Tranche B Shares definition

Tranche B Shares means the Shares to be subscribed for by the Subscriber pursuant to Article 4 of this Agreement.

Tranche B Shares means the Shares to be issued to the Allottee pursuant to Sections 2.2(a)(ii) or 2.2(b)(ii) of this Agreement, subject to the adjustment (if applicable) set forth in Section 2.7 of this Agreement.

Tranche B Shares has the meaning set forth in Section 1(b).

Examples of Tranche B Shares in a sentence

• All Shares issued by the Company prior to 4 September 2012 when the Shares were not designated into Tranches were converted to Participating Tranche B Shares on 4 September 2012.

• At the Tranche B Closing, subject to the terms and conditions hereof, the Company will deliver to the Investor the Tranche B Securities, by delivery of a certificate or certificates evidencing the Tranche B Shares and the Tranche B Warrants, free and clear of any Liens, and the Investor will make payment to the Company of the Tranche B Purchase Price by wire transfer of immediately available funds to an account designated by the Company.

• The fair value of the Tranche B Shares was recorded as a debt discount of $65,347 and is amortized to interest expense over the term of the loan using the straight-line method.

• The fair value of the Tranche B Shares was determined by using the Black-Scholes option-pricing model, with the following assumptions: (i) no expected dividends; (ii) a risk-free interest rate of 1.38%; (iii) expected volatility of 55.0%; and (iv) an expected life of the warrants of 7.0 years.

• A total of 22,277 ordinary shares (“Pre-IPO Tranche B Shares) of HK$0.1 each were allotted and issued to the Pre-IPO Tranche B Corporate Investors at an aggregated cash consideration of HK$102,000,000.

More Definitions of Tranche B Shares

Tranche B Shares shall have the meaning assigned to such term in the Purchase Agreement.

Tranche B Shares means a number of shares of Common Stock equal to a quotient, the numerator of which shall be an amount equal to $1,000,000.00 and the denominator of which shall be an amount equal to the average closing price per share of Common Stock for the thirty (30) consecutive trading days immediately preceding the day of the Tranche B Closing less a 25% discount.

Tranche B Shares has the meaning assigned to it in Section 4(b) hereof.

Tranche B Shares means the shares of Common Stock issuable at the Tranche B Closing.

Tranche B Shares has the meaning ascribed to it in the Investor Rights Agreement.

Tranche B Shares means the 416,232 shares of Common Stock (equaling the remaining one-half of the Registrable Securities) issued to Stockholders pursuant to the Purchase Agreements.

Tranche B Shares has the meaning assigned to it in Section 4(b) hereof. "Tranche B Warrants" has the meaning assigned to it in Section 4(b) hereof. "Transaction Documents" means this Agreement, the Warrant Instrument, the Registration Rights Agreement, and the Strategic Agreement. "Unaudited Balance Sheets" has the meaning assigned to it in Section 6.6 hereof. "Unaudited Financial Statements" has the meaning assigned to it in Section 6.6 hereof. "Underlying Shares" means the shares of Common Stock issuable upon conversion of the shares of Series D Preferred Stock. "VWAP" means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date) on the primary Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg Financial L.P. (based on a Trading Day from 9:30 a.m. EST to 4:02 p.m. Eastern Time) using the VAP function; (b) if the Common Stock is not then listed or quoted on the Trading Market and if prices for the Common Stock are then reported in the "Pink Sheets" published by the Pink Sheets, LLC (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported; or (c) in all other cases, the fair market value of a share of Common Stock as determined by a nationally recognized-independent appraiser selected in good faith by the Investor. "Warrant Instrument" has the meaning assigned to it in Section 3 hereof. "Warrants" has the meaning assigned to it in Section 3 hereof.