2.25x Value definition
2.25x Value means, as of any date of determination, the product of (i) the product of (A) $[•],(6) plus any Capital Contributions made by the ECP Parties to the Company after the date hereof, plus any Conversion Amount and any amounts of the Bridge Loan converted pursuant to Section 4.11(c), minus any Capital Contributions returned through Distributions to the ECP Parties prior to the date of determination minus any ECP Consideration paid to the ECP Parties in connection with a Partial Put or Partial Call, and (B) 2.25, multiplied by (ii) the amount expressed as a percentage that equals the quotient of (A) the Units being sold by the ECP Parties in respect of the applicable Call Right divided by (B) the aggregate number of Units held by the ECP Parties.(7)
Examples of 2.25x Value in a sentence
Each of the ECP Representative and Dynegy shall jointly determine all components of the calculation of the Put/Call Purchase Price, the 2.25x Value and the Dynegy Parent Share Value.