Exchange Ratio definition

Exchange Ratio shall have the meaning set forth in Section 24(a) hereof.

Exchange Ratio shall have the meaning set forth in Section 3.1(c).

Exchange Ratio has the meaning set forth in Section 2.01(c).

Examples of Exchange Ratio in a sentence

• THE EXCHANGE RATIO The per Share price premium which ADT Shareholders will receive in the Offer, and the dividend which ADT Shareholders will receive as holders of Western Resources Common Stock, will depend on the Exchange Ratio at the time of consummation of the Offer.

• Based on an Exchange Ratio of .48980, Western Resources' 1996 dividend of $2.06 per share of Western Resources Common Stock equates to an equivalent dividend to ADT Shareholders of $1.01 per share, representing a dividend yield of 6.7%.

• Such Exchange Ratio will be determined based on the Western Resources Average Price; provided, that the Exchange Ratio will not be more than 0.50420 shares of Western Resources Common Stock per Share.

• The amount of cash provided in the Offer will be $7.50 net per Share, regardless of the level of the Exchange Ratio.

• Based on such Exchange Ratio, Western Resources' 1997 annual indicated dividend of $2.10 per share of Western Resources Common Stock equates to an equivalent annual indicated dividend to ADT Shareholders of $1.03 per Share, representing a dividend yield of 6.9%.

More Definitions of Exchange Ratio

Exchange Ratio. As to any Certificate being surrendered for exchange and each Certificate delivered in exchange for such surrendered Certificate, a fraction the numerator of which is equal to the Initial Authorized Denomination of the Class of which such surrendered Certificate forms a part and the denominator of which is equal to the Initial Authorized Denomination of the Class of which the replacement Certificate forms a part.

Exchange Ratio has the meaning set forth in Section 3.02.

Exchange Ratio has the meaning set forth in Section 3.01(a).

Exchange Ratio shall have the meaning ascribed thereto in Section 1.5(b)(ii).

Exchange Ratio has the meaning set forth in Section 24.1.

Exchange Ratio shall have the meaning as set forth in Section 3.1(a) of the Agreement.

Exchange Ratio shall have the meaning set forth in Section 2.3 hereof.