NSI Share Value definition
NSI Share Value means the product of: - the number of shares of NSI Common Stock to be exchanged - divided by the total number of shares of the NSI Common Stock issued and outstanding - multiplied by the Subsidiary's Adjusted EBITDA - multiplied by 5. For purposes of this section, the Subsidiary's Adjusted EBITDA shall be the higher of (i) the Subsidiary's Adjusted EBITDA for the 12-month period prior to the exchange or (ii) the average of the two 12-month periods prior to the exchange.
NSI Share Value shall have the meaning set forth in Section 3.15(b)(ii).
Examples of NSI Share Value in a sentence
If AmerAlia offers to buy the shares within 90 days of conversion, AmerAlia shall offer to purchase such shares at the greater of (i) the NSI Share Value multiplied by the number of shares of NSI Common Stock held by Sentient or (ii) the Minimum Price.