Average Weekly Trading Volume definition
Average Weekly Trading Volume means, as of any date of determination, the average weekly reported volume of trading in the Units that (x) occurred on any national securities exchange or (y) was reported through the automated quotation system of any registered securities association during the four full calendar weeks ended on the Friday immediately prior to such date, as reported by Bloomberg L.P. or, if not so reported, any successor reporting entity thereto selected by the Calculation Agent.
Average Weekly Trading Volume means the number of shares (excluding those shares traded by the Holders) traded on NASDAQ Small Cap on a weekly basis for the four weeks immediately prior to the week in which securities are to be sold. In the event that the Holders wish to sell more than ten percent (10%) of the Option Holder’s Average Weekly Trading Volume, the Holders shall agree among those Holders wishing to sell such shares.
Average Weekly Trading Volume shall be determined by reviewing the trading volume for each week of the applicable four week period, adding together the trading volume for the two weeks which represent neither the greatest weekly volume nor the lowest weekly volume in such four week period, and dividing such sum by 2. In addition, all sales made by any Holder (other than pursuant to Section 3) shall only be effected through ▇.▇. ▇▇▇▇▇▇ & Company or such other underwriter which makes a market in the Common Stock which may be designated by the Company. Furthermore, Schedule A shall be amended (i) as and when any Additional Contingent Consideration is paid under the Merger Agreement in Common Stock to increase the number of shares saleable in such calendar quarter and the three succeeding calendar quarters so that such Common Stock shall be equally divided over the subsequent four quarters equally or (ii) to reflect any stock splits or other similar corporate events.
Examples of Average Weekly Trading Volume in a sentence
Collectively, the amount of the Option Holder’s securities registered hereunder sold by the Holders during any one week period shall not exceed ten percent (10%) of the Option Holder’s Average Weekly Trading Volume.
In the event that the Holders wish to sell more than ten percent (10%) of the Option Holder’s Average Weekly Trading Volume, the Holders shall agree among those Holders wishing to sell such shares.