Multiples Sample Clauses
The "Multiples" clause defines how certain amounts, such as payments or quantities, must be calculated or transacted in fixed increments rather than arbitrary values. For example, a contract might require that orders be placed in multiples of 100 units, or that payments be made in increments of $1,000. This ensures consistency and administrative efficiency by preventing the processing of irregular or impractically small amounts, thereby simplifying accounting and operational procedures.
Multiples. For the sake of clarity, liquidity arrangements that will be proposed to beneficiaries of ▇▇▇, ▇▇▇ and PS1 will provide for a price determination formula whereby the price of the Company Shares will be determined by multiplying the consolidated LTM revenues of the Company at the end of the month preceding the opening of the exercise period (which will open immediately after the Company Shares become available for sale) by 1.365, and dividing it by the number of Company Shares (fully diluted) as of Closing. This multiple corresponds to the equity value (on a fully diluted basis) corresponding to the Cash Offer Price / Company’s LTM consolidated revenues as of 30 June 2015. In case of significant disposals or acquisitions of activities (including as the case may be as a result of reorganizations of the Parent/Company Group or consolidation of Parent/Company activities), the multiple or the revenues computation methodology will be equitably adjusted as determined by an independent expert appointed by the Company to neutralize the revenues so added or removed. The liquidity arrangements for ▇▇▇, ▇▇▇ and PF1 will be exercisable only if: • Purchaser/parent has been able to implement a squeeze-out at the end of the Offer or has subsequently filed with the AMF a draft buyout offer followed by a squeeze-out; or • The liquidity of the Company Shares on the market is insufficient, i.e. as of the 10th trading day prior to the beginning of the relevant put option exercise period: • The publicly held portion of the Company Shares (such as defined in the instruction N03-01 of Euronext) has been, since the Offer Closing Date, less than 10% for at least one period of 10 consecutive trading days; or • The average trading volume observed over any period of 10 consecutive trading days chosen among the last 60 trading days preceding the exercise period of the liquidity arrangement has been less than 5,000 shares per day.
Multiples. LOW AVERAGE HIGH -------- -------- -------- Enterprise Value to: LTM Revenues................................................ 0.2x 0.8x 1.7x LTM EBITDA................................................ 3.5 6.4 11.9 LQA EBITDA................................................ 3.5 6.4 11.9 LTM EBITDA--CAPEX......................................... 6.3 9.5 16.1 MULTIPLES ------------------------------ LOW AVERAGE HIGH -------- -------- -------- LTM EBIT.................................................. 6.8 10.8 20.6 Market Value to: LTM Net Income............................................ 3.0x 9.3x 15.1x 2000E Net Income.......................................... 5.3 10.2 16.1 2001E Net Income.......................................... 3.9 9.3 22.8 LTM Book Value............................................ 0.5 1.5 3.6 Based upon the multiples derived from this analysis and the Company's historical and projected results, ▇▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇ calculated a range of implied equity values for the Company between $1.05 and $10.13 per share, with a weighted average implied equity value of $4.61 per share. Additionally, ▇▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇ calculated the present value of the net operating loss ("NOL") for the Company to be approximately $0.90 per share.
Multiples. LOW AVERAGE HIGH -------- -------- -------- Enterprise Value to: LTM Revenues................................................ 0.2x 0.8x 1.7x LTM EBITDA................................................ 3.5 6.4 11.9 LQA EBITDA................................................ 3.5 6.4 11.9 LTM EBITDA--CAPEX......................................... 6.3 9.5 16.1
Multiples of 5Mbps from 5Mbps to 100Mbps inclusive. For the avoidance of doubt, the minimum bandwidth speed for the Magellan Access Bandwidth service is 5Mbps;
Multiples. “Period (Financial quarter ending) Pre U.S. Disposal Post U.S. Disposal 30th June, 2004 3.25 1.30 30th September, 2004 3.85 1.55 31st December, 2004 3.30 1.30 31st March, 2005 3.35 1.20 30th June, 2005 5.80 2.05 30th September, 2005 5.60 2.00 31st December, 2005 4.00 1.50 31st March, 2006 3.70 1.25 “.