Common use of Exchange Ratio Adjustments Clause in Contracts

Exchange Ratio Adjustments. Not less than five (5) business days prior to the Closing, (i) ▇▇▇▇▇▇ shall provide to ▇▇▇▇▇▇ its calculation, certified by its Chief Financial Officer, as to whether a ▇▇▇▇▇▇ Exchange Ratio Adjustment Event has occurred, and (ii) ▇▇▇▇▇▇ shall provide to ▇▇▇▇▇▇ its calculation, certified by its Chief Financial Officer, as to the amount of NAM Net Debt, in each case together with supporting documentation setting forth in reasonable detail its calculations with respect thereto (such certifications, together with such supporting documentation, the “▇▇▇▇▇▇ Net Debt Certificate” and the “NAM Net Debt Certificate”, respectively). Each of ▇▇▇▇▇▇ and ▇▇▇▇▇▇ shall cooperate with the other in connection with the review of such documentation and calculations.

Appears in 2 contracts

Sources: Merger Agreement (Forbes Energy Services Ltd.), Merger Agreement (Superior Energy Services Inc)