Minimum Market Price definition

Minimum Market Price means, with respect to any MWh of Contract Energy for a MISO Settlement Interval in a given MISO Market, the lowest LMP at which Buyer is willing, in the context of such MISO Market, to take delivery of such MWh at the Energy Financial Delivery Point during such MISO Settlement Interval, as provided by Buyer to Seller pursuant to Section 7.3(a)(iii).
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Minimum Market Price has the meaning set forth in the Ratio Letter.
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Minimum Market Price means the product obtained by multiplying the Minimum Acceptable Price by 1.042.
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Examples of Minimum Market Price in a sentence

  • Without limiting the foregoing, absent a Unit Contingency, Seller shall not interrupt, curtail or otherwise reduce the availability or deliveries of Contract Energy for which the LMP exceeds the Minimum Market Price in either MISO Market, regardless of prices or other economic conditions at the Electric Interconnection Point or Injection Point.

  • Buyer may include any curtailment instructions pursuant to clause (i) above or offer instructions pursuant to clause (ii) above in the notice of Minimum Market Price described in Section 7.3(a)(iii).


More Definitions of Minimum Market Price

Minimum Market Price means a per share price for Parent Common Stock which is eighteen percent (18%) below the per share price for Parent Common Stock at the close of trading on the NYSE on the date of execution of this Agreement.
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Minimum Market Price means, with respect to any Shares, 45% of the Market Price of such Shares on the Closing Date as adjusted for stock splits, stock dividends, reverse stock splits and other dilutive and accretive events.
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Minimum Market Price in effect on any date means initially €1, subject to adjustment from time to time concurrently with any adjustment to the Conversion Ratio in accordance with Conditions 15.8.1 or 15.8.2, with any such adjusted Minimum Market Price being equal to the result (rounded to the nearest whole multiple of €0.0001 (with €0.00005 being rounded upwards)) of (x) the Minimum Market Price in effect immediately prior to such adjustment divided by (y) the adjustment factor (as determined pursuant to these Terms and Conditions) applied to the Conversion Ratio in respect of such adjustment.
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Minimum Market Price means $6.25.
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Related to Minimum Market Price

  • Average Market Price means, with respect to any security, the arithmetic average of the Market Price of such security for the 15 consecutive trading day period ending on and including the trading day immediately preceding the determination date.

  • Current Market Price shall have the meaning set forth in Section 11(d) hereof.

  • Market Price as of any date, (i) means the average of the last reported sale prices for the shares of Common Stock on the OTCBB for the five (5) Trading Days immediately preceding such date as reported by Bloomberg, or (ii) if the OTCBB is not the principal trading market for the shares of Common Stock, the average of the last reported sale prices on the principal trading market for the Common Stock during the same period as reported by Bloomberg, or (iii) if market value cannot be calculated as of such date on any of the foregoing bases, the Market Price shall be the fair market value as reasonably determined in good faith by (a) the Board of Directors of the Company or, at the option of a majority-in-interest of the holders of the outstanding Warrants by (b) an independent investment bank of nationally recognized standing in the valuation of businesses similar to the business of the corporation. The manner of determining the Market Price of the Common Stock set forth in the foregoing definition shall apply with respect to any other security in respect of which a determination as to market value must be made hereunder.

  • 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.

  • Event Market Price means, with respect to any Stock Combination Event Date, the quotient determined by dividing (x) the sum of the VWAP of the Common Stock for each of the five (5) lowest Trading Days during the twenty (20) consecutive Trading Day period ending and including the Trading Day immediately preceding the sixteenth (16th) Trading Day after such Stock Combination Event Date, divided by (y) five (5). All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, recapitalization or other similar transaction during such period.

  • 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.

  • VWAP Price means, on any Exchange Business Day, the per Share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page “ECPG <equity> AQR” (or any successor thereto) in respect of the period from 9:30 a.m. to 4:00 p.m. (New York City time) on such Exchange Business Day (or if such volume-weighted average price is unavailable, the market value of one Share on such Exchange Business Day, as determined by the Calculation Agent using a volume-weighted method).