Additional Share Consideration definition
Examples of Additional Share Consideration in a sentence
If Purchaser issues shares of Purchaser Stock to Gilat Israel pursuant to this Section 2.4 (the "Additional Share Consideration"), on the date of such issuance, Purchaser shall deliver to Gilat Israel the certificates representing the Additional Share Consideration, together with such other documents as Gilat Israel may reasonably request to evidence the transfer to Gilat Israel of good title in and to the Additional Share Consideration, free and clear of any Liens.
The Parties agree that Gilat Israel shall have the right to assign all or part of its right to the Additional Share Consideration under Section 2.4(a) and (b) hereof, as well as the delivery of the certificates representing the Additional Share Consideration under Section 2.4(c) hereof, to any of its Affiliates and/or StarBand.
The term Merger Consideration shall mean the Share Consideration, together with (if applicable) the Additional Share Consideration.
Notwithstanding anything to the contrary set forth herein, the Parties agree that upon Purchaser's completion of a Qualified Sale, Purchaser shall have no further obligation to issue any Additional Share Consideration to Gilat Israel under this Section 2.4 after the date of such Qualified Sale.
In addition, in the event that Parent pays one or more Parent Quarterly Dividend(s) as contemplated by Section 6.2(b)(i), then at the Effective Time each Eligible Share shall receive the Additional Share Consideration, such that the Eligible Shares receive substantially equivalent aggregate value as compared to the aggregate amount of any Parent Quarterly Dividend(s).
CLM can exercise the Option by making $2,000,000 in cash payments, issuing 12,000,000 Shares of CLM, making $8,000,000 in Expenditures in accordance with the provisions of Section 3 and granting the Additional Share Consideration and the NSR in accordance with the terms of this Option Agreement (the “Option Consideration”).
The Additional Share Consideration (if any) shall be issued to the Selling Shareholders and (on behalf of the Company) the Option Holders’ Representative as set forth opposite their respective names in the Third Installment Allocation Schedule.
Notwithstanding anything to the contrary set forth herein, the Parties agree that upon Purchaser's completion of a Qualified Public Offering, Purchaser shall have no further obligation to issue any Additional Share Consideration to Gilat under this Section 2.4 after the date of such Qualified Public Offering.
The "Additional Share Consideration" means the amount per share, if any, equal to (1) $34.00 multiplied by (2) 8% multiplied by (3) the quotient obtained by dividing the number of days elapsed from and excluding January 1, 2008 to and including the Closing Date by 365.
Such notice shall describe, in reasonable detail, the basis for the release of and calculation of the Additional Share Consideration to Seller.