Common use of SHARE PRICE Clause in Contracts

SHARE PRICE. For the purpose of the Transfer of the Shares and Subordinated Shareholder Loans as stated in Section 14.3 above, the sale and purchase price of the Shares and Subordinated Shareholder Loans shall be at (i) the then book value of such Shares and the outstanding principal and accrued interest of the Subordinated Shareholder Loans as determined by the Auditor in the case of Subsections 14.1(a) through (b) above, or (ii) seventy-five percent (75%) of the par value of such Shares or seventy-five percent (75%) of the then book value of such Shares as determined by the Auditor, whichever is less, and seventy-five percent (75%) of the outstanding principal and accrued interest of the Subordinated Shareholder Loans in the case of Subsection 14.1(c) above.

Appears in 2 contracts

Samples: Shareholders Agreement (Freeport McMoran Copper & Gold Inc), Shareholders Agreement (Freeport McMoran Copper & Gold Inc)

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SHARE PRICE. For the purpose of the Transfer of the Shares and and/or Subordinated Shareholder Loans of a defaulting Shareholder as stated in Section 14.3 above, the sale and purchase price of the Shares and and/or Subordinated Shareholder Loans shall be at be: (i) the then book value of such Shares and and/or the outstanding principal and accrued interest of the Subordinated Shareholder Loans (as applicable) as determined by the Auditor in the case of Subsections 14.1(a14.1 (a) through (b) above, or (ii) seventy-five percent (75%) of the par value of such Shares or seventy-five percent (75%) of the then book value of such Shares as determined by the Auditor, whichever is less, and and/or seventy-five percent (75%) of the outstanding principal and accrued interest of the Subordinated Shareholder Loans (as applicable) in the case of Subsection 14.1(c) above.

Appears in 1 contract

Samples: And Shareholders Agreement (Freeport-McMoran Inc)

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SHARE PRICE. For the purpose of the Transfer of the Shares and Subordinated Shareholder Loans as stated in Section 14.3 above, the sale and purchase price of the Shares and Subordinated Shareholder Loans shall be at (i) the then book value of such Shares and the outstanding principal and accrued interest of the Subordinated Shareholder Loans as determined by the Auditor in the case of Subsections 14.1(a14.1 (a) through (b) above, or (ii) seventy-five percent (75%) of the par value of such Shares or seventy-five percent (75%) of the then book value of such Shares as determined by the Auditor, whichever is less, and seventy-five percent (75%) of the outstanding principal and accrued interest of the Subordinated Shareholder Loans in the case of Subsection 14.1(c) above.

Appears in 1 contract

Samples: Joint Venture and Shareholders' Agreement (Freeport McMoran Copper & Gold Inc)

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