Exchange Market Value means the Closing Price on the Trading Day following the date a holder of ZONES delivers an exchange notice to the Trustee, unless more than 500,000 ZONES have been delivered for exchange on such date. If more than 500,000 ZONES have been delivered for exchange, then the Exchange Market Value shall be the average Closing Price on the five Trading Days following such date. If more than 500,000 ZONES are delivered for exchange on any one day, the Company shall give notice of that fact by issuing a press release prior to 9:00 a.m. New York City time on the next Trading Day, by providing notice to DTC for dissemination through the DTC broadcast facility and by providing notice to the Trustee. The Company's failure to provide these notices, however, will not affect the determination of Exchange Market Value as described above.
Exchange Market Value means, for each Reference Share attributable to the Debentures at the date of determination, (a) in the case of a Notice of Exchange delivered to the Exchange Agent prior to March 14, 2002, the Closing Price for such Reference Share on the twentieth Trading Day following the Exchange Date (unless more than $1,000,000 aggregate Original Principal Amount of Debentures have been validly tendered for exchange on such date, in which case Exchange Market Value shall mean the average of the Closing Prices for such Reference Share over the five Trading Day period ending on the twentieth Trading Day immediately following the Exchange Date); and (b) in the case of a Notice of Exchange delivered to the Exchange Agent on or after March 14, 2002, the Closing Price for such Reference Share on the Trading Day following the Exchange Date (unless more than $1,000,000 aggregate Original Principal Amount of Debentures have been validly tendered for exchange on such date, in which case the Exchange Market Value shall mean the average of the Closing Prices for such Reference Share over the five Trading Day period immediately following the Exchange Date). The aggregate Exchange Market Value of the Reference Shares attributable to any Debenture for which a Notice of Exchange is delivered to the Trustee shall equal the sum of the Exchange Market Values of the Reference Shares attributable to such Debenture.
Exchange Market Value means the closing price (as defined below) on the trading day (as defined below) following the date of delivery of an exchange notice to the trustee, unless more than 500,000 ZONES have been delivered for exchange on that date. If more than 500,000 ZONES have been delivered for exchange, then the exchange market value shall be the average closing price on the five trading days following that date.
Examples of Exchange Market Value in a sentence
Performance Graph The following graph compares the cumulative 5-year total return to shareholders on Perini Corporation’s common stock relative to the cumulative total returns of the New York Stock Exchange Market Value Index (“NYSE”) and a Construction Peer Group.
Following the Exchange Date for an exchange of Debentures, all rights of the Holder with respect to such Debentures shall cease, except for the right of such Holder to receive 100% of the Exchange Market Value of the Reference Shares attributable to such Debentures.
If the maturity of the PHONES is extended to May 15, 2059, the Early Exchange Ratio shall be 100% and holders may exchange a PHONES at any time following May 15, 2029 for an amount of cash equal to the Exchange Market Value of the Reference Shares attributable to one PHONES.
PERFORMANCE GRAPH The following performance graph compares the Corporation’s cumulative total shareholder return on common shares for the last five fiscal years beginning December 31, 2003 to December 31, 2008 with the cumulative total shareholder return on the S&P/TSX Composite Index and the New York Stock Exchange Market Value (US and Foreign) Index.
Seaboard's common stock is traded on the American Stock Exchange, and one appropriate comparison is with the American Stock Exchange Market Value Index.
More Definitions of Exchange Market Value
Exchange Market Value means the Closing Price (as defined below) on the Trading Day following the date a Holder of PHONES delivers an Exchange Notice to the Trustee (an "Exchange Date"); provided, however, if Exchange Notices relating to more than 200,000 PHONES have been delivered on any Exchange Date, then the Exchange Market Value shall be the average Closing Price on the five (5) Trading Days following such Exchange Date. If Exchange Notices relating to more than 200,000 PHONES are delivered on any Exchange Date, the Trustee shall notify the Company of such fact by 6:00 p.m., New York City time, on the Exchange Date, and the Company shall give notice of such fact by issuing a press release prior to 9:00 a.m., New York City time, on the next Trading Day, which shall be provided to DTC for dissemination through the DTC broadcast facility and to the Trustee. The Company's failure to provide this
Exchange Market Value means the Closing Price (as defined below) on the Trading Day (as defined below) following the date you deliver an exchange notice to the Trustee, unless more than 1,000,000 PHONES have been delivered for exchange on such date. If more than 1,000,000 PHONES have been delivered for exchange, then the exchange market value shall be the average Closing Price on the five Trading Days following such date. If more than 1,000,000 PHONES are delivered for exchange on any one day, we will give notice of that fact by issuing a press release prior to 9:00 a.m. New York City time on the next Trading Day, by providing notice to DTC for dissemination through the DTC broadcast facility and by providing notice to the Trustee. Our failure to provide these notices, however, will not affect the determination of exchange market value as described above.
Exchange Market Value means the Closing Price (as defined below) on the Trading Day (as defined below) following the date you deliver an exchange notice to the Trustee, unless more than 1,000,000 PHONES have been delivered for exchange on such date. If more than 1,000,000 PHONES have been delivered for exchange, then the exchange market value shall be the average Closing Price on the five Trading Days following such date.
Exchange Market Value as defined in the Indenture.
Exchange Market Value has the meaning set forth in Section 401(b);
Exchange Market Value means the Closing Price of the Reference Shares attributable to one XXXX on the Trading Day following the date a Holder of XXXX exercises such right of exchange in accordance with Section 401(c) hereof, unless more than 500,000 XXXX have been delivered for exchange on such date. If more than 500,000 XXXX have been delivered for exchange, then the Exchange Market Value shall be the average Closing Price of the Reference Shares attributable to one XXXX on the five (5) Trading Days following such date. If more than 500,000 XXXX are delivered for exchange on any one day, the Company shall give notice of that fact by (i) issuing a press release prior to 9:00 a.m. New York City time on the next Trading Day, (ii) providing notice to DTC for dissemination through the DTC broadcast facility and (iii) providing notice to the Trustee. The Company's failure to provide these notices, however, shall not affect the determination of the Exchange Market Value as described above.
Exchange Market Value means the Closing Price of the Reference Shares attributable to one XXXX on the Trading Day following the date a Holder of XXXX delivers a completed Option to Exchange XXXX form to the Trustee, unless more than 500,000 XXXX have been delivered for exchange on such date. If more than 500,000 XXXX have been delivered for exchange, then the Exchange Market Value shall be the average Closing Price on the Reference Shares attributable to one XXXX on the five (5) Trading Days following such date. If more than 500,000 XXXX are delivered for exchange on any one day, the Company shall give notice of that fact by (i) issuing a press release prior to 9:00 a.m. New York City time on the next Trading Day, (ii) providing notice to DTC for dissemination through the DTC broadcast facility and (iii) providing notice to the Trustee. The Company's failure to provide these notices, however, shall not affect the determination of the Exchange Market Value as described above. So long as the XXXX are represented by a Global Security or Securities and held through DTC, a Holder of XXXX may exercise such right of exchange through the relevant direct participant in the DTC ATOP system by delivering an agent's message and delivering the Holder's XXXX to the Trustee's DTC participant account. If the XXXX are no longer represented by a Global Security or Securities but are held in certificated form, a Holder of XXXX may exercise such right of exchange as follows: the Holder shall (i) complete and manually sign an Option to Exchange XXXX form in the form attached to this Security or available from the Trustee and deliver a completed Option to Exchange XXXX form to the Trustee at the office maintained by the Trustee for such purpose, (ii) surrender the XXXX to the Trustee, (iii) if required, furnish appropriate endorsements and transfer documents, and (iv) if required, pay all transfer or similar taxes.