Ascribed Value definition
Examples of Ascribed Value in a sentence
The term "Ascribed Value", as used herein, shall mean the value ascribed to shares of the common stock of the Company for purposes of issuing and distributing its common stock on the Emergence Date pursuant to the Plan.
The per share exercise price under the options shall be an amount equal $80,000,000.00 divided by the total number of shares issued under the Plan, irrespective of the Ascribed Value.
All calculations of Ascribed Value, fundings of Loans, issuances of Letters of Credit and payments of Obligations shall be in Dollars and, unless the context otherwise requires, all determinations (including calculations of Borrowing Base and financial covenants) made from time to time under the Loan Documents shall be made in light of the circumstances existing at such time.
The per share exercise price under the options shall be an amount equal to $80,000,000.00 divided by the total number of shares issued under the Plan, irrespective of the Ascribed Value.
One-half (50%) of the shares shall vest on the second (2nd) anniversary of the Emergence Date and twenty-five percent (25%) shall vest on each of the third and fourth anniversaries of the Emergence Date; provided in each case, that, at least once commencing on or after the Emergence Date, for a period of twenty (20) consecutive trading days, the closing sales price of a share of such stock is at least one hundred and fifty percent (150%) of the Ascribed Value.
As of the Emergence Date, the Company shall issue to the Executive restricted shares of its common stock (rounded up to the nearest whole share) having a value, based on the "Ascribed Value" (as hereinafter defined) equal to one percent (1%) of the number of shares issued under the Plan.
Fifty percent (50%) of the shares shall vest on the second (2nd) anniversary of the Emergence Date and twenty-five percent (25%) shall vest on each of the third and fourth anniversaries of the date of the Emergence Date; provided that, at least once on or after the Emergence Date, for a period of twenty (20) consecutive trading days, the closing sales price of a share of such stock is at least one hundred and fifty percent (150%) of the Ascribed Value.
As of the Emergence Date, the Company shall issue to the Executive restricted shares of its common stock (rounded up to the nearest whole share) having a value, based on the "Ascribed Value" (as hereinafter defined) equal to one-half of one percent (0.5%) of the number of shares issued under the Plan.
If the Managing Member elects to effect a Promote Buyout, then the “as-is” fair market value of the Property (the “BuyoutPropertyValue”) shall be the Seller Ascribed Value or, if the Managing Member elects not to accept the Seller Ascribed Value, then the value subsequently determined by appraisal as set forth in Schedule V attached hereto and incorporated herein by reference.
Fifty percent (50%) of the shares shall vest on the second (2nd) anniversary of the Emergence Date and twenty-five percent (25%) shall vest on each of the third and fourth anniversaries of the date of the Emergence Date; provided that, at least once commencing on or after the Emergence Date, for a period of twenty (20) consecutive trading days, the closing sales price of a share of such stock is at least one hundred and fifty percent (150%) of the Ascribed Value.