Enterprise Value

Enterprise Value. Shall mean DKK 24,000,000.

Enterprise Value. The number of shares of the Company's Common Stock outstanding multiplied by (i) the last reported sales price of a share of the Common Stock, regular way, or, in the event that no sale takes place on such date, the average of the reported closing bid and asked prices of a share of the Common Stock, regular way, in either case (x) on the principal national securities exchange on which the Common Stock is listed or admitted to trading, or (y) if not then listed or admitted to trading on any... national securities exchange, on the NASDAQ National Market System, (ii) if the Common Stock is not quoted on such National Market System, (x) the average of the closing bid and asked prices on such date of a share of Common Stock in the over-the-counter market as reported by NASDAQ, or (y) if bid and asked prices for a share of the Stock on such date shall not have been reported through NASDAQ, the average of the bid and asked prices for such date as furnished by any American or New York Stock Exchange member firm regularly making a market in the Common Stock selected for such purpose by the Board, (iii) if the Common Stock is not then listed or admitted to trading on any national exchange or quoted in the over-the-counter market, the fair value of a share of Common Stock determined by the Board in accordance with Treas. Reg. Section 1.409A-1(b)(5)(iv)(B)(l) or (iv) if the Enterprise Value is being determined in connection with a Change in Control, the price paid for a share of Common Stock in connection with such Change in Control, plus (b) the principal amount of indebtedness for borrowed money owed by the Company to a third party, minus (c) the amount of the Company's and its Subsidiaries' cash, cash equivalents or short term investments. View More

Enterprise Value. In the case of a Change in Control in which consideration is payable to the Company in respect of its assets or business, the total cash and non-cash (including, without limitation, the assumption of debt) consideration received by the Company, net of any fees and expenses in connection with the transaction; or in the case of a Change in Control in which consideration is payable to the Company's stockholders, the total cash and non-cash (including, without limitation, the assumption of debt)... consideration payable to the Company's stockholders net of any fees and expenses in connection with the transaction. "Enterprise Value" shall also include, if applicable, any cash or non-cash consideration payable to the Company or to the Company's stockholders on a contingent, earnout or deferred basis. To the extent that any consideration in a transaction is not received in cash upon the consummation of the Change in Control, the value of such non-cash consideration for purposes of calculating the Enterprise Value will be determined by the Board of Directors of the Company prior to the Change in Control in good faith. In the event that less than 100% of the stock or assets of the Company is purchased in the Change in Control transaction, the Enterprise Value shall be extrapolated from the percentage of the Company's capital stock or assets impacted in such Change in Control transaction to determine if the Enterprise Value Threshold (as hereinafter defined) was met, but the Sale Bonus (as hereinafter defined) shall be calculated based on the actual consideration received by the Company or shareholders, as the case may be. View More

Enterprise Value. Means (A) the product of (x) the number of issued and outstanding shares of Common Stock on the date the Company delivers (or by which it is obligated to deliver) the Major Transaction/Organic Change Notice (as defined in Section 3(c)) multiplied by (y) the Closing Price of the Common Stock on such date, plus (B) the amount of the Company's and its consolidated subsidiaries' debt as shown on the latest consolidated financial statements of the Company and its subsidiaries filed with the SEC (the... "Current Financial Statements"), plus (C) if applicable, the aggregate liquidation preference of each class of the Company's preferred shares, if any, less (D) the amount of cash and cash equivalents of the Company and its consolidated subsidiaries, as shown on the Current Financial Statements. View More