Common use of Share of Grossed Up Closing Payment Clause in Contracts

Share of Grossed Up Closing Payment. An amount in cash equal to: (1) the Series A Preference Per Share Amount; plus (2) the product of (x) the Residual Per FD Share Amount, multiplied by (y) the Series A Conversion Ratio; minus (3) the product of (x) Escrow Contribution Amount Per FD Non-Dissenting Share, multiplied by (y) the Series A Conversion Ratio; minus (4) the product of (x) Stockholders Expense Escrow Contribution Amount Per FD Non-Dissenting Share, multiplied by (y) the Series A Conversion Ratio.

Appears in 1 contract

Sources: Agreement of Investment and Merger (Techne Corp /Mn/)

Share of Grossed Up Closing Payment. An amount in cash equal to: (1) the Series A C Preference Per Share Amount; plus (2) the product of (x) the Residual Per FD Share Amount, multiplied by (y) the Series A C Conversion Ratio; minus (3) the product of (x) Escrow Contribution Amount Per FD Non-Dissenting Share, multiplied by (y) the Series A C Conversion Ratio; minus (4) the product of (x) Stockholders Expense Escrow Contribution Amount Per FD Non-Dissenting Share, multiplied by (y) the Series A C Conversion Ratio.

Appears in 1 contract

Sources: Agreement of Investment and Merger (Techne Corp /Mn/)

Share of Grossed Up Closing Payment. An amount in cash equal to: (1) the Series A B Preference Per Share Amount; plus (2) the product of (x) the Residual Per FD Share Amount, multiplied by (y) the Series A B Conversion Ratio; minus (3) the product of (x) Escrow Contribution Amount Per FD Non-Dissenting Share, multiplied by (y) the Series A B Conversion Ratio; minus (4) the product of (x) Stockholders Expense Escrow Contribution Amount Per FD Non-Dissenting Share, multiplied by (y) the Series A B Conversion Ratio.

Appears in 1 contract

Sources: Agreement of Investment and Merger (Techne Corp /Mn/)

Share of Grossed Up Closing Payment. An amount in cash equal to: (1) the Series A D Preference Per Share Amount; plus (2) the product of (x) the Residual Per FD Share Amount, multiplied by (y) the Series A D Conversion Ratio; minus (3) the product of (x) Escrow Contribution Amount Per FD Non-Dissenting Share, multiplied by (y) the Series A D Conversion Ratio; minus (4) the product of (x) Stockholders Expense Escrow Contribution Amount Per FD Non-Dissenting Share, multiplied by (y) the Series A D Conversion Ratio.

Appears in 1 contract

Sources: Agreement of Investment and Merger (Techne Corp /Mn/)