Ostensibly the simplest item of clothes possible – a single size of cloth, as much as 9 metres long – the sari can be one of the world’s most versatile and trendy garments, which might be draped in dozens of various methods. Pro Rata Repurchases means any buy of shares of Widespread Inventory by the Company or any Affiliate thereof pursuant to (A) any tender supply or change supply topic to Part 13(e) or 14(e) of the Alternate Act or Regulation 14E promulgated thereunder or (B) every other provide available to substantially all holders of Frequent Stock, in the case of each (A) or (B), whether or not for money, shares of Capital Stock of the Firm, other securities of the Firm, evidences of indebtedness of the Company or some other Person or another property (together with, with out limitation, shares of Capital Inventory, different securities or evidences of indebtedness of a subsidiary), or any mixture thereof, effected whereas this Warrant is excellent.
Regulatory Approvals with respect to the Warrantholder, means, to the extent relevant and required to allow the Warrantholder to exercise this Warrant for shares of Frequent Stock and to personal such Common Inventory without the Warrantholder being in violation of relevant legislation, rule or regulation, the receipt of any crucial approvals and authorizations of, filings and registrations with, notifications to, or expiration or termination of any applicable waiting interval underneath, the Hart-Scott-Rodino Antitrust Enhancements Act of 1976, as amended, and the rules and rules thereunder.
In any case by which the provisions of this Section thirteen shall require that an adjustment shall develop into efficient immediately after a file date for an occasion, the Firm could defer till the prevalence of such event (i) issuing to the Warrantholder of this Warrant exercised after such record date and before the incidence of such occasion the additional shares of Widespread Inventory issuable upon such train by cause of the adjustment required by such event over and above the shares of Frequent Inventory issuable upon such exercise before giving impact to such adjustment and (ii) paying to such Warrantholder any amount of money in lieu of a fractional share of Widespread Inventory; supplied, nonetheless, that the Company upon request shall ship to such Warrantholder a due bill or different applicable instrument evidencing such Warrantholders right to receive such further shares, and such cash, upon the occurrence of the event requiring such adjustment.
As a situation precedent to the taking of any action which would require an adjustment pursuant to this Part 13, the Company shall take any action which may be mandatory, together with obtaining regulatory, New York Stock Exchange or NASDAQ Stock Market or different national securities alternate or stockholder approvals or exemptions, in order that the Firm may thereafter validly and legally concern as fully paid and nonassessable all shares of Widespread Stock that the Warrantholder is entitled to receive upon exercise of this Warrant pursuant to this Part thirteen.
Share Dilution Amount means the increase in the number of diluted shares excellent (decided in accordance with typically accepted accounting principles in the United States, and as measured from the date of the Companys consolidated financial statements most recently filed with the Securities and Alternate Fee fashion dress prior to the Original Problem Date) ensuing from the grant, vesting or exercise of fairness-based mostly compensation to workers and equitably adjusted for any inventory cut up, stock dividend, reverse inventory split, reclassification or similar transaction.