Calculation of Exchange Rate. For purposes of this Agreement, the "Exchange Rate" will be the quotient (rounded to the nearest hundredth) of (a) the quotient (rounded to the nearest hundredth) of the Merger Consideration divided by three times the TCI Music Series A Common Stock Value, divided by (b) the number of shares of Company Common Stock outstanding immediately prior to the Effective Time, less the number of shares of Company Common Stock that are Dissenting Shares.
Appears in 2 contracts
Sources: Merger Agreement (Video Jukebox Network Inc), Merger Agreement (Tci Music Inc)