Reference Market Value definition
Examples of Reference Market Value in a sentence
Such warrant shall be for the right to purchase 75,000 shares of Buyer's common stock at a warrant exercise price per share of the Reference Market Value.
No certificates or scrip representing fractional shares of Common Stock shall be issued as part of the Closing Consideration or any Milestone Payments, but an amount in cash equal to the aggregate Reference Market Value of such fractional shares shall instead be paid by Buyer to Seller on the date that such Closing Consideration or Milestone Payments are otherwise paid to Seller.
However, instead, an amount in cash equal to the value of all such fractional shares, based on the Reference Market Value on the Closing Date, shall be deposited by Parent with the Stockholder Representative Committee as additional Committee Reimbursement Amount.
In the event the First Milestone Payment becomes due and Biota elects to make the First Milestone Payment by issuing shares of Biota Common Stock up to the Share Cap, then Biota undertakes pay to the Paying Agent in addition to the First Milestone Shares an amount in cash equal to the difference between the amount of the First Milestone Payment and the Reference Market Value for the First Milestone Shares being issued.
Notwithstanding anything to the contrary herein, no certificates or scrip representing fractional shares of Biota Common Stock shall be issued pursuant to this Agreement, but an amount in cash equal to the aggregate Closing Shares Price or Reference Market Value, as applicable, of all such fractional shares shall instead be deposited with the Holder Representative by Biota and shall be an addition to the Holder Representative’s Fund if there is one.
The Purchaser shall make the Initial Payment, the First Contingent Payment and the Third Contingent Payment by issuing to the Company that number of shares of Purchaser Common Stock equal to the quotient obtained by dividing (i) the amount of the respective payment by (ii) either the Reference Market Value on the date of the Option Exercise Notice, in the case of the Initial Payment, or the Reference Market Value on the date that the milestone is achieved, in the case of the Contingent Payments.
In the event of any adjustment in the Reference Market Value of the Escrowed Shares, the Parent shall notify the Escrow Agent in writing of such adjustment, and in the absence of the receipt of such notice, as the case may be, the Escrow Agent shall be entitled to assume the Reference Market Value is $3.54.
If the First Milestone Payment becomes due and Biota elects to make any portion of the First Milestone Payment by issuing shares of Biota Common Stock, each First Milestone Share issued by Biota will be deemed to have a value equal to the Reference Market Value with respect to the date on which the First Milestone is achieved.
For all purposes of this Agreement ------------------------ (including, without limitation, the provisions of Section 5.1 above), the value of each of the Escrowed Shares shall be deemed to be the Reference Market Value.
If any Milestone Payment becomes due, if Purchaser elects to make any portion of a Milestone Payment by issuing uniQure Ordinary Shares, each Milestone Share issued by Purchaser will be deemed to have a value equal to the Euro equivalent of the Reference Market Value with respect to the date on which the relevant Milestone payment is made.