Examples of Closing Market Price in a sentence
No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant, but in lieu of such fractional shares the Company shall make a cash payment therefor upon the basis of the Closing Market Price per share of the Class A Common Stock on the Exercise Date for such exercise.
A = the Closing Market Price per share of the Class A Common Stock on the Exercise Date.
For purposes of such automatic exercise, the Closing Market Price per share of the Class A Common Stock on the date of such expiration shall be used when calculating the Net Issuance amount in accordance with Section 3(a).
For purposes of this Agreement, the term "Closing Market Price" means the price at which the Corporation's Common Stock was last sold in the principal United States market for such Common Stock as of the Award Date.
During any such period, the registered holder or the registered holder's representative or estate, as the case may be, may convert the entire principal amount of the debenture plus a cash payment equal to the product of multiplied by the Average Closing Market Price on the Conversion Date, into ( ) shares of Common Stock, subject to adjustment upon the occurrence of certain events as provided in the Indenture.