Maximum Stock Number definition

Maximum Stock Number means a number of shares of SHC Common Stock equal to 45% of the total of (i) the number of shares of SHC Common Stock to be issued to Frankfort First Shareholders in the Merger; and (ii) the number of shares of SHC Common Stock to be issued to purchasers of SHC Common Stock in the Reorganization (collectively, the “Outstanding SHC Common Stock”), provided that in the discretion of First Federal such percentage may be increased to up to 49% of the Outstanding SHC Common Stock in the event that upon completion of the offerings contemplated in the Reorganization First Federal has not received orders for at least the minimum number of shares offered.
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Maximum Stock Number means the greater of (i) the Minimum Stock Number and (ii) the quotient, the numerator of which is the lesser of A or B, divided by .55, minus the lesser of A or B, and the denominator of which is 2.35, where: A = .55 multiplied by the maximum, as adjusted, of the Reorganization offering range; and B = that number of shares of SHC Common Stock for which orders are received and accepted in the Reorganization offering. Notwithstanding any of the foregoing provisions, under no circumstance shall the holders of shares of Frankfort First Common Stock receive an aggregate number of shares of SHC Common Stock in the Merger that would equal more than 49% of the total number of shares of SHC Common Stock issued in the Reorganization and the Merger.
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Maximum Stock Number means that number equal to: (A) the Stock Percentage; multiplied by (B) the number of shares of First Northern Common Stock issued and outstanding immediately prior to the Effective Time.
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Examples of Maximum Stock Number in a sentence

  • Notwithstanding any other provisions of this Agreement, the number of shares of SHC Common Stock to be issued to holders of Frankfort First Common Stock in the Merger shall not exceed the Maximum Stock Number.

  • The number of shares of WICOR Common Stock to be --------------- converted into the right to receive Wisconsin Energy Common Stock in the Merger shall equal the Maximum Stock Number.

  • The number of shares of First Northern Common Stock to be converted into the right to receive Survivor Common Stock in the Merger shall equal the Maximum Stock Number.

  • Notwithstanding any other provisions of this Agreement (i) the number of shares of Frankfort First Common Stock to be exchanged for the Stock Consideration in the Merger shall not exceed the Maximum Stock Number, and (ii) the minimum number of shares of Frankfort First Common Stock to be exchanged for the Stock Consideration in the Merger shall not be less than the Minimum Stock Number.

  • The number of shares of Company Common Stock to be converted into the right to receive Stock Consideration in the Merger (the "Maximum Stock Number") shall be equal to (i) the number of issued and outstanding shares of Company Common Stock immediately prior to the Effective Time less (ii) the sum of (A) the Maximum Cash Election Number and (B) the number of Dissenting Shares, if any.

  • Notwithstanding any other provisions of -------------- this Agreement, the number of shares of SHC Common Stock to be issued to holders of Frankfort First Common Stock in the Merger shall not exceed the Maximum Stock Number.


More Definitions of Maximum Stock Number

Maximum Stock Number means that number equal to: (A) the Stock Percentage; multiplied by (B) the number of shares of WICOR Common Stock issued and outstanding immediately prior to the Effective Time of Merger.
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Maximum Stock Number means a number of shares of SHC Common Stock equal to 45% of the total of (i) the number of shares of SHC Common Stock to be issued to Frankfort First Shareholders in the Merger; and (ii) the number of shares of SHC Common Stock to be issued to purchasers of SHC Common Stock in the Reorganization (collectively, the "Outstanding SHC Common Stock"), provided that in the discretion of First Federal: (i) such percentage may be increased to up to 49% of the Outstanding SHC Common Stock in the event that upon completion of the offerings contemplated in the Reorganization First Federal has not received orders for at least the minimum number of shares offered; and (ii) First Federal may elect to exclude any portion or all of the shares of SHC Common Stock purchased by the ESOP in the Reorganization from the Outstanding SHC Common Stock for purposes of calculating the Maximum Stock Number.
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Maximum Stock Number means 8,500,000 less the number of shares of Parent Common Stock issuable in respect of Restricted Stock and Company Stock Options outstanding on the Acceptance Date (after giving effect to any exercises of Company Stock Options in connection with the Offer prior to the Acceptance Date)."
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Related to Maximum Stock Number

  • Maximum Share Amount shall have the meaning set forth in Section 2.01(c).

  • CAS number means the Chemical Abstract Service registry number identifying a particular substance.

  • Maximum Number of Shares is defined in Section 2.1.4.

  • Maximum Stock Loan Rate As provided in Annex A to this Confirmation.

  • 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