By FNH Sample Clauses

By FNH if its Board of Directors so determines by a vote of a majority of the members of its entire Board, at any time during the five-day period commencing with the Determination Date if both of the following conditions are satisfied: (i) the number obtained by dividing the Average Closing Price by the Starting Price (the "Promistar Ratio") shall be less than .875; and (ii) the Promistar Ratio shall be less than the number obtained by dividing the Final Index Price by the Index Price on the Starting Date and subtracting 0.125 from the quotient in this clause (ii) (such number being referred to herein as the "Index Ratio"); subject, however, to the following four sentences. If FNH elects to exercise its termination right pursuant to this Section 2.08(b), it shall give written notice to Promistar (provided that such notice of election to terminate may be withdrawn at any time within the aforementioned five-day period). During the five-day period commencing with its receipt of such notice, Promistar shall have the option to increase the consideration to be received by the holders of FNH Common Stock hereunder, by adjusting the Exchange Ratio (calculated to the nearest one one-thousandth) to equal the lesser of (x) a number (rounded to the nearest thousandth) obtained by dividing (A) the product of the Starting Price, 0.875 and the Exchange Ratio (as then in effect) by (B) the Average Closing Price and (y) a number (rounded to the nearest one one-thousandth) obtained by dividing (A) the product of the Index Ratio and the Exchange Ratio (as then in effect) by (B) the Promistar Ratio. If Promistar so elects within such five-day period, it shall give prompt written notice to FNH of such election and the revised Exchange Ratio, whereupon no termination shall have occurred pursuant to this Section 2.08(b) and this Reorganization Agreement shall remain in effect in accordance with its terms (except as the Exchange Ratio shall have been so modified). If Promistar does not elect to so adjust the Exchange Ratio, this Reorganization Agreement shall terminate at 11:59 p.m., eastern time, on the fifth day after Promistar receives written notice from FNH of its election to terminate. For purposes of this Section 2.08(b), the following terms shall have the meanings indicated:
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