Call Value definition
Examples of Call Value in a sentence
The purchase price to be paid by the Partnership in connection with the exercise of the Series D Call Right shall be the product of (A) the Series D Call Value per Series D Preferred Unit to be acquired pursuant to the Series D Call Right (subject to appropriate adjustment for any equity distribution, subdivision or combination of Partnership Interests), multiplied by (B) 1.03.
The purchase price to be paid by the Partnership in connection with the exercise of the Series E Call Right shall be the Series E Call Value per Series E Preferred Unit to be acquired pursuant to the Series E Call Right (subject to appropriate adjustment for any equity distribution, subdivision or combination of Partnership Interests).
Upon the occurrence of a Call Event, the Partnership, at its option (exercisable at any time during the 60-day period following the date of such Call Event), may (but the Partnership shall have no obligation to) purchase all (or any portion elected by the Partnership in its sole discretion) of the Earned Units held by Executive (or by Executive’s estate), for a purchase price per Earned Unit equal to the Call Value at the time of the Call Event.
If Parent desires to exercise the Call Right, then Parent shall deliver to the Holders a written notice (the “Call Notice”) specifying the number of issued Parent Shares (the “Repurchased Issued Shares”) and/or the number of unissued Parent Shares (the “Repurchased Unissued Shares”) for which Parent desires to exercise the Call Right, and the applicable Call Value thereof.
The maximum number of Additional Shares which may be issued and sold shall be determined on the basis of the Capital Call Value of the Company on the date of the Capital Call Notice and shall equal: (i) the number of Class A Units prior to the Capital Call Notice; (ii) multiplied by a fraction, the numerator of which is the aggregate amount of the Necessary Funds and the denominator of which is the Capital Call Value of the Company immediately prior to the Capital Call Notice .
For example, if (i) the VWAP per Common Share were $6.00, and (ii) the then current Option Price per share was $3.00, and (iii) the number of Common Shares remaining under the Purchase Option was 4,000,000, then (X) the Call Value would be $12,000,000, and (Y) the total number of Common Shares to be issued in satisfaction of the Call Option would be 2,000,000 Common Shares.
Commencing on the Consummation, and at any time thereafter, CBI and/or any of its Affiliates shall have the option to purchase the Interests owned by the AT&T PCS Member Group in the Company (the "Call") for a purchase price equal to an amount that is $85.0 million dollars accreting daily at an annual rate of 5% compounding monthly from the Effective Date to and including the date of closing of the Call (the "Call Value").
If the closing of the Call has not occurred prior to January 31, 2006, then on such date, the Call Value shall be adjusted down to $83.0 million and shall begin accreting again on the same terms from such date.