Implied Market Value definition
Implied Market Value means, as of the Deemed Notice Date, the value per CIESA Share that is equal to (a)(i)(A) the total market value of all CIESA’s TGS Shares, as determined by reference to the average closing price of TGS B Shares as recorded at the close of business on the Buenos Aires Stock Exchange on the ten (10) trading days immediately prior to the deemed date of the deemed Transfer Notice (as deemed given pursuant to Section 2.1(e)), multiplied by (B) the percentage that CIESA’s TGS Shares represent of all outstanding TGS Capital Stock; minus (ii) CIESA’s outstanding Indebtedness; divided by (b) the total number of outstanding CIESA Shares.
Implied Market Value has the meaning identified on Schedule 1 attached hereto.
Implied Market Value means, as of the Deemed Notice Date, the value per the Company´s Share that is equal to (a)(i)(A) the total market value of all the Company’s TGS shares, as determined by reference to the average closing price of TGS B Shares as recorded at the close of business on the Buenos Aires Stock Exchange on the ten (10) trading days immediately prior to the deemed date of the deemed Transfer Notice (as deemed given pursuant to
Examples of Implied Market Value in a sentence
Assume, further, that the Implied Market Value on the PSE Date is determined to be $75 billion and that none of the Class PI Units subject to the Market Cap Tranches have yet become Eligible Class PI Units.
More Definitions of Implied Market Value
Implied Market Value means, as of the PSE Date with respect to any Preferred Shareholder Event, the product of (i) the quotient equal to (a) the total amount of any cash plus the value of any Marketable Securities that are paid for the Preferred Shares sold in such Preferred Shareholder Event, divided by (b) the total number of Preferred Shares sold in such Preferred Shareholder Event, multiplied by (ii) the sum, without double counting, of (a) the shares of Company common stock then-outstanding, (b) Preferred Shares or any other “in-the-money” (based on the price implied by clause (i)) equity or debt securities then-convertible into shares of Company common stock that are then-outstanding (in each case, counted on the “treasury” method basis, as applicable), (c) any “in-the-money” (based on the price implied by clause (i)) common share equivalents then-outstanding counted on the “treasury” method basis, as applicable (including with respect to Partnership Units not held, directly or indirectly, by the Company), and (d) any shares of Company common stock issuable assuming (x) the Conversion of any Profits Interests into Partnership Class B Common Units and (y) the Redemption of all Partnership Class B Common Units (after giving effect to the foregoing clause (x)) in exchange for Class B Shares; provided that for purposes of this definition, any Non-eligible Class PI Unit shall not be treated as outstanding or otherwise taken into account.