Excluded Day definition

Excluded Day shall have the meaning set forth in Section 2.3.1(b).

Excluded Day means each Business Day during a Pricing Period where the lowest intra-day trading price of the Common Stock is less than the Trigger Price.

Excluded Day means a day which is Saturday, Sunday or Public Holiday (within the meaning given by the Organisation of Working Time Act, 1997) or any other day on which the principle offices of the Council are closed.

Examples of Excluded Day in a sentence

• The number of Ordinary Shares to be delivered to the Investor at the Closing (in accordance with Section 2.02 of this Agreement) shall correspond with the Advance Notice amount as reduced pursuant to clause (a) above, except that the Company shall be obligated to sell, and the Investor shall be obligated to purchase any Ordinary Shares corresponding to such Advance Notice that have been sold by the Investor on an Excluded Day at a price equal to such Minimum Acceptable Price.

• Instead, the last week which precedes the four week period without an Excluded Day on the same day of the week as the day on which a Powersave Period is now being called will be used in the calculation.

• For each Advance: (A) the amount of the Advance set forth in such Advance Notice shall automatically be reduced by 20% for each Trading Day during the Pricing Period for which the VWAP of the Common Stock is below the MAP in effect with respect to such Advance Notice (if applicable), or for which there is no VWAP (each such day, an “Excluded Day”), and (B) for the avoidance of doubt, each Excluded Day shall be excluded from the Pricing Period for purposes of determining the Market Price.

• Upon the issuance by the Company of an Advance Notice with a Minimum Acceptable Price, (i) the amount of the Advance set forth in such Advance Notice shall automatically be reduced by 20% for each TASE Trading Day during the Pricing Period that the VWAP of the Ordinary Shares is below the Minimum Acceptable Price (each such day, an “Excluded Day”), and (ii) each Excluded Day shall be excluded from the Pricing Period for purposes of determining the Market Price.

• The Share Lender Purchase Notice shall specify how many Common Shares the Investor is purchasing, which shall be between 50 per cent and 200 per cent of the Common Shares contemplated by the Draw Down Notice less 1/15th of the total shares for each Excluded Day.

More Definitions of Excluded Day

Excluded Day means a day specified as an excluded day in directions given under section 120; and

Excluded Day means a day which is a Sunday, Good Friday or a day which is a public holiday;

Excluded Day means a day which is a Sunday, Good Friday or a day which is declared to be a public holiday by the Holidays (Employees) Act, 1973 , or a day which by virtue of a statute or proclamation is a public holiday;

Excluded Day means a day which is a Sunday, Good Friday or a day which is a public holiday within the meaning of the Organisation of Working Time Act1997, or a day which by virtue of a statute or proclamation is a public holiday;

Excluded Day means (i) any Suspension Day (as defined in the Underwriting Agreement), (ii) any day on which Bank has not received the deliverables contemplated by Section 6(g) or 6(h) of the Underwriting Agreement or with respect to which the Issuer has not satisfied its obligations under Section 6(i) of the Underwriting Agreement, in each case in form and substance reasonably satisfactory to Bank, until such deliverables are delivered and such obligations are satisfied and (iii) any day on which Bank reasonably believes, based on the advice of counsel, that there is a material risk the registration statement contains a material misstatement or omission.

Excluded Day means (i) the Index Business Day immediately preceding any Monthly Valuation Date, (ii) any Monthly Valuation Date, (iii) any Loss Rebalancing Valuation Date, (iv) the Index Business Day immediately preceding the first day of the Final Measurement Period or any day after such Index Business Day, (v) the Index Business Day immediately preceding the first day of the Call Measurement Period or any day after such Index Business Day, or (vi) the Optional Acceleration Date or any day after the Optional Acceleration Date).

Excluded Day means each Business Day during a Pricing Period where at least “Y” shares of Common Stock trade at a price that is less than the Trigger Price, where “Y” is the lesser of (i) 10,000 shares, or (ii) 15% of the daily reported Trading Volume in the outstanding Common Stock on the Company’s Principal Market on such Business Day.