Example No. 4: Sample Clauses

Example No. 4:. The Value of the Stock at the time that Knuppe tenders the Series A Units for redemption is $0.10 per share of Stock, and Parent elects to acquire all of the Tendered Series A Preferred Units in exchange for Stock. The Series A Preferred Redemption Amount payable with respect to each Series A Unit would be equal to the sum of the Series A Preferred Capital ($116.1639629083) plus the Value of a share of Stock ($0.10), or $116.2639629083. The total cash amount that would be payable with respect to such redemption (but for Parent’s election to issue Stock in exchange for the Series A Units) would be equal to the product of the total number of Series A Units (989,980) multiplied by the Series A Preferred Redemption Amount ($116.2639629083), or $115,098,998.00. But for the Maximum Shares of Stock limitation, Parent would have the obligation to issue 1,150,989,980 shares of Stock with respect to the redemption. Because of the Maximum Shares of Stock limitation, Parent would only be obligated to issue 116,000,000 shares of Stock having a Value of $11,600,000.00. All of the Shares of Stock would be applied the satisfaction of the Promissory Note leaving a balance owing under the Note of $88,400,000.00. Knuppe remains obligated for the payment of the $88,400,000.00 on the Promissory Note.
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Related to Example No. 4:

  • NO STRIKE/NO LOCKOUT 4.01 The Union agrees there shall be no strikes and the Hospital agrees there shall be no lockouts so long as this Agreement continues to operate. The terms "strike" and "lockout" shall bear the meaning given them in the Ontario Labour Relations Act.

  • Ownership of Content 4.1 All materials including paper based resources, and all materials displayed on the Site and the Apps, including without limitation all information, text, materials, graphics, software, tools, results derived from the use of software and tools, advertisements, names, logos and trade marks on the paper based version, the Site and the Apps (Content) are protected by copyright, trade mark and other intellectual property laws unless otherwise indicated. 4.2 Copyright in the Site (including text, graphics, logos, icons, sounds recordings, computer code and software) and the Content is owned or licensed by Maths Circle Ltd (Company Number 09861676). Except as expressly authorised by these General Conditions, or by legislation or statute, Users must not in any form or by any means: 4.2.1 adapt, copy, reproduce, store, distribute, print, display, perform, publish or create derivative works from any part of the Content; or 4.2.2 commercialise any information, products, or services obtained from any part of the Content. 4.3 Users must not modify, copy, reproduce, republish, frame, download onto a computer, upload to a third party, post, transmit, share or distribute this Content in any way except as expressly provided for in these General Conditions or with our express prior written consent. 4.4 Users must not use the Content for commercial purposes without first obtaining our prior written consent.

  • NO STRIKES - NO LOCKOUTS In view of the orderly procedures established by this Agreement for the settling of disputes and the handling of grievances, the Union agrees that, during the life of this agreement, there will be no strike, picketing, slowdown or stoppage of work, either complete or partial, and the Corporation agrees that there will be no lockout.

  • Particular Methods of Procurement of Consultants’ Services 1. Quality- and Cost-based Selection. Except as otherwise provided in paragraph 2 below, consultants’ services shall be procured under contracts awarded on the basis of Quality and Cost-based Selection.

  • NO STRIKES AND NO LOCKOUTS 5:01 The Employer undertakes that there will be no lockout as defined in the Labour Relations Act during the term of this Agreement. The Union undertakes that there will be no strike as defined in the Labour Relations Act during the term of this Agreement.