Daily Average Price definition

Daily Average Price means an amount, as determined by the Determination Agent, equal to the average of the official closing prices of a Share on the Exchange at the Valuation Time on each Scheduled Trading Day during the Additional Outperformance Period which is not a Disrupted Day;

Daily Average Price means, for any day, the weighted average price at which the Company purchased Shares during the applicable day pursuant to the Program in open market purchases, calculated as (a) the total purchase price paid by the Company (excluding commissions) for Shares purchased pursuant to the Program in open market purchases during such day divided by (b) the total number of Shares purchased by the Company pursuant to the Program in open market purchases during such day.

Daily Average Price. For any Exchange Business Day, the New York Volume Weighted Average Price per Share for the regular trading session (including any extensions thereof) of the Exchange on such Exchange Business Day (without regard to pre-open or after hours trading outside of such regular trading session), as published by Bloomberg at 4:15 P.M., New York City time (or 15 minutes following the end of any extension of the regular trading session), on such Exchange Business Day, on Bloomberg page “NFP.N<Equity>AQR” (or any successor thereto) (or if such published volume weighted average price is unavailable or is manifestly incorrect, the market value of one Share on such Exchange Business Day, as determined by the Calculation Agent using a volume weighted method). Exchange: New York Stock Exchange Consequences of Disrupted Days: Notwithstanding anything to the contrary in this Termination Agreement or the Equity Definitions, if the Valuation Date is a Disrupted Day, the Calculation Agent may, if appropriate in light of market conditions, regulatory considerations or otherwise, take any or all of the following actions: (i) postpone the Valuation Date in accordance with Section 6.6 of the Equity Definitions or (ii) determine that the Valuation Date is a Disrupted Day only in part, in which case the Calculation Agent shall (A) determine the Daily Average Price based on transactions in the Shares on such Valuation Date effected before the relevant Market Disruption Event occurred and/or after the relevant Market Disruption Event ended, as applicable, and (B) designate the immediately following Exchange Business Day as the Valuation Date (with the provisions of this paragraph applying successively to each such Exchange Business Day so designated) and determine the Termination Value using an appropriately weighted average of the Daily Average Prices on the original Valuation Date and such designated Valuation Date or Dates. Section 6.6(a) of the Equity Definitions is hereby amended by replacing the word “shall” in the fifth line thereof with the word “may,” and by deleting clause (ii) thereof. Any Scheduled Trading Day on which the Exchange is scheduled to close prior to its normal close of trading shall be deemed a Disrupted Day in full.

Examples of Daily Average Price in a sentence

• The twenty (20) Average Quotes will be summed and the result divided by twenty (20) to determine the Daily Average Price of Merchants Common Stock to be used for purposes of the payment of the Non-Cash Merger Consideration.

• In this example, the 2005 Daily Average Price of HHNGF would be less than the 2005 Floor Price of $2.9304 per Mcf, therefore the 2005 Price would be $2.9304.

• The term "Compliance Period" means any period of time after the date hereof when (i) no Default has occurred and is continuing, and (ii) the Daily Average Price on the Relevant Exchange of all of the Purchase Shares and all of the Collateral Shares is equal to or greater than 125% of the amount that would be payable to the Purchaser on the relevant date if a final and complete Physical Settlement was occurring on such date.

• The Daily Average Price of HHNGF shall be the sum of the "Settle" prices reported for a contract traded during the immediately previous thirty-six month period ended each September 30th of the year prior to the year for which the Price is calculated for each day that the contacts are reported as the contracts for the Current Trading Month divided by the total number of days that such "Settle" prices are reported.

• If the Daily Average Price is less than $26.00 but greater than or equal to $24.00, the Daily Average Price will be assumed to be $26.00.

More Definitions of Daily Average Price

Daily Average Price means (i) for any Trading Day in the Averaging Period, the Reported VWAP for such Trading Day minus $0.42 or (ii) for any Trading Day in the Valuation Period, the dollar volume weighted average price per share of Common Stock for that Trading Day based on transactions executed by the Seller or its designated affiliate during that Trading Day in connection with the settlement of this Letter Agreement.

Daily Average Price means, (i) for any Relevant Day in the Averaging Period, the Reported VWAP for such Trading Day plus the Premium to VWAP or (ii) for any Relevant Day in the Additional Purchase Period, the Reported VWAP for such Relevant Day.

Daily Average Price means the average of the Daily Prices for the 20 consecutive Trading Days ending on the third Trading Day immediately prior to the Closing Date.

Daily Average Price means the average of the official closing prices of the Share for each day during the Outperformance Period which is a Scheduled Trading Day and not a Disrupted Date;

Daily Average Price means (i) for any Trading Day in the Averaging Period, the Reported VWAP for such Trading Day minus $0.00 or (ii) for any Trading Day in the Valuation Period, the dollar volume weighted average price per share of Common Stock for that Trading Day based on transactions executed by the Seller or its designated affiliate during that Trading Day in connection with the settlement of this Letter Agreement.

Daily Average Price means, for any given day, the average of the high and low sale prices of the QRI Common Stock or New Securities on such day on the New York Stock Exchange, the American Stock Exchange or the Nasdaq National Market, whichever is applicable.

Daily Average Price means the average of each daily official close price of the Index during the relevant Additional Outperformance Period.2