Closing Date Market Price definition

Closing Date Market Price means the average of the last reported sales prices of one share of Parent Common Stock on the NYSE during the period of the 20 most recent trading days ending on the Determination Date.

Closing Date Market Price means the volume weighted average price per share of Company Common Stock on the NYSE (as reported by Bloomberg L.P., or, if not reported thereby, by another authoritative source mutual agreed by the parties) for the five (5) consecutive trading days immediately preceding the fifth trading day prior to the Closing Date. The Closing Date Market Price shall be calculated to the nearest one-hundredth of one cent.

Closing Date Market Price means the average of the closing bid prices for a share of Common Stock as reported by the American Stock Exchange for the five trading days immediately preceding the date of the original issuance of the Debenture, subject to adjustment from time to time as set forth in Paragraph 6 hereof; provided, however, that in the event that the Company has -------- ------- not filed with the Securities and Exchange Commission a registration statement covering the Underlying Shares within sixty (60) days following the Last Closing Date, the Closing Date Market Price shall be reduced by 10%.

Examples of Closing Date Market Price in a sentence

• For example, in the event that (i) the Offer Price is less than or equal to the Closing Date Market Price and (ii) the Aggregate Consideration equals $1,000,000, a Fixed Conversion Price applicable to a principal amount of this Note equal to $1,000,000 (plus all interest, fees, costs and expenses related thereto) shall be reset to the Offer Price if the Offer Price is less than such Fixed Conversion Price in effect at the time of such issuance.

• Each Option shall expire if (i) such Option is not exercised prior to the close of business on the 120th day following termination of the Merger Agreement, (ii) if the Merger Agreement is terminated pursuant to Section 9.01(c) thereof, or (iii) if the Closing Date Market Price is less than $12.07.

• In lieu of any such fractional securities, each holder of Shares who would otherwise have been entitled to a fraction of an RSI Common Share upon surrender of Certificates for exchange pursuant to this Article IV will be paid an amount in cash (without interest), rounded to the nearest cent, determined by multiplying (a) the Closing Date Market Price by (b) the fractional interest to which such holder otherwise would be entitled.

• Notwithstanding the foregoing, in the event that (i) the Omnipoint Agreement is terminated or the transactions contemplated by the Omnipoint Agreement are not consummated by the Omnipoint End Date and (ii) the Closing Date Market Price is less than $39.56, the Conversion Number shall be the amount determined by dividing $18.00 by the Closing Date Market Price, but shall not be greater than .50 or less than .455.

• For purposes of this Agreement, "Closing Date Market Price" means, with respect to one share of Acquiror Common Stock, the average closing price for such share as reported on the National Association of Securities Dealers, Inc.

More Definitions of Closing Date Market Price

Closing Date Market Price means the volume weighted average price per share of Parent Common Stock on Nasdaq (as reported by Bloomberg, L.P., or, if not reported thereby, by another authoritative source mutually agreed by the parties) for the Reference Period. The Closing Date Market Price shall be calculated to the nearest one-hundredth of one cent.

Closing Date Market Price means, with respect to each share of Hain Common Stock, the average closing price for such share as reported on the National Market System of The Nasdaq Stock Market, Inc. for the 10 most recent trading days ending on June 24, 1998.

Closing Date Market Price means, with respect to one share of Acquiror Common Stock, the average closing price for such share as reported on the National Association of Securities Dealers, Inc. Automated Quotation System ("NASDAQ") for the 15 most recent trading days ending on the third business day prior to the Closing Date.

Closing Date Market Price shall have the meaning given thereto in Section 1.07(a).

Closing Date Market Price means the average Closing Price during the twenty (20) Trading Days immediately preceding the Closing Date, appropriately adjusted to reflect any pending stock dividend, stock split or similar transaction. "CLOSING PRICE" means, for the Common Stock as of any date, the closing bid price of such security on the principal United States securities exchange or trading market where such security is listed or traded as reported by Bloomberg Financial Markets (or a comparable reporting service of national reputation selected by the Purchaser and reasonably acceptable to the Company if Bloomberg Financial Markets is not then reporting closing bid prices of such security) (collectively, "BLOOMBERG"), or if the foregoing does not apply, the last reported sale price of such security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no sale price is reported for such security by Bloomberg, the average of the bid prices of any market makers for such security as reported in the "pink sheets" by the National Quotation Bureau, Inc., in each case for such date or, if such date was not a Trading Day (as defined below) for such security, on the next preceding day which was a Trading Day. If the Closing Price cannot be calculated for a share of Common Stock as of either of such dates on any of the foregoing bases, the Closing Price of such security on such date shall be the fair market value as reasonably determined by an investment banking firm selected by the Purchaser and reasonably acceptable to the Company, with the costs of such appraisal to be borne by the Company.

Closing Date Market Price means with respect to one share of VoiceStream Common Stock, the average Closing Price (calculated on a weighted average based upon the volume of shares traded on each day) for such share during the period of the 15 most recent trading days ending on the Business Day prior to the Effective Time.

Closing Date Market Price means the average closing price for one share of Parent Common Stock during the period of the twenty (20) most recent NYSE (as defined herein) trading days ending on the third NYSE trading day prior to the date of the Company Shareholder Meeting (as hereinafter defined). The closing price on any day shall be the last reported sale price of one share of Parent Common Stock on the NYSE. All calculations under this Section 1.5(c) shall be rounded to the nearest hundredth.