Examples of Buyer Common Share in a sentence
The Parties agree that for U.S. federal income tax purposes Buyer’s purchase of the Purchased Interests shall be characterized as an exchange qualifying under Section 351 of the Code in which Seller contributed the Purchased Interests to Buyer in exchange for (a) the Buyer Common Share Consideration and (b) the Closing Cash Payment unless such characterization is contrary to applicable U.S. federal income tax Law.
At the Closing, Buyer agrees to (a) pay to Seller the Closing Cash Payment and (b) issue to Seller (or an Affiliate of Seller designated by Seller prior to the Closing) the Buyer Common Share Consideration.
In any event where Buyer would be obligated to issue such shares to a Non-Qualifying Holder under this Agreement, Buyer shall have the option to pay such amounts in cash of equal value (based on the Buyer Common Share Price).
Any fraction of a Buyer Common Share shall be rounded up or down, as applicable in accordance with general arithmetic conventions, to the nearest whole number, as the case may be.
The exercise price per Buyer Common Share shall equal the aggregate exercise price of such warrant divided by the number of Buyer Common Shares subject to such Preferred Warrants.
No fractional Buyer Common Shares will be issued ----------------- in connection with the Merger, but in lieu thereof, the holder of any EnzyMed Shares who would otherwise be entitled to receive a fraction of a Buyer Common Share (after aggregating all Buyer Common Shares being issued to such holder in the Merger) shall receive from Buyer promptly after the Effective Time, an amount of cash equal to such fraction multiplied by the Buyer Average Price Per Share.
Each Buyer Common Share issued and outstanding at and as of the Effective Time shall remain issued and outstanding.
The purchase price (the "PURCHASE PRICE") for the Shares will be $175,625,000.00 reduced or increased by the Adjustment Amount as set forth in Sections 2.6 and 2.7, payable $170,753,269.00 in cash and delivery of that number of Buyer Restricted Shares equal to (i) $4,871,731.00, divided by (ii) the Buyer Common Share Price, to or at the direction of the Sellers, all as hereinafter provided.
The Share Ratio is determined using the average of the closing prices for the 20 trading days prior to the fifth trading day prior to the Closing Date (the "Buyer Common Share Price").
No fractional Buyer Common Shares will be issued in connection with the Merger, but in lieu thereof, the holder of any Eventus Shares who would otherwise be entitled to receive a fraction of a Buyer Common Share will receive from Buyer promptly after the Effective Time, an amount of cash equal to such fraction multiplied by the per share market value of a Buyer Common Share which for purposes of this Agreement shall be $20.00.