Common use of Exchange Value Clause in Contracts

Exchange Value. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than any such shares held in the treasury of the Company, which shall be canceled) shall be converted into the right to receive that number of shares of Parent Common Stock which at the Effective Time results from dividing the Stock Payment by the number of issued and outstanding shares of Company Common Stock (other than treasury shares).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Healthworld Corp)

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Exchange Value. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than any such shares held in the treasury of the Company, which shall be canceledare being canceled as provided in paragraph (c) shall be below) are being converted into the right to receive that number of 613.1550 shares of Parent Common Stock Stock, which at represents the Effective Time results from quotient obtained by dividing the Stock Payment by the number of issued and outstanding shares of Company Common Stock (other than treasury shares)by the Aggregate Parent Common Stock Consideration.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bisys Group Inc)

Exchange Value. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than excluding any such shares held in the treasury of the Company, which shall be canceledcancelled as provided in paragraph (d) below) (such shares being referred to herein as the "Exchange Shares") shall be converted into the right to receive that the number of shares of Parent Common Stock which at (the Effective Time results from "Exchange Value"), determined by dividing the Aggregate Parent Common Stock Payment Consideration by the aggregate number of issued and outstanding shares of Company Common Stock (other than treasury shares)Exchange Shares.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bisys Group Inc)

Exchange Value. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than any such shares held in the treasury of the Company, which shall be canceledare being canceled as provided in paragraph (c) shall be below) are being converted into the right to receive that number of 582.2371 shares of Parent Common Stock Stock, which at represents the Effective Time results from quotient obtained by dividing the Stock Payment by the number of issued and outstanding shares of Company Common Stock (other than treasury shares)by the Aggregate Parent Common Stock Consideration.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bisys Group Inc)

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Exchange Value. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than any such shares held in the treasury of the Company, which shall be canceledare being canceled as provided in paragraph (c) shall be below) are being converted into the right to receive that number of 148.6436 shares of Parent Common Stock Stock, which at represents the Effective Time results from quotient obtained by dividing the Stock Payment by the number of issued and outstanding shares of Company Common Stock (other than treasury shares)by the Aggregate Parent Common Stock Consideration.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bisys Group Inc)

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