Stock Repurchase Amount definition

Stock Repurchase Amount means an amount equal to the product of (a) the total consideration paid by the Company or any of its Subsidiaries for the Repurchased Shares, including any broker or other fees paid to any investment banks, brokers or other agents in connection with the repurchase multiplied by (b) (i) if the applicable Redemption Date occurs on or prior to the first anniversary of the Closing Date, 120%, (ii) if the applicable Redemption Date occurs after the first anniversary of the Closing Date, but prior to or on the second anniversary of the Closing Date, 125%, (iii) if the applicable Redemption Date occurs after the second anniversary of the Closing Date, but prior to or on the third anniversary of the Closing Date, 130%, (iv) if the applicable Redemption Date occurs after the third anniversary of the Closing Date, but prior to or on the fourth anniversary of the Closing Date, 145%, and (v) if the applicable Redemption Date occurs after the fourth anniversary of the Closing Date, 160%.
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Stock Repurchase Amount shall be an amount that constitutes the repurchase by Prime Holdings of the 112,800 shares (the “Sweet Equity Shares”) of common stock, par value $0.01 per share, of Prime Holdings (“Prime Holdings Common Stock”) held by the ▇▇▇▇▇ Family Trust as of the Effective Date, and that were: (i) initially acquired by the Executive as 112,800 shares of common stock, par value $0.01 per share, of PIHI (“PIHI Common Stock”) pursuant to an agreement between PIHI and the Executive dated July 28, 2005 pursuant to which 112,800 phantom incentive stock units awarded to the Executive by PIHI on February 12, 2004 pursuant to the Ply Gem Investment Holdings, Inc. Phantom Plan (which was assumed by Prime Holdings in connection with the transactions contemplated by the Agreement and Plan of Merger and Contribution, dated February 24, 2006, by and between the Companies, Ply Gem Merger Sub, Inc., a Delaware corporation and then a wholly-owned subsidiary of Prime Holdings, and certain executives of AWC Holding Company (the “Merger and Contribution Agreement”), and amended and restated as the Ply Gem Prime Holdings, Inc. Amended and Restated Phantom Stock Plan (the “Phantom Plan”)) cancelled in exchange for the grant to the Executive of 112,800 shares of PIHI Common Stock, (ii) transferred by the Executive to the ▇▇▇▇▇ Family Trust on September 28, 2005, and (iii) converted into the Sweet Equity Shares pursuant to the transactions contemplated by the Merger and Contribution Agreement.
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Stock Repurchase Amount a price of $21.50 per share of Capital Stock of Holdings for an aggregate purchase price of $157,985,311 pursuant to the Stock Repurchase.
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Examples of Stock Repurchase Amount in a sentence

  • Assuming receipt of the necessary funds, at ------------------------ the Closing DBI will repurchase from the Shareholders and the Shareholders will sell, pro rata in accordance with their interests, outstanding DBI Common Stock with an aggregate value (the "Common Stock Repurchase Amount") equal to the estimated Equity Value minus $15,000,000 minus the Option Value.

  • The Common Stock Repurchase Amount, less the amount required to be placed in escrow under the terms of Section 3.3(A)(1), shall be paid by DBI to the Shareholders by wire transfer of immediately available funds to such accounts designated by the Shareholders prior to Closing.

  • The Stock Repurchase Amount shall be mailed to the Executive on February 15, 2006 (the “Stock Repurchase Payment Date”), assuming that the general release has become effective as of the Stock Repurchase Payment Date, i.e., that the Executive has not exercised any of his rights to revoke as described in Section 6 of this Agreement.

  • The Stock Repurchase Amount shall be $1,128,000, which represents the product of 112,800 (the number of Sweet Equity Shares) and $10.00.

  • Notwithstanding the foregoing, on or within 10 days of the Restatement Effective Date, the Borrowers may make a Restricted Payment to Holdings in an aggregate amount equal to the Stock Repurchase Amount to be used by Holdings in accordance with Section 6.9, and Holdings may purchase shares of its Capital Stock in connection with the Stock Repurchase.

  • This Clause 26.1 is for the benefit of the Lenders and the Agent only.

  • The Stock Repurchase Amount shall be paid to the Executive as soon as reasonably practicable following the expiration of the revocation period set forth in the Release, subject to the Executive’s not having revoked the Release as of such date.

  • The Stock Repurchase Amount shall be payable by the Company within five business days after receipt by the Company of the Stock Repurchase Notice.

  • The Stock Repurchase Amount shall only be paid pursuant to this Section IIC following PIHI’s purchase of 112,800 shares of PIHI Common Stock from Prime Holdings, at a purchase price per share equal to the amount described in Section IIC2 above, pursuant to PIHI’s exercise of its “Call Right” set forth in the Stockholders’ Agreement, which purchase shall occur immediately prior to the repurchase contemplated by paragraph 1 of this Section IIC.

  • Maximum aggregate Permitted Stock Repurchase Amount (if Permitted Stock Repurchase to be made when EBITDA <$70,000,000): $150,000,000 F.


More Definitions of Stock Repurchase Amount

Stock Repurchase Amount. The amount paid by the Company for the Stock Repurchase, which amount shall not exceed $9,891,000.
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