Weighted Average Trading Price definition

Weighted Average Trading Price means, with respect to any security on a stock exchange or quotation service during a specified period, the quotient obtained by dividing (i) the aggregate sale price of all such securities sold on such stock exchange or quotation service during such period by (ii) the total number of such securities sold on such stock exchange or quotation service during such period, as determined from time to time by the Board of Directors, or upon request of the Board of Directors, as determined by an Independent Member of the IIROC for such purpose;

Weighted Average Trading Price means, for any Trading Day, the ------------------------------ number obtained by dividing (i) the sum of the products, for each sale of Common Shares on such Trading Day, of (a) the sale price per Common Share and (b) the number of Common Shares sold by (ii) the total number of Common Shares sold on such Trading Day.

Weighted Average Trading Price means the volume weighted average sales price per share of Class A Common Stock as reported by Bloomberg Information Systems, Inc.; provided, however, if there shall occur any adjustment to the Conversion Price as a result of Section 7(b)(iv) below, the Weighted Average Trading Price shall be proportionally adjusted to the extent not so reflected in the report of Bloomberg Information Systems, Inc.

Examples of Weighted Average Trading Price in a sentence

• The increase in the Exchange Ratio is calculated by multiplying the Baytex Energy Trust Distribution per Unit by the Opening Exchange Ratio and dividing by the Five-day Weighted Average Trading Price of BTE.UN.A holder of Baytex Energy Ltd.

• The increase in the exchange ratio is calculated by multiplying the StarPoint Energy Trust Distribution per Unit by the opening exchange ratio and dividing by the Ten-day Weighted Average Trading Price of SPN.UN.

• The number of Common Shares to be issued by the Corporation on the Maturity Date, in satisfaction of its obligations under this Section 6.10 shall be equal to the quotient resulting from dividing the Principal Sum to be satisfied by the issuance of Common Shares by 95% of the Twenty Day Weighted Average Trading Price for the period ending on the fifth Trading Day immediately prior to the Maturity Date.

• As used herein, the Common Fair Market Value shall equal (A) the Weighted Average Trading Price (as defined in the Purchase Agreement) during the 10 trading days immediately prior to the date of the Redemption Notice or (B) if the Class A Common Stock is not traded on a national securities exchange or Nasdaq, then as determined reasonably and in good faith by the Board of Directors.

• If dividends are paid in Series G Preferred Stock, the number of shares of Series G Preferred Stock due will be calculated by dividing the amount of dividends due by the Sixty-Day Weighted Average Trading Price for the sixty trading days ending on the earlier of the Conversion Date or each anniversary of the issuance of the Series G Preferred Stock.

More Definitions of Weighted Average Trading Price

Weighted Average Trading Price means, for any Trading Day, the number obtained by dividing (i) the sum of the products, for each sale of Common Shares on such Trading Day, of (a) the sale price per Common Share and (b) the number of Common Shares sold by (ii) the total number of Common Shares sold on such Trading Day.

Weighted Average Trading Price means, with respect to the Common Shares traded during a specified period, the quotient obtained by dividing (i) the aggregate sale price of all Common Shares sold on the Exchange during such period by (ii) the total number of Common Shares sold on the Exchange during such period, as determined from time to time by the Corporation based on the trading statistics for such period issued by the Exchange or, upon the request of the Holder, as determined by an independent member of the Investment Dealers Association of Canada.

Weighted Average Trading Price means the weighted average trading price of the Common Shares on the Applicable Stock Exchange for the five trading days on which such shares are traded immediately preceding the Determination Date.

Weighted Average Trading Price means, for any period, the number obtained by dividing (i) the sum of the products, for each sale of Common Shares on each Trading Day in such period, of (a) the sale price per Common Share and (b) the number of Common Shares sold by (ii) the total number of Common Shares sold during such period.

Weighted Average Trading Price means the volume weighted average sales price per share of Class A Common Stock as reported by Bloomberg Information Systems, Inc.; provided, however, if there shall occur any adjustment to the Conversion Price (as defined in the Series A Designation) as set forth in Section 7(b)(iv) of the Series A Designation, the Weighted Average Trading Price shall be proportionally adjusted to the extent not so reflected in the report of Bloomberg Information Systems, Inc.

Weighted Average Trading Price means, with respect to any security on a stock exchange or quotation service during a specified period, the quotient obtained by dividing (i) the aggregate sale price of all such securities sold on such stock exchange or quotation service during such period by (ii) the total number of such securities sold on such stock exchange or quotation service during such period, as determined from time to time by the board of directors of the Issuer, or upon request of the board of directors of the Issuer, as determined by an independent member of the Investment Industry Regulatory Organization of Canada for such purpose. Conversion Conversion Privilege Each Debenture will be convertible at the option of the Debentureholder at any time prior to the close of business on the earlier of the business day immediately preceding the Maturity Date or, if called for redemption, on the business day immediately preceding the date fixed for redemption, into 100 Common Shares for each $1,000 principal amount of Debentures, representing a conversion price of $10.00 per Common Share (a conversion premium of approximately 38.3%, based on the closing price of the Common Shares on the TSX on August 1 2018, the day the Offering was publically announced), subject to adjustment in accordance with the terms of the Indenture. Debentureholders converting their Debentures will be entitled to receive accrued and unpaid interest up to but excluding the date of conversion. No fraction of a Common Share will be issued upon conversion of the Debentures. In lieu of such fraction of a Common Share, if such a fraction shall become owing, the Debentureholder will receive a cash payment which will be determined according to the then Current Market Price (as defined herein) of such fraction of a Common Share. For a summary of the principal Canadian federal income tax treatment of Debentureholders receiving Common Shares upon conversion, see “Principal Canadian Federal Income Tax Considerations”. Adjustment Subject to the provisions thereof, the Indenture will provide for the adjustment of the Conversion Price in certain events, including:

Weighted Average Trading Price means the average trading price determined by multiplying the number of shares involved in each individual trade during the period of determination by the sale price for that trade and dividing the sum of all those amounts by the total number of shares traded during the relevant period of determination. Repayment of this Loan shall be made pursuant to the terms of the Note. At the time of each advance pursuant to this Agreement, Honview shall annotate the Note to indicate the amount of the advance and the date of the advance.