Examples of Buyer Share Price in a sentence
Seller and Buyer agree that a number of Buyer Shares valued at $200,000 (based on the Closing Buyer Share Price) (the “Holdback Amount”) shall be retained by Buyer and Buyer Parent until the date that is six (6) months following the Closing (the “Holdback Release Date”).
Seller and Buyer agree that (i) a number of Buyer Shares valued at $650,000 (based on the Closing Buyer Share Price) (the “Share Consideration Holdback” or the “Holdback Amount”) shall be retained by Buyer and Buyer Parent until the date that is twelve (12) months following the Closing (the “Holdback Release Date”).
The Company shall, immediately prior to the Effective Time, cause the conversion of all Principal Stockholder Loans, including all principal and accrued interest payable thereunder, into the number of Common Shares equal to the principal and accrued interest payable under such Principal Stockholder Loans divided by the product of (i) the Common Conversion Ratio and (ii) the Buyer Share Price.
As used herein, the "Buyer Share Price" shall mean the average (rounded to the nearest $.01) of the closing prices of Buyer Common Stock on the ten (10) trading days immediately prior to the fourth (4th) calendar day preceding the Closing Date that shares of Buyer Common Stock are traded on the Nasdaq National Market ("Nasdaq").
The Buyer Share Price shall be properly calculated in accordance with the terms of this Agreement.