Average Trading Price Clause Samples
The Average Trading Price clause defines how the average price of a security or asset is calculated over a specified period, typically for the purpose of determining settlement amounts, conversion rates, or triggering certain contractual provisions. This clause usually outlines the exact time frame and the method for averaging, such as using the closing prices over the last 30 trading days. By establishing a clear and objective method for price calculation, the clause helps prevent disputes and ensures fairness in financial transactions that depend on market values.
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Average Trading Price. The Average Trading Price on the Closing Date shall be greater than $10 per share of Acquiror Common Stock; PROVIDED, HOWEVER, that if between the date of this Merger Agreement and the Closing Date the outstanding shares of Acquiror Common Stock shall have been changed into a different number of shares or a different class by reason of any stock dividend, subdivision, reclassification, recapitalization, split, combination or exchange of shares, then such dollar figure shall be appropriately and correspondingly adjusted to reflect such stock dividend, subdivision, reclassification, recapitalization, split, combination or exchange of shares.
Average Trading Price. The term “
Average Trading Price. SECTION 1.6(b) BHCA................................................. SECTION 2.1(a) Blue Sky Laws........................................ SECTION 2.5(b) Business Day......................................... SECTION 9.3(b) Certificates......................................... SECTION 1.7(b) Code.................................................
Average Trading Price. The definition of Average Trading Price, set forth in Annex C to the Purchase Agreement, is hereby amended and restated in its entirety as follows: "Average Trading Price" means, as of a specified date, the average of the daily closing prices of AlliedSignal Common Stock as reported on the NYSE Composite Tape on each of the twenty (20) consecutive trading days immediately preceding (and not including) such date.
Average Trading Price. “Average Trading Price” shall mean the average of the closing sale prices of a share of Parent Common Stock as reported on the Over-the-Counter Bulletin Board (or any securities exchange on which the Parent Common Stock is then traded) for each of the twenty (20) consecutive trading days ending on the trading date immediately prior to the date of determination.
Average Trading Price. As used herein, “ADSX Average Trading Price” shall mean the average closing price per share of the Common Stock as reported on The NASDAQ Capital Market (or, if the Common Stock is not then listed or quoted and traded on The NASDAQ Capital Market, then the over-the-counter or other market on which the Common Stock is traded) for the 10 consecutive trading day period preceding the applicable date.
Average Trading Price. 7.1(j) Benefit Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.1(l)(xi) Certificate of Merger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.1 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.3(b) Closing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Average Trading Price. The term “Average Trading Price” has the meaning set forth in Section 1.03(a)(i).
Average Trading Price. For purposes ofthis Subscription Agreement, the "Average Trading Price" of the Common Stock of the Company as of a particular date shall be determined as follows: (i) if traded on a securities exchange or through the Nasdaq Capital Market or the Nasdaq Global Select Market ("Trading Market"), the daily volume weighted average closing price of the Common Stock on the Trading Market on which the Common Stock is then listed or quoted for trading as reported by Bloomberg L.P. (based on a trading day from 9:30 a.m. (New York City time) to 4:00 p.m. (New York City time) ("Trading Day")) during the Adjustment Period; (ii) if traded on the OTC Bulletin Board, the volume weighted average closing price of the Common Stock during the Adjustment Period; and (iii) if the Common Stock is not then quoted for trading on the OTC Bulletin Board and if prices for the Common Stock are then reported in the "Pink Sheets" published by Pink Sheets, LLC (or a similar organization or agency succeeding to its functions of reporting prices), the volume weighted average closing price of the Common Stock during the Adjustment Period.
Average Trading Price. With respect to the Charter Class A Common Stock, the average for the Valuation Period of (i) the last reported sales prices, regular way, as reported on the principal national securities exchange on which such securities are listed or admitted for trading on each Trading Day during the Valuation Period or (ii) if such securities are not listed or admitted for trading on any national securities exchange, the last reported sales prices, regular way, as reported on the Nasdaq National Market or, if such securities are not listed on the Nasdaq National Market, the average of the highest bid and lowest asked prices on each such Trading Day as reported on the Nasdaq Stock Market, or (iii) if such securities are not listed or admitted to trading on any national securities exchange, the Nasdaq National Market or the Nasdaq Stock Market, the average of the highest bid and lowest asked prices on each such Trading Day in the domestic over-the-counter market as reported by the National Quotation Bureau, Incorporated, or any similar successor organization (subject to adjustments to prevent dilution as provided in Section 3.2).