SALES PRICE. In the event SIG or IGF shall exercise a Change of Control Call Mechanism, SIG or IGF shall be obligated to pay CNA an amount equal to 6.70 times the Average Pre-Tax Income as computed pursuant to this Section; provided, however, that if SIG or IGFH exercises its the Call Mechanism in Crop Years 1998, 1999 or 2000, the amount paid to CNA shall not be less than fifteen million dollars ($15,000,000).
Appears in 3 contracts
Samples: Strategic Alliance Agreement (Symons International Group Inc), Strategic Alliance Agreement (Goran Capital Inc), Strategic Alliance Agreement (Symons International Group Inc)
SALES PRICE. In the event SIG or IGF shall exercise a Change of Control the Call Mechanism, SIG or IGF shall be obligated to pay CNA an amount equal to 6.70 times the Average Pre-Tax Income as computed pursuant to this Section; provided, however, that if SIG or IGFH exercises its the Call Mechanism in Crop Years 1998, 1999 or 2000, the amount paid to CNA shall not be less than fifteen million dollars ($15,000,000).
Appears in 3 contracts
Samples: Strategic Alliance Agreement (Goran Capital Inc), Strategic Alliance Agreement (Symons International Group Inc), Strategic Alliance Agreement (Symons International Group Inc)