Cash Conversion Ratio definition
Cash Conversion Ratio shall be the result obtained by dividing (i) $1,260,000 by (ii) the sum of (A) the number of outstanding Company Shares immediately prior to the Effective Time plus (B) the number of Company Shares issuable upon exercise of all Options (as defined below) outstanding immediately prior to the Effective Time. Subject to Section 1.14, (Payment to Company's Broker), each Company Stockholder shall be entitled to receive immediately 90% (rounded up to the nearest whole cent) of the Cash Consideration into which such Company Stockholders' Company Shares are converted pursuant to this Section 1.5 (the "Initial Cash Payment"); the remaining 10% (rounded down to the nearest whole cent) of the Cash Consideration into which such Company Stockholders' Company shares are converted pursuant to this Section 1.5 (the "Escrow Cash"), shall be deposited in escrow pursuant to Section 1.9 and shall be held and disposed of in accordance with the terms of the Escrow Agreement. The Merger Shares and the Cash Consideration shall together be referred to herein as the "Merger Consideration."
Cash Conversion Ratio shall be the result obtained by dividing (i) One million nine hundred thousand dollars ($1,900,000) less all expenses incurred by the Company in connection with the transaction contemplated hereby, including, fees to legal counsel and investment advisors, by (ii) the number of outstanding Company Shares immediately prior to the Effective Time (rounding up to the nearest $ .
01). The Initial Shares, the Indemnity Escrow Shares, the Repurchase Escrow Shares and the cash received upon conversion of the Company Shares shall together be referred to herein as the "Merger Consideration."
Cash Conversion Ratio means the quotient of (A) the Company Common Cash Consideration divided by (B) the sum obtained by adding (i) the Fully-Diluted Number of Shares of Company Common Stock plus (ii) the Fully-Diluted Number of Shares of Series B Preferred Stock plus (iii) the Fully-Diluted Number of Shares of Series A Preferred Stock.
Examples of Cash Conversion Ratio in a sentence
Cash Conversion Ratio shall mean net cash flow from operations / OIBDA.
The Group achieving a Cash Conversion Ratio of at least [numerical target to be determined for each year]% for the applicable fiscal year.
OIBDA Margin Objective: 33.1 % Cash Conversion Ratio Objective: 43.5 % This RELEASE (“Release”), is entered into between CTC Media, Inc., a Delaware corporation (the “Company”), and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ (the “Executive”).
More Definitions of Cash Conversion Ratio
Cash Conversion Ratio means the quotient of (A) the Company Common Cash Consideration divided by (B) the sum obtained by adding (i) the Fully-Diluted Number of Shares of Company Common Stock plus (ii) the Fully-Diluted Number of Shares of Series B Preferred Stock plus (iii) the Fully-Diluted Number of Shares of Series A Preferred Stock. (v) The “Cash Excess Legal Expenses” shall be equal to the product obtained by multiplying the Excess Legal Expenses by the Cash Redistribution Percentage. (vi) The “Cash Redistribution Percentage” means the quotient of (A) the Company Common Cash Conversion Ratio divided by (B) the sum of (x) the Company Common Cash Conversion Ratio plus (y) the product of (i) the Company Common Stock Conversion Ratio multiplied by (ii) the Parent Average Stock Price. (vii) The “Company Common Cash Consideration” means the Merger Cash Consideration minus the Total Series B Preferred Liquidation Preference. (viii) The “Company Common Cash Conversion Ratio” means the sum of (A) the Additional Common Cash Conversion Ratio plus (B) the Cash Conversion Ratio. (ix) The “Company Common Stock Conversion Ratio” means the sum of (A) the Additional Common Stock Conversion Ratio plus (B) the Stock Conversion Ratio. (x) The “Excess Legal Expenses” means the Legal Expenses minus (A) $500,000 and (B) the amount equal to the Legal Expenses incurred by the Company with respect to the 3(a)(10) hearing process; provided, however, that in the event that the Legal Expenses are equal to an amount less than $500,000, then the Excess Legal Expenses shall be equal to zero. (xi) The “Fully-Diluted Number of Shares of Company Common Stock” means the sum of (A) the aggregate number of shares of Company Common Stock outstanding immediately prior to the Effective Time of Merger I (including any such outstanding shares that are subject to a repurchase option or risk of forfeiture under any restricted stock purchase agreement or other agreement) plus (B) the aggregate number of shares of Company Common Stock purchasable under or otherwise subject to all vested and unvested Company Options, Company Warrants or other rights to purchase Company Common Stock outstanding immediately prior to the Effective Time of Merger I; provided, however, that the Fully-Diluted Number of Shares of Company Common Stock shall not include Incentive Options that are granted to employees of the Acquired Corporations between the date of this Agreement and the Closing Date. (xii) The “Fully-Diluted Number of Shares of...