Initial Closing Price Per Share definition

Initial Closing Price Per Share means an amount equal to 115% of the average of the daily VWAPs for the Common Stock for each of the thirty (30) consecutive calendar days ending on (and including) the calendar day immediately prior to the Signing Date.
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Initial Closing Price Per Share means a price per share of Common Stock equal to 135% of the average of the daily VWAPs for the Common Stock for each of the ten (10) consecutive Trading Days ending on (and including) the Trading Day immediately prior to the Signing Date; provided, however, that to the extent VWAP for the Common Stock is not available for a certain Trading Day (the “VWAP Unavailable Date”) during the ten consecutive Trading Days, the VWAP for the Trading Day immediately preceding the VWAP Unavailable Date shall be used as the VWAP for the VWAP Unavailable Date.
Sample 1

Examples of Initial Closing Price Per Share in a sentence

  • Notwithstanding the foregoing, if the Initial Closing does not occur by May 1, 2018, in lieu of purchasing the Initial Closing Shares at the Initial Closing Price Per Share, the Purchaser will pay the Company the Alternative Initial Cash Payment (as defined in the Collaboration Agreement) (the “Alternative Initial Closing”).

Related to Initial Closing Price Per Share

  • 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

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