Average Daily Closing Price definition

Average Daily Closing Price means for any security as of any date, the cumulative VWAPs divided by the number of Trading Days during a Trading Week.

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Average Daily Closing Price means the average of the closing prices per share of the Class A Common Stock of Apartment and Investment Management Company, a Maryland corporation, on the New York Stock Exchange as reported by the Wall Street Journal (or, if not reported thereby, any other authoritative source as the parties shall agree in writing) for the twenty (20) consecutive full trading days in which such shares are traded on the New York Stock Exchange ending on the second trading day, prior to, but not including, the Closing Date.

Average Daily Closing Price means (y) the sum of the closing prices of the Buyer Shares on each of the twenty (20) consecutive Trading Days ending the Business Day prior to the Closing Date, as is reported in The Wall Street Journal divided by (z) twenty (20).

Examples of Average Daily Closing Price in a sentence

For greater certainty and without limitation, if as of the Reference Date, the common shares of Travelbyus are not listed and quoted on NASDAQ but are listed and quoted on another foreign stock exchange, then the Average Daily Closing Price shall be calculated by reference to the closing price on such exchange and shall be adjusted for currency exchange rates.
The Travelbyus Shares shall be adjusted if (and only if) the average of the daily per share closing price of the common shares of Travelbyus quoted on NASDAQ for the five trading days prior to and the five trading days after the Reference Date (the "Average Daily Closing Price") is less than US$2.50 per share.
In lieu thereof, Buyer shall pay to each holder of CRC Shares who would otherwise be entitled to a fractional share of Buyer Shares (after taking into account all Old CRC Certificates delivered by such holder) an amount in cash calculated by multiplying such fraction by the Average Daily Closing Price.
In lieu thereof, Buyer shall pay to each holder of PRRC Shares who would otherwise be entitled to a fractional share of Buyer Shares (after taking into account all Old PRRC Certificates delivered by such holder) an amount in cash calculated by multiplying such fraction by the Average Daily Closing Price.

More Definitions of Average Daily Closing Price

Average Daily Closing Price has the meaning ascribed thereto in section 3.2.

Average Daily Closing Price shall be the average of the daily closing prices per share reported on the American Stock Exchange from the period beginning September 17, 1997 to November 24, 1997, which is 12.565051.