Common use of Per Share Price Clause in Contracts

Per Share Price. = --------------------------------------------------- US$60,000,000 where: T2adj = the product of US$20,000,000 and the average of T2adjA, T2adjB and T2adjC; T2adjA = the lesser of (i) 1 and (ii) a fraction, where (x) the numerator is equal to the excess, if any, of Net Revenue for the year ending December 31, 2004, over RMBY540,000,000 and (y) the denominator is RMBY225,000,000; T2adjB = the lesser of (i) 1 and (ii) a fraction, where (x) the numerator is equal to the excess, if any, of EBITDA for the year ending December 31, 2004, over RMBY18,600,000 and (y) the denominator is RMBY7,750,000; and T2adjC = the lesser of (i) 1 and (ii) a fraction, where (x) the numerator is equal to the excess, if any, of EBIT for the year ending December 31, 2004, over RMBY5,100,000 and (y) the denominator is RMBY2,125,000. The Company shall cause the Auditors to certify Net Revenue, EBITDA and EBIT for the year ending December 31, 2004 within ninety (90) days after the end of such year.

Appears in 1 contract

Sources: Securities Purchase Agreement (China Nepstar Chain Drugstore Ltd.)

Per Share Price. Diluted Per Share Price = --------------------------------------------------- ------------------------------------------------- US$60,000,000 where: T2adj Adj = the product of US$20,000,000 and the average of T2adjAAdjA, T2adjB AdjB and T2adjCAdjC; T2adjA AdjA = the lesser of (i) 1 and (ii) a fraction, where (x) the numerator is equal to the excess, if any, of Net Revenue for the year ending December 31, 2004, over RMBY540,000,000 and (y) the denominator is RMBY225,000,000; T2adjB AdjB = the lesser of (i) 1 and (ii) a fraction, where (x) the numerator is equal to the excess, if any, of EBITDA for the year ending December 31, 2004, over RMBY18,600,000 and (y) the denominator is RMBY7,750,000; and T2adjC AdjC = the lesser of (i) 1 and (ii) a fraction, where (x) the numerator is equal to the excess, if any, of EBIT for the year ending December 31, 2004, over RMBY5,100,000 and (y) the denominator is RMBY2,125,000. The Company shall cause the Auditors to certify Net Revenue, EBITDA and EBIT for the year ending December 31, 2004 within ninety (90) days after the end of such year.

Appears in 1 contract

Sources: Securities Purchase Agreement (China Nepstar Chain Drugstore Ltd.)