Disposition Proceeds

Disposition Proceeds. Means (i) in the case of a merger or any other stock transaction, (A) the average price per share received by the holders of Common Stock or by the Company or its Subsidiaries in connection with such transaction, multiplied by (B) the sum of (x) the total number of shares of Common Stock then outstanding, plus (y) the total number of shares of Common Stock issuable upon exercise or conversion of any then outstanding and exercisable warrants, options or convertible securities pursuant to which... the Company is then obligated to issue shares of Common Stock, or (ii) in the case of any liquidation or sale of assets (including, without limitation, the sale by the Company of the capital stock of its Subsidiaries), the Net Worth of the Common Stock of the Company immediately prior to such liquidation or immediately after such sale. View More