Computed Price definition

Computed Price means, with respect to a particular Trading Day in the Share Redemption Computation Period for a particular Share Redemption, 90 percent of the VWAP of the Common Stock for such Trading Day.

Computed Price for any date means arithmetic average of the per share Trading Price during the Measurement Period with respect to such date.

Computed Price of shares of Common Stock means the price equal to 85 percent of the arithmetic mean of the per share Closing Price (as defined in Section 9(b)) of the Common Stock for the three consecutive trading days ending on the third trading day prior to the applicable dividend payment date; provided however, that, notwithstanding the foregoing, in no event shall the Computed Price be less than $.01 per share.

Examples of Computed Price in a sentence

• If the Corporation elects to pay all or any portion of a dividend in Common Stock, the number of shares of Common Stock to be issued by the Company in payment of such dividend or portion thereof shall be the dollar amount of the dividend or portion thereof not paid in cash divided by the per share Computed Price (as defined below) of the Common Stock.

• If the Common Stock is not traded on The Nasdaq National Market, the Computed Price shall be determined by reference to the closing sale prices (or the closing bids, if no sales were reported) of the Common Stock on the Nasdaq SmallCap Market, OTC Bulletin Board, Pink Sheets or on any other exchange on which the Common Stock is listed or traded, whichever is applicable.

• The number of shares of Common Stock issuable to each holder of Series A Preferred shall be equal to the quotient obtained by dividing the aggregate amount of dividends such holder is entitled to receive by the per share Computed Price (as defined below).

• In the absence of such markets for the Common Stock, the Computed Price shall be determined in good faith by the Board of Directors.

More Definitions of Computed Price

Computed Price means, as of the Maturity Date or an Interest Payment Date, the lower of (A) the product obtained by multiplying (i) the Applicable Percentage for the Maturity Date or the applicable Interest Payment Date, as the case may be, TIMES (ii) the arithmetic average of the Closing Price of the Common Stock for each day in the Measurement Period ending on the last trading day prior to the Maturity Date or the applicable Interest Payment Date, as the case may be, and (B) $8.10 (subject to equitable adjustment from time to time for stock splits stock dividends, combinations, capital reorganizations and similar events relating to the Common Stock occurring on or after the Issuance Date (as defined in Section 2.2)).

Computed Price for any date means the arithmetic average of the lowest per share Trading Price on the two Trading Days during the applicable Measurement Period for such date on which the two lowest per share Trading Prices occur.

Computed Price shall have the meaning provided in the Notes.

Computed Price of shares of Common Stock means the price equal to 85 percent of the arithmetic mean of the per share Closing Price (as defined in Section 9(b)) of the Common Stock for the three consecutive trading days ending on the third

Computed Price for any date means the average per share Trading Price during the Measurement Period with respect to such date.

Computed Price means, for any date, the arithmetic average of the Market Price of the Common Stock for the five consecutive Trading Days ending one Trading Day prior to such date.

Computed Price of one share of Common Stock on any date shall mean the product obtained by multiplying (a) the Conversion Percentage applicable on such date by (b) the Average Market Price of the Common Stock for the Measurement Period with respect to such date; provided, however, that in no event shall the Computed Price be greater than the Ceiling Price (subject to equitable adjustments for stock splits, stock dividends, combinations, recapitalizations, reclassifications and similar events occurring or with respect to which "ex-" trading commences on or after the date of filing of this Certificate of Designation with the Secretary of State of the State of Washington).