Daily Trading Limit definition

Daily Trading Limit means fifteen percent (15%) of the average daily trading volume of the Company’s Class A Common Stock over the four (4) calendar weeks prior to the week of the Funding Decision Date; provided, however, that the Board or a committee of the Board, if constituted in the discretion of the Board, may set the Daily Trading Limit to an alternate limit so long as (a) the alternate limit does not exceed the result obtained from the formula set forth above, and (b) the Board or committee, as the case may be, obtains the consent of a majority of the members of the Litigation Committee for such alternate limit.

Daily Trading Limit as of any date shall mean the lesser of (i) 10% of the average reported daily trading volume of the shares of Common Stock on NASDAQ for the 20 consecutive trading days immediately preceding such date and (ii) 10% of the reported daily trading volume of the shares of Common Stock for the trading date immediately preceding such date.

Daily Trading Limit means, with respect to any Trading Day, the sum of (i) the Base Amount, and (ii) the Deferred Amount; provided, however, that in no event shall the Daily Trading Limit on any Trading Day exceed twice the Base Amount. For the purposes of calculating the Daily Trading Limit, any amounts sold on a Trading Day shall be credited first to the Base Amount for such Trading Day, second to the Ordinary Trading Deficit; and third to any remaining Blackout Amount.

Examples of Daily Trading Limit in a sentence

• Mr. Bowers provided details regarding the existing residential development including highlighting the improvements and updates that have occurred since his firm took over managing the property.

• Decided June 5, 1946.Violation of Act -- Exceeding Daily Trading Limit -- Refusing Trading Privileges by Contract Markets For violating the daily trading limit for rye futures on the Chicago Board of Trade, all contract markets are directed to refuse as to one respondent all trading privileges thereon for a period of five days.

• For the avoidance of doubt, at any time that a Clearing Member has used its Daily Trading Limit, the Clearing House shall not accept any further Market Contracts or Exchange Contracts in respect of such Clearing Member for Clearing and Rule13.1.6 ( Acceptance of Market Contracts for Clearing) shall apply to such rejected Market Contract or Exchange Contract.

• These shares are called "Surplus Shares." If there are Surplus Shares in a Batch, the shares covered by sale instructions from Large Trust Beneficiaries shall be allocated between the shares to be sold within the Daily Trading Limit (and thus not subject to the limits set forth in this paragraph D.4) and Surplus Shares subject to the limits set forth in this paragraph D.4 on a pro rata basis.

• Any intra-day deductions made from the Daily Trading Limit under Rule9.1.4 will be replaced by Initial Margin and Variation Margin at the end of that Settlement Day.

• Subsequent to the expiration of the Lock-Up Period, Executive shall not be permitted or have the right to sell on each trading day more than the Daily Trading Limit.

• If the total number of these Surplus Shares and the other shares to be sold on behalf of Large Trust Beneficiaries in the next day's Batch exceeds the Daily Trading Limit on that day, then these Surplus Shares shall be sold before the other shares to be sold on behalf of Large Trust Beneficiaries in that Batch.

• The Sellers and EMEA Sellers agree that for any given day, the aggregate amount of Shares sold for the account of the Sellers and the EMEA Sellers collectively, whether pursuant to the Shelf Registration Statement or otherwise, shall not exceed the Daily Trading Limit.

• Only Members which have been allocated a Daily Trading Limit in excess of 1 and a half million euros may loan a Limit, and only in respect of the part of the Limit which exceeds said 1 and a half million euros.

• Transfer of the Daily Trading Limit must be documented in the Daily Trading Limit loan contract, the text of which is to be found in Appendix 2.

More Definitions of Daily Trading Limit

Daily Trading Limit has the meaning set forth in Section 2.1(c).

Daily Trading Limit means, at the time of any such transfer, such Preferred Stockholder Party’s pro rata share of 50% of the volume of New Parent Common Stock that has traded on the New York Stock Exchange (or such other national securities exchange upon which the Company’s securities are then listed) on that day. By way of example and not of limitation, assuming a Preferred Stockholder Party’s pro rata share is 20% and 100,000 shares have traded as of 2:00 pm on a given trading day, then that Preferred Stockholder Party can transfer up to 10,000 shares of New Parent Common Stock at such time (assuming it has not exceeded the limitations set forth in the first sentence of this Section 2.1(c).