Class D Exchange Multiplier definition

Class D Exchange Multiplier means the number of Shares into which a Class D Unit is exchangeable from time to time.

Class D Exchange Multiplier means the number of Units into which a Class D Unit is exchangeable from time to time and, at the closing of the Pizza 73 acquisition, meant zero.

Examples of Class D Exchange Multiplier in a sentence

• The action led to an order for compliance with technical standards in the fire-extinguishing system and rectification orders for 12 deficiencies including in the Stand Roller, the mooring equipment, the statutory certificate, the weather-tight condition and the ISM code.

• In return for adding net additional royalty revenue, PPL receives the right to indirectly acquire additional shares of the Company through an adjustment to the Class B and Class D Exchange Multiplier (see note 5).

• The second adjustment to the Class D Exchange Multiplier will be adjusted to be effective January 1, 2016, once the actual performance of the new restaurants is determined in early 2017.

• As a result of the contribution of the additional net sales to the Royalty Pool, the Class D Exchange Multiplier increased fractionally by 80% of the total adjustment or 0.88162; the new Class D Multiplier is 16.36233.

• Accordingly, the Class D Exchange Multiplier remained unchanged at 17.52620.

• Once the actual performance of the new restaurants is determined in early 2018, the Class D Exchange Multiplier may be adjusted to be effective January 1, 2017.

• In return for adding net additional royalty revenue, PPL receives the right to indirectly acquire additional shares of the Company through an adjustment to the Class B and Class D Exchange Multiplier (see note 6).

• As a result of the adjustments, the new Class D Exchange Multiplier is 17.07332 and Class D Units can be exchanged for 1,707,332 shares, which is an increase of 71,099 shares, effective January 1, 2015.

• As a result of the contribution of the additional net sales to the Royalty Pool, the Class D Exchange Multiplier increased fractionally by 80% of the total adjustment or 0.35975; the new Class D Multiplier is 17.43307.

• A holder of Class D Units has the right to exchange one Class D Unit indirectly for that number of Shares equal to the Class D Exchange Multiplier applicable at the date of exchange.