Exchange Price definition

Exchange Price means as of any date, $1,000, divided by the Exchange Rate as of such date.

Exchange Price shall have the meaning specified in the Indenture.

Exchange Price means $7.50, as may be adjusted from time to time in the manner set forth herein;

Examples of Exchange Price in a sentence

• Creditor further acknowledges that the Company does not guarantee that the Exchange Price will be the fair market value of the Common Stock at the time of sale and agrees that the terms of this Agreement are the result of negotiations between the parties.

• Creditor acknowledges that the Exchange Price is at a significant premium to the current market price of the Common Stock.

• The Exchange Price of your Preferred Stock and the Conversion Price under the Certificate of Designation is derived, in substantial part, from a good faith estimate of the future value of Common Stock of the Company, which may never appreciate at our predicted levels, or worse, may plummet compared to the current stock price.

• There can be no assurance that (1) an active trading market will be developed or sustained, (2) the liquidity of such market will increase, (3) the Creditor will be able sell his, her, or its shares of Preferred Stock, or (4) the price that the Creditor may obtain for his, her, or its Common Stock (upon conversion or redemption into Common Stock) will be equal to our greater than the Exchange Price.

• The Creditor further acknowledges that there can be no assurance that (1) an active trading market will be developed or sustained, (2) the liquidity of such market will increase, (3) the undersigned will be able sell his, her, or its shares of Common Stock, or (4) the price that the undersigned may obtain for his, her, or its Common Stock will be greater than the Exchange Price.

More Definitions of Exchange Price

Exchange Price means the price at which Shares are exchanged with holders of Debt Obligations.

Exchange Price means the arithmetic average of the volume weighted average prices for a share of the Common Stock on the principal United States securities exchange or automated or electronic quotation system on which the Common Stock trades, as reported by Bloomberg, L.P., or its successor, for each of the three consecutive full Trading Days ending on and including the last full Trading Day immediately prior to the Exchange Date, subject to appropriate and equitable adjustment for any stock splits, reverse splits, stock dividends or similar events affecting the Common Stock. If the Common Stock no longer trades on a securities exchange or automated or electronic quotation system, then a majority of the Independent Directors of the Corporation shall determine the Exchange Price in good faith.

Exchange Price means the Closing Bid Price as of two (2) Trading Days prior to the Exchange Date.

Exchange Price has the meaning assigned to it in Section 2(a) hereof.

Exchange Price means $10.00, subject to adjustment as provided herein.

Exchange Price means as of any time, $1,000, divided by the Exchange Rate as of such time. “Exchange Rate” shall have the meaning specified in Section 14.01(a).

Exchange Price means, in respect of each Security, as of any time, $1,000, divided by the Exchange Rate as of such time.