Closing Price Adjustment definition

Closing Price Adjustment means an adjustment made by the Calculation Agent to an Underlying Equity Security's initial Closing Price due to the occurrence of a Market Disruption Event three Business Days prior to the Stated Maturity Date. A Closing Price Adjustment shall adjust such initial Closing Price, once such Market Disruption Event ceases to exist, to equal the Average Execution Price received upon the sale of that Underlying Equity Security.
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Closing Price Adjustment has the meaning given in Section 1.2.
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Closing Price Adjustment means an amount equal to the sum of, which may be a positive or negative number, of (a) the Working Capital Adjustment, which may be a positive or negative number, plus (b) (i) the Target Financial Debt less (ii) the Closing Financial Debt, the result of which may be a positive or negative number, plus (C) (i) the Closing Cash Flow less(ii) the Target Cash Flow, the result of which may be a positive or negative number.
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Examples of Closing Price Adjustment in a sentence

  • In the event that the Calculation Agent makes a Closing Price Adjustment due to the occurrence of a Market Disruption Event, the payment by the Company of the Maturity Payment Amount will be postponed until the date three Business Days after the date of determination of any such Closing Price Adjustment.

  • As of the Measurement Date, except as set forth on Section 5.2 of the ACE Disclosure Letter and except for liabilities incurred since June 30, 2006 in the ordinary course of business consistent with past practice, to the ACE Selling Parties’ knowledge, there are no liabilities or obligations of ACE Lo, whether or not accrued, contingent or otherwise, except as have been reflected in the ACE Closing Price Adjustment pursuant to Section 2.1(b)(i).

  • If, as a result of the formula set forth in the Post Closing Price Adjustment Schedule, Seller is due money, then Purchaser shall immediately pay to Seller the amount that is due to Seller.

  • If, as a result of the formula set forth in the Post Closing Price Adjustment Schedule, Purchaser is due money, then the Escrow Agent (hereinafter defined) shall immediately disburse to Purchaser, from the Escrow Account (hereinafter defined) the amount that is due to Purchaser.

  • Exhibit 3.7 contains illustrative examples of the calculation of the Closing Price Adjustment, using the concepts and formulas set forth in this CHAPTER III.

  • The agreed upon Closing Statement or the finding of such arbitration panel, as the case may be, shall be the Closing Price Adjustment and shall be binding on the Parties.

  • The acceptance by CRRA and CL&P of the Closing Price Adjustment shall not constitute or be deemed to constitute a waiver of the rights of such Party in respect of any other provision of this Agreement.

  • In the event that Seller does not object within such 30-day period, the Closing Price Adjustment Amount as set forth in the Adjustment Report shall be final and binding on the parties for purposes of this Agreement.

  • Exhibit 3.7 contains examples of calculation of the Closing Price Adjustment, using the concepts and formulas set forth in this CHAPTER III.

  • The Purchase Price shall then be either (i) increased by the amount by which the Net Tangible Equity of ATI (as defined below) as calculated from the Closing Balance Sheet exceeds a deficit of $1,989,000; or (ii) decreased by the amount by which a deficit of $1,989,000 exceeds the Net Tangible Equity of ATI as calculated from the Closing Balance Sheet (such amount, as the case may be, the "Closing Price Adjustment").


More Definitions of Closing Price Adjustment

Closing Price Adjustment means an amount equal to the sum of (i) one-half of any amounts in excess of $175,000 but equal to or less than $500,000 paid by the Target and not reimbursed by an insurer pursuant to a claim asserted by the Target at or before the Effective Time in respect of the claims of Joel X. Xxxxx, Xxegxxx X. Xxxxxxxx, Xxanx X. XxXxxxx xxx Kellx X. Xxxxxx xx the New Jersey Employee Litigation, and all of any amounts in excess of $500,000 paid by the Target and not reimbursed by an insurer pursuant to a claim asserted by the Target at or before the Effective Time in respect of such claims, prior to the Closing; (ii) one-half of any amounts equal to or less than $100,000 in the aggregate paid by the Target and not reimbursed by an insurer pursuant to a claim asserted by the Target at or before the Effective Time in respect of the claims of the plaintiffs in the Product-Related Litigation, and all of any amounts in excess of $100,000 in the aggregate so paid by the Target and not reimbursed by an insurer pursuant to a claim asserted
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Related to Closing Price Adjustment

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Price in respect of such day.

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Closing Price has the meaning assigned to such term in Section 15.1(a).

  • SNB Adjustment Spread means, with respect to the SNB Policy Rate, the spread to be applied to the SNB Policy Rate in order to reduce or eliminate, to the extent reasonably practicable under the circumstances, any economic prejudice or benefit (as applicable) to Noteholders as a result of the replacement of the Swiss Average Rate Overnight with the SNB Policy Rate for purposes of determining SARON, which spread will be determined by the Calculation Agent, acting in good faith and a commercially reasonable manner, taking into account the historical median between the Swiss Average Rate Overnight and the SNB Policy Rate during the two year period ending on the date on which the SARON Index Cessation Event occurred (or, if more than one SARON Index Cessation Event has occurred, the date on which the first of such events occurred).

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Closing Price Per Share means, with respect to the Common Stock, for any day, (i) the last reported sale price regular way on the Nasdaq National Market or, (ii) if the Common Stock is not quoted on the Nasdaq National Market, the last reported sale price regular way per share or, in case no such reported sale takes place on such day, the average of the reported closing bid and asked prices regular way, in either case, on the principal national securities exchange on which the Common Stock is listed or admitted to trading, or (iii) if the Common Stock is not quoted on the Nasdaq National Market or listed or admitted to trading on any national securities exchange, the average of the closing bid prices in the over-the-counter market as furnished by any New York Stock Exchange member firm selected from time to time by the Company for that purpose.

  • Average Closing Price means the average of the closing market prices of a Share over the last five (5) Market Days on which transactions in the Shares were recorded on the SGX-ST immediately preceding the date of the Market Purchase by the Company or, as the case may be, the date of the making of the offer pursuant to the Off-Market Purchase, and deemed to be adjusted for any corporate action that occurs after the relevant five-day period; and

  • Market Value Adjustment means, on a given date, an amount equal to the lesser of (x) 98% and (y) a percentage determined according to the following formula: Market Value Adjustment = 98% – [(10yrCMTt – 10yrCMTlaunch) ×Duration], where 10yrCMTt = the 10-Year Treasury Constant Maturity Rate published each business day by the Board of Governors of the Federal Reserve System, or, if such rate ceases to be published, a successor rate reasonably determined by the Trustees (the “10-Year CMT”), on such repurchase date; 10yrCMTlaunch = the 10-Year CMT as of the end of the Initial Offering Period; and Duration = an estimate of the duration of the periodic interest payments of a hypothetical coupon-paying U.S. Government Security with a 25-year maturity, calculated by the Trust’s Investment Manager as of the end of the Initial Offering Period;

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • SOFR Adjustment means 0.10% (10 basis points).

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Initial Closing Price means the RI Closing Value of a Reference Item on the Strike Date

  • Spread Adjustment means 100 basis points.

  • Highest Closing Price means the highest closing price for shares of Substitute Common Stock within the six-month period immediately preceding the date the Substitute Option Holder gives notice of the required repurchase of the Substitute Option or the Substitute Share Owner gives notice of the required repurchase of the Substitute Shares, as applicable.

  • Closing Sale Price means, for any security as of any date, the last closing trade price for such security on the Principal Market, as reported by Bloomberg, or, if the Principal Market begins to operate on an extended hours basis and does not designate the closing trade price, then the last trade price of such security prior to 4:00:00 p.m., New York time, as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange or trading market for such security, the last trade price of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing does not apply, the last trade 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 last trade price is reported for such security by Bloomberg, the average of the ask prices of any market makers for such security as reported in The Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices). If the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Sale Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved in accordance with the procedures in Section 15. All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during such period.

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Closing Value means, as of a particular date, the value of a Share determined by the closing sales price for such Share (or the closing bid, if no sales were reported) as quoted on The New York Stock Exchange for the last market trading day prior to the date of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable.