Initial Number of Shares definition

Initial Number of Shares means the number of shares of Common Stock, rounded down to the nearest integer, equal to the product of (i) the Initial Delivery Percentage and (ii) the Purchase Price divided by the Initial Share Price.

Initial Number of Shares means the number of shares of the Initial Registrable Securities.

Initial Number of Shares means the number of shares of Common Stock specified as such in the Pricing Supplement.

Examples of Initial Number of Shares in a sentence

• The Seller’s obligation to deliver the Initial Number of Shares to the Purchaser on the Initial Settlement Date is subject to the condition that the representations and warranties made by the Purchaser in the Agreement shall be true and correct as of the date hereof and the Initial Settlement Date.

• Notwithstanding the requirement to register all Registrable Securities, the Company's obligation to register the Registrable Securities shall initially be satisfied by the registration of the Initial Number of Shares to Be Registered (as defined below).

• Initial Number of Shares: For each Transaction, as specified in the Supplemental Confirmation, to be the aggregate number of Shares sold through the Agent, acting as forward seller for Dealer pursuant to the Sales Agreement, during the period from and including the Trade Date through and including the Hedge Completion Date.

• For each Transaction, the Initial Number of Shares; provided that on each Settlement Date, the Number of Shares shall be reduced by the number of Settlement Shares for such Settlement Date.

• Notwithstanding the requirement to register all Registrable Securities, the Company’s obligation to register the Registrable Securities shall initially be satisfied by the registration of the Initial Number of Shares to Be Registered (as defined below).

More Definitions of Initial Number of Shares

Initial Number of Shares. [_____] “Monthly Purchases”? (If yes, check box): ☐ (If yes, complete the following):

Initial Number of Shares. The aggregate number of Shares sold through the Agent acting as forward seller for Dealer in accordance with the terms and conditions of the Sales Agreement and the Forward Instruction Notice during the Forward Hedge Selling Period.

Initial Number of Shares shall have the meaning assigned to it in the introduction to this Warrant.

Initial Number of Shares means the number of shares of Company Common Stock equal to 19.9% of the aggregate number of outstanding shares of Company Common Stock on the date of the Initial Closing (prior to the issuance of the Initial Number of Shares of Company Common Stock).

Initial Number of Shares shall initially mean Five Hundred Thousand (500,000) shares of Common Stock and thereafter such number of shares of Common Stock as shall result from the adjustments specified in Section 5 hereof.

Initial Number of Shares means 250,000 shares of Common Stock.

Initial Number of Shares means the lesser of (x) 1,750,000 shares of Company Common Stock or (y) the maximum number of shares of Company Common Stock, as reasonably determined by Investor, the purchase of which by Investor will not result in the Company ceasing to be domestically-controlled, but in no event less than 850,000 shares of Company Common Stock, and the "Subsequent Number of Shares" means the excess, if any, of 1,050,000 shares of Company Common Stock over the Initial Number of Shares. The "Applicable Number of Shares" shall be 1,750,000 on or prior to August 31, 1997 and 1,050,000 after August 31, 1997. Notwithstanding the above, nothing in this Section 1 shall be deemed to alter, in any way, Investor's participation right with respect to (x) the exchange, conversion or redemption of any Convertible Securities, (y) any additional shares of Company Common Stock or other securities issued pursuant to the Contribution Agreement, or (z) any other sale or issuance of securities with respect to which Investor would otherwise have participation rights. Notwithstanding the foregoing or any other contrary agreement or understanding, the Company agrees that it will not issue any shares of Company Common Stock or Convertible Securities to any partner of Roswell Village, Ltd. (the partners of Roswell Village Ltd. being shown as having approximately 103,400 shares of Common Stock or Convertible Securities on Schedule 1 to that certain Waiver and Consent Agreement attached as Exhibit C to the Partnership Agreement (as defined in the Contribution Agreement)) unless any Company Common Stock to be issued to any such person (including upon the redemption, conversion or exchange of Convertible Securities) will not (and by the terms of any relevant Convertible Securities cannot) be issued until the first anniversary of the First Closing (the "First Anniversary").