Third Tranche Shares definition

Third Tranche Shares shall have the meaning set forth in Section 1.1(d)(i) hereof.
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Third Tranche Shares means that number of shares of Common Stock equal to Ten Million Dollars ($10,000,000) divided by the Bloomberg volume-weighted average price for a share of Common Stock on the NASDAQ Global Select Market for the 30 Trading Day period ending on the last Trading Day prior to the Third Tranche Notice, rounded to the nearest whole share. For clarity, each of the Initial Closing, Second Tranche Closing and Third Tranche Closing shall be referred to as a “Closing.”
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Third Tranche Shares means 20,000 Shares.
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Examples of Third Tranche Shares in a sentence

  • If a security has a provisional and/or pseudo code, it must not be reported as being a security with a valid ISIN code and must consequently not be reported with the code type (codeType) «1».

  • Relevantly, the ASX granted the Company the waiver subject to the following conditions: • The Second Tranche Shares and Third Tranche Shares must be issued no later than 31 March 2019, subject to Shareholder approval having been obtained for the issue of those Shares and the relevant milestones in respect of the issue of those Shares having been achieved.

  • Immediately after completion of the third tranche of the Initial Sheraton Acquisition (assuming to be completed no later than the completion of the Final Sheraton Acquisition), the equity interest in Sheraton Investment held by Hero Gain will be increased from 51% to 55% and the Initial Sheraton Acquisition will then be fully completed.An application has been made to the Listing Committee of the Stock Exchange for the listing of, and permission to deal in, the Third Tranche Shares.

  • At the Company’s Annual General Meeting in December 2020, the Company’s Shareholders approved the acquisition of Nucleus Cyber Inc (Merger), which provided for the issue of Initial Consideration Shares, Second Tranche Shares and Third Tranche Shares (each as defined in the Notice of Meeting released on ASX on 23 November 2020 (Notice of Meeting)), with the Initial Consideration Shares and Second Tranche Shares being issued in December 2020.

  • On 26 July 2021, the Company issued the final tranche of consideration shares, being 6,087,272 Third Tranche Shares, and issued 303,030 Shares (Retention Bonus Shares) to certain retained employees, in accordance with the Merger agreement.

  • Based on the closing price per Share as quoted on the Stock Exchange on the date of this announcement which is HK$4.23 per Share, the value of the Third Tranche Shares amounted to approximately HK$6.57 million.

  • The pilot reorganization needs more time for a more complete and thorough assessment.

  • Specifically, the ASX has granted a waiver that exempts the Company from stating in this Notice of Meeting that the Second Tranche Shares and Third Tranche Shares will be issued within 3 months after the date of the Meeting.

  • A proportionate amount of Third Tranche Shares will vest if the closing price of the Class B Common Stock on March 14, 2008 is between $12.09 and $16.09.

  • Third Tranche The proposed issue of the Third Tranche Shares is based on a series of formulas built around the Gross Margin Contribution (GMC) of the Sprooki business on its own and the Gross Margin Contribution of the Company (excluding revenue from the Condat business and any one off revenues from subsequent acquisitions and disposals made by the Company).


More Definitions of Third Tranche Shares

Third Tranche Shares means [____] Ordinary Shares (as such number of Shares may be adjusted from time to time pursuant to Section 13 hereof).
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Third Tranche Shares means 1,436,781 shares of Common Stock, subject to applicable adjustment hereunder.
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Third Tranche Shares has the meaning ascribed to such term in the recitals of this Agreement.
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Third Tranche Shares has the meaning given to it in clause 3.3(c).
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Third Tranche Shares means the shares of Series B Preferred Stock to be -------------------- issued and sold at the Third Tranche Closing pursuant to the Purchase Agreement.
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Third Tranche Shares means the number of shares of Common Stock purchased by the Investors on the Third Closing Date equal to the quotient obtained by dividing $1,000,000 by the applicable Purchase Price on such date..
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Related to Third Tranche Shares

  • Second Tranche means the amount of the Financing allocated to the category entitled “Second Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • VWAP Purchase Share Percentage means, with respect to any particular VWAP Purchase Notice pursuant to Section 1(c) hereof, the percentage set forth in the VWAP Purchase Notice which the Buyer will be required to buy as a specified percentage of the aggregate shares traded on the Principal Market during normal trading hours up to the VWAP Purchase Share Volume Maximum on the VWAP Purchase Date subject to Section 1(c) hereof but in no event shall this percentage exceed thirty percent (30%) of such VWAP Purchase Date’s share trading volume of the Common Stock on the Principal Market during normal trading hours.

  • First Tranche means the amount of the Loan allocated to the category entitled “First Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Accelerated Purchase Share Percentage means, with respect to an Accelerated Purchase made pursuant to Section 2(b) hereof, thirty percent (30%).

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Remaining Shares has the meaning set forth in Section 4.1.2.

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • Unsubscribed Shares means the Rights Offering Shares that have not been duly purchased by the Rights Offering Participants in accordance with the Rights Offering Procedures and the Plan.

  • Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.

  • 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.

  • Tranche 1 January 1, 2015 through December 31, 2015, which is allotted 25% of the Target Award,

  • Commitment Shares shall have the meaning set forth in Section 12.04.

  • Tranche 2 has the meaning set forth in Section 2.2(a)(ii).

  • A Shares means a participating share of no par value in the capital of the Fund, denominated in US Dollars;

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

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

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

  • Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.

  • Purchaser Common Stock means the common stock, par value $0.01 per share, of Purchaser.

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • Over-Allotment Units means the additional number of Private Units the Sponsor will be required to purchase in the event that the underwriters in the Company’s initial public offering exercise their over-allotment option, as described in the prospectus relating to the Company’s initial public offering.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • Initial Shares means a number of Registrable Securities equal to the lesser of (i) the total number of Registrable Securities and (ii) one-third of the number of issued and outstanding shares of Common Stock that are held by non-affiliates of the Company on the day immediately prior to the filing date of the Initial Registration Statement.