Merger Consideration Per Share definition
Examples of Merger Consideration Per Share in a sentence
For the avoidance of doubt, if the exercise price of any such terminated Option or Warrant is equal to or greater than the Per Share Common Merger Consideration, Per Share Series A Preferred Merger Consideration or Per Share Series B Preferred Merger Consideration, as applicable, then such Option or Warrant shall be terminated and retired without any payment or other consideration therefor.
The Aggregate Merger Consideration, Per Share Price and Exchange Ratio shall be calculated by Parent prior to the Effective Time of the Holding Company Merger and shall be set forth in a certificate (the “Merger Certificate”) executed by an authorized executive officer of Parent and furnished to the Company prior to the Closing Date showing the manner of calculation in reasonable detail.
The aggregate Class A Preferred Merger Consideration Per Share payable to all holders of Class A Preferred Stock is referred to herein as the “Class A Preferred Merger Consideration.” All such shares of Class A Preferred Stock shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each certificate previously representing any such shares shall thereafter solely represent the right to receive the Class A Preferred Merger Consideration therefor.
The payment by Parent of the Merger Consideration Per Share and the Option Cashout Consideration shall constitute payment by Parent to each Stockholder and Optionholder, as applicable, and satisfaction of Parent’s obligation to pay such amount hereunder.
Until so surrendered and exchanged, each Certificate shall represent solely the right to receive an amount equal to the Net Merger Consideration Per Share multiplied by the number of Shares represented by such Certificate and payable as provided in Section 3.02.