Examples of Total Share Consideration in a sentence
For purposes of clarity, the calculation of the “Per Share Closing Stock Consideration,” “Liquidation Preference Top-Up Share Number” and the “Liquidation Preference Top-Up Shares” shall be performed using an iterative calculation in order to take into account the reduction to the Total Share Consideration resulting from the reduction of such amount by the Liquidation Preference Top-Up Shares.
The Company acknowledges and agrees that the Total Share Consideration is being allocated among the MIC Security Holders in accordance with the schedule set forth on Schedule 2.5 (the “Transaction Consideration Schedule”).
The Acquiror shall be entitled to conclusively rely on the Transaction Consideration Schedule (as updated prior to the Closing Date), and neither the Acquiror nor its Affiliates shall have any Liability with respect to the allocation of the Total Share Consideration among the MIC Security Holders or the calculation of the number of shares of Surviving Pubco Shares subject to, or the exercise price per share of Surviving Pubco Shares of (as applicable), Surviving Pubco Warrants under this Agreement.
From and after the Closing, subject to the terms and conditions of this Agreement, the Sellers shall, severally in accordance with the percentage of Total Share Consideration and Cash Consideration allocated to each Seller in accordance with Schedule A, indemnify, defend and hold harmless the Managers from and against any indemnification obligation of the Managers to the Purchaser Indemnitees pursuant to Section 8.3.
Sellers and Purchaser agree to share in the Shared Transaction Costs, and each Seller agrees that its allocable share of such Shared Transaction Costs shall be deducted from the Total Share Consideration otherwise allocable to such Seller, as provided in Section 2.1(b) and Schedule A.