Prevailing Market Price definition

Prevailing Market Price means, with respect to any reference date, the average of the Daily Market Prices of the Common Stock (or, for purposes of determining the Prevailing Market Price of the common stock of an Acquiring Person or its Parent under Section 6(f), the common stock of such Acquiring Person or such Parent) for the twenty-five (25) Business Days ending on and including the third (3rd) Business Day before such reference date.

Prevailing Market Price means, with respect to any reference date, the average of the Daily Market Prices of the Common Stock (or, for purposes of determining the Prevailing Market Price of the common stock of an Acquiring Person under Section 6(F), the common stock of such Acquiring Person) for the forty (40) Business Days ending on and including the third (3rd) Business Day before such reference date, but not greater than the average of the Daily Market Prices of the Common Stock for the first three (3) or the last three (3) Business Days of such forty (40) Business Day period.

Prevailing Market Price as defined in the Indenture, means the average of the daily average bid and asked prices (or if no bid and asked prices are reported the average of the daily price) for the Notes for each trading day during the ten trading day period prior to the Applicable Filing Date as reported by High Yield Advantage Data (or if not reported by High Yield Advantage Data, a similar service) expressed as a percentage of principal amount, provided that in no event shall Prevailing Market Price be less than 103.00% or exceed 107.00%, in all cases plus accrued and unpaid interest to the date of purchase.

Examples of Prevailing Market Price in a sentence

• If an Effective Election Notice provides that the Company shall redeem such shares for cash, then such shares shall be redeemed for cash in an amount equal to the product of (x) (1) the aggregate Stated Value of such shares divided by (2) the Prevailing Market Price as of the date the Redemption Notice is delivered multiplied by (y) the Daily Market Price of Common Stock on the third Business Day preceding the date the Redemption Notice is delivered (the “Redemption Cash Amount”).

• If the redemption is not made for cash pursuant to Section 6(B)(ii) hereof, then such shares of stock shall be redeemed into that number of shares of Registered Common Stock (or at the sole election of the Holder, unregistered Common Stock) equal to (A) the aggregate Stated Value of such shares divided by (B) the Prevailing Market Price as of the date the Redemption Notice is delivered (the “Redemption Stock Amount”).

• If the Prevailing Market Price (less Transaction Costs) (expressed as $/MWh) is greater than the Facility Electric Energy Rate, the Pre COD Test Energy Rate shall be the sum of the Facility Electric Energy Rate, plus 95% of the difference between the Facility Electric Energy Rate and the Prevailing Market Price (less Transaction Costs).

• If the Prevailing Market Price (less Transaction Costs) is less than the Facility Electric Energy Rate, the Pre COD Test Energy Rate shall be 100% of such Prevailing Market Price less Transaction Costs, (but not including Scheduling Fees).

• Prevailing Market Price: The average of the daily closing prices of the Common Stock for 30 consecutive trading days immediately preceding the day in question after appropriate adjustment for stock dividends, subdivisions, combinations or reclassifications occurring within said 30-day period.

More Definitions of Prevailing Market Price

Prevailing Market Price means the best price available to Buyer (i.e., highest price when Buyer markets Test Energy and Incremental Energy and lowest price when Buyer procures Substitute Power) actually obtained for energy or capacity (taking into account the type, reliability, and duration and other relevant attributes of such energy or capacity), which shall be obtained through commercially reasonable efforts, as evidenced, upon request of Seller, by documentation of such price, unless and until an index or other mechanism mutually acceptable to the Parties is created and agreed upon by the Parties to serve as the Prevailing Market Price.

Prevailing Market Price. ’ means the average market

Prevailing Market Price average of the daily closing prices of the GG Shares for 30 consecutive trading days immediately preceding the day in question after appropriate adjustment for dividends, subdivisions, combinations or reclassifications occurring within said 30-day period;

Prevailing Market Price means the arithmetic average of the Common Stock VWAP on each of the 20 consecutive Trading Days ending on and including the Trading Day immediately preceding the date as of which the Prevailing Market Price is to be determined.

Prevailing Market Price means the average of the daily VWAP prices of the GG Shares for 30 consecutive trading days immediately preceding the day in question after appropriate adjustment for dividends, subdivisions, combinations or reclassifications occurring within a said 30-day period;

Prevailing Market Price in relation to any goods sold means the published price in force in the market at the time when the sale of such goods occasioned or, in the absence of any such published price, the price at which such goods were capable of being sold in the open market at that time;

Prevailing Market Price means the price prevailing on the relevant exchange on such day prior to the time that any purchase is made or any purchase order is placed by or on behalf of Loen.