Participation Price definition

Participation Price shall have the meaning set forth in Section 7.2(b).

Participation Price means $7.00; provided that (a) if the Corporation shall, at any time or from time to time after the Original Issue Date, (i) pay a dividend or make any other distribution upon the Common Stock payable in shares of Common Stock, or (ii) subdivide (by any stock split, recapitalization or otherwise) its outstanding shares of Common Stock into a greater number of shares of Common Stock, the Participation Price in effect immediately prior to any such dividend, distribution or subdivision shall be proportionately reduced; and (b) if the Corporation at any time combines (by combination, reverse stock split or otherwise) its outstanding shares of Common Stock into a smaller number of shares, the Participation Price in effect immediately prior to such combination shall be proportionately increased. Any adjustment under clause (a) or (b) of the preceding sentence of this definition shall become effective at the close of business on the date the dividend, subdivision or combination becomes effective.

Participation Price shall have the meaning set forth in Section 4(a).

Examples of Participation Price in a sentence

• Except as otherwise provided in Section A.7(a)(iii), no adjustment of the Participation Price shall be made upon the actual issuance of such Common Stock or of such Convertible Securities upon exercise of such Options or upon the actual issuance of such Common Stock upon conversion or exchange of such Convertible Securities.

• TABLE OF CONTENTS​​ In the implementation of any Other Post-Offer Measure, due consideration will be given to the requirements of applicable law, including the requirement to consider the interests of all stakeholders including any Minority Shareholders, and the requirement for the members of the Supervisory Board to form their independent view of the relevant matter.

• If the Offered Participation Price includes consideration other than cash, the cash equivalent value of such non-cash consideration shall be determined by the Company in good faith.

• On May 22, 2004, the Corporation shall redeem, to the extent of funds legally available therefor, in the manner provided for in paragraph (e)(iii) hereof, and each Holder shall surrender or redemption, all of the shares of the Series B Participating Preferred Stock then outstanding at a Redemption Price per share equal to the greater of (i) the Stated Value, plus, without duplication, an amount equal to all accumulated and unpaid dividends per share, or (ii) the Participation Price.

• The actual aggregate dollar amount of Participations purchased by Pointe shall hereafter be referred to as the "Participation Price".

• The initial “Participation Price” per share for shares of Series A Preferred Stock shall be the Original Issue Price, subject to adjustment as set forth in Section A.7. For the avoidance of doubt, the current Participation Price as of the date of the filing of this Third Amended and Restated Certificate of Incorporation is $3.66083.

• For purposes of clarity, no payment shall be made with respect to any Vested Option so cancelled with a per-share exercise price that equals or exceeds the Common/Series B Participation Price Per Share.

• The purchase price for the Purchased Participation Interest purchased by the Participating Party under this Section 4.1(f) (the “Participation Purchase Price”) shall be the Offered Participation Price for the Purchased Participation Interest, and the terms and conditions of the purchase shall be identical in all material respects to the Offered Participation Terms.

More Definitions of Participation Price

Participation Price shall have the meaning set forth in Section 3.2(a)(i) .

Participation Price means, with respect to a share of Senior Preferred Stock, either (a) an amount in cash equal to the Participation Value of such share or (b) one share of Common Stock (after giving effect to any adjustments required under Section 4 or 5 of Part C of this Article FOURTH), as determined by the Corporation in its sole discretion. "Participation Value" means, with respect to a share of Senior Preferred Stock, the result obtained by dividing (a) the greater of (i) $10 million plus interest thereon at the rate of 11.38% per annum from the Closing Date to the Redemption Date, Debenture Exchange Date or Change of Control Purchase Date, as the case may be, and (ii) Determined Participation Value by (b) the number of outstanding shares of Senior Preferred Stock (after giving effect to any adjustments required under Section 4 or 5 of Part C of this Article FOURTH).

Participation Price means, as of any Redemption Date, an amount per share of the Series B Participating Preferred Stock equal to (i) the Stated Value, divided by (ii) the Conversion Price, the result of which is then multiplied by (iii) the average of the Common Stock Price for the ten trading days immediately prior to the Redemption Date; provided, however, that if all or any portion of the Participation Price is paid by the Corporation in cash, the amount of the Participation Price to be paid to the Holders in cash shall be an amount equal to the Participation Price multiplied by 0.95.