Collar Exchange Ratio definition
Collar Exchange Ratio means, subject to adjustment, if any, provided under the terms of the Amalgamation Agreement, the quotient determined by dividing (i) the Unadjusted Share Amount by (ii) the RBC Closing Average Share Price (such quotient to be rounded to the nearest one-hundred thousandth (0.00001)), provided that: (a) if the RBC Closing Average Share Price is equal to or less than 90% of the Collar Price, the Collar Exchange Ratio means the quotient determined by dividing (i) the Unadjusted Share Amount by (ii) 90% of the Collar Price (such quotient to be rounded to the nearest one-hundred thousandth (0.00001)); and (b) if the RBC Closing Average Share Price is equal to or greater than 110% of the Collar Price, the Collar Exchange Ratio means the quotient determined by dividing (i) the Unadjusted Share Amount by (ii) 110% of the Collar Price (such quotient to be rounded to the nearest one-hundred thousandth (0.00001)).
Collar Exchange Ratio means, subject to adjustment, if any provided in Section 13, the quotient determined by dividing (i) the Unadjusted Share Amount by (ii) the RBC Closing Average Share Price (such quotient to be rounded to the nearest one-hundred thousandth (0.00001)), provided that: