Common use of Current Market Value Clause in Contracts

Current Market Value. As used herein, the term "Current Market Value" per share of Common Stock or any other security at any date means, on any date of determination (a) the average of the daily closing sale prices for each of the fifteen (15) business days immediately preceding such date (or such shorter number of days during which such security has been listed or traded), if the security has been listed on the New York Stock Exchange, the American Stock Exchange, or other national securities exchanges or the NASDAQ National Market for at least ten (10) business days prior to such date, (b) if such security is not so listed or traded, the average of the daily closing bid prices for each of the fifteen (15) business days immediately preceding such date (or such shorter number of days during which such security had been quoted), if the security has been quoted on a national over-the-counter market for at least ten (10) business days, and (e) otherwise, the fair value of the security most recently determined as of a date within the six months preceding such day by the Board of Directors of the Company.