The Applicable OREC Price shall be the [Index/Fixed] OREC Price, as selected by NYSERDA pursuant to ORECRFP24-1 and as set forth in Section [4.02/4.03] of this Agreement.
Reference Price means the Reference Price of the Underlying as specified in § 1 of the Product and Underlying Data.
Initial Price or “Initial Offer” means the price per Unit on the first day of the Initial Period determined by the Management Company.
Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;
Approved Price means the "fair value" as determined by the Trust in accordance with the valuation procedures adopted from time to time by the Board of Trustees of the Trust and for which the Trust receives a marked-to-market price (which, for the purpose of clarity, shall not mean Market Value) from an independent source at least semi-annually.
SAFE Price means the price per share equal to (x) the Valuation Cap divided by (y) the Fully Diluted Capitalization.
Floor Price means the minimum price set by the Company in the Issuance Notice below which the Agent shall not sell Shares during the applicable period set forth in the Issuance Notice, which may be adjusted by the Company at any time during the period set forth in the Issuance Notice by delivering written notice of such change to the Agent and which in no event shall be less than $1.00 without the prior written consent of the Agent, which may be withheld in the Agent’s sole discretion.