Examples of Merger Payment in a sentence
The "Merger Adjustment Percentage" shall equal the product of the Merger Payment Percentage multiplied by a fraction the numerator of which shall be the number of days remaining until the seventh (7th) anniversary of the Issue Date and the denominator of which shall be two thousand five hundred and twenty (2,520); provided that the Merger Adjustment Percentage shall not be less than zero percent (0%).
Following termination of this Agreement pursuant to clause (B) of Section 7.02 as a result of any Reorganization Event, the Calculation Agent shall determine the Merger Payment.
As promptly as reasonably practicable after calculation of the Merger Payment, the Calculation Agent shall deliver to Buyer and Seller a notice (the "Merger Payment Amount Notice") specifying the Merger Payment.
This gain or loss will be equal to the difference, if any, between (i) the Merger Payment received by the Non-Continuing Shareholder and (ii) such Non-Continuing Shareholder's adjusted tax basis in such Shareholder's shares of Common Stock immediately prior to consummation of the Merger.
The current market price of the Common Stock and purchase prices paid for shares of Common Stock by controlling persons of the Company support the fairness of the Merger, particularly the Merger Payment.
All indemnification payments made under this Agreement shall be treated by the Parties as an adjustment first to the Merger Payment and second to the Merger Shares for the Company’s assets for Tax purposes, unless otherwise required by applicable Law.
We have adapted to all that has been asked, the constantly changing re- quirements of infection control mea- sures and PPE, changes to shift patterns, changing roles, additional hours, additional responsibilities and more.
The Board, in reaching its conclusion, considered the fact that Bannon (which is an independent entity whose principals have substantial experience in making fairness determinations of the type delivered to the Board) concluded that the Merger Payment was fair to the Non-Continuing Shareholders as of October 2, 1995, which supports the Board's view that the Merger is fair to the Shareholders.
In order to fulfill this obligation, the Board not only reviewed the history of the Company's performance and inability to obtain financing and attract investors as a public company, but also obtained an opinion from an independent third party as to the fairness of the Merger Payment.
If a Change of Control Transaction with respect to the Company occurs after the Closing Date but on or prior to the Deferred Payment Date, then the resulting Deferred Merger Payment shall be made within ten (10) Business Days after the closing of any such Change of Control Transaction.