Backstop Price definition

Backstop Price means (a) the Backstop Multiple times (b) the Normalized Estimated Net Income as of the Determination Date, divided by (c) the number of fully diluted shares of PG&E (calculated using the treasury stock method) that will be outstanding as of the Effective Date (assuming all equity is raised by funding all Aggregate Backstop Commitments).
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Backstop Price means (a) the Backstop Multiple times (b) the Normalized Estimated Net Income as of the Determination Date, divided by (c) the number of fully diluted shares of PG&E (calculated using the treasury stock method) that will be outstanding as of the Effective Date (assuming the entirety of the Equity Offering is purchased pursuant to this Backstop Commitment Letter and all Other Backstop Commitment Letters).
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Backstop Price has the meaning ascribed to it in Section 2.1(b) of the Agreement.
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Examples of Backstop Price in a sentence

  • The equivalent price per Common Share paid by the Investor for the Common Shares acquired pursuant to the Backstop Facility, calculated based on the total Redemption Consideration paid by the Investor, is referred to herein as the "Backstop Price".

  • Based on the closing price of Deutsche Bank shares on the Frankfurt Stock Exchange (XETRA trading) on May 16, 2014, the Preliminary Backstop Price represents a discount to the theoretical ex rights price (the “TERP”), as calculated by the formula under (d) below, of 26.6 per cent.

  • The Manager will use its best efforts to procure purchasers of the Securities until June 4, 2005 or a time as otherwise agreed between the Seller and the Manager (the “Pricing Date”) at a price exceeding the Backstop Price (the “Resale Price”).

  • Initially, the Commitments as set forth in Schedule II shall include a maximum Euro amount and a maximum number of New Shares based upon the Preliminary Backstop Price set forth below.

  • The Seller shall pay the Manager a fee equal to (a) 1.80% plus (b) 20% of the excess, if any, of the Resale Price over the Backstop Price, multiplied in both cases by the number of Securities.

  • Payment of Aggregate Backstop Price or, as the case may be, the Aggregate Subscription Price to be effected by the Investor no later than 18 August 2009.


More Definitions of Backstop Price

Backstop Price. ’ means HK$2.34 per Sale Share
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