Adjustment to the Exercise Price. (A) Subject to the limitation set forth in Section 3(b)(C) below, in the event that the Company’s 2017 EBITDA is less than $22 million, the aggregate Exercise Price for the Warrant Shares shall be adjusted by deducting an amount derived from the following formula (“EBITDA Adjustment Amount”): EBITDA Adjustment Amount = $27.5 million – (2017 EBITDA X 1.25)
Appears in 3 contracts
Samples: Power Solutions International, Inc., Power Solutions International, Inc., Weichai America Corp.
Adjustment to the Exercise Price. (A) Subject to the limitation set forth in Section 3(b)(C) below, in the event that the Company’s 2017 EBITDA is less than $22 million, the aggregate Exercise Price for the Warrant Shares shall be adjusted by deducting an amount derived from the following formula (“EBITDA Adjustment Amount”): EBITDA Adjustment Amount = $27.5 million – (2017 EBITDA X × 1.25)
Appears in 2 contracts
Samples: Weichai America Corp., Power Solutions International, Inc.
Adjustment to the Exercise Price. (A) Subject to the limitation set forth in Section 3(b)(C) below, in the event that the Company’s 2017 EBITDA is less than $22 million, the aggregate Exercise Price for the Warrant Shares shall be adjusted by deducting an amount derived from the following formula (“EBITDA Adjustment Amount”): EBITDA Adjustment Amount = $27.5 million – - (2017 EBITDA X 1.25)
Appears in 1 contract
Samples: Weichai America Corp.
