Exchange Ratio Adjustment. Subject to the satisfaction of Section 2.11.1 or 2.11.2, the Exchange Ratio shall be decreased to a quotient determined by dividing the Adjusted Stock Purchase Price by the total number of shares of the Company Common Stock outstanding at the Effective Time, and further dividing that number by the Average Purchaser Closing Price.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (United Bancorp Inc /Mi/), Agreement and Plan of Merger (Old National Bancorp /In/)
Exchange Ratio Adjustment. Subject to the satisfaction of Section 2.11.1 or Section 2.11.2, the Exchange Ratio shall be decreased to a an amount determined by multiplying (a) the quotient determined by dividing the Adjusted Stock Purchase Price Value by the total number of shares of the Company Common Stock outstanding at the Effective TimePurchase Value, and further dividing that number by (b) the Average Purchaser Closing PriceExchange Ratio.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Monarch Community Bancorp Inc)
Exchange Ratio Adjustment. Subject to the satisfaction of Section 2.11.1 or 2.11.22.14.1, the Exchange Ratio shall be decreased to a an amount determined by multiplying (a) the quotient determined by dividing the Adjusted Stock Purchase Price Value by the total number of shares of the Company Common Stock outstanding at the Effective TimePurchase Value, and further dividing that number by (b) the Average Purchaser Closing PriceExchange Ratio.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Independent Bank Corp /Mi/)
Exchange Ratio Adjustment. Subject to the satisfaction of Section 2.11.1 or 2.11.22.11.1, the Exchange Ratio shall be decreased to a quotient determined by dividing the Adjusted Stock Purchase Price by the total number of shares of the Company Common Stock outstanding at the Effective Time, and further dividing that number by the Average Final Purchaser Closing Price.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Old National Bancorp /In/)
