Agreed Stock Value definition
Examples of Agreed Stock Value in a sentence
Within ten (10) days after a final determination has been made pursuant to Section 7.3 or Section 7.4 that Buyer is entitled to indemnification for a Loss, Buyer will send a notice to Seller that it is reducing the number of Indemnity Shares issuable under Section 2.4(b) by a number of shares determined by dividing the amount of such Loss by the Agreed Stock Value, rounded up to the nearest whole share.
The compensation (the "▇▇▇▇▇▇▇ Agreed Value") shall be delivered in exchange (the "Share Exchange") for an amount of shares (the "Exchange Shares") of the Common Stock of NGH that is equal to the quotient of the ▇▇▇▇▇▇▇ Agreed Value divided by the Agreed Stock Value (as defined herein).
The Initial Consideration shall consist of the issuance to HIP (or the members of HIP as designated by HIP) on the Closing Date of that number of shares of Purchaser Common Stock equal to $27,000,000.00 divided by the Agreed Stock Value of the Purchaser Common Stock or, in the sole discretion of the Purchaser, cash delivered by wire transfer of immediately available funds to a bank account designated by HIP no later than 48 hours prior to the scheduled Closing Date.
If such Persons are unable to reach agreement as to the Reserved Amount by the Final Release Date, then the Reserved Amount with respect to such Claims Notice shall be the amount in good faith specified by the Buyer Indemnified Party in the Claims Notice based on the Buyer Indemnified Party’s reasonable judgment (but in all cases valuing each ▇▇▇▇▇▇▇ Share at the Agreed Stock Value).
If any Losses indemnifiable by the Shareholders pursuant to Section 8.02 exceed the then-current balance of the Escrow Fund (valued at the Agreed Stock Value for each ▇▇▇▇▇▇▇ Share held therein), then such excess shall be payable by each Shareholder, severally, and not jointly, in proportion to their Pro-Rata Share, up to the Cap or the Merger Consideration Cap, as applicable, and pursuant to the Indemnity Agreement.
Under no circumstances will the aggregate amount of all Losses for which Sellers would be liable pursuant to Section 8.2, in the aggregate exceed the aggregate Agreed Stock Value of the Merger Consideration as of the date hereof.
For purposes of this Agreement, the Agreed Stock Value shall mean US$3.00 per share.The Exchange Shares is hence calculated at 2'250'000 shares.
Buyer and the Shareholder Representatives agree that such Joint Release Notices shall instruct the Escrow Agent to disburse to ▇▇▇▇▇▇▇ the excess of the then-current balance in the Escrow Fund (valued at the Agreed Stock Value for each ▇▇▇▇▇▇▇ Share held therein) over the aggregate Reserved Amounts in respect of all remaining unresolved Buyer Indemnification Claims made prior to the Final Release Date.
Subject to the limitations set forth in Section 8.4, to the extent indemnifiable Losses of any Buyer Indemnified Party are to be paid by Sellers, such payment may be paid by Sellers, at the Sellers’ sole discretion, by any combination of (i) the release of the Escrow Stock (valued at the Agreed Stock Value) to Buyer, (ii) the transfer of Buyer Preferred Stock to Buyer, and/or (ii) by wire transfer of immediately available funds in accordance with wire instructions provided in writing by Buyer.
If such Persons are unable to reach agreement as to the Reserved Amount by the Final Release Date (as defined below), then the Reserved Amount with respect to such Claims Notice shall be the amount in good faith specified by Buyer in the Claims Notice based on Buyer’s reasonable judgment (but in all cases valuing each ▇▇▇▇▇▇▇ Share at the Agreed Stock Value).