Examples of Adjusted Stockholders in a sentence
Notwithstanding anything to the contrary in this Agreement, either party shall have the option to terminate this Agreement prior to Closing in the event that stockholders' equity per share as determined and adjusted pursuant to this Section (the "Adjusted Stockholders Equity Per Share") is greater than $1.75 or less than $1.45.
Adjusted Stockholder's Equity, as defined below, shall be greater than one billion two hundred twenty-seven million four hundred thousand dollars ($1,227,400,000).
For purposes of this Agreement, except as otherwise expressly provided or unless the context clearly requires otherwise: "Adjusted Stockholder's Equity" shall have the meaning ascribed to it in Section 6.2(c).
CGB&L's Adjusted Stockholders' Equity ---------------------------- (as calculated immediately prior to the Closing Date for purposes of Section ------- 3.1(b) hereof) shall not be less than $1,500,000, and the allowance for loan and ------ lease losses of the Bank shall not be less than an amount equal to $32,700 on the Closing Date.
The "Estimated Adjusted Stockholder's Equity" shall mean $94,205,006, the Adjusted Stockholder's Equity as identified on the Reference Balance Sheet.
In the event that any dispute should arise between the Buyer and the Seller with respect to any matter covered by this Agreement or the interpretation of this Agreement (other than the calculation of the Adjusted Stockholder's Equity, which shall be settled in accordance with Section 1.4), the Buyer and the Seller shall resolve such dispute in accordance with the procedures set forth in this Section 10.14.
Permit Adjusted Stockholders' Equity, ----------------------------- as of the last day of any Fiscal Quarter, to be less than the sum of (a) $800,000,000 plus (b) ------ ---- an amount equal to 33 1/3% of the net cash proceeds from all issuances by Borrower of its capital stock subsequent to the Closing Date.
At the same time, Seller Parent and Seller, at Seller's expense, will prepare or cause to be prepared, and will deliver to Buyer, a combined statement of Adjusted Stockholder's Equity of the Companies as of the Closing Date (the "Closing Adjusted Stockholder's Equity Statement").
For purposes of this Section 1.2(g), "Adjusted Decrease in Stockholders' Equity" shall be equal to stockholders equity as shown on the Current Balance Sheet less the Adjusted Stockholders' Equity multiplied by the applicable percentage (50% or 100%) required by the foregoing; provided, that the Adjusted Decrease in Stockholders' Equity shall be zero if the Adjusted Stockholders' Equity is greater than the stockholders' equity on the Current Balance Sheet.
The Closing Financial Statements and Bancorp's calculation of Adjusted Stockholder's Equity shall be verified and approved by certified public accountants selected by Buyer, which verification and approval shall not be withheld unreasonably.