Consideration Unit definition
Examples of Consideration Unit in a sentence
In addition, Seller acknowledges and agrees that each certificate representing any Consideration Unit or other security issued by Buyer in respect of any such Consideration Unit shall bear the following restrictive legend: THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
Seller may satisfy any obligations arising pursuant to this Article 7 in any combination of cash or the surrender of Consideration Units for redemption (valued at $21.00 per Consideration Unit); provided that, Seller must provide written notice to Buyer of the intent to make a payment (in whole or in part) by surrendering Consideration Units for redemption at least five business days prior to the due date of any such payment.
For avoidance of doubt, adjustments and other payments pursuant to this Section 3.5 shall not constitute adjustments of the Cash Consideration, Unit Consideration or GP Consideration.
The Conversion Price is $25.00 per Evergreen Consideration Unit, subject to adjustment under certain circumstances.
In accordance with the provisions of Section 14.07 of the Indenture, for any conversion of Notes from and after the date hereof, the payment and delivery obligations of the Company upon the conversion of such Notes shall consist solely of cash in an amount per $1,000 principal amount of Notes converted equal to the Conversion Rate multiplied by the Merger Consideration Unit.
The number of shares of LifePoint Common Stock issuable as part of a Province Consideration Unit is subject to adjustment in certain events described in the Indenture.
In addition, each Seller acknowledges and agrees that each certificate representing any Consideration Unit or other security issued by Buyer in respect of any such Consideration Unit shall bear the following restrictive legend: THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
The price at which Province Consideration Units shall be delivered upon conversion (the “Conversion Price”) shall be equal to $27.70 per Province Consideration Unit.
For avoidance of doubt, adjustments and other payments pursuant to this Section 3.4 shall not constitute adjustments of the Cash Consideration, Unit Consideration or GP Consideration.
The Purchaser proposes to acquire all of the issued and outstanding common shares of the Company by way of an Arrangement, in accordance with the Plan of Arrangement under Section 193 of the ABCA, in exchange for the Consideration for each Company Share, being $19.80 in cash and 0.295 of a Consideration Unit per Company Share subject to the elections, maximum amounts and pro rationing set forth in the Plan of Arrangement.