exercisable Shares purchased shall be made on or before the exercise date specified in the notice of exercise in cash, or, with the prior written consent of the Board, in whole or in part through the surrender of previously acquired shares of Common Stock (valued at their fair market value on the exercise date).

• The notice of exercise shall specify the number of Exercisable Shares as to which the Option is to be exercised and the date of exercise thereof, which date shall be at least five days after the giving of such notice unless an earlier time shall have been mutually agreed upon.

• The date specified in the Optionee's notice as the date of exercise shall be deemed the date of exercise of the Option, provided that payment in full for the Exercisable Shares to be purchased upon such exercise shall have been received by such date.

More Definitions of Exercisable Shares

Exercisable Shares is defined in Section 2.04.

Exercisable Shares means the number of Common Shares with respect to which the Employee is entitled to exercise his Option at the Surrender Date;

Exercisable Shares has the meaning assigned to that term in Section 8.7 hereof.

Exercisable Shares means Shares for which this Option may be exercised, and “Non-Exercisable Shares” means Shares for which this Option may not be exercised. Notwithstanding anything to the contrary contained herein, this Option may not be exercised with respect to any Shares on or after the earlier of (i) the date the Option terminates and is canceled and (ii) the Expiration Date.

Exercisable Shares means, with respect to each In the Money Option that remains outstanding immediately prior to the Effective Time, the number of Company Common Shares for which such In the Money Option is exercisable immediately prior to the Effective Time.

Exercisable Shares means the aggregate number of shares of Common Stock into which the Convertible Debenture that is the subject of the Prepayment Event is convertible, calculated as the Relevant Conversion Shares minus the Relevant Payment Shares, where "Relevant Conversion Shares" equals the amount of any such prepayment divided by the then-current Conversion Price, and "Relevant Payment Shares" equals the amount of any such prepayment divided by the closing price of the Common Stock on the last Trading Day preceding the Prepayment Event. This Warrant is being issued pursuant to the terms of that certain Securities Purchase Agreement, dated as of August 1, 2005 (the "Agreement"), to which the Company and Holder (or Holder's predecessor in interest) are parties. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Agreement. This Warrant was originally issued to the Holder or the Holder's predecessor in interest on August 1, 2005 (the "Issue Date").

Exercisable Shares has the meaning set forth in Section 6.11. Fee Letter means, that certain letter agreement dated as of even date herewith between Agent and Borrower, as amended, restated or otherwise modified from time to time.