Examples of Surviving Corporations in a sentence
The individuals listed on Schedule I shall, from and after the Effective Time, be the directors and executive officers, respectively, of the Company as the Surviving Corporation until their successors shall have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the Surviving Corporation's Articles of Incorporation and Bylaws.
Acceptance by Parent or the Surviving Corporation of partial payment of any Indemnity Payment shall be without prejudice to Parent's or the Surviving Corporation's right to claim the balance of any such Indemnity Payment.
However, the actual value of the Warrants will ultimately depend upon several market factors including, but not limited to, general market conditions and the Surviving Corporation's volatility and pro forma trading value, on which Xxxxxx Xxxxxxx has not separately opined.
In order to determine the Transaction Value for purposes of its opinion, Xxxxxx Xxxxxxx applied a range of multiples (ranging from 15x to 18x) to the Surviving Corporation's estimated 1995 earnings per share (which estimate gave effect to, among other things, the estimated combined net income of NHL and RBL, expected synergies, goodwill amortization and interest charges) to arrive at a range of projected market values for the shares of the Surviving Corporation.
In addition, because the borrowings outstanding under the Credit Agreement will bear interest at a floating rate, the Surviving Corporation's financial performance may be adversely affected by increases in interest rates.