Company Debt. with respect to the amount of Company Debt to be sold by each shareholder (whether the Transferring Seller or the Tag-Along Party, as the case may be), the amount of Company Debt equal to the product of (1) the total amount of outstanding Company Debt that the Third-Party Offeror proposes to purchase and (2) a fraction (x) the numerator of which is equal to the principal amount of outstanding Company Debt held by and accrued and unpaid interest owed to such shareholder and (y) the denominator of which is equal to the principal amount of outstanding Company Debt held by and accrued and unpaid interest owed collectively to the Transferring Seller and the Tag-Along Party.
Appears in 5 contracts
Samples: Shareholders Agreement (Pinnacle Entertainment Inc.), Shareholders Agreement (Pinnacle Entertainment Inc.), Shareholders Agreement (Pinnacle Entertainment Inc.)
