OFC Market Value definition
OFC Market Value means, as of any date, the average of the closing sales price of a share of OFC Common Stock, as reported on Nasdaq, for the twenty (20) consecutive trading days ending on the second trading day preceding the date as of which the OFC Market Value is determined.
Examples of OFC Market Value in a sentence
In lieu of the issuance of any such fractional share, OFC shall pay to each former holder of GCB Common Stock who otherwise would be entitled to receive a fractional share of OFC Common Stock, an amount in cash, rounded to the nearest cent and without interest, equal to the product of (i) the fraction of a share to which such holder would otherwise have been entitled and (ii) the OFC Market Value.