Examples of Adjusted Parent Option in a sentence
Parent shall issue each Adjusted Parent Option to each holder of an Acuity Option upon surrender thereof or, in case such Acuity Option shall be lost, stolen or destroyed, upon receipt of an affidavit of that fact by the holder thereof and, if required by Parent, the written agreement by such Person to indemnify Parent and Surviving Company II against any claim that may be made against it with respect to such Acuity Option.
City hereby acknowledges that City has approved Lessee’s purchase, installation and operation of one mobile classroom trailer unit with the dimensions and specifications as shown in Exhibit F attached hereto (“Mobile Classroom”) to be placed at the northernmost end of the parking lot in the location generally depicted in the photographs attached as part of Exhibit A.
Each Adjusted Parent Option shall be exercisable for a number of shares of Parent Common Stock equal to (i) the number of shares of Acuity Common Stock subject to the Acuity Option to which such Adjusted Parent Option relates multiplied by (ii) the Acuity Common Exchange Ratio, rounded down to the nearest whole number of shares.