Pro Forma Market Value definition
Pro Forma Market Value means the Independent Appraiser’s evaluation of the consolidated, pro forma market value of the Holding Company upon conversion, as discounted to attract full subscription for the Subscription Shares, as indicated by the Independent Appraiser.
Pro Forma Market Value means the Independent Appraiser's evaluation of the estimated, consolidated, pro forma market value of AP Capital upon conversion.
Pro Forma Market Value means the Market Value of the Corporation as of immediately before the Closing (and not giving effect to the transactions to occur at Closing), adjusted for the following: