Cash Conversion Number definition

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

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

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.

Examples of Cash Conversion Number in a sentence

• 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.

• If the number of Cash Election Warrants is equal to the Warrant Cash Conversion Number, then subparagraphs (a) and (b) above shall not apply and all Cash Election Warrants shall be converted into the right to receive the Warrant Cash Consideration and all Stock Election Warrants and Non-Election Warrants shall be converted into the right to receive the Warrant 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.

• 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.

• The Cash Conversion Number and Stock Conversion Number will be adjusted to ensure the OTS’ requirement that the number of shares of Bancorp Common Stock comprising the Stock Consideration issued to CSFC Shareholders as Merger Consideration is less than the number of shares of Bancorp Common Stock issued by Bancorp publicly in the Minority Stock Offering is satisfied.

More Definitions of Cash Conversion Number

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.”

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 either (i) (a) $22,100,000 by (b) the Company Fully Diluted Share Number or, in the event of a Balance Sheet Adjustment, (ii) (a) $22,100,000 less the amount of the Balance Sheet Adjustment by (b) the Company Fully Diluted Share Number.

Cash Conversion Number means the quotient obtained by dividing (i) the excess of the Cash Amount over the aggregate All Cash Consideration by (ii) the number of Fully Diluted Shares.

Cash Conversion Number shall be the number determined by dividing (i) the cash portion of the Per Share Amount into which a share of Company Common Stock is converted pursuant to Section 2.1, by (ii) the sum of the amount determined in (i) plus the product of the number of shares of Acquiror Common Stock into which a share of Company Common Stock is converted pursuant to Section 2.1 multiplied by the Acquiror Average Closing Price. The "Stock Conversion Number" shall be one (1) minus the Cash Conversion Number.

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.