Hurdle Price definition

Hurdle Price means US$155.00; provided, however, that such amount shall be (i) adjusted in an appropriate and proportionate manner consistent with the provisions for adjusting the Exercise Price in Section 2(a)(1) for any events that require an adjustment in the Exercise Price pursuant to such section and (ii) reduced by an amount equal to the pre-tax value (determined pursuant to Section 2(b)(i)) per Common Share of any dividend or other distribution described in Section 2(a)(3).
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Hurdle Price means [●].
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Hurdle Price as used herein shall equal $6.50, subject to adjustment pursuant to paragraph 3 above. The "Closing Price" as used herein shall mean the average of the closing prices for a share of Common Stock on the twenty (20) consecutive trading days ending on the trading date last preceding an optional redemption date, the Mandatory Redemption Date (as defined below), the date of an event described in paragraph 4(a) above or the closing date of an Acquisition (as defined below), as the case may be, as reported on the National Association of Securities Dealers, Inc.'s Automated Quotations System ("Nasdaq") or if such closing prices shall not be reported on Nasdaq, the average of the closing prices, regular way, for a share of such security on the principal national securities exchange on which such security is listed on such twenty (20) consecutive trading days, or if such security is not listed on any national securities exchange, the average of the mean between the closing bid and asked prices of a share of such security on such twenty (20) consecutive trading days as reported, or if such prices shall not be so reported, as the same shall be reported by the National Quotation Bureau, Incorporated or, in all other cases, the value set in good faith by the Board.
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Examples of Hurdle Price in a sentence

  • Upon a Sale Event, this Stock Option shall become exercisable in accordance with the exercisability schedule set forth above to the extent the Sale Price (as defined in Section 1 of the Plan) exceeds the applicable Hurdle Price.

  • If, during the Performance Period, a Hurdle Date occurs with respect to the highest Hurdle Price Level (i.e., $25.00), then the number of PSUs that shall be earned on such Hurdle Date shall be reduced, if necessary, such that the total number of PSUs that are earned during the Performance Period shall be equal to 100% of the Target Award.

  • For the avoidance of doubt, no more than one Hurdle Date may occur during the Performance Period with respect to each Hurdle Price Level.

  • Specifically, on each Hurdle Date that occurs during the Performance Period, a number of PSUs equal to one-eighth (1/8) of the Target Award shall be earned for each Hurdle Price Level that is achieved on such Hurdle Date, rounded up to the nearest whole PSU.

  • If, on a given Hurdle Date, more than one Hurdle Price Level is achieved for the first time, then the number of PSUs that shall be earned on such Hurdle Date shall be equal to the product of (i) one-eighth (1/8) of the Target Award multiplied by (ii) the number of Hurdle Price Levels that are achieved for the first time on such Hurdle Date, rounded up to the nearest whole PSU.

  • For the avoidance of doubt, once a Hurdle Date for a Hurdle Price Level is achieved, the applicable percentage of Award LTIP Units will be earned regardless of whether the Closing Price later falls below such Hurdle Price Level and further provided that Employee can only earn Award LTIP Units once per Hurdle Price Level.

  • The Award LTIP Units will be subject to forfeiture based on the Company’s failure to achieve the Hurdle Price Level for a consecutive twenty (20) trading day period during the Performance Period, as set forth in this Section 3, subject to Section 5 hereof in the event of a Change in Control.

  • Subtract $3 from all the numbers, so the Closing Price on that date would be deemed to have been $27, the First Hurdle Price would become $29.315 and the Second Hurdle Price would become $33.53.

  • For the avoidance of doubt, any such distributions shall first be applied to reduce the Hurdle Price until the Hurdle Return Value is zero and shall not again count as a distribution for purposes of this Section 9.

  • For each stock dividend that is paid during the Performance Period, (x) the First Hurdle Price, (y) the Second Hurdle Price and (z) the Closing Price, in each case, for each trading day during the Performance Period that is less than 365 days prior to the relevant ex-dividend date, shall be deemed to be divided by the sum of (a) one and (b) the percentage equal to the stock dividend.


More Definitions of Hurdle Price

Hurdle Price means (x) prior to the time that both the new Valley Group and the High River Group have made investments in Shares equal to at least the First Stage Investment (the "First Stage Completion Date"), $35.50 per Share and (y) at all times from and after the First Stage Completion Date and prior to the Second Stage Completion Date, $31.00 per Share.
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Hurdle Price means $20.40, which is equal to one hundred and thirty-five percent (135%) of the Closing Price on the Grant Date.
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Hurdle Price as used herein shall mean the amount that is the average of the closing prices for a share of Sentry Common Stock on the 20 consecutive trading days ending on the trading date last preceding the first anniversary of the filing of this Certificate; provided, however, that in no event shall the Hurdle Price be less than $5.00 or more than $6.50, such that (x) if such average amount is less than $5.00 the Hurdle Price shall equal $5.00, and (y) if such average amount is more than $6.50 the Hurdle Price shall equal $6.50, subject to adjustment pursuant to paragraph 3 above. The "Closing Price" as used herein shall mean the average of the closing prices for a share of Common Stock on the twenty (20) consecutive trading days ending on the trading date last preceding an optional redemption date, the Mandatory Redemption Date (as defined below), the date of an event described in paragraph 4(a) A-6 above or the closing date of an Acquisition (as defined below), as the case may be, as reported on the National Association of Securities Dealers, Inc.'s Automated Quotations System ("Nasdaq") or if such closing prices shall not be reported on Nasdaq, the average of the closing prices, regular way, for a share of such security on the principal national securities exchange on which such security is listed on such twenty (20) consecutive trading days, or if such security is not listed on any national securities exchange, the average of the mean between the closing bid and asked prices of a share of such security on such twenty (20) consecutive trading days as reported, or if such prices shall not be so reported, as the same shall be reported by the National Quotation Bureau, Incorporated or, in all other cases, the value set in good faith by the Board.
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Hurdle Price means a price per share of Class A Common Stock equal to one hundred twenty percent (120%) of the Conversion Price then in effect.
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Hurdle Price means (x) prior to the time that both the New Valley Group
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Related to Hurdle Price

  • Closing Sale Price means, for any security as of any date, the last closing trade price for such security on the Principal Market, as reported by Bloomberg, or, if the Principal Market begins to operate on an extended hours basis and does not designate the closing trade price, then the last trade price of such security prior to 4:00:00 p.m., New York time, as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange or trading market for such security, the last trade price of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing does not apply, the last trade price of such security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no last trade price is reported for such security by Bloomberg, the average of the ask prices of any market makers for such security as reported in The Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices). If the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Sale Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved in accordance with the procedures in Section 15. All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during such period.

  • Sale Price means the value as determined by the Administrator of the consideration payable, or otherwise to be received by stockholders, per share of Stock pursuant to a Sale Event.

  • Make-Whole Price with respect to any Notes to be redeemed, means an amount equal to the greater of:

  • Cash sale price means the price of a good or service a retail buyer would pay if he or she paid for the good or service in cash, and that is stated in a retail installment contract or in a sales slip or other memorandum furnished by a retail seller to a retail buyer pursuant to a retail charge agreement for that good or service. The cash sale price may include any taxes and charges for delivery, installation, servicing, repairs, alterations, or improvements.

  • Minimum Sale Price means (i) with respect to a Receivable (x) that has become 60 to 210 days delinquent or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has been repossessed by the Servicer and has not yet been sold at auction, the greater of (A) 55% multiplied by the Principal Balance of such Receivable and (B) the product of the three month rolling average recovery rate (expressed as a percentage) for the Servicer in its liquidation of all receivables for which it acts as servicer, either pursuant to this Agreement or otherwise, multiplied by the Principal Balance of such Receivable or (ii) with respect to a Receivable (x) with respect to which the related Financed Vehicle has been repossessed by the Servicer and has been sold at auction and the Net Liquidation Proceeds for which have been deposited in the Collection Account, or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has not been repossessed by the Servicer despite the Servicer’s diligent efforts, consistent with its servicing obligations, to repossess the Financed Vehicle, $1.

  • Market Value Adjustment means, on a given date, an amount equal to the lesser of (x) 98% and (y) a percentage determined according to the following formula: Market Value Adjustment = 98% – [(10yrCMTt – 10yrCMTlaunch) ×Duration], where 10yrCMTt = the 10-Year Treasury Constant Maturity Rate published each business day by the Board of Governors of the Federal Reserve System, or, if such rate ceases to be published, a successor rate reasonably determined by the Trustees (the “10-Year CMT”), on such repurchase date; 10yrCMTlaunch = the 10-Year CMT as of the end of the Initial Offering Period; and Duration = an estimate of the duration of the periodic interest payments of a hypothetical coupon-paying U.S. Government Security with a 25-year maturity, calculated by the Trust’s Investment Manager as of the end of the Initial Offering Period;

  • SAFE Price means the price per share equal to (x) the Valuation Cap divided by (y) the Fully Diluted Capitalization.

  • Average Price means the average closing price of a share of the Substitute Common Stock for the one year immediately preceding the consolidation, merger or sale in question, but in no event higher than the closing price of the shares of Substitute Common Stock on the day preceding such consolidation, merger or sale; provided that if Issuer is the issuer of the Substitute Option, the Average Price shall be computed with respect to a share of common stock issued by the person merging into Issuer or by any company which controls or is controlled by such person, as the Holder may elect.

  • Average Sale Price means the average of the Sale Prices of the Common Stock for the shorter of

  • Time sale price means the total of the cash price of the goods and services or services, the finance charge, and the amounts, if any, included for insurance premiums and official fees.

  • Closing Price has the meaning assigned to such term in Section 15.1(a).

  • Re-Price means that the Company has lowered or reduced the Exercise Price of outstanding Options and/or outstanding SARs for any Participant(s) in a manner described by SEC Regulation S-K Item 402(d)(2)(viii) (or as described in any successor provision(s) or definition(s)).

  • Applicable Price has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Closing Price Per Share means, with respect to the Common Stock, for any day, (i) the last reported sale price regular way on the Nasdaq National Market or, (ii) if the Common Stock is not quoted on the Nasdaq National Market, the last reported sale price regular way per share or, in case no such reported sale takes place on such day, the average of the reported closing bid and asked prices regular way, in either case, on the principal national securities exchange on which the Common Stock is listed or admitted to trading, or (iii) if the Common Stock is not quoted on the Nasdaq National Market or listed or admitted to trading on any national securities exchange, the average of the closing bid prices in the over-the-counter market as furnished by any New York Stock Exchange member firm selected from time to time by the Company for that purpose.

  • The Price means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations.

  • Average Wholesale Price or “AWP” means the wholesale price charged on a specific commodity that is assigned by the drug manufacturer and is listed in a nationally-recognized drug pricing file.

  • Per Share Price shall have the meaning set forth in Section 2.1.

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported on the Pink Open Market. If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 12 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Issuance Price means the Sales Price less the Selling Commission.

  • Final Share Price for a Share means the Closing Price on the Exchange (or where such Exchange does not announce or publish a Closing Price, the last traded price, or, if necessary, the mid-market price) for that Share on the Final Valuation Date, subject to adjustments that may be made pursuant to “DESCRIPTION OF THE NOTES – Adjustments and Exceptional Circumstances”.

  • Hurdle Amount means for the applicable period, an amount equal to 5.0% of the Beginning VPU.

  • Common Share Price means the volume weighted average per share trading price of the Common Shares on the TSX for the 10 consecutive Trading Day period ending on the Trading Day immediately before the occurrence of a Trigger Event, or if the Common Shares are not then listed on the TSX, the principal stock exchange on which the Common Shares are then listed or quoted (being the stock exchange with the greatest volume of trading in the Common Shares during the previous six months), or if such shares are not listed or quoted on any stock exchange, or if no such trading prices are available, the Floor Price.

  • Floor Price means the minimum price set by the Company in the Issuance Notice below which the Agent shall not sell Shares during the applicable period set forth in the Issuance Notice, which may be adjusted by the Company at any time during the period set forth in the Issuance Notice by delivering written notice of such change to the Agent and which in no event shall be less than $1.00 without the prior written consent of the Agent, which may be withheld in the Agent’s sole discretion.

  • Average Closing Price means the average of the closing market prices of a Share over the last five (5) Market Days on which transactions in the Shares were recorded on the SGX-ST immediately preceding the date of the Market Purchase by the Company or, as the case may be, the date of the making of the offer pursuant to the Off-Market Purchase, and deemed to be adjusted for any corporate action that occurs after the relevant five-day period; and

  • Average Share Price means the average of the closing price per share of Class A Common Stock on the New York Stock Exchange on the Friday (or if Friday is not a trading day, the last trading day before such Friday) for each week of the calendar quarter ending on the Quarter Date.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.