Cash Conversion Number definition

Cash Conversion Number has the meaning set forth in Section 3.2(a)(i).

Cash Conversion Number shall be equal to the product of (i) the number of shares of Company Common Stock outstanding immediately prior to the Effective Time and (ii) 0.4.

Cash Conversion Number shall be an amount equal to the quotient (rounded down to the nearest whole share) of (i)(A) $31,523,245 minus (B) the aggregate cash paid in lieu of fractional shares pursuant to Section 3.14 divided by (ii) the Per Share Cash Amount; provided, however, that the Cash Conversion Number shall be subject to adjustment in accordance with Section 3.15.”

Examples of Cash Conversion Number in a sentence

• If the number of Cash Election Shares (which, for this purpose, shall be deemed to include the Dissenting Shares) is equal to the Target Cash Conversion Number, then subparagraphs (i) and (ii) above shall not apply and all Cash Election Shares shall be converted into the right to receive the Per Share Cash Consideration and all Stock Election Shares and Non-Election Shares shall be converted into the right to receive the Per Share Stock Consideration.

• If the number of Cash Election Shares (including any Dissenting Shares) is equal to the Cash Conversion Number, then Section 1.5(a) and (b) shall not apply and all Cash Election Shares shall be converted into the right to receive the Cash Consideration and all Stock Election Shares and Non-Election Shares shall be converted into the right to receive the Stock Consideration.

• If the work plans or removal or remediation actions cost more than $500,000 (individually or in the aggregate) to complete, Purchaser and the Company agree that the cost of the work plans, removal and remediation actions shall be deducted from the cash portion of the aggregate Merger Consideration due under the Agreement and each component of the Merger Consideration, and the Cash Conversion Number and Stock Conversion Number, shall be adjusted proportionately.

• The Cash Conversion Number and Stock Conversion Number will be adjusted to ensure the OTS’ requirement that the percentage of Stock Consideration issued to FMS Shareholders as Merger Consideration is less than 50% of the amount of stock issued by Bancorp publicly in the Minority Stock Offering is satisfied.

• If the Cash Election Number is equal to the Target Cash Conversion Number, then subparagraphs (i) and (ii) above shall not apply, all Cash Election Shares shall be converted into the right to receive the Per Share Cash Consideration, and all Stock Election Shares and No Election Shares shall be converted into the right to receive the Per Share Stock Consideration.

More Definitions of Cash Conversion Number

Cash Conversion Number shall have the meaning set forth in Section 2.5(a).

Cash Conversion Number has the meaning set forth in Section 2.04(a).

Cash Conversion Number means $100,000,000 divided by the Cash Election Price.

Cash Conversion Number means the quotient (calculated to the fourth decimal place) obtained by dividing (a) $10,000,000 by (b) the Company Fully Diluted Share Number.

Cash Conversion Number shall have the meaning ascribed thereto in Section 2.14(e) hereof.

Cash Conversion Number means the number of outstanding shares of Seller Common Stock as of the Effective Time, including all Dissenting Shares, if any, multiplied by the ratio of $7.25 to the Acquisition Price. "Stock Conversion Number" means the number of outstanding shares of Seller Common Stock as of the Effective Time minus the Cash Conversion Number.

Cash Conversion Number shall be the dollar amount equal to the result obtained by dividing an amount equal to (i) $1,045,000 (as it may be adjusted pursuant to Section 1.6 hereof) less (ii) the Option Payment, by the Number of Outstanding Shares.