Peg Date definition
Examples of Peg Date in a sentence
However, if a change in facts or circumstances occurred during the Change Period which would have warranted a change in the book value of such item of machinery and equipment that would not have been equally appropriate as of the Peg Date, then the book value of such item would be changed on the Preliminary and Final Closing Balance Sheets.
During the period from the Peg Date or five days after the first date on which the Market Price of the common stock is at or above $5.00 a share, whichever is applicable, until the Closing Date, neither Parent or Merger Sub shall take any action to convert any of its debt to equity in Parent or Merger Sub.
The physical inventory quantities will be priced utilizing the same standard costs which were used in the determination of the inventory amount reflected in the Peg Balance Sheet and in the case of items which were not on hand as of the Peg Date in accordance with the normal procedures of the Company.
The physical inventory quantities will be priced utilizing the same valuation methodologies which were used in the determination of the inventory amount reflected in the Peg Balance Sheet and in the case of items which were not on hand as of the Peg Date in accordance with the normal procedures of the Albany Business.
The Preliminary Closing Balance Sheet and the final balance sheet determined in accordance with paragraphs (b), (c), (d) and (e) of this Section 1.3 (the "Final Closing Balance Sheet") shall be prepared in accordance with principles, practices and procedures that are the same as those which resulted in the asset and liability values reflected in the balance sheet effective as of October 2, 1999 (the "Peg Date"), which is attached hereto as Schedule 1.3 (the "Peg Balance Sheet").
In the event that the Merger Shares (as defined in Section 2.1) shall not attain an aggregate Market Price of Fifteen Million Dollars ($15,000,000), on or prior to March 1, 2005 (the "Peg Date"), then on the Peg Date and for a period of ten (10) days thereafter (the "Option Election Period"), Parent shall have the right to exercise the Parent Option by delivering written notice (the "Option Notice") to TCD and the Shareholders stating that it is exercising the Parent Option.