Exchange Right Consideration definition

Exchange Right Consideration means, in respect of each Exchangeable Share:

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Exchange Right Consideration has the meaning ascribed thereto in Section 2.4.

Exchange Right Consideration means, in respect of each Exchangeable Share: (a) (i) if the date of the applicable exchange pursuant to the Exchange Right occurs prior to the Conversion Date, one MVS or, if a Holder elects in the written notice of exercise delivered to the U.S. Company pursuant to Section 2.1(2), one SVS, or (ii) if the date of the applicable exchange pursuant to the Exchange Right occurs on or after the Conversion Date, one SVS, in each case, as adjusted for Stock Splits; and (b) an amount equal to the Outstanding Dividend Amount calculated as of the date of the applicable exchange pursuant to the Exchange Right.

Examples of Exchange Right Consideration in a sentence

Upon the request of a Holder and the surrender by the Holder of Exchangeable Share certificates deemed to represent U.S. Company Shares, duly endorsed in blank and accompanied by such instruments of transfer as U.S. Company or the Permitted Subsidiary may reasonably require, U.S. Company or the Permitted Subsidiary shall deliver or cause to be delivered to the Holder certificates representing the U.S. Company Shares representing the Exchange Right Consideration in respect of such Exchangeable Shares.
Upon the request of a Holder and the surrender by the Holder of Exchangeable Share certificates deemed to represent BEI Shares duly endorsed in blank and accompanied by such instruments of transfer as BEI may reasonably require, BEI shall deliver or cause to be delivered to the Holder certificates representing the BEI Shares representing the Exchange Right Consideration in respect of such Exchangeable Shares.
On the fifth Business Day prior to the Opko Liquidation Event Effective Date, all of the then outstanding Exchangeable Shares held by the Holders shall be automatically exchanged with Opko or such Permitted Subsidiary as may be designated by Opko, for the Exchange Right Consideration.
The Parent shall provide the Corporation with sufficient funds as is necessary to enable the Corporation to pay or otherwise satisfy its obligations under the Exchangeable Share Provisions in respect of the applicable dividends, Liquidation Consideration, Retraction Consideration, Redemption Consideration or Exchange Right Consideration, in each case for the benefit of holders from time to time of the Exchangeable Shares.

More Definitions of Exchange Right Consideration

Exchange Right Consideration has the meaning given to that term in Section 2.4 hereof.

Exchange Right Consideration has the meaning given to such term in the Exchange and Support Agreement.