Closing Parent Price definition

Closing Parent Price means the closing price per Parent Share on the NYSE (as reported on Bloomberg or, if not reported thereby, another alternative source as reasonably agreed by Parent and the Company) on the last trading day prior to the Effective Date.
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Closing Parent Price shall be defined as the amount equal to the average of the per share closing prices of the Parent Common Stock as reported by the NASDAQ National Market for the five trading days ending two trading days prior to the Closing Date, rounded to the fourth decimal point.
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Closing Parent Price shall equal the average of the per share closing prices of Parent Common Stock as reported by the Nasdaq National Market for the ten trading days ending two trading days prior to the Closing Date, rounded to the fourth decimal place. Notwithstanding the foregoing, if prior to the Effective Time there is a change in the number of issued and outstanding shares of Parent Common Stock as the result of reclassification, subdivision, recapitalization, stock split (including reverse stock split) or stock dividend, the number of shares of Parent Common Stock issued in the Merger shall be equitably adjusted to give effect to such event. The shares of Parent Common Stock payable pursuant to this Section 1.6(a)(i), together
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Examples of Closing Parent Price in a sentence

  • The "First Contingent Exchange Ratio" shall equal the quotient, rounded to four decimal places, of (x) the quotient of (A) $37,500,000 (the "First Contingent Merger Consideration") divided by (B) the First Milestone Closing Parent Price, divided by (y) the Diluted Number.

  • The Exchange Ratio shall equal $1.10 divided by the Closing Parent Price, provided, however, in no event shall the Exchange Ratio exceed .0917 or be less than .0550.

  • The "Closing Parent Price" shall equal the average of the per share closing prices of Parent Common Stock as reported by the Nasdaq National Market for the ten trading days ending two trading days prior to the Closing Date, rounded to the fourth decimal place.

  • The Closing Parent Price shall be not less than $34.36 (subject to adjustment for any reclassification, subdivision, recapitalization, combination, exchange, stock split (including reverse stock split), stock dividend or distribution or other similar transaction (other than the Merger) affecting the shares of Parent Common Stock), PROVIDED, HOWEVER, in no event shall this SECTION 7.5 apply if Parent exercises its right to increase the Exchange Ratio pursuant to SECTION 8.1(e).


More Definitions of Closing Parent Price

Closing Parent Price shall equal the average of the per share closing prices of Parent Common Stock as reported by The Nasdaq National Market for the 20 trading days ending three trading days prior to the Closing Date, rounded to the fourth decimal place; PROVIDED, HOWEVER, subject to SECTION 8.1(e), in no event shall the Closing Parent Price be less than $37.80 or greater than $70.20 (in either case, subject to adjustment for any reclassification, subdivision, recapitalization, combination, exchange, stock split (including reverse stock split), stock dividend or distribution or other similar transaction (other than the Merger) affecting the shares of Parent Common Stock).
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