Common Price definition

Common Price has the meaning set forth in the Recitals.
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Common Price shall have the meaning set forth in Section 2.1(a).
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Common Price means the proposed price to be paid for one share of the Common Stock calculated with reference to the transaction resulting in the Change in Ownership or the Fundamental Change (after giving effect to any conversion of Shares of Class B Preferred contemplated by Section 5B). For purposes of determining the Common Price for a sale or transfer of assets under clause (a) of the definition of Fundamental Change, the Common Price shall mean an amount equal to the quotient determined by dividing (x) the amount that would have been distributable to the holders of the Common Stock if all of the assets of the Corporation had been sold and there had been a complete liquidation of the Corporation, by (y) the number of then outstanding shares of Common Stock (after giving effect to any conversion of Shares of Class B Preferred contemplated by Section 5B).
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Examples of Common Price in a sentence

  • Until so surrendered and exchanged, each such Common Certificate (other than Common Certificates representing Dissenting Shares) shall represent solely the right to receive the Common Price Per Share.

  • The "UJB Common Price" shall mean the closing price of one share of UJB Common on the New York Stock Exchange--Composite Transactions List (as reported in The Wall Street Journal or, in the absence thereof, by any other authoritative source).

  • Each Summit shareholder shall be entitled to receive cash in lieu of any fractional share of UJB Common resulting from such multiplication in an amount ("Cash In Lieu Amount") determined by multiplying the fractional share interest to which such holder would otherwise be entitled by the UJB Common Price on the last business day preceding the Effective Time.

  • No interest shall be paid or accrue on the Common Price Per Share.

  • If, after the Effective Time, any such holder fails to perfect or withdraws or loses his right to appraisal, such Dissenting Shares shall thereupon be treated as if they had been converted as of the Effective Time into the right to receive the Preferred Price Per Share or the Common Price Per Share, as the case may be, if any, to which such holder is entitled, without interest or dividends thereon.

  • The parties agree that solely for purposes of the exercise of the Purchase Option pursuant to Section 1 of this Exercise Agreement (the “February 2017 Exercise”), the Option Agreement shall be amended such that: (a) the Holdings Price shall equal $9,000,000 and (b) the Common Price shall equal $90,000 (the amendments provided in clauses (a) and (b), collectively, the “Price Amendment”).

  • No consideration will be paid to the holder of an Option the per share exercise price of which exceeds the Common Price Per Share.

  • If the Common Price includes consideration other than cash, the cash equivalent value of the non cash consideration shall be determined by the Board in good faith, which determination shall be binding upon the Company, each Holder and the Transferor, absent fraud or material error.

  • If less than all of the 3,618,501 shares of Common Stock held by the Drag-Along Sellers are not so transferred to the Buyer, then the Common Price will be reduced to $1.00.

  • Upon the surrender of each Common Certificate formerly representing shares of Common Stock, together with a properly completed letter of transmittal, the Paying Agent shall pay the holder of such Common Certificate the Common Price Per Share multiplied by the number of shares of Common Stock formerly represented by each such Common Certificate, in exchange therefor, and each such Common Certificate shall forthwith be canceled.