Guaranteed Return. (A) If the aggregate cash return actually received by the Holder on the Warrant Shares of the Company over the Value of the Warrant calculated based on the formula below (the “Actual Return”) under this Warrant is less than the minimum return that the Holder is guaranteed to receive up to 58 months from the Date of Drawdown, which shall be calculated based on the formula below (the “Minimum Return”), the Company shall cause the Key Founder and/or the Domestic Company to compensate the Holder in cash for the difference between the Actual Return and the Minimum Return within thirty (30) days upon the Holder’s written request, (1) Formula: Actual Return = C Minimum Return = (V×18%×N2)-(V×12%×N1) Where,
Appears in 3 contracts
Sources: Warrant Agreement (Puxin LTD), Warrant Agreement (Puxin LTD), Warrant Agreement (Puxin LTD)