Closing Date VWAP definition

Closing Date VWAP means the average of the volume weighted averages of the trading prices of the Buyer Shares on the NYSE (as reported by Bloomberg L.P. or, if such information is no longer available from Bloomberg L.P., as available from a comparable internationally recognized source determined by Seller, acting reasonably), on each of the twenty consecutive Trading Days ending on (and including) the Trading Day that is three Trading Days prior to the date of the Closing.

Closing Date VWAP means the average of the daily VWAP of the Common Stock over the thirty (30) Trading Days immediately preceding 4 April 2019.

Closing Date VWAP has the meaning set forth in Section 3(h).

Examples of Closing Date VWAP in a sentence

• If the CSE does not provide its approval for the Closing Date VWAP, the Company shall issue the Navy LOC Securities on the Closing Date (based on the VWAP of the Subordinate Voting Shares as of the Closing Date) which Navy LOC Securities shall be deposited with an escrow agent and released from escrow on the maturity date on terms to be determined by the Company and the Navy LOC Note Holders in accordance with the allocations set out above.

• For purposes of this Agreement, the term “Equity Award Conversion Ratio” means the quotient of (1) the Merger Consideration divided by (2) the Closing Date VWAP.

• On the Closing Date, the Company shall issue to the Purchaser, and the Purchaser shall purchase from the Company, the number of shares of Common Stock (the respective number of shares to be purchased by the Purchaser is referred to herein as the “Shares”) equal to (i) the SPV Value divided by (ii) 94% of Closing Date VWAP, rounded up the nearest whole share.

More Definitions of Closing Date VWAP

Closing Date VWAP means the VWAP of Purchaser Common Stock as of the Closing Date (as defined in Section 3.01).

Closing Date VWAP means the average of the Daily VWAP for the twenty (20) trading days ending on and including the Closing Date.