Highest Closing Price definition

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Highest Closing Price means the highest closing sales price for shares of Substitute Common Stock quoted on the NYSE (or if the Substitute Common Stock is not quoted on the NYSE, the highest bid price per share as quoted on the National Association of Securities Dealers Automated Quotations System or, if the shares of Substitute Common Stock are not quoted thereon, on the principal trading market on which such shares are traded as reported by a recognized source) during the six-month period preceding the Section 8 Request Date; and

Highest Closing Price means the highest of closing sales price for shares of Substitute Common Stock quoted on the Nasdaq (or if the Substitute Common Stock is not quoted on the Nasdaq, on the principal trading market on which such shares are traded as reported by a recognized source) during the six-month period preceding the Section 9 Request Date.

Examples of Highest Closing Price in a sentence

The term "Highest Closing Price" shall mean the highest closing price for shares of Substitute Common Stock within the six-month period immediately preceding the date the Substitute Option Holder gives notice of the required repurchase of the Substitute Option or the Substitute Share Owner gives notice of the required repurchase of the Substitute Shares, as applicable.
The term "Highest Closing Price" shall mean the highest closing price for shares of Substitute Common Stock within the six-month period immediately preceding the date the Substitute Option Holder gives notice of the required repurchase of the Substitute Option or the Substitute Share Owner gives notice of the required repurchase of the Substitute Common Stock, as applicable.
In addition, at the request of the owner (the "Substitute Share Owner") of shares of Substitute Common Stock, the Substitute Option Issuer shall repurchase the Substitute Common Stock at a price (the "Substitute Share Repurchase Price") equal to the Highest Closing Price multiplied by the number of shares of Substitute Common Stock so designated.
The term "Highest Closing Price" shall mean the highest closing price for shares of Substitute Common Stock within the six- month period immediately preceding the date the Substitute Option Holder gives notice of the required repurchase of the Substitute Option or the Substitute Share Owner gives notice of the required repurchase of the Substitute Shares, as applicable.
The term "Highest Closing Price" shall mean the highest average closing price for Substitute Shares for any 20 trading day period within the three-month period immediately preceding the date the Substitute Option Holder or the Substitute Option Issuer gives notice of the required repurchase of the Substitute Option or the Substitute Share Owner or the Substitute Option Issuer gives notice of the required repurchase of the Substitute Shares, as applicable.
At the request of the owner (the “Substitute Share Owner”) of shares of Substitute Common Stock (the “Substitute Shares”), the Substitute Option Issuer shall repurchase the Substitute Shares at a price (the “Substitute Share Repurchase Price”) equal to the Highest Closing Price multiplied by the number of Substitute Shares so designated.
The term "Highest Closing Price" shall mean the highest closing or last sale price (as the case may be) for shares of Substitute Common Stock within the six-month period immediately preceding the date the Substitute Option Holder gives notice of the required repurchase of the Substitute Option or the Substitute Share Owner gives notice of the required repurchase of the Substitute Shares, as applicable.
The term "Highest Closing Price" shall mean the highest average closing price for Substitute Shares for any 20 trading day period within the three-month period immediately preceding the date the Substitute Option Holder gives notice of the required repurchase of the Substitute Option or the Substitute Share Owner gives notice of the required repurchase of the Substitute Shares, as applicable.
The term "Highest Closing Price" shall mean the highest closing price for shares of Substitute Common Stock within the 180 day period immediately preceding the date the Substitute Option Holder gives notice of the required repurchase of the Substitute Option or the Substitute Share Owner gives notice of the required repurchase of the Substitute Shares, as applicable.
The term "Highest Closing Price" shall mean the highest closing price for shares of Substitute Common Stock within the 90-day period immediately preceding the date the Substitute Option Holder gives notice of the required repurchase of the Substitute Option or the Substitute Share Owner gives notice of the required repurchase of the Substitute Shares, as applicable.

More Definitions of Highest Closing Price

Highest Closing Price means the highest closing price per share of Substitute Common Stock on the Nasdaq National Market (or, if Substitute Common Stock is not quoted on The Nasdaq Stock Market, the highest bid price per share on any day as quoted on the principal trading market or securities exchange on which such shares are traded as reported by a recognized source chosen by Grantee and reasonably acceptable to Issuer) or, if such shares are not traded in a trading market or listed on an exchange, as quoted by the brokerage firms acting as market makers for the Substitute Common Stock prior to the trading or listing of the Substitute Common Stock on any national securities exchange and thereafter as reported by the principal trading market or securities exchange on which such shares are traded, during the 60 business days preceding the Substitute Option Request Date.

Highest Closing Price means the highest known sale price for shares of Substitute Common Stock within the six-month period immediately preceding the date that the Substitute Option Holder gives notice of the required repurchase of the Substitute Option or the Substitute Share Owner gives notice of the required repurchase of the Substitute Shares, as applicable, taking into account the sale prices, if any, for shares of Substitute Common Stock reported in the National Association of Securities Dealers' Electronic Bulletin Board Service or the National Quotation Bureau's "pink sheets" during such six-month period.

Highest Closing Price means the highest closing price for shares of Substitute Common Stock within the six-month period immediately preceding the date the Substitute Option Holder gives notice of the required repurchase of the Substitute Option or the Substitute Share Owner gives notice of the required repurchase of the Substitute Shares, as applicable; provided, however, that in the event that the Substitute Common Stock is not listed on a national securities exchange or the Nasdaq Stock Market, the term "Highest Closing Price" shall mean the highest known sale price for shares of Substitute Common Stock within the six-month period immediately preceding the date that the Substitute Option Holder gives notice of the required repurchase of the Substitute Option or the Substitute Share Owner gives notice of the required repurchase of the Substitute Shares, as applicable, taking into account the sale prices, if any, for shares of Substitute Common Stock reported in the National Association of Securities Dealers' Electronic Bulletin Board Service or the National Quotation Bureau's "pink sheets" during such six-month period.

Highest Closing Price means either (i) if the Substitute Common Stock is traded on a national securities exchange or interdealer quotation system, the highest closing price for shares of Substitute Common Stock within the six-month period immediately preceding the date the Substitute Option Holder gives notice of the required repurchase of the Substitute Option or the Substitute Share Owner gives notice of the required repurchase of the Substitute Shares, as applicable, or (ii) if the Substitute Common Stock is not so traded, the average price per share of the Substitute Common Stock within such period, as determined by a nationally recognized investment banking firm selected by the Holder.

Highest Closing Price means the highest closing price for shares of 12 97

Highest Closing Price means the highest closing price for shares of Substitute Common Stock within the six-month period immediately preceding the date the Substitute Option Holder gives notice of the required repurchase of the Substitute Option or the Substitute Share Owner gives notice of the required repurchase of the Substitute Shares, as applicable. The term "Minimum Substitute Option Repurchase Price" shall mean $5,000,000 multiplied by a fraction the numerator of which is the number of shares of Substitute Common Stock which may then be purchased upon exercise of the Substitute Option and the denominator of which is the number of shares of Substitute Common Stock which could be purchased upon exercise of the Substitute Option assuming the Substitute Option or the Option had not been previously exercised. The term "Minimum Substitute Share Repurchase Price" shall mean $5,000,000 multiplied by a fraction the numerator of which is the number of shares of Substitute Common Stock designated for repurchase and the denominator of which is the number of shares of Substitute Common Stock which could be purchased upon exercise of the Substitute Option assuming the Substitute Option or the Option had not been previously exercised.