Average Purchase Price definition

Average Purchase Price means the sum of (i) the monthly average per barrel price quoted for the first nearby month for West Texas Intermediate crude oil on the New York Mercantile Exchange and (ii) $5.15 per barrel, or such other price as may be agreed by the Parties in accordance with Section 5.

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Average Purchase Price means the arithmetic average of the Daily Average Prices for all Trading Days during the Averaging Period.

Average Purchase Price means, as of any date, the average Purchase Price per share for the Transaction Securities obtained by dividing (i) the aggregate Purchase Price for all Purchased Securities purchased hereunder on or before such date by (ii) the aggregate number of shares of Transaction Securities issued hereunder on or before such date, and rounding the result to the nearest tenth of a cent;

Examples of Average Purchase Price in a sentence

Each Holder’s rights under this Section 2.02(a) shall terminate when such Holder (together with any Affiliates of such Holder) holds less than $15 million, in aggregate, of Registrable Securities, based on the Average Purchase Price.
To the extent that such issuance shall be for a consideration other than cash, then, except as herein otherwise expressly provided, the amount of such consideration shall be determined as set forth in paragraphs (b) and (c) of the definition of "Weighted Average Purchase Price" in Article I.
Holdings agrees to make such equity investment in each of the Owners as is necessary to enable such Owner to purchase its Vessel at the Adjusted Average Purchase Price and deliver such Vessel to HLL, and thereafter, from time to time, to provide funds as necessary to enable such Owner to discharge its obligations hereunder and under each of the other Transaction Documents to which it is a party.
SFL, Holdings and the Owners shall have received evidence satisfactory to SFL that the Adjusted Average Purchase Price of the relevant Vessel (after making any adjustment contemplated by Section 1.4(c) hereof) does not exceed $56,000,000.
Any change to any Vessel that HLL has funded as a Leasehold Improvement pursuant to this Section 2.6 shall not be taken into consideration in the determination of the Adjusted Average Purchase Price of such Vessel.
In either case, any amounts recovered from the Builder shall be paid to and retained by Holdings (with all costs of pursuing such recovery to be for HLL’s account) and shall be considered a reduction in the purchase price of such Vessel for purposes of determining the Adjusted Average Purchase Price of such Vessel.
Each Owner shall fund the purchase of its Vessel from Holdings (i) by making a Borrowing under the Credit Agreement in an amount equal to the lesser of 75% of the Adjusted Average Purchase Price of the Vessel and $42,000,000, and (ii) to the extent not funded by such Borrowing, by an equity investment from Holdings in such Owner.
Notwithstanding the foregoing, any decrease in the purchase price of a Vessel under an MOA as the result of a credit given for liquidated damages due to late delivery of such Vessel shall be subject to Section 2.10 hereof and shall not be considered in determining the Adjusted Average Purchase Price of the such Vessel.
Customer shall pay Supplier, for each barrel of Raw Material delivered for sale by Supplier at the Delivery Point, an amount expressed in U.S. Dollars equal to the sum of (a) the Average Purchase Price for the applicable month, plus (b) the Premium.
Liquidated damages for late delivery of a Vessel (whether paid by the Builder in cash or given as a credit) shall not be taken into consideration in determining the Adjusted Average Purchase Price of the subject Vessel.

More Definitions of Average Purchase Price

Average Purchase Price means the arithmetic average of the Daily Average Prices for all Relevant Days during the Averaging Period.

Average Purchase Price shall have the meaning set forth in Section 7.2(b).

Average Purchase Price means the purchase price for all affordable owned

Average Purchase Price means the arithmetic average of the Daily Average Prices for all Trading Days during the Averaging Period. “BAS” has the meaning specified in Section 1(b).

Average Purchase Price means the purchase price for all affordable owned units in an affordable housing project of an equal number of bedrooms divided by the total number of affordable units in the project with that number of bedrooms.

Average Purchase Price means $25.00.