Tendered Amount definition
Examples of Tendered Amount in a sentence
The Corporation and Employee hereby agree to exchange at the Closing one Exchanged Security for each $1.00 of Tendered Amount.
To effect this Exchange, Executive will deliver to the Corporation this executed Agreement, and the Corporation will deliver to Executive a stock certificate representing the number of shares of Exchanged Securities that is equal to the Tendered Amount being so transferred by Executive to the Corporation within [20] business days after the Closing Date.
Tendered Amount means the total tender amount indicated in the letter of acceptance of the tender.
The Corporation and Executive hereby agree to exchange at the Closing one Exchanged Security for each $1.00 of Tendered Amount.
To effect this Exchange, Employee will deliver to the Corporation this executed Agreement, and the Corporation will deliver to Employee a stock certificate representing the number of shares of Exchanged Securities that is equal to the Tendered Amount being so transferred by Employee to the Corporation within [20] business days after the Closing Date.
In the event that the Tendered Amount is less than the Maximum Tender Amount, an amount in cash equal to the difference between the Maximum Tender Amount and the Tendered Amount will be deemed to be “Declined Amounts.” Any Declined Amounts may be retained by the Company and used for any purpose not otherwise prohibited by this Indenture, including the making of Restricted Payments, at any time or from time to time, in reliance on Section 4.04(b)(14) to the extent otherwise permitted under this Indenture.