First Closing Shares definition

First Closing Shares has the meaning set forth in Section 2.1(a).

First Closing Shares means preferred shares of Canadian OpCo having a fair market value of Ten Million Dollars ($10,000,000).

First Closing Shares wherever used in Section 4.1 of the Original Agreement, shall be deemed to refer to the Transferred Stock; and

Examples of First Closing Shares in a sentence

• Under the heading, “Conditions to Purchaser’s Obligations at the First Closing,” the SPA recited various events that needed to take place before PDC became obligated to purchase the First Closing Shares.

• At the First Closing, the Company shall deliver to each Investor a certificate representing the First Closing Shares that such Investor is purchasing against payment of the purchase price therefor by check, wire transfer or any combination thereof.

• The Company shall have delivered to Investor the First Closing Shares (in such denominations as Investor shall request).

• If shareholder approval for the Increase is not obtained by May 31, 2016, then the Investor will have the right to put the First Closing Shares to the Company (the “Put Right”) in exchange for the Put Note.

• The Second Lien First Closing Shares shall be allocated ratably, including fractional shares, to each Second Lien Shareholder according to aggregate principal amount of each such Second Lien Shareholder’s outstanding Loans as of the First Closing Date.

More Definitions of First Closing Shares

First Closing Shares is defined in Section 1.1(a).

First Closing Shares means the number of shares of Series A Preferred equal to (i) 721.15 minus (ii) the quotient of (A) all accrued and unpaid dividends on the First Closing Shares through the date hereof divided by (B) 1,040; e.g. the Final Shares were 690.8 shares of Series A Preferred as of October 5, 1998.

First Closing Shares means the aggregate of the Initial First Closing Shares and the Additional First Closing Shares, if any. "First Closing Purchase Price" means the aggregate of the Initial First Closing Purchase Price and the Additional First Closing Purchase Price, if any.

First Closing Shares means the First Closing Subscription Amount divided by the Per Share Purchase Price.

First Closing Shares. Six Million (6,000,000) shares of Common Stock that the Company will issue to Purchaser at the First Closing.

First Closing Shares means, with respect to each Purchaser, -------------------- the number of Ordinary Shares set forth beside such Purchaser's name on Part I of Exhibit A hereto. ---------

First Closing Shares means 19,266 of the Shares of the Company.