Examples of Calculation Period in a sentence
In no event shall Shareholder become entitled to retain, by reason of the operation of this Section 3.10(h), (x) a number of Purchaser Shares in excess of the Additional Earnout Shares or (y) any Additional Earnout Shares if the Measured Performance Level for the first Calculation Period does not exceed A$12,000,000.
With respect to such Calculation Period, the Shareholder shall forfeit a number of Additional Earnout Shares equal to 800,000 minus the number of retained Additional Earnout Shares for such Calculation Period; any forfeited Additional Earnout Shares shall be returned to the Purchaser, cancelled, and returned to the status of authorized but unissued shares.
With respect to each Calculation Period, the Shareholder shall forfeit a number of Earnout Shares equal to 900,000 minus the number of retained Earnout Shares for such Calculation Period; any forfeited Earnout Shares shall be returned to the Purchaser, cancelled, and returned to the status of authorized but unissued shares.
The Company will not permit the ratio of Consolidated EBITDA for the Calculation Period to Consolidated Fixed Charges of the Company, the Guarantors and their respective Subsidiaries for such period to be less than 1.50 to 1.00.
In no event shall Shareholder become entitled to retain (w) with respect to any Earnout Event, an excess of 900,000 Purchaser Shares, (x) with respect to all Earnout Events, an excess of 2,700,000 Purchaser Shares, or (y) any Earnout Shares for a Calculation Period if the Measured Performance Level for such Calculation Period does not exceed the Earnout Threshold for such Calculation Period.