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%,
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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 Xxxxx 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 Xxxxx 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.
Sample 1
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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Examples of Stock Repurchase Amount in a sentence

  • 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.

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

  • 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.

  • Neither the Company, Concur, the Surviving Corporation nor any officer, director or controlling person of any of them will incur any expenses (other than the Stock Repurchase Amount) or liability as a result or arising out of such purchase.

  • 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.

  • If the Executive revokes the Release or otherwise breaches any of his obligations under this Agreement prior to the payment of the Stock Repurchase Amount, then this Section IIC shall be null and void, and the terms of the Ply Gem Prime Holdings, Inc.

  • 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.

  • At the Repurchase Closing, the Company shall deliver to each holder of Series C Repurchased Shares, Series D Repurchase Shares, Series E Repurchased Shares and Repurchased Common Stock the aggregate Series C Repurchase Amount, Series D Repurchase Amount, Series E Repurchase Amount or Common Stock Repurchase Amount, as applicable, for such holder’s shares, in cash, by same day wire transfer.


More Definitions of Stock Repurchase Amount

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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Related to Stock Repurchase Amount

  • Repurchase Amount shall have the meaning set forth in Section 4.2 hereof.

  • VWAP Purchase Amount means, with respect to any particular VWAP Purchase Notice, the portion of the Available Amount to be purchased by the Buyer pursuant to Section 1(c) hereof pursuant to a valid VWAP Purchase Notice which requires the Buyer to buy the VWAP Purchase Share Percentage of the aggregate shares traded on the Principal Market during normal trading hours on the VWAP Purchase Date up to the VWAP Purchase Share Volume Maximum, subject to the VWAP Minimum Price Threshold.

  • Purchase Amount means the total amount being paid by the Investor on a particular Closing Date to purchase the Securities.

  • Share Repurchase means the purchase, repurchase, redemption or other acquisition by Borrower from any Person of any capital stock or other equity interest of Borrower.

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 57.40% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date (including amounts in the Prefunding Account as of the Closing Date).

  • Repurchase Value means the Fair Market Value in the event the award to be repurchased under Section 10.2 is comprised of shares of Common Stock and the difference between Fair Market Value and the Exercise Price (if lower than Fair Market Value) in the event the award is a Stock Option or Stock Appreciation Right; in each case, multiplied by the number of shares subject to the award.

  • Acquisition Amount means, for an Acquired Receivable for which the Acquisition Amount is to be included in Available Funds for a Payment Date, the excess of (i) the present value of the Principal Balance of the Receivable as of the last day of the Collection Period immediately preceding the related Collection Period (calculated using the Discount Rate on the basis of a 360-day year of twelve 30-day months and assuming each amount is received at the end of the Collection Period in which the amount is scheduled to be received) over (ii) all cash collections and any other cash proceeds received by the Issuer on the related Receivable from (but excluding) the last day of the Collection Period immediately preceding the related Collection Period to the day on which such Receivable becomes an Acquired Receivable.

  • Shares Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) of the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such; provided that, if such Person is determined not to have become an Acquiring Person pursuant to Section 1(a) hereof, then no Shares Acquisition Date shall be deemed to have occurred by virtue of such event.

  • Investment Amount means the dollar amount to be invested by Investor to purchase Put Shares with respect to any Put as notified by the Company to Investor in accordance with Section 2.2.

  • Acquisition Price means the fair market value of the securities, cash or other property, or any combination thereof, receivable upon consummation of a Company Transaction in respect of a share of Common Stock.

  • Available Equity Amount means a cumulative amount equal to (without duplication):

  • Sale Amount means, with respect to any Sold Receivable, the amount received from the related third-party purchaser as payment for such Sold Receivable.

  • Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Senior Percentage of all amounts described in subclauses (a) through (d) of clause (i) of the definition of Non-PO Formula Principal Amount for such Distribution Date, (ii) with respect to any Mortgage Loan that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the lesser of (x) the Senior Percentage of the applicable Non-PO Percentage of the Stated Principal Balance of such Mortgage Loan and (y) either (A) the Senior Prepayment Percentage of the applicable Non-PO Percentage of the amount of the Liquidation Proceeds allocable to principal received on the Mortgage Loan or (B), if an Excess Loss was sustained with respect to such Liquidated Mortgage Loan during such preceding calendar month, the Senior Percentage of the amount of the Liquidation Proceeds allocable to principal received with respect to such Mortgage Loan, and (iii) the sum of (x) the Senior Prepayment Percentage of the applicable Non-PO Percentage of the amounts described in subclause (f) of clause (i) of the definition of Non-PO Formula Principal Amount for such Distribution Date, and (y) the Senior Prepayment Percentage of any Subsequent Recoveries described in clause (ii) of the definition of Non-PO Formula Principal Amount for such Distribution Date; provided, however, that if a Bankruptcy Loss that is an Excess Loss is sustained with respect to a Mortgage Loan that is not a Liquidated Mortgage Loan, the Senior Principal Distribution Amount will be reduced on the related Distribution Date by the Senior Percentage of the applicable Non-PO Percentage of the principal portion of such Bankruptcy Loss.

  • PIPE Investment Amount has the meaning specified in Section 6.16.

  • Maximum Purchase Amount means, for any CP Conduit, the aggregate Commitments of its Committed Purchasers, as set forth on Schedule I hereto.

  • Fundamental Change Repurchase Price shall have the meaning specified in Section 15.02(a).

  • Make-Whole Acquisition Stock Price means the consideration paid per share of Common Stock in a Make-Whole Acquisition. If such consideration consists only of cash, the Make-Whole Acquisition Stock Price shall equal the amount of cash paid per share of Common Stock. If such consideration consists of any property other than cash, the Make-Whole Acquisition Stock Price shall be the average of the Closing Price per share of Common Stock on each of the 10 consecutive Trading Days up to, but not including, the Make-Whole Acquisition Effective Date.

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • Stock Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) of the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such, or such earlier date as a majority of the Board of Directors shall become aware of the existence of an Acquiring Person.

  • Redemption Price or Repurchase Price means the amount to be paid to the relevant Holder upon redemption of that Unit, such amount to be determined pursuant to this document.

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • Issuance Amount means the aggregate Sales Price of the Shares to be sold by the Agent pursuant to any Issuance Notice.

  • Minimum Purchase Amount means an amount that would be sufficient to (i) reduce the Outstanding Amount of each class of Notes on such Distribution Date to zero and (ii) pay to the respective Noteholders the Class A Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Interest Distribution Amount payable on such Distribution Date.

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Available Amount of any Letter of Credit means, at any time, the maximum amount available to be drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing).

  • Prepayment Consideration shall have the meaning set forth in Section 2.3.1.