Common use of Lower Limit Clause in Contracts

Lower Limit. In the case of the Estate of a Principal Shareholder, such Estate will tender for redemption and BCI will redeem that number of shares of Stock as shall equal that percentage of shares of Stock actually redeemed by the Estate of ▇▇▇▇ Block, Jr. compared to the maximum number of shares that said Estate could have redeemed under subparagraph (A) of this Section 1.03.

Appears in 1 contract

Sources: Stock Redemption Agreement

Lower Limit. In the case of the Estate of ▇▇ a Principal Shareholder, such Estate will tender for redemption and BCI will redeem that number of shares of Stock as shall equal that percentage of shares of Stock actually redeemed by the Estate of ▇▇▇▇ Paul Block, Jr. compared to the maximum number of shares that said Estate E▇▇▇▇e could have redeemed under subparagraph (A) of this Section 1.03.

Appears in 1 contract

Sources: Stock Redemption Agreement (Block Communications Inc)