Contingent Value Right definition

Contingent Value Right means an uncertificated, non-transferrable (unless expressly permitted therein) contractual contingent value right to earn $2.00 per share of Existing Stock held on the Existing Stock Record Date, in the event the holder thereof satisfies the Existing Stock Settlement Conditions, payable on the date that is two years after the Effective Date upon the terms and conditions of the substantially final form of such contractual contingent value right contained in the Plan Supplement.
Sample 1Sample 2Sample 3
Contingent Value Right means, with respect to each Holder of a Modified Security, the contingent value right entitling the holder thereof to, among other rights, the applicable Contingent Value Percentage of Proceeds received by the Company, net of certain deductions, with respect to an Arbitration Award and a Mining Data Sale, as further described in the CVR Certificate.
Sample 1Sample 2Sample 3
Contingent Value Right means one contingent value right per each Share and each Share subject to an applicable Company Option or Company RSU, which shall represent the right to receive one or more Milestone Payments (as such term is used in the Contingent Value Right Agreement) pursuant to the Contingent Value Right Agreement and this Agreement.
Sample 1Sample 2Sample 3

Examples of Contingent Value Right in a sentence

  • Celgene shareholders will also receive one tradeable Contingent Value Right (CVR) for each share of Celgene, which will entitle the holder to receive a payment for the achievement of future regulatory milestones.

  • The deferred consideration is represented by the issued Contingent Value Right (CVR) Notes which have a maximum value of € 27 million and consequently recorded a provision for € 27 million has been recorded.

  • If a holder of Existing Stock as of the Existing Stock Record Date satisfies the Existing Stock Settlement Conditions, such holder shall receive, in exchange for the surrender or cancellation of its Interests, discharge of any Subordinated Claims without distribution, and release by such holder of the Released Parties as provided in Section 10.7 of the Plan, its pro rata share of the Existing Stock Cash and a Contingent Value Right on a per share (of Existing Stock) basis.

  • The Existing Stock Settlement enables eligible holders of Existing Stock to receive their pro rata share of $5 million and a Contingent Value Right valued at $2.00 per share of Existing Stock, if the Reorganized Debtors achieve certain performance thresholds.

  • Any purported transfer of a Contingent Value Right to anyone other than a Permitted Transferee shall be null and void ab initio.


More Definitions of Contingent Value Right

Contingent Value Right means the right granted under this Agreement to receive the payments set forth in Section 2.2 hereof, subject to the limitations and conditions provided in this Agreement.
Sample 1Sample 2Sample 3
Contingent Value Right means one non-transferrable contingent value right to be issued by HoldCo pursuant to the CVR
Sample 1Sample 2
Contingent Value Right has the meaning specified in the preamble.
Sample 1Sample 2
Contingent Value Right means one non-transferrable contingent value right to be issued by HoldCo pursuant to the CVR Agreement.
Sample 1Sample 2
Contingent Value Right or “CVR”, and such recipient of a CVR, and any Permitted Transferee thereof, a “CVR Holder”) for each share of Old Common Stock held by such Person on the Effective Date. Each share of Old Common Stock shall be deemed to have been surrendered and cancelled on the Effective Date in accordance with the Plan of Reorganization.
Sample 1Sample 2
Contingent Value Right or “CVR”) which represents the contractual right to the consideration set forth in the Contingent Value Rights Agreement (as defined below), for each $1,000 of aggregate principal amount outstanding of its Notes;
Sample 1Sample 2
Contingent Value Right shall automatically entitle the holder thereof to receive on the first year anniversary of the issuance of the Class C OP Unit that number of OP Units equal to 1 multiplied by a fraction (a) the numerator of which is the difference between (i) $35. 40 (subject to adjustment as provided below under Current Market Price) and (ii) the Current Market Price (as defined below) of a share of common stock of the Company and (b) the denominator of which is the Current Market Price of a share of common stock of the Company. For example, if the Current Market Price per share of common stock of the Company were either $25, $35 or $40, then the number of OP Units to be issued upon exercise of the Contingent Value Right would be calculated as follows, respectively:
Sample 1