Examples of Departing Participant in a sentence
The Remaining Participant shall pay the Departing Participant the fair market value for the Departing Participant’s Interest within 90 days from the date the evaluation, or such other date as agreed to between the parties, and the Departing Participant will transfer all of its legal and beneficial title to the Property and Assets upon such payment.
Without limiting the generality of the foregoing, but subject to Applicable Law, the Employer will notify the Issuer as soon as practicable after any Arrangement Departing Participant ceases to be a director, officer or employee of the Employer or any of its Affiliates.
The Remaining Participant shall pay the Departing Participant the fair market value for the Departing Participant’s Ownership Interest within ninety (90) days from the date the evaluation, or such other date as agreed to between the parties, and the Departing Participant will transfer all of its legal and beneficial title to the Property and Assets upon such payment.
To the extent not obtained prior to the Effective Date, the Employer will use commercially reasonable efforts to obtain, as soon as practicable after the Effective Time, each Arrangement Departing Participant's consent to such cooperation, information sharing and notification process, which consent shall be in writing in a form and substance satisfactory to the Issuer (acting reasonably) and duly executed by the applicable Arrangement Departing Participant.
For purposes of determining the amount to be paid to the Departing Participant, if the Departing Participant is Yellowcake, the value of the Yellowcake Shares, plus the amount up to Five Hundred Thousand Dollars ($500,000) that has not been distributed to Strathmore pursuant to Section 5.2, shall be deducted from the Fair Market Value of Yellowcake’s Ownership Interest.
The Remaining Participant shall pay the Departing Participant the fair market value for the Departing Participant’s Interest within ninety (90) days from the date the evaluation, or such other date as agreed to between the parties, and the Departing Participant will transfer all of its legal and beneficial title to the Property and Assets upon such payment.
If the Departing Participant is Strathmore, the amount up to Five Hundred Thousand Dollars ($500,000) that has not been distributed to Strathmore pursuant to Section 5.2, shall be added to the Fair Market Value of Strathmore’s Ownership Interest and the Company shall distribute to Strathmore the Yellowcake Shares.
The fair market value of the Ownership Interest of the Departing Participant shall be determined by a panel of two qualified independent investment banking firms one of which shall be retained by the Departing Participant and one of which shall be retained by the Remaining Participant.
The fair market value of the Interest of the Departing Participant shall be determined by a panel of two qualified independent investment banking firms one of which shall be retained by the Departing Participant and one of which shall be retained by the Remaining Participant.
The Remaining Participant shall pay the Departing Participant the fair market value for the Departing Participant's Interest within 90 days from the date the evaluation, or such other date as agreed to between the parties, and the Departing Participant will transfer all of its legal and beneficial title to the Property and Assets upon such payment.