Adjusted Market Price definition

Adjusted Market Price means, for any given date, the lesser of (i) the initial Exercise Price and (ii) the quotient of (x) the sum of the VWAP of the Common Stock for each of the Trading Days during the ten (10) consecutive Trading Day period ending and including the Trading Day immediately prior to such given date, divided by (y) ten (10) (such period, the “Adjusted Market Price Measuring Period”). All such determinations to be appropriately adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions during such Adjusted Market Price Measuring Period.

Adjusted Market Price means, for any given date, the greater of (i) $0.12 (as adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions ) and (ii) the lesser of (x) the initial Conversion Price and (y) 75% of the quotient of (I) the sum of the VWAP of the Common Stock for each of the Trading Days during the twenty-five (25) consecutive Trading Day period ending and including the Trading Day immediately prior to such given date, divided by (II) twenty-five (25) (such period, the “Adjusted Market Price Measuring Period”). All such determinations to be appropriately adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions during such Adjusted Market Price Measuring Period.

Adjusted Market Price. (a) Market Price times (b) {****}.

Examples of Adjusted Market Price in a sentence

• If immediately following the close of business on the second anniversary of the Issuance Date (the “Adjustment Date”), the Exercise Price then in effect exceeds the Adjusted Market Price (the “Adjusted Exercise Price”), the Exercise Price hereunder shall be reset to the Adjusted Exercise Price as of the Adjustment Date.

• If the Price Adjusted Market Price is less than the Exercise Price in effect on the Issuance Date, then on December 22, 2010, the Exercise Price then in effect shall be reduced (but in no event increased) to 120% of the Price Adjusted Market Price, provided that the Exercise Price shall not be reduced below $0.60 (subject to adjustment for stock splits, stock dividends, recapitalizations or other similar events with respect to the Company’s Common Stock) pursuant to this Section 2(e).

• The Company hereby agrees not to, directly or indirectly, purchase securities of the Company during any Adjusted Market Price Measuring Period.

• The Court concluded that fair value should be calculated with reference to 30% to the Adjusted Market Price, 45% to the Merger Price, and 25% to the DCF analysis.

• Maximum Monthly Consumption Amount: The maximum amount of electricity a pricing group can consume during a Billing Period without being subject to the Adjusted Market Price.

More Definitions of Adjusted Market Price

Adjusted Market Price means the Market Price on the Adjustment Date.

Adjusted Market Price means the Market Price adjusted (upwards only) as follows: in case an Adjusting Event occurs, the Market Price shall be adjusted to represent the percentage of all outstanding shares of Common Stock which the holder of the Redeemable Preferred Stock would have owned had each share of Redeemable Preferred Stock been converted into ten shares of Common Stock immediately prior to the happening of such event.

Adjusted Market Price means a price at arm’s length conditions, discounted for the relative contribution (as budgeted) of a Project Participant to the Project.

Adjusted Market Price means, in respect of any Securities or Cash (including any Margin), an amount in the Base Currency equal to the product of: (i) the Market Price of Cash and the Valuation Percentage which Renaissance allocates to the relevant currency; or (ii) the Market Price of Securities and the Valuation Percentage which Renaissance allocates to the relevant type of Securities.

Adjusted Market Price shall be an amount equal to 95% of the Market Price in effect at such time.

Adjusted Market Price means 80% of the VWAP during the 20 Trading Days immediately preceding such Interest Payment Date or Principal Payment Date, as the case may be (not including such date); In the event that any interest or principal is paid in Common Stock, the Company shall on the 21st Trading Day preceding such Interest Payment Date or Principal Payment Date (i) issue and deliver to such Holder a certificate to be applied against the Common Stock issuable on such Interest Payment Date or Principal Payment Date, free of restrictive legends, registered in the name of the Holder or its designee, for the number of shares of Common Stock equal to fifty percent (50%) of the total amount of interest or principal, as the case may, then payable to such Holder on such Interest Payment Date or Principal Payment Date, divided by the Conversion Price (the "Projected Share Amount"), or (ii) at all times after the Holder has notified the Company that this clause (ii) shall apply, credit the Projected Share Amount to the Holder's or its designee's balance account with The Depository Trust Company through its Deposit Withdrawal Agent Commission System. On the Interest Payment Date or Principal Payment Date, the Company shall issue additional shares of Common Stock to the extent the excess of the Actual Interest Share Amount or Actual Principal Share Amount, as the case may be, exceeds the Projected Share Amount and the Holder shall return to the Company within 5 business days any excess shares of Common Stock if the Projected Share Amount exceeds the Actual Interest Share Amount or Actual Principal Share Amount, as the case may be. Notwithstanding anything to the contrary in this Section 2, but subject to Section 6(b), until the Company delivers shares of Common Stock representing the applicable portion of a Monthly Installment Amount to the Holder, such Monthly Installment Amount may be converted by the Holder into Common Stock pursuant to Section 6. In the event that the Holder elects to convert all or any portion of a Monthly Installment Amount prior to the applicable Principal Payment Date as set forth in the immediately preceding sentence, the Monthly Installment Amount so converted shall be deducted from the Monthly Installment Amounts relating to the applicable Principal Payment Dates as set forth in the applicable Conversion Notice.

Adjusted Market Price means product of the Market Price multiplied by 0.85. “Advance” means the funds loaned to Borrower through the Drawdown.