Converted Value definition
Examples of Converted Value in a sentence
The converted value ("Converted Value") shall be represented by one or more Alternative Investments (as hereafter defined) selected by Executive.
If, by the end of such thirty-day period, no agreement as to the As Converted Value has been reached, the As Converted Value shall be determined by an appraisal, as provided in Section 2(b) above, the cost of which shall be paid as provided therein.
The party whose final estimate is not selected as the As Converted Value shall pay the cost of the appraisal.
During the five-day period commencing with its receipt of such notice, BB&T shall have the option, in the case of a failure to satisfy the condition in clause (1), to elect to increase the Exchange Ratio to a number such that the Converted Value is no less than $27.00.
On such date, Valoria and CTI shall each submit to the Appraiser a final estimate of the As Converted Value, and, within 60 days of such submission, the Appraiser shall determine which of such two estimates is closer to the As Converted Value as determined by the Appraiser and such closer estimate shall be deemed to be the As Converted Value.
Within 30 days after the determination of the As Converted Value, CTI shall pay to Valoria the aggregate purchase price (in cash or CTI Common Stock) indicated in Section 4(c) (the date of such payment being referred to herein as the "Put Closing Date").
All disputes, differences, controversies or claims arising in connection with, or questions occurring under, this Agreement shall be settled as provided in Exhibit B, except for the determination of As Converted Value, which shall be conclusively determined as provided for in Section 2.
CTI and Valoria shall have 30 days from the Notice Date to agree upon the As Converted Value.
If, by the end of such thirty-day period, no agreement as to the As Converted Value has been reached, the As Converted Value shall be determined by an appraisal.