Default Redemption Number definition

Default Redemption Number shall be equal to the product of (1) the quotient of (A) the Defaulted Number divided by (B) the Holder's Number multiplied by (2) 50% multiplied by (3) the number of Purchased Shares held by such Default Holder.

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Examples of Default Redemption Number in a sentence

• The "Default Redemption Number" shall be equal to the product of (1) the quotient of (A) the Defaulted Number divided by (B) the Holder's Number multiplied by (2) 50% multiplied by (3) the number of Purchased Shares held by such Default Holder.