Net Exercise Value means the difference on the relevant measurement date between (A) the product of (1) the number of shares of Common Stock into which each Warrant is then exercisable and (2) (x) the cash and/or Other Property per share of Common Stock received in an all-cash/Other Property Subject Transaction (with such Other Property valued at its Market Price), or (y) the Market Price of the equity security consideration per share of Common Stock received in an all-equity security Subject Transaction or (z) if the consideration in the Subject Transaction is a mix of cash, Other Property and equity securities, the aggregate Market Price of the consideration per share of Common Stock, less (B) the Exercise Price of each Warrant.

Net Exercise Value means, as to any Signature Warrant or Signature Option, an amount equal to the Per Share Purchase Price multiplied by the number of shares for which such Signature Warrant or Signature Option is exercisable as of the Closing Date, and reduced by the aggregate exercise price of the unexercised portion of such Signature Warrant or Signature Option.

Net Exercise Value means the positive difference, if any, on any specific date between (1) the product of (A) the number of shares of New Common Stock into which the Warrant is then exercisable and (B) (x) the cash consideration per share of New Common Stock received in an all-cash Subject Transaction, (y) the Market Price of the security consideration per share of New Common Stock received in an all-security Subject Transaction or (z) if the consideration in the Subject Transaction is a mix of cash and securities, the aggregate Market Price of the consideration per share of New Common Stock, less (2) the Exercise Price of the Warrant.

Examples of Net Exercise Value in a sentence

Each Signature Warrant and all rights existing with respect thereto, shall be exchanged for that number of shares of IHS Stock as shall be equal in value to 51% of the Net Exercise Value of such Signature Warrant and an amount of cash equal to 49% of the Net Exercise Value of such Signature Warrant.
Each Signature Option to purchase Signature Common, and all rights existing with respect thereto, shall be exchanged for that number of shares of IHS Stock as shall be equal in value to 51% of the Net Exercise Value of such Signature Option and an amount of cash equal to 49% percent of the Net Exercise Value of such Signature Option.

More Definitions of Net Exercise Value

Net Exercise Value means, for any In-the-Money Stock Options outstanding immediately prior to the Effective Time, (a) the product of (x) the Common Shares issuable upon the exercise of such Stock Option, multiplied by (y) the Closing Per Share Consideration, minus (b) the Aggregate Strike Price with respect to such Stock Option.

Net Exercise Value means, for any Option outstanding immediately prior to the First Effective Time, (a) the Per Share Consideration, minus(b) the per share exercise price with respect to such Option.

Net Exercise Value of a Warrant on any date shall be the positive difference, if any, on such date between the Current Market Price per share of Common Stock and the Exercise Price of the Warrant.

Net Exercise Value of a Warrant on any date is defined in the Warrant Agreement as the positive difference, if any, on such date between the Current Market Price per share of Common Stock and the Exercise Price of the Warrant. The Warrant Agreement provides for payment of the Redemption Price as follows:

Net Exercise Value means, for any Option outstanding immediately prior to the First Effective Time, (a) the Per Share Consideration, minus (b) the per share exercise price with respect to such Option.

Net Exercise Value means (a) the product of (x) the number of shares of Common Stock issuable upon the exercise of an Option, multiplied by (y) the Closing Per Share Price, minus (b) the Aggregate Strike Price with respect to such Option.