Exchangor Proposed Value Sample Clauses

Exchangor Proposed Value. If Section 3.1 does not apply, Globo shall have the right in the Exchange Notice to request in writing from the Exchangor a reasonable, good faith estimate in U.S. Dollars of the price per-quota or per-share as of the Exchange Notice Date, as applicable, of the Exchange Shares (the “Exchangor Proposed Value”). The Exchangor Proposed Value shall be based as to information regarding the Company upon information then available to the Exchangor and shall be delivered in writing to Globo by the Exchangor no later than five Business Days from the date of receipt of Globo’s request (the “Exchangor Proposed Value Notice”). If within five Business Days of the receipt by Globo of the Exchangor Proposed Value Notice (the “Applicable Period”) (i) Globo accepts the Exchangor Proposed Value by written notice to Exchangor, such value shall be deemed to be the PPQ or (ii) the Parties agree on any other value for the Exchange Shares, such value shall be deemed to be the PPQ. If within the Applicable Period Globo rejects the Exchangor Proposed Value or does not deliver to Exchangor a written response to the Exchangor Proposed Value, the Parties shall comply with the procedures set forth in Section 3.2.2 below (the “Second Phase Event”).
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