Adjusted Market Capitalization definition
Adjusted Market Capitalization means the Market Capitalization multiplied by the Market Capitalization Factor (both as defined below).
Adjusted Market Capitalization means, for purposes of calculating the Base Management Fee: the product of (1) the Fair Market Value of Common Stock, multiplied by (2) the sum of (a) the Outstanding Common Stock, plus (b) the maximum number of Common Stock Equivalents, minus (3) the aggregate consideration payable to the Company on the applicable date upon the redemption, exercise, conversion and/or exchange of any Common Stock Equivalents, plus the product of (x) the Fair Market Value of Preferred Stock multiplied by (y) the Outstanding Preferred Stock.
Adjusted Market Capitalization means
(i) the Fair Market Value of one share of Common Stock multiplied by the number of shares of Common Stock issued and outstanding; plus
(ii) the Fair Market Value of one share of Common Stock multiplied by the maximum number of shares of Common Stock issuable pursuant to any outstanding Options or Convertible Securities that are In-the-Money (excluding (1) units of limited partnership interest of the Operating Partnership (including long-term incentive units of the Operating Partnership) and units of associate general partnership interests of the Operating Partners, and (2) shares of Preferred Stock that are otherwise included in the calculation of Adjusted Market Capitalization pursuant to clause (iv) below); less
(iii) the aggregate consideration payable to the Company upon the exercise, conversion and/or exchange of the Options or Convertible Securities referred to in clause (ii) above; plus
(iv) the Fair Market Value of one share of Preferred Stock multiplied by the number of shares of such Preferred Stock issued and outstanding.
More Definitions of Adjusted Market Capitalization
Adjusted Market Capitalization for any period shall mean the product of (a) the average aggregate number of shares of the Company’s Common Stock outstanding on each trading day during such period multiplied by (b) the Volume Weighted Average Market Price during such period. As used in this definition, “Volume Weighted Average Market Price” for any period means the quotient of (i) the aggregate purchase price before brokerage commissions paid by buyers for shares of the Company’s Common Stock that were purchased by them in the public market during such period divided by (ii) the total number of shares of the Company’s Common Stock publicly traded during such period. An example illustrating the method to be used to calculate the Adjusted Market Capitalization is set forth on attached Exhibit II hereto.