Maximum Aggregate Number of Shares definition

Maximum Aggregate Number of Shares to be issued under the Plan means the total number of Shares which may be issued pursuant to all Awards of Restricted Stock and Restricted Stock Units under the Plan which is 800,000 Shares. The Shares to be issued pursuant to Awards may be authorized, but unissued, or reacquired Shares.

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Maximum Aggregate Number of Shares means the maximum aggregate number of Royal Gold Shares and Exchangeable Shares that may be issued to the IRC Shareholders under the Arrangement, which is the lesser of (i) 7,750,000, and (ii) in the event the maximum aggregate amount of Cash Consideration to be paid to the IRC Shareholders is greater than the Canadian Dollar Equivalent as of the Effective Date of US$313,985,761, the greater of (A) 7,040,919 and (B) 7,750,000 less one for every Canadian Dollar Equivalent as of the Effective Date of US$50.79 of incremental cash election in the aggregate above the Canadian Dollar Equivalent as of the Effective Date of US$313,985,761.

Maximum Aggregate Number of Shares means __________(1) shares of Stock, as determined in accordance with Section 4.1 and subject to adjustment in accordance with Section 4.2.

Examples of Maximum Aggregate Number of Shares in a sentence

Initial Hedging Procedures: During the Initial Hedging Period Party A shall, in its sole discretion, use reasonable endeavours to execute Initial Hedge Positions so that in the aggregate Party A has established Hedge Positions in respect of a number of Shares up to but not exceeding the amount required such that the Aggregate Number of Shares is equal to the Maximum Aggregate Number of Shares and will establish the Initial Hedge Positions subject to the Initial Hedge Conditions.
Total IRC Shares Under Cash Election: 42,565,856 x C$7.45 = C$317,115,627 = US$352,350,697 Total IRC Shares Under Stock Election: 58,000,000 times 0.1385 x = 8,033,000 Shares Total 100,565,856 In this example, the Maximum Aggregate Number of Shares is set at 7,395,459 and the Maximum Aggregate Cash Consideration is set at US$331,992,888.
Each share election must be multiplied by a fraction whose numerator is the Maximum Aggregate Number of Shares (in this example 7,750,000) and whose denominator is the aggregate share election, or 8,033,000 shares.

Maximum Aggregate Purchase Price has the meaning assigned to such term in the Pricing Side Letter.
Maximum Number of Shares is defined in Section 2.1.4.
Number of Shares means a number of shares calculated as follows: Par / Initial Reference Price LPU rounded down to the nearest round lot as permitted by the Exchange for trading purposes, and the remaining fractional share amount (being the “Residual Amount”) shall be paid in USD as the Cash Residual; and
Maximum Share Amount shall have the meaning set forth in Section 2.01(c).
Total Exercise Price shall have the meaning set forth in Section 4(a) hereof.