Drag Along Minimum Price definition
Drag Along Minimum Price means the per Share price necessary to ensure that an Investor Shareholder receives an annualized rate of return on such Investor Shareholder’s common shareholders’ equity of nine percent (9%) at the date of determination, taking into account the price paid for the Shares Beneficially Owned by such Investor Shareholder, any 3 Additional Capital Contributions made by such Investor Shareholder (as adjusted for any Shares previously sold by such Investor Shareholder) and any dividends or other returns of capital received by such Investor Shareholder.
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Drag Along Minimum Price means the per Share price necessary to ensure that an Investor Shareholder receives an annualized rate of return on such Investor Shareholder’s common shareholders’ equity of nine percent (9%) at the date of determination, taking into account the price paid for the Shares Beneficially Owned by such Investor Shareholder, any Additional Capital Contributions made by such Investor Shareholder (as adjusted for any Shares previously sold by such Investor Shareholder) and any dividends or other returns of capital received by such Investor Shareholder; provided that in no event shall the Drag Along Minimum Price applicable to any Shares Beneficially Owned by a Qualifying Transferee be greater than the Drag Along Minimum Price that would have been applicable to Buyer with respect to such Shares assuming Buyer still owned such Shares.
More Definitions of Drag Along Minimum Price
Drag Along Minimum Price means, with respect to the Shares of the Company, a price which is (i) not lower than 80% of the Fair Market Value of such Shares, if such Shares are publicly traded on a stock exchange market, or (ii) equal to 100% of the Fair Market Value of such Shares, if such Shares are not publicly traded on a stock exchange market.