Formula Price definition

Formula Price means the highest of: (a) the highest composite daily closing price of the Stock during the period beginning on the 60th calendar day prior to the Change of Control and ending on the date of such Change of Control, (b) the highest gross price paid for the Stock during the same period of time, as reported in a report on Schedule 13D filed with the Securities and Exchange Commission, or (c) the highest gross price paid or to be paid for a share of Stock (whether by way of exchange, conversion, distribution upon merger, liquidation or otherwise) in any of the transactions set forth in Section 9 of the Plan as constituting a Change of Control; provided that in the case of the exercise of any such Right related to an Incentive Stock Option, “Formula Price” shall mean the Fair Market Value of the Stock at the time of such exercise.
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Formula Price as of any date means the value per share of Common Stock in effect on that date, as determined by the Board.
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Formula Price means the product of 92.5% ------------- times the mean average of the 15 closing sale prices of the Common Stock, as reported by the Nasdaq National Market, for the 15 consecutive trading days ending on and including June 17, 1999; i.e., the Formula Price is $3.973.
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Examples of Formula Price in a sentence

  • Terms of the Class [ (201 - )] Notes: Initial Principal Amount Interest Rate or Formula Price to Public Interest Payment Dates: , , and , commencing , .

  • The redemption price payable upon any such redemption shall be the Redemption Price in Section 5 of the Convertible Debentures and Section 13 of the Warrants, respectively (referred to herein as the "Formula Price").

  • The redemption price payable upon any such redemption shall be the Formula Price.

  • The "Formula Price" means the product of 92.5% ------------- times the mean average of the 15 closing sale prices of the Common Stock, as reported by the Nasdaq National Market, for the 15 consecutive trading days ending on and including June 17, 1999; i.e., the Formula Price is $3.973.

  • Biomatrix shall have the right, not more than once during each calendar year, to have an independent accountant selected and retained by Biomatrix to inspect and examine such books of Wyeth during regular business hours for the purpose of verifying the statements of the aggregate Net Revenues resulting from sales of Products and Extended Products and determining the correctness of the Formula Price Percentages and Per Unit Formula Prices.


More Definitions of Formula Price

Formula Price has the meaning set forth in Section 3.4 (a).
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Formula Price means the price per share of Common Stock as established by the Board from time to time.
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Formula Price means the lower of: (i) the Market Price; and (ii) the Closing Price on the Commencement Date, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.
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Formula Price means the sum of the following amounts:
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Formula Price means the greater of (I) the aggregate principal amount of the applicable Convertible Notes or the liquidation preference of the Preferred Shares, as applicable, being repaid through the date of consummation of the prepayment (as specified in Section 3.6 below) and (II) the sum of (x) the product of (i) the number of shares of Common Stock into which the Convertible Instruments being redeemed are then convertible at the then current Conversion Price and (ii) the average Closing Bid Price for the five (5) Trading Days ending two (2) Business Days immediately preceding the applicable date of consummation of the redemption as specified in Section 3.6 below, and (y) the applicable amount of accrued but unpaid interest on the Convertible Notes or dividends on the Preferred Shares, as applicable, being repaid through the date of consummation of the prepayment (as specified in Section 3.6 below)."
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Formula Price means the highest of (A) the highest composite ------- daily closing price of the Stock during the period beginning on the 60th calendar day prior to the Change of Control and ending on the date of such Change of Control, (B) the highest gross price paid for the Stock during the same period of time, as reported in a report on Schedule 13D filed with the Securities and Exchange Commission, or (C) the highest gross price paid or to be paid for a share of Stock (whether by way of exchange, conversion, distribution upon merger, liquidation or otherwise) in any of the transactions set forth in this Section as constituting a Change of Control; provided that in the case of the exercise of any such Right related to an Incentive Stock Option, "Formula Price" shall mean the Fair Market Value of the Stock at the time of such exercise.
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Formula Price means, with respect to any day:
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