Examples of Second Merger Consideration in a sentence
In such event, all holders of IMC Common Stock would be entitled to receive a new form of consideration in exchange for their IMC Common Stock (the "Second Merger Consideration").
Neither party may assign any of its rights under this Agreement without the prior consent of the other parties; provided, however, that the rights of Sellers under Section 2.7 to the Second Merger Consideration may not be voluntarily assigned by Sellers or either of them and may be transferred only by operation of law, including, without limitation upon death of one or both of the Sellers.
At Closing, Buyer shall issue and deliver to the PRRC Shareholders certificates representing the Second Merger Consideration in such amounts as determined in accordance with Section 4.7 (the “Second Merger New Buyer Certificates”).
Notwithstanding anything to the contrary herein, the Merger Consideration Setoff shall in no event exceed an amount equal to ten percent (10%) of the Second Merger Consideration Payment based upon the Second Valuation Amount, provided that such Second Valuation Amount shall in no event exceed $3.70 or be less than $1.90.
Buyer, Buyer’s Sub 2 and the PRRC Shareholders agree that an amount equal to the Second Merger Consideration shall be allocated pro-rata among PRRC Shareholders in respect of their relative holdings of PRRC Shares immediately prior to the Second Merger Effective Date (the “PRRC Equity Allocation” and, collectively with the CRC Equity Allocation, the “Equity Allocations”).
The Merger Consideration shall consist of the "First Merger Consideration" and the "Second Merger Consideration".
At the Second Effective Time, Second Surviving Corporation shall deliver irrevocable instructions to the Exchange Agent to deliver the Second Merger Consideration out of the Second Exchange Fund in the manner it is contemplated to be issued or paid pursuant to this Article II.
Each of the Seller Individuals (either alone or together with his advisors) has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risks of his investment in the Buyer Shares issuable pursuant to the First Merger Consideration, the Second Merger Consideration and the LLC Buyer Share Consideration (as applicable) and is capable of bearing the economic risks of such investment.
In the event that a good faith, reasonable claim, is made by Buyer or Acquisition pursuant to Section 11.2 within sixteen (16) months from the Closing Date, then, out of the Second Merger Consideration, Buyer shall issue in the name of Sellers, but retain in an escrow, the number of shares of Buyer's common stock which, at the IPO price, have a value equal to the reasonably estimated Damages arising from the claim.
The "Second Merger Consideration" shall be shares of Buyer's Common Stock having a value, at the IPO Price, of an amount equal to three and one-half (3.5) times the difference between; (i) the annualized Company Adjusted EBITDA used in determining First Merger Consideration and (ii) Acquisition Adjusted EBITDA.