Exchange Multiple definition
Exchange Multiple means the product obtained from multiplying such quantity by the Exchange Ratio.
Exchange Multiple. Section 2.1(g)
Exchange Multiple of any quantity means the product obtained from multiplying such quantity by the Exchange Ratio, and the "Exchange Quotient" of any quantity means the quotient obtained from dividing such quantity by the Exchange Ratio. For purposes of this Agreement, the term "Subsidiary", when used with respect to any Person, means any corporation or other organization, whether incorporated or unincorporated, of which (A) at least a majority of the securities or other interests having by their terms ordinary voting power to elect a majority of the board of directors or others performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such Person (through ownership of securities, by contract or otherwise) or (B) such Person or any Subsidiary of such Person is a general partner of any general partnership or a manager of any limited liability company. For the purposes of this Agreement, the term "Person" means any individual, organization, corporation, partnership, joint venture, limited liability company, trust or entity of any kind.
Examples of Exchange Multiple in a sentence
Subject to the provisions of Section 2.1(a)(ii), the Corporation shall, and shall cause Amira India to, take all actions necessary so that, at all times for as long as this Agreement is in effect, one India Share is exchangeable for one ANFI Share multiplied by the Exchange Multiple, subject to compliance with all applicable laws and regulations and receipt of all necessary approvals from Government Entities, including those set forth in Section 2.1(c).
After the Corporation receives an Exchange Notice and prior to each Permitted Exchange Event, the board of directors of the Corporation shall in good faith determine the Exchange Multiple to be applied in calculating the amount of consideration to be issued to the exchanging Shareholder.
See Also: Understanding the Data From Your Serial Device Pre-Input Character Translation Table Sending Keystrokes Vs. Dynamic Data Exchange Multiple delimited data fields This record structure option specifies that your data records consist of two or more unique fields that should be parsed based on the position(s) of a delimiter character within each record.
More Definitions of Exchange Multiple
Exchange Multiple represents the ratio at which the India Shares will be exchanged for ANFI Shares, and is initially calculated as [ ], whereby each India Share will initially be exchanged for [ ] ANFI Shares, subject to adjustment by the board of directors of the Corporation upon receipt of an Exchange Notice, in the case of a Permitted Exchange Event pursuant to Section 2.1(a)(i), and subject to further adjustment by the board of directors of the Corporation pursuant to Sections 2.1(a)(ii) and 2.3. When adjusting or determining the Exchange Multiple, the board of directors of the Corporation shall in good faith attempt for the Exchange Multiple to represent ratio of the fair market value of Amira India and all of its Subsidiaries, on the one hand, as compared to the fair market value of the Corporation and its Subsidiaries, on the other.
Exchange Multiple of any quantity means the product obtained from multiplying such quantity by the Exchange Ratio, and the "EXCHANGE QUOTIENT" of any quantity means the quotient obtained from dividing such quantity by the Exchange Ratio.
Exchange Multiple of any quantity means the product obtained from multiplying such quantity by the Exchange Ratio, and the "EXCHANGE QUOTIENT" of any quantity means the quotient obtained from dividing such quantity by the Exchange Ratio. For purposes of this Agreement, (i) the term "SUBSIDIARY", when used with respect to any Person, means any corporation or other organization, whether incorporated or unincorporated, of which (A) at least a majority of the securities or other interests having by their terms ordinary voting power to elect a majority of the board of directors or others performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such Person (through ownership of securities, by contract or otherwise) or (B) such Person or any Subsidiary of such Person is a general partner of any general partnership or a manager of any limited liability company. For the purposes of this Agreement, the term "PERSON" means any individual, group, organization, corporation, partnership, joint venture, limited liability company, trust or entity of any kind.
Exchange Multiple of any quantity means the product obtained by multiplying such quantity by the Exchange Ratio, and the "Exchange Quotient" of any quantity means the quotient obtained from dividing such quantity by the Exchange Ratio. For purposes of this Agreement, the term "Subsidiary", when used with respect to any Person, means any corporation or other organization, whether incorporated or unincorporated, of which (A) at least a majority of the securities or other interests having by their terms ordinary voting power to elect a majority of the board of directors or others performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such Person
Exchange Multiple of any quantity means the product obtained from multiplying such quantity by 0.723 (the “Derivative Exchange Ratio”), and the “Exchange Quotient” of any quantity means the quotient obtained from dividing such quantity by the Derivative Exchange Ratio. For purposes of this Agreement, the term “Subsidiary”, when used with respect to any Person, means any corporation or other organization, whether incorporated or unincorporated, of which (A) at least a majority of the securities or other interests having by their terms ordinary voting power to elect a majority of the board of directors or others performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such Person (through ownership of securities, by contract or otherwise) or (B) such Person or any Subsidiary of such Person is a general partner of any general partnership or a manager of any limited liability company. For the purposes of this Agreement, the term “Person” means any individual, group, organization, corporation, partnership, joint venture, limited liability company, trust or entity of any kind.
Exchange Multiple of any quantity means the product obtained from multiplying such quantity by the Exchange Ratio, and the "EXCHANGE QUOTIENT" of any quantity means the quotient obtained from dividing such quantity by the Exchange Ratio. For purposes of this Agreement, the term "SUBSIDIARY", when used with respect to any Person, means any corporation or other organization, whether incorporated or unincorporated, of which (A) at least a majority of the securities or other interests having by their terms ordinary voting power to elect a majority of the board of directors or others performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such Person (through ownership of securities, by contract or otherwise) or (B) such Person or any Subsidiary of such Person is a general partner of any general partnership or a manager of any limited liability company. For the purposes of this Agreement, the term "PERSON" means any individual, group, organization, corporation, partnership, joint venture, limited liability company, trust or entity of any kind.
Exchange Multiple subject to downward adjustment pursuant the provision set forth in Section 2.4.1 of this Agreement, sixty percent.