Examples of 30-Day VWAP in a sentence
On or after the date that is six (6) months after the date hereof, all or a portion of the outstanding principal and any accrued but unpaid interest hereunder (the “Conversion Amount”) shall be convertible, at the option of the Holder upon notice to the Company, into shares of the Class A Common Stock, par value $0.01 per share (the “Class A Stock”), of the Company, at a conversion price equal to the 30-Day VWAP of the Class A Stock determined as of the Conversion Date.
Date Acquiror Target Value ($bn) Pre-Txn 1-Day Prior 30-Day VWAP 52-Wk High Nov-19 Kyocera AVX $3.0 72% 45% 40% 16% Jun-18 Roche Foundation Medicine 5.1 57% 29% 47% 28% Nov-12 Danfoss Sauer-Danfoss 2.6 76% 49% 48% 5% Jul-08 Roche Genentech 97.8 56% 16% 24% 16% Feb-05 Novartis Eon Labs 2.6 68% 11% 17% (30%) Jan-05 Danisco Genencor International 1.2 84% 24% 19% -- Jan-05 News Corp.
Subject to the terms and conditions of this letter agreement, at the Closing (as defined below) Seller will sell, assign, transfer and convey to Purchasers, and Purchasers will purchase, the Securities for an aggregate purchase price of the 30-Day VWAP multiplied by 1,630,800 (the “Purchase Price”).
On or after the date that is six (6) months after the date of the Original Note, all or a portion of the outstanding principal and any accrued but unpaid interest hereunder (the “Conversion Amount”) shall be convertible, at the option of the Holder upon notice to the Company, into shares of the Class A Common Stock, par value $0.01 per share (the “Class A Stock”), of the Company, at a conversion price equal to the 30-Day VWAP of the Class A Stock determined as of the Conversion Date.
If an Upward Acceleration Exchange Adjustment Amount exists, SSG shall promptly deliver or cause STEP to deliver to the Seller (i) the Holdback, (ii) cash equal to the Fractional Equity Payment, and (iii) a number of issued Consideration Securities (rounded down to the nearest whole Consideration Security) equal to (x) the Upward Acceleration Exchange Adjustment Amount (net of any Downward Adjustment carried forward pursuant to Section 1.5(c)), divided by (y) the STEP 30-Day VWAP.