Estimated Merger Consideration definition
Examples of Estimated Merger Consideration in a sentence
Notwithstanding anything to the contrary herein, the parties hereto acknowledge that the amount payable by Parent pursuant to this Section 2.4(f)(i) shall be the sole and exclusive source of recovery by the Shareholder Representative, on behalf of the Former Holders, for any amounts due if the Final Merger Consideration exceeds the Estimated Merger Consideration.
The Company shall be responsible for making any payments required in connection with any such termination and shall reflect such payment or other consideration incurred by the Company as of the Closing Date or anticipated to be incurred or payable after the Closing in the Estimated Merger Consideration Statement as a Transaction Expense if unpaid as of Closing.
If Parent and the Company fail to agree upon the amounts set forth in the Estimated Merger Consideration Statement at least two (2) Business Days prior to the Closing Date, then, subject to the conditions set forth in Article VI, the Closing shall occur and the Estimated Merger Consideration set forth in the Estimated Merger Consideration Statement delivered by the Company shall be the Estimated Merger Consideration for purposes of the Closing.
The Estimated Merger Consideration Statement shall be prepared in good faith and in accordance with the terms (including the definitions) of this Agreement, including the applicable Accounting Principles, and shall contain reasonably detailed schedules and supporting calculations and information (including unexecuted Payoff Letters in draft form).
For the avoidance of doubt, in no event will the sum of the Closing Date Payments exceed the Estimated Merger Consideration.