Parent Exchange Ratio definition

Parent Exchange Ratio has the meaning set forth in Section 2.5(e)(i)(1) hereof.

Parent Exchange Ratio has the meaning set forth in the Recitals.

Parent Exchange Ratio means the exchange of Parent Common Stock for PubCo Ordinary Shares on a one-for-one basis.

Examples of Parent Exchange Ratio in a sentence

• The Parent Board has received the opinion of the Parent Financial Advisor, substantially to the effect that, as of the date of the opinion of the Parent Financial Advisor, subject to the assumptions, limitations, qualifications and other matters considered in the preparation thereof, the Parent Exchange Ratio is fair, from a financial point of view, to the holders of Parent Shares (other than Parent Shares held by the Company or its Affiliates).

• Prior to the execution of this Agreement, the Company Special Committee has received the opinion of Credit Suisse First Boston LLC to the effect that, as of the date of such opinion, and based upon and subject to the matters set forth therein, the Parent Exchange Ratio is fair to the holders of Company Common Stock (excluding the controlling shareholder and its affiliates) from a financial point of view.

• The regulations and the formalities have thus limited the trade to exchange of low valued commodities.In conformance with the Trade Facilitation Programme, the study comes up with the impediments to the trade, which if obviated could result in greater and timely trade.

• For purposes of this Agreement, the term “Equity Exchange Factor” means the sum of (i) the Parent Exchange Ratio and (ii) the quotient obtained by dividing (1) the Standard Cash Amount by (2) the 10-day aggregate volume-weighted average per share price, rounded to two decimal points of Braves Shares as reported on the New York Stock Exchange composite transactions reporting system for the 10 consecutive trading days ending on the second-to-last full trading day prior to the Closing Date.

More Definitions of Parent Exchange Ratio

Parent Exchange Ratio means a fraction of a share of Parent Common Stock (rounded to the nearest 1/1,000th) equal to: (1) 0.2800 if the Parent Common Stock Price is equal to at least $46.792 but not more than $56.792; (2) $15.90 divided by the Parent Common Stock Price (rounded to the nearest 1/10,000th) if the Parent Common Stock Price is more than $56.792 but not more than $62.792; (3) $13.10 divided by the Parent Common Stock Price (rounded to the nearest 1/10,000th) if the Parent Common Stock Price is less than $46.792 but not less than $40.792; (4) the indicated fraction of a share of Parent Common Stock set forth opposite the applicable Parent Common Stock Price in Exhibit B hereto if the Parent Common Stock Price is either more than $62.792 but not more than $82.792 or less than $40.792 but not less than $20.792; or (5) a fraction of a share of Parent Common Stock determined on the same basis as the fractions set forth in Exhibit B hereto if the Parent Common Stock Price is more than $82.792 or less than $20.792;

Parent Exchange Ratio means one.

Parent Exchange Ratio means the quotient (rounded to the nearest 1/10,000) determined by dividing $35.00 by the average (rounded to the nearest 1/10,000) of the volume weighted averages (rounded to the nearest 1/10,000) of the trading prices of Parent Common Stock on the New York Stock Exchange (the "NYSE"), as reported by Bloomberg Financial Markets (or such other source to which Parent and the Company may agree), for each of the 20 consecutive trading days ending with the third trading day immediately preceding the Effective Time. As of the Effective Time, all such shares of Company Common Stock shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each holder of a certificate which immediately prior to the Effective Time represented any such shares of Company Common Stock (each, a "Certificate") shall cease to have any rights with respect thereto, except the right to receive the Closing Consideration, any dividends or other distributions to which such holder is entitled pursuant to Section 2.02(c) and any cash in lieu of fractional shares of Parent Common Stock and Newco Common Stock to be issued or paid in consideration therefor upon surrender of such Certificate in accordance with Section 2.02(e), without interest. Notwithstanding the foregoing, if between the date of this Agreement and the Effective Time (i) the outstanding shares of Parent Common Stock shall have been changed into a different number of shares or a different class, by reason of the occurrence of any stock dividend, subdivision, reclassification, recapitalization, split, combination, exchange of shares or similar transaction or (ii) Parent shall have established the record date for such a change and such record date occurs prior to the Effective Time, the Parent Exchange Ratio shall be appropriately adjusted to reflect such stock dividend, subdivision, reclassification, recapitalization, split, combination, exchange of shares or similar transaction.