Last Reported Sales Price definition

Last Reported Sales Price of Common Units on any date means the closing sale price per Common Unit (or if no closing sale price is reported, the average of the closing bid and ask prices or, if more than one in either case, the average of the average closing bid and the average closing ask prices) on such date as reported in composite transactions for the principal United States national or regional securities exchange on which Common Units are traded or, if Common Units are not listed for trading on a United States national or regional securities exchange on the relevant date, the Last Reported Sales Price will be the last quoted bid price for Common Units in the over-the-counter market on the relevant date as reported by OTC Markets Group Inc. or a similar organization. In the absence of such a quotation, the Last Reported Sales Price will be the average of the mid-point of the last bid and ask prices for Common Units on the relevant date from each of at least three nationally recognized independent investment banking firms selected by the Partnership for this purpose.

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Last Reported Sales Price shall be determined without regard to after-hours trading or any other trading outside of regular trading session hours. Any price of the Common Shares (or such other security) in Canadian Dollars shall be converted into U.S. Dollars based on then current exchange rates between the Canadian Dollar and the U.S. Dollar as determined by the Company.

Last Reported Sales Price of the Common Stock on any date of determination means:

Examples of Last Reported Sales Price in a sentence

If, by reason of any adjustment made pursuant to this Section 4 or as a result of a holder holding a fraction of a Warrant, the holder of any Warrant would be entitled, upon the exercise of such Warrant or fraction of a Warrant, to receive a fractional interest in a share, the Company shall pay an amount in cash equal to the Last Reported Sales Price of the Common Shares, as determined on the date the Warrant is presented for exercise, multiplied by such fraction, computed to the nearest whole U.S. cent.
Instead, the Company shall pay cash in lieu of fractional shares based on the Last Reported Sales Price of the Common Stock on the relevant Conversion Date (or, if the Conversion Date is not a Trading Day, the next following Trading Day).
Such bond shall be in an amount equal to the product of the Last Reported Sales Price on the date of the applicable Certificate Request (or the date of the filing of the complaint, if no Certificate Request was delivered), multiplied by the number of Warrant Shares Beneficially Owned by the Holders who are plaintiffs in such complaint.
For the avoidance of doubt, the Trustee shall not be obligated to make any calculations hereunder, obtain or determine the Last Reported Sales Price, obtain, determine or monitor the Trading Price or determine the Daily VWAP.
These calculations include, but are not limited to, determinations of the Last Reported Sales Price, accrued interest payable on the Notes and the Conversion Rate on the Notes.
In the case of any such set-off against Common Stock delivered upon conversion of the Notes, such Common Stock shall be valued based on the arithmetic average of the Last Reported Sales Price of the Common Stock for each of the last 20 Trading Days immediately preceding the date of payment of Common Stock on the Notes.
The current market value of a fractional share shall be the Last Reported Sales Price on the Trading Day immediately preceding the Conversion Date.
These calculations include, but are not limited to, determinations of the Last Reported Sales Price, accrued interest payable on the Notes, the Daily VWAP, the Daily Settlement Amount and the Conversion Rate on the Notes.
In addition, until the Shelf Registration Statement has been declared effective, the Company shall become obligated to pay to each Investor who continues to hold Registrable Securities on the first day of each calendar month after the Effective Date (each a "Subsequent Computation Date") a cash payment equal to one percent (1%) of the Last Reported Sales Price multiplied by the number of Registrable Securities held by such Investor as of such Subsequent Computation Date.
For the avoidance of doubt, the Trustee shall not be obligated to make any calculations hereunder, obtain or determine the Last Reported Sales Price, obtain, determine or monitor the Trading Price or determine the Volume-Weighted Average Price.

More Definitions of Last Reported Sales Price

Last Reported Sales Price on any date shall mean the closing sale price per share of the Continuing Corporation Common Shares (or if no closing sale price is reported, the average of the closing bid and asked prices) on that date as reported in composite transactions for the principal U.S. securities exchange on which the Continuing Corporation Common Shares is traded or, if same is not listed on a U.S. national or regional securities exchange, as reported by the Nasdaq Global Market or Nasdaq Capital Market or OTC-BB, as applicable. If the Continuing Corporation Common Shares is not listed for trading on a U.S. national or regional securities exchange and not reported by the Nasdaq Global Market or Nasdaq Capital Market or OTC-BB on the relevant date, the Last Reported Sales Price will be the last quoted bid price for a Continuing Corporation Common Share in the over-the-counter market on the relevant date as reported by Pink Sheets LLC or similar organization.

Last Reported Sales Price means, on any date, the closing sale price per share of the Common Stock (or if no closing sale price is reported, the average of the bid and ask prices or, if more than one in either case, the average of the average bid and the average ask prices) on that date as reported in composite transactions for the principal U.S. national or regional securities exchange on which the Common Stock is listed for trading. If Common Stock is not listed for trading on a U.S. national or regional securities exchange on the relevant date, the "last reported sale price" shall be the last quoted bid price for Common Stock in the over-the-counter market on the relevant date as reported by the National Quotation Bureau or similar organization. If Common Stock is not so quoted, the "last reported sales price" shall be the average of the mid-point of the last bid and ask prices for Common Stock on the relevant date from each of at least three nationally recognized independent investment banking firms selected by the Company for this purpose.