Examples of Stock Adjustment Amount in a sentence
Such arbitration shall be conducted in accordance with Section 4.1(i)(ii), except that to the extent a decision is rendered by the Title Arbitrator prior to the Closing Date, such decision shall be reflected in the calculation of the Stock Adjustment Amount and the use of the Defect Escrow Account (and the services of the Escrow Agent) with respect thereto shall not apply.
Such arbitration shall be conducted in accordance with Section 5.5(b), except that to the extent a decision is rendered by the Environmental Arbitrator prior to the Closing Date, (x) such decision shall be reflected in the calculation of the Stock Adjustment Amount and (y) the use of the Defect Escrow Account (and the services of the Escrow Agent) with respect thereto shall not apply.
This forced us to make some changes to the format of the interview.
In either case, in the event any sums are paid by Third Parties by reason of such Casualty Loss pursuant to any policy or agreement of insurance or indemnity, then (i) Unitholder Representative shall be entitled to any such sums up to the amount of any increase to the Stock Adjustment Amount in respect of such Casualty Loss, and (ii) Parent shall be entitled to any such sums remaining thereafter.
The "Cash Adjustment Amount" shall equal the dollar value obtained by multiplying the absolute value of the Adjustment Amount by 0.6. The "Stock Adjustment Amount" shall equal the number of shares (rounded down to the nearest whole number) of Dearborn Common Stock obtained by dividing (x) the product obtained by multiplying the absolute value of the Adjustment Amount by 0.4 by (y) 100.
If the Adjustment Amount is a negative number, the Sellers shall jointly and severally pay to Dearborn within five (5) Business Days of the final determination of the Adjustment Amount in accordance with subparagraph (a) above the Cash Adjustment Amount (with simple interest from the Closing Date through the date of payment at the Applicable Interest Rate) and the Stock Adjustment Amount.
The parties agree that any Stock Adjustment Amount payable under this Agreement may be set off against any Adjustment Amount payable under this Agreement.
If the Company elects not to cure (or attempt to cure) an Environmental Defect either prior to or after Closing, and the Environmental Defect or the Environmental Defect Amount is not otherwise subject to a dispute, then at Closing, the Stock Adjustment Amount shall include the applicable Environmental Defect Amount, subject to the Environmental Threshold Amount and the Environmental Defect Deductible Amount.
The stated value will be further reduced by the stated value of all shares of New Preferred Stock that reduce the L/C Cap pursuant to clause (iii) of the definition of Preferred Stock Adjustment Amount.