Prevailing Price definition
Examples of Prevailing Price in a sentence
The Company and Prides agree that, by operation of Section 5(f) of the Agreement, as of the date hereof, the Conversion Price applicable to the Initial Preferred Shares is $7.2976 and the Conversion Price applicable to the Additional Preferred Shares is the greater of (a) $7.2976 or (b) 79.6105% of the Prevailing Price (as defined in the Subsequent Certificate), calculated as of the delivery date of the corresponding F▇▇▇▇▇▇▇ Notice.
Provided that the Buyer obtains the prior approval of Seller, Buyer may Overlift an agreed volume and Seller shall supply such agreed volume at the Prevailing Price set out in the Existing Agreement or, if there is no Existing Agreement, on a price as agreed between the Parties.
In such case, RTC shall value the equity at the Prevailing Price and distribute the cash equivalent (or equivalent Equity) in accordance with Paragraph 5.
For a period of 15 years after the date of delivery of the Goods to ▇▇▇▇▇▇, Supplier shall supply spare parts to ▇▇▇▇▇▇ at the Prevailing Price, and assist ▇▇▇▇▇▇ in developing alternative sources of supply for, any spare parts necessary to the repair or operation of the Goods.
In such circumstances, the price payable for the Under Lift will be calculated using the greater of the agreed fixed price or maximum price for the Fixed Price Basis Volume (as applicable depending on the type of Fixed Price Basis on which the Sales Order is made) AND the Prevailing Price.