Examples of Adjusted Market Value in a sentence
If any fraction of a Warrant Share would, except for the provisions of this Section 3.6, be issuable on the exercise of any Warrant (or specified portion thereof), the Company shall pay an amount in cash equal to the sum of (i) the Adjusted Market Value for one Warrant Share and (ii) $1.00, multiplied by such fraction, rounded upwards or downwards, as the case may be, to the nearest whole cent.
Accordingly, pursuant to Section 4.2(b), if the Adjusted Litigation Recovery were $500 million and the Adjusted Market Value of one share of Surviving Company common stock were $15, then one Warrant would be exercisable for 0.1943 of a share of Class A Common Stock and $2.915 ($15 multiplied by 0.1943).
No fractional Warrant Shares will be issued upon the exercise of the Warrants, but the Company shall pay an amount in cash equal to the Adjusted Market Value for one Warrant Share on the Determination Date, multiplied by such fraction, computed to the nearest whole cent.
State Street is authorized to designate Collateral as Memo Pledged Collateral daily such that for all Funds other than Midas Magic and Midas Fund, the aggregate Adjusted Market Value of the Memo Pledged Collateral is equal to Obligations relating to Funding Loans and with respect to Midas Fund and Midas Magic, the aggregate Adjusted Market Value of the Memo Pledged Collateral is equal to the Aggregate Draw-down Amounts for such Fund.
Each Warrant ---------------------------------------- shall, upon exercise thereof as provided herein, initially entitle the registered Holder thereof to purchase the number of shares of Common Stock having an Adjusted Market Value equal to the Adjusted Litigation Recovery divided by 85,759,465 at an exercise price per Warrant equal to the number of shares of Common Stock for which the Warrant is exercisable multiplied by $1.00 (the "Exercise Price").