Examples of Initial Index Price in a sentence
If a company is excluded from the list of Index Companies, then the Initial Index Price and the Final Index Price shall be calculated as if the excluded company had not originally been included in the list of companies.
The "Initial Index Price" means the average of the closing prices per share of each of the common stocks of the Index Companies (defined below) as reported on NYSE, The Nasdaq Stock Market ("NASDAQ"), or the American Stock Exchange ("AMEX") on September 9, 1999 ("Initial Index Date").
By NorthStar, by written notice to Frontier on the business day immediately following the Determination Date, in the event that (i) the Frontier Average Closing Price is less than $22.81, and (ii) the number obtained by dividing the Frontier Average Closing Price by $28.51 is less than the number obtained by (x) dividing the Final Index Price (as defined below) by the Initial Index Price (as defined below), and then (y) multiplying the quotient so obtained by 0.90.
Unless otherwise agreed to by Customer and Marathon, if Customer is receiving supply service under a fixed price or an index price, upon completion of the Initial Fixed Price Term or Initial Index Price Term, this Agreement will automatically continue at a variable rate methodology unless and until this Agreement is terminated by customer.
Such election must be made by October 20, 2010, and if made, the Required Quantity of Gold to be delivered will be adjusted to equal that quantity of Gold that can be purchased with the Prepaid Price based on the lesser of either (i) $960 per ounce of fine gold or (ii) a 15% discount to the Initial Index Price.