Scale Back definition
Scale Back means a reduction in the size of any Sale Tranche as a result of the operation of clause 3.9;
Scale Back means the Company’s right to scale back or decrease the number of Shares allotted to individual Shareholders under the SPP;
Scale Back means a reduction in the number of Shares to be bought back from each Shareholder below the number of Shares for which they have accepted the Buy-Back Offer, to avoid the Buy-Back Cap being exceeded, detailed in Section 2.3.3.
Examples of Scale Back in a sentence
The Parties acknowledge that the provisions of this clause 3.14 can only operate, and the calculations required by it can only be made, following determination of the quantum and pricing of any Sale Tranche (a) as adjusted in accordance with any Scale Back, and (b) following the operation of clause 3.13.
Without limiting the foregoing, in all cases, both prior to and following the satisfaction of the Allocation Basis Change Condition, the GSK Shareholder Group and the Pfizer Shareholder Group shall cooperate in good faith and coordinate with the applicable Financial Intermediaries to determine any applicable Scale Back and the corresponding allocation of Shares in accordance with this Agreement in advance of any such Sales.
More Definitions of Scale Back
Scale Back means a reduction in the size of any Sale Tranche as a result of the operation of clause 3.9; “Separation Transaction” means: