Trading Average. The Trading Average shall not be greater than $42.210 unless the Company shall have agreed to decrease the Exchange Ratio to such ratio, as shall when multiplied by the Trading Average result in a price per Common Share equal to the product of (i) the Cash Price divided by $38.693 and (ii) $42.210.
Appears in 3 contracts
Sources: Agreement and Plan of Merger (Washington National Corp), Agreement and Plan of Merger (Penncorp Financial Group Inc /De/), Agreement and Plan of Merger (Washington National Corp)