Purchase Price of Shares. Except as provided in subparagraph ------------------------ 2.5(b) below, the purchase price of each Share shall be equal to (i) seven times earnings before interest, taxes, depreciation and amortization for the twelve month period ended as of the quarter ending immediately prior to the "event of purchase" (as defined in subparagraph 2.5(a) below), less funded debt existing at such quarter end, divided by (ii) the total number of shares outstanding on that date. The purchase price shall be determined by the Corporation and shall be adjusted for any stock splits, recapitalizations or stock dividends occurring after the date as of which the purchase price is determined and before the Closing of the purchase and sale.
Appears in 10 contracts
Samples: Diamond Brands Incorporated (Diamond Brands Operating Corp), Diamond Brands Incorporated (Diamond Brands Inc), Diamond Brands Incorporated (Diamond Brands Operating Corp)
