Preferred Share Amount definition
Examples of Preferred Share Amount in a sentence
The Per Common Share Amount and the Per Preferred Share Amount shall be net to the seller in cash, upon the terms and subject to the conditions of the Offer.
In the Offer, each Preferred Share accepted by Holdco in accordance with the terms of the Offer shall be exchanged for the right to receive the Per Preferred Share Amount.
The Company hereby grants to ------------------------------- Purchaser an irrevocable option (the "Preferred Share Option") to purchase for a price of $10.00 per share (the "Per Preferred Share Price") in cash a number of Company Preferred Shares (the "Optioned Preferred Shares") equal to the Applicable Preferred Share Amount.
The "Applicable Preferred Share Amount" shall be the number of Company Preferred Shares which, when added to the number of Company Preferred Shares owned by Purchaser and Sub immediately prior to the exercise of the Preferred Share Option, would result in Purchaser owning immediately after its exercise of the Preferred Share Option 90% of the then outstanding Company Preferred Shares.
Holdco expressly reserves the right to increase the Per Share Amount or the Per Preferred Share Amount and to waive any condition of the Offer, except the Minimum Condition.
The Cash Consideration and the Per Preferred Share Amount shall be paid net to the seller in cash, less any required withholding of taxes, upon the terms and subject to the conditions of the Offer.
On the Closing Date the Buyer shall segregate (and, in the case of the Company Options, cause the Surviving Corporation to segregate) into a separate account monies in an amount equal to the Preliminary Purchase Price and the Preferred Share Amount and shall hold the same for the holders of the Company Shares and the Company Options under this Agreement.
The "Applicable Fraction" is equal to the quotient obtained by dividing (A) the quotient obtained by dividing (x) the product of 1.5 multiplied by the Net Cash by (y) the Company Preferred Share Amount by (B) the Designated Parent Stock Price.
For so long as the Fortress Investor Group owns a number of Preferred Shares equal to or greater than 50% of the Initial Preferred Share Amount, such determination shall be made by the Fortress Investor; thereafter, any such election shall be made by the Majority Holders.
If, between the date of this Agreement and the Effective Time, the outstanding Parent Shares shall have been changed into or exchanged for a different number of shares or kind of shares of Parent or another corporation or entity by reason of any reclassification, split-up, stock dividend or stock combination or any arrangement, amalgamation or similar statutory procedure (an "ADJUSTMENT EVENT"), then the Closing Preferred Share Amount and the Closing Common Share Amount shall be appropriately adjusted.