Swap Ratio definition

Swap Ratio means the ratio of exchange of shares between the transferor companies and the transferee company. The share capital of the transferor companies shall stand cancelled and the shareholders of the cancelled capital will receive shares of the transferee company based on the mutually accepted swap ratio by the transferee company and the transferor companies;
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Swap Ratio shall have the meaning given to it in Clause10.1 below;
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Swap Ratio means, with respect to any Pre-Qual Engineering Wafer, a ratio that will be used to [***] of such Pre-Qual Engineering Wafer to take into account the [***] required to produce such wafer compared to a Conforming Wafer generally, as such ratio is agreed by the Parties from time to time; provided, however, that, if the Parties cannot agree to such ratio for any particular Pre-Qual Engineering Wafer, the ratio for such Pre-Qual Engineering Wafer will be reasonably determined by the Purchaser.
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Examples of Swap Ratio in a sentence

  • The Swap Ratio is set out at Clause 10.1 of the Scheme, which has been arrived at on the basis of a report of an independent expert.

  • If, as a result of applying the Share Swap Ratio, a PGNiG Shareholder is entitled to a fraction of a Merger Share, such PGNiG Shareholder will be entitled to a cash payout referred to in Article 492(2) CCC (“Payout”).

  • Swap Ratio: Enterprise value of the Investor being 14 (fourteen) times Financial Year 2021 EBIDTA of the Investor, and the enterprise value of the Company being 11 times Financial Year 2021 EBIDTA, as audited and due diligenced by the Investor.

  • The amount of PKN ORLEN’s share capital increase in connection with the Merger has been established as a result of applying the Share Swap Ratio in compliance with the rules laid down in item 5.1 of the Merger Plan to all the shares in the Target Company.

  • The Swap Ratio and the valuation proposed as above, will be valid if the Swap Option is completed on or before 31st March 2022, post which, the Parties will mutually agree on the Swap Ratio and valuation thereof will be based on EBIDTA trailing 12 (twelve) months immediately before such option is exercised.

  • The consideration for the subscription to the Subscription Shares shall be the transfer of the Sale Securities by Sellers to the Acquirer as described in Clause 2.1 determined based on the Swap Ratio, as more fully detailed in Clause 4 read with SCHEDULE 7.


More Definitions of Swap Ratio

Swap Ratio has the meaning ascribed to the term in Clause 4.2.1 of this Agreement.
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