Per Share Market Price means on any particular date (a) the closing bid price per share of the Common Stock on such date on NASDAQ or other registered national stock exchange on which the Common Stock is then listed or if there is no such price on such date, then the closing bid price on such exchange or quotation system on the date nearest preceding such date, or (b) if the Common Stock is not listed then on NASDAQ or any registered national stock exchange, the closing bid price for a share of Common Stock in the over-the-counter market, as reported by the OTC Bulletin Board or in the National Quotation Bureau Incorporated or similar organization or agency succeeding to its functions of reporting prices) at the close of business on such date, or (c) if the Common Stock is not then reported by the OTC Bulletin Board or the National Quotation Bureau Incorporated (or similar organization or agency succeeding to its functions of reporting prices), then the average of the "Pink Sheet" quotes for the relevant conversion period, as determined in good faith by McLaren's Board of Directors, or (d) if the Common Stock is not then publicly traded, the fair market value of a share of Common Stock as determined in good faith by the Company's Board of Directors.
Per Share Market Price means the average closing price per share of Xxxxxx Common Stock on NASDAQ for the five trading days immediately preceding the Closing Date. If the Closing occurs, Purchaser will be entitled to a $50,000 credit against the Purchase Price (which $50,000 represents the deposit previously paid by Purchaser to Sellers which had been forfeited).
Per Share Market Price means, for any date of determination thereof, the average daily Market Price per share for the 15 trading days immediately preceding such date. The term "Market Price" shall mean: the last reported sale price regular way of the common stock on the securities exchange on which the common stock is at the time listed or admitted to unlisted trading privileges, or if the common stock is not at the time so listed or admitted to unlisted trading privileges, the average of the highest reported bid and lowest reported ask prices of the common stock on each such trading day as reported by the Nasdaq Stock Market or similar organization, or if no such report is available, then the fair market price as determined in good faith by the Board of Directors of the Borrower.
Examples of Per Share Market Price in a sentence
For the purposes of this subsection (h), the date as of which the Per Share Market Price shall be computed shall be the earlier of (x) the date on which the Issuer shall enter into a firm contract for the purchase, redemption or acquisition of such Common Stock, or (y) the date of actual purchase, redemption or acquisition of such Common Stock.
In lieu of such fractional Rights, the Company will pay to the registered holders of the Rights Certificates with regard to which such fractional Rights would otherwise be issuable an amount in cash equal to the same fraction of the Current Per Share Market Price of a whole Right, calculated as of the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable.
In lieu of such fractional Rights, there shall be paid to the registered holders of the Rights Certificates with regard to which such fractional Rights would otherwise be issuable, an amount in cash equal to the same fraction of the Current Per Share Market Price of a whole Right.
For purposes of this Section 14(c), the current market value of a Common Share will be the Current Per Share Market Price of a Common Share, calculated as of the Trading Day immediately prior to the date of such exercise or exchange.
If the Security is not publicly held or so listed or traded, Current Per Share Market Price shall mean the fair value per share as determined in good faith by the Board of Directors of the Company, whose determination shall be described in a statement filed with the Rights Agent and shall be conclusive for all purposes.
More Definitions of Per Share Market Price
Per Share Market Price means, for any date of determination thereof, the average daily Market Price per share for the 15 trading days immediately preceding such date. The term "Market Price" shall mean the last reported sale price per share regular way of Borrower's Common Stock as reported on the Nasdaq National Market (provided, that (1) if the shares of such Common Stock then are not traded on the Nasdaq National Market, the average of the highest reported bid and lowest reported asked price for such day as reported by NASDAQ shall be used; (2) if the shares of such Common Stock then are not listed and traded on the NASDAQ, the closing price for such day as reported by the principal national securities exchange on which the shares are listed and traded shall be used; or (3) if the shares of such Common Stock are not then listed or traded on NASDAQ or a national securities exchange, the fair market value as determined jointly in good faith by the Holder and the Borrower shall be used).
Per Share Market Price means on any particular date (a) the Closing Bid Price per share of the Common Stock on such date on the OTC Bulletin Board or other principal stock exchange or quotation system on which the Common Stock is then listed or quoted or if there is no such price on such date, then the Closing Bid Price on such exchange or quotation system on the date nearest preceding such date, or (b) if the Common Stock is not listed then on the OTC Bulletin Board or any stock exchange or quotation system, the Closing Bid Price for a share of Common Stock in such other over-the-counter market, as reported by the Nasdaq Stock Market or in the National Quotation Bureau Incorporated or similar organization or agency succeeding to its functions of reporting prices at the close of business on such date, or (c) if the Common Stock is not then reported by the National Quotation Bureau Incorporated or similar organization or agency succeeding to its functions of reporting prices, then the "Pink Sheet" quotes for the relevant date, as determined in good faith by the Board of Directors, or (d) if the Common Stock is not then publicly traded the fair market value of a share of Common Stock as determined in good faith by the Board of Directors.
Per Share Market Price shall be determined based on the closing bid price of the Common Stock as reported by the National Association of Securities Dealers, Inc. Automated Quotations System.
Per Share Market Price means on any date of determination (a) the lowest reported sales price per share of the Common Stock on such date on the Nasdaq National Market or other stock exchange on which the Common Stock is then listed, as reported on Bloomberg, L.P., or (b) if the Common Stock is not listed on the Nasdaq National Market or such other stock exchange, the lowest reported sales price for a share of Common Stock in the Nasdaq SmallCap Market, as reported on Bloomberg, L.P. (or similar organization or agency succeeding to its functions of reporting prices), or (c) if the Common Stock is no longer reported on Bloomberg, L.P. (or similar organization or agency succeeding to its functions of reporting prices), then the average of the "Pink Sheet" quotes for the relevant conversion period as determined by the Holder, or (d) if the Common Stock is no longer publicly traded, the fair market value of a share of Common Stock as determined by an Appraiser selected in good faith by the holders of a majority of principal amount of outstanding Debentures; provided, however, that the Company, after receipt of the determination by such Appraiser, shall have the right to select an additional Appraiser, in which case, the fair market value shall be equal to the average of the determinations by each such Appraiser.
Per Share Market Price means the market price for a share of Common Stock determined based on a 10-day average closing price per share as reported on the O.T.C. Bulletin Board or other national market where the Common Stock is currently traded.
Per Share Market Price means on any date of determination (a) the lowest reported sales price per share of the Common Stock on such date on the Nasdaq National Market or other stock exchange on which the Common Stock is then listed, as reported on Bloomberg, L.P. or (b) if the Common Stock is not listed on the Nasdaq National Market or such other stock exchange, the lowest reported sales price for a share of Common Stock in the Nasdaq SmallCap Market, as reported on Bloomberg, L.P. (or similar organization or agency succeeding to its functions of reporting prices), or (c) if the Common Stock is no longer reported on Bloomberg, L.P. (or similar organization or agency succeeding to its functions of reporting prices), then the average of the "Pink Sheet" quotes for the relevant conversion period as determined by the holder, or (d) if the Common Stock is no longer publicly traded, the fair market value of a share of Common Stock as determined by an Appraiser selected in good faith by the holders of a majority of shares of Series B Preferred; provided, however, that the Company, after receipt of the determination by such Appraiser, shall have the right to select an additional Appraiser, in which case, the fair market value shall be equal to the average of the determinations by each such Appraiser.
Per Share Market Price means the price determined by an independent appraiser selected by the Board. Nothing contained herein shall prohibit the Remaining Stockholders from agreeing among themselves or with the Redeeming Holder as to the number of Redemption Shares to be purchased by each of them.