Formula Price definition

Formula Price means the highest of: (a) the highest composite daily closing price of the Stock during the period beginning on the 60th calendar day prior to the Change of Control and ending on the date of such Change of Control, (b) the highest gross price paid for the Stock during the same period of time, as reported in a report on Schedule 13D filed with the Securities and Exchange Commission, or (c) the highest gross price paid or to be paid for a share of Stock (whether by way of exchange, conversion, distribution upon merger, liquidation or otherwise) in any of the transactions set forth in Section 9 of the Plan as constituting a Change of Control; provided that in the case of the exercise of any such Right related to an Incentive Stock Option, “Formula Price” shall mean the Fair Market Value of the Stock at the time of such exercise.

Formula Price as of any date means the value per share of Common Stock in effect on that date, as determined by the Board.

Formula Price means the product of 92.5% ------------- times the mean average of the 15 closing sale prices of the Common Stock, as reported by the Nasdaq National Market, for the 15 consecutive trading days ending on and including June 17, 1999; i.e., the Formula Price is $3.973.

Examples of Formula Price in a sentence

• MT5 Trading Platform Formula: Price difference * Contract size * net volume.

• TheBase Price plus the Inflation Adjustment shall be the Formula Price.

• The Purchase Option Price shall be the lesser of (a) the value of the Home (consisting of improvements only) as determined by the Appraisal commissioned and conducted as provided in 10.5 above or (b) the price calculated in accordance with the formula described below (the Formula Price).10.10 HOW THE FORMULA PRICE IS CALCULATED: The Formula Price shall be equal to Homeowner’s Base Price, as stated below, plus 25% of the increase in market value of the Home, if any, calculated in the way described below.

• If the objective of the approved investment is the exploitation of a public service or a natural resource, or the construction and exploitation of a public work, the Executive Committee of the Council of Ministers may grant the corresponding administrative concession, under the terms and conditions it establishes.

• The Florida Hous- ing Coalition recommends that:P When a CLT homeowner wishes to sell their home, they should notify the CLT of their intent to sell ac- cording to the ground lease.P Upon receiving notice, the CLT should execute a purchase and sale agreement with the homeowner for the Formula Price in the ground lease.P The CLT should identify a buyer for the property.

More Definitions of Formula Price

Formula Price has the meaning set forth in Section 3.4 (a).

Formula Price means the lower of: (i) the Market Price; and (ii) the Closing Price on the Commencement Date, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

Formula Price means the price per share of Common Stock as established by the Board from time to time.

Formula Price means the sum of the following amounts:

Formula Price means the greater of (I) the aggregate principal amount of the applicable Convertible Notes or the liquidation preference of the Preferred Shares, as applicable, being repaid through the date of consummation of the prepayment (as specified in Section 3.6 below) and (II) the sum of (x) the product of (i) the number of shares of Common Stock into which the Convertible Instruments being redeemed are then convertible at the then current Conversion Price and (ii) the average Closing Bid Price for the five (5) Trading Days ending two (2) Business Days immediately preceding the applicable date of consummation of the redemption as specified in Section 3.6 below, and (y) the applicable amount of accrued but unpaid interest on the Convertible Notes or dividends on the Preferred Shares, as applicable, being repaid through the date of consummation of the prepayment (as specified in Section 3.6 below)."

Formula Price means, with respect to any day:

Formula Price means the Fair Market Value of the Stock at the time of such exercise.