Adjustment Factor definition
Examples of Adjustment Factor in a sentence
Upon such contribution, the Company will issue to the Managing Member a number of Common Units equal to the quotient of (i) the new Class A-1 REIT Shares so issued, divided by (ii) the Adjustment Factor then in effect.
The dollar amount used to calculate the number of Performance Shares issuable upon the achievement of any of the revenue thresholds set forth above (i.e., $14,000,000, $21,000,000 or $28,000,000, as applicable) shall be adjusted as follows: (i) the applicable payout amount shall be multiplied by the CPI Adjustment Factor and (ii) the resulting adjusted amount shall be divided by the applicable Value to determine the number of Performance Shares to be issued.
For purposes of the following examples, it is assumed that (a) the Adjustment Factor in effect on is 1.0 and (b) on (the “Company Record Date” for purposes of these examples), prior to the events described in the examples, there are 100 Class A-1 REIT Shares issued and outstanding.
The Company is expressly authorized to issue Membership Units (a) in accordance with the terms of any such equity incentive plans or plan implementation guidelines or (b) in an amount equal to the number of Class A-1 REIT Shares, Capital Shares or New Securities issued pursuant to any such equity incentive plans, divided, if applicable, by the Adjustment Factor then in effect, without any further act, approval or vote of any Member or any other Persons.