Carrying Value. For the purposes of this Agreement, the “Carrying Value” of any share of Common Stock being purchased by the Company shall be equal to the price paid by the selling Management Stockholder for any such share, less the amount of dividends and other distributions, if any, paid in respect of such share.
Appears in 3 contracts
Samples: Management Subscription Agreement (Lri Holdings, Inc.), Employment Agreement (Lri Holdings, Inc.), Stockholders Agreement (Logan's Roadhouse of Kansas, Inc.)
Carrying Value. For the purposes of this Agreement, the “Carrying Value” of any share of Common Stock being purchased by the Company shall be equal to the price paid by the selling Management Stockholder for any such shareshare less the amount of dividends and other distributions paid in respect of such share after the Closing Date; provided that the price of any shares of Rollover Stock shall be equal to the Closing Date Value, less the amount of dividends and other distributions, if any, distributions paid in respect of such shareshares after the Closing Date.
Appears in 1 contract
Carrying Value. For the purposes of this Agreement, the “Carrying Value” of any share of Common Stock being purchased by the Company shall be equal to the price paid by the selling Management Stockholder for any such share less the amount of dividends and other distributions paid in respect of such share, provided that the price of any shares of Common Stock that were acquired by a Management Stockholder pursuant to the exercise of Exchange Options shall be equal to the Closing Date Value, less the amount of dividends and other distributions, if any, distributions paid in respect of such shareshares.
Appears in 1 contract
Carrying Value. For the purposes of this AgreementSections 3.1 and 6.5, the “"Carrying Value” " of any share of Common Stock being purchased by the Company shall be equal to the price paid by the selling Management Stockholder Shareholder for any all shares sold plus simple interest at a rate per annum equal to 9% which shall be deemed to be the carrying cost, from the date of the Merger through the date of such sharepurchase, less the amount of dividends and other distributions, if any, paid to such Management Shareholder in respect of such shareshare (to the extent that the amount of such dividends does not exceed such interest).
Appears in 1 contract