Exchange Fraction definition

Exchange Fraction shall have the meaning set forth in Section 11(p) hereof.
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Exchange Fraction shall have the meaning set forth in Section 11(p) of this Agreement.
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Exchange Fraction means the fraction of a Common Share transferred pursuant to subsection 2.2(b), being the fraction determined by dividing $0.20 by the Common Share Weighted Average Trading Price;
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Examples of Exchange Fraction in a sentence

  • The Exchange Fraction shall be the fraction derived by dividing 1,155,000 by the total number of Shares outstanding as of the Effective Time.

  • In consideration of the issuance to Parent by the Surviving Corporation of shares of common stock of the Surviving Corporation pursuant to Section 2.1(a) hereof and subject to Section 2.1(b), Parent shall issue to the Exchange Agent such number of Parent Shares as is equal to the number of Shares outstanding immediately prior to the Effective Time multiplied by the Exchange Fraction.

  • Parent has received the opinion of its financial advisor, Cardinal Advisory, Inc., dated the date hereof, to the effect that, as of such date, the Exchange Fraction is fair to the Company’s shareholders from a financial point of view, and a copy of such opinion has been provided to the Company.

  • By way of illustration, if the total number of Shares outstanding as of the Effective Time (including Shares issuable pursuant to exercise of the SunLink Warrant) were 6,382,744 (as is anticipated by the Company), the Exchange Fraction would be 0.1810 (1,155,000 ÷ 6,382,744), such that for each one Share the holder thereof would receive 0.1810 Parent Shares.

  • By way of illustration, if the total number of Shares outstanding as of the Effective Time were 6,247,744 (as is anticipated by the Company), the Exchange Fraction would be 0.1847 (1,155,000 ÷ 6,247,744), such that for each one Share the holder thereof would receive 0.1847 Parent Shares.

  • For any date of determination, a fraction equal to the excess, if any, of 1 over the Class 1-A-7 Exchange Fraction for such date.

  • The Company has received the opinion of its financial advisor, Harpeth Capital Atlanta, LLC, dated the date hereof, to the effect that, as of such date, the Exchange Fraction is fair to the Company’s shareholders from a financial point of view, and a copy of such opinion has been provided to the Parent.


More Definitions of Exchange Fraction

Exchange Fraction shall be equal to the quotient obtained by dividing one (1) by the number of shares of Seller Common Stock issued and outstanding immediately prior to the Effective Time.
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Exchange Fraction means the lesser of (a) 0.5 and (b) the sum of (i) the Redemption Ratio plus (ii) the Unpaid Liability Ratio.
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Related to Exchange Fraction

  • PO Fraction With respect to any Discount Mortgage Loan, the difference between 1.0 and the Non-PO Fraction for such Mortgage Loan; with respect to any other Mortgage Loan, zero. Pool Balance (Non-PO Portion): As of any Distribution Date, the sum of the amounts for each Mortgage Loan that is an Outstanding Mortgage Loan of the product of (i) the Non-PO Fraction for such Mortgage Loan and (ii) the Scheduled Principal Balance of such Mortgage Loan. Pool Balance (PO Portion): As of any Distribution Date, the sum of the amounts for each Mortgage Loan that is an Outstanding Mortgage Loan of the product of (i) the PO Fraction for such Mortgage Loan and (ii) the Scheduled Principal Balance of such Mortgage Loan.

  • Applicable Fraction means Applicable Fraction as defined in Section 42(c)(1)(B) of the IRC.

  • Class P Fraction Any Class I-P, Class II-P or Class III-P Fraction, as applicable.

  • Adjustment Fraction shall have the meaning set forth in Section 11(a)(i) hereof.

  • Non-PO Fraction With respect to any Mortgage Loan, the lesser of (i) 1.00 and (ii) the quotient obtained by dividing the Net Mortgage Interest Rate for such Mortgage Loan by 6.500%.