Common use of Shareholders’ Equity Clause in Contracts

Shareholders’ Equity. If as of the end of the month prior to the Effective Time, the Company Consolidated Shareholders’ Equity is less than $80,000,000, the Stock Purchase Price shall be reduced by an amount equal to (x) $80,000,000 minus (y) the Company Consolidated Shareholders’ Equity as of the end of the month prior to the Effective Time (the “Shareholders’ Equity Price Adjustment”).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (United Bancorp Inc /Mi/), Agreement and Plan of Merger (Old National Bancorp /In/)

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Shareholders’ Equity. If as of the end of the month prior to the Effective Time, the Company Consolidated Shareholders’ Equity is less than $80,000,00039,200,000, the Stock Purchase Price shall be reduced by an amount equal to (x) $80,000,000 39,200,000 minus (y) the Company Consolidated Shareholders’ Equity as of the end of the month prior to the Effective Time (the “Shareholders’ Equity Price Adjustment”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Old National Bancorp /In/)

Shareholders’ Equity. If If, as of the end of the month prior to the Effective TimeFinal Statement Date, the Company Consolidated Shareholders’ Equity is less than $80,000,00019,500,000, the Stock Purchase Price Value shall be reduced by an amount equal to (xa) $80,000,000 19,500,000 minus (yb) the Company Consolidated Shareholders’ Equity as of the end of the month prior to the Effective Time Final Statement Date (the “Shareholders’ Equity Price Adjustment”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Monarch Community Bancorp Inc)

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Shareholders’ Equity. If If, as of the end of the month prior to the Effective TimeFinal Statement Date, the Company Consolidated Shareholders’ Equity is less than $80,000,00034,500,000, the Stock Purchase Price Value shall be reduced by an amount equal to (xa) $80,000,000 34,500,000 minus (yb) the Company Consolidated Shareholders’ Equity as of the end of the month prior to the Effective Time Final Statement Date (the “Shareholders’ Equity Price Adjustment”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Independent Bank Corp /Mi/)

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