Examples of Minimum Unit Price in a sentence
Bids stating no Unit Price whatsoever, shall be deemed as having been submitted at the Minimum Unit Price.
The Trust therefore has until early October 2009 to achieve compliance with the Minimum Unit Price Test by attaining a closing price for the Trust Units of at least US$1.00 over a consecutive 30 day trading period.
Bids submitted in the tender stating a Unit Price lower than the Minimum Unit Price, shall be deemed not to have been submitted at all.
Under the NYSE rules, the Trust was given 6 months to achieve compliance with the Minimum Unit Price Test.
On February 26, 2009, the NYSE temporarily suspended the application of the Minimum Unit Price Test until June 30, 2009.
On December 5, 2008, the Trust received a letter from New York Stock Exchange (“NYSE”) Regulation indicating that the Trust was below criteria with respect to the Minimum Unit Price Test.
Each bidder shall state, in his bid, the number of Units he seeks to purchase and the Unit price offered by him, which shall not exceed the Maximum Unit Price and shall not be less that the Minimum Unit Price.
The Enterra Board has considered the potential adverse effects to the Trust of a delisting from NYSE and has determined that, outside of a wider market turnaround, a Unit Consolidation may be the best way of maintaining compliance with the NYSE’s Minimum Unit Price Test.