Distributable Amount Value definition
Distributable Amount Value means, as of the date of determination, with respect to any share of common stock of PublicCo, the volume-weighted average trading price of a share of common stock of PublicCo on the New York Stock Exchange over the 30-trading day period ending on and including the trading day immediately preceding such date of determination.
Examples of Distributable Amount Value in a sentence
For purposes of this Agreement, the value of each share of common stock of PublicCo distributed hereunder shall be deemed to be equal to the Distributable Amount Value.
Assuming that the Distributable Amount Value (as defined in the Holdings LLC Agreement) of Company Common Stock is $40 per share or less on the applicable determination date, the maximum number of shares of Company Common Stock that would be distributed as required by Section 4.3 of the Holdings LLC Agreement to members of Holdings LLC (who are not Company Stockholders or Named Executive Officers (or any of their respective family members or spouses) or any Affiliate of the foregoing) is 2,400,000.