Price Condition means, with respect to a particular date of determination, the VWAP of the Common Stock on each Trading Day during the previous ten (10) Trading Days exceeded 125% of the Conversion Price then in effect. All such determinations to be appropriately adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions during any such measuring period.
Price Condition shall be achieved with respect to the maximum percentage of the Restricted Units set forth below when the average Closing Price (as defined below) per share of Common Stock during a period of twenty (20) consecutive trading days meets or exceeds the applicable “Price Target” on or prior to the Vesting Date, in each case, as specified in the chart below:
Price Condition shall have the meaning given such term in Section 14.5A(3)(b)(ii) hereof.
Examples of Price Condition in a sentence
If the Trading Price Condition has been met as set forth above, then the Company will notify the Holders, the Trustee and the Conversion Agent of the same.
If, on any Trading Day after the Trading Price Condition has been met as set forth above, the Trading Price per $1,000 principal amount of Notes is greater than or equal to ninety eight percent (98%) of the product of the Last Reported Sale Price per share of Common Stock on such Trading Day and the Conversion Rate on such Trading Day, then the Company will notify the Holders, the Trustee and the Conversion Agent of the same.
Neither the Trustee nor the Conversion Agent shall have any duty to determine or verify the Company’s determination of whether the Trading Price Condition has been met.
Upon receipt of such evidence, the Company shall instruct the Bid Solicitation Agent to determine the Trading Price per $1,000 principal amount of the Securities for each of the five (5) successive Trading Days immediately after the Company receives such evidence and on each Trading Day thereafter until the first Trading Day on which the Trading Price Condition is no longer satisfied.
If the Trading Price Condition has been met on any Trading Day, the Company shall so notify the Holders, the Trustee and the Conversion Agent (if other than the Trustee) in writing on or within one Business Day of such Trading Day.
More Definitions of Price Condition
Price Condition means the percentage increase in the Option Price which the average trading price over 20 consecutive trading days of a Common Share on the Toronto Stock Exchange must represent in order for Price-Conditioned Options to be exercisable in accordance with section 4.4 hereof.
Price Condition shall be achieved with respect to the maximum percentage of the RHUs set forth below when the average Closing Price (as defined below) per share of Common Stock during a period of twenty (20) consecutive trading days meets or exceeds the applicable “Price Target”, on or prior to the Expiration Date, in each case, as specified in the chart below:
Price Condition shall be achieved with respect to the percentage of the REUs when the Closing Price per Common Unit meets or exceeds the applicable “Price Target” for a period of [●] consecutive trading days (the “Trading Period”), in each case, as specified in the chart below: The Price Condition is not achieved if the Closing Price is below the Price Target at any point during such Trading Period. In the event of any extraordinary unit distribution, unit split, unit combination, recapitalization, rights offering, split-up, spin-off or similar event that constitutes an “equity restructuring” (as defined under Financial Accounting Standards Board (FASB) Accounting Standards Codification 718) with respect to the Common Units, then the Administrator shall, in the manner determined appropriate or desirable by the Administrator and without liability to any person, adjust any or all of (x) the Price Target, (y) the number of REUs, and (z) any other term applicable to the REUs.
Price Condition means the occurrence of a twenty (20) consecutive Trading Day period during which the closing price on the principal exchange for shares of the Common Stock is greater than $36.83.
Price Condition means that the product of (a) the number of Securities to be offered by the Underwriter in an offering hereunder (x) in connection with a Share Reduction or (y) during the Valuation Period, as the case may be, multiplied by (b) the official closing price per Share as quoted by the Exchange on the Exchange Business Day immediately preceding (x) the day on which Counterparty delivers any written notice relating to such Share Reduction or (y) the first day of the Valuation Period, as the case may be, exceeds $100,000,000.
Price Condition means the average trading price, determined as a percentage increase in the Option Price, at which the Bank’s Common Shares must be traded over 20 consecutive trading days in order for Price-Conditioned Options to be exercisable in accordance with section 4.4;
Price Condition shall be achieved with respect to the maximum percentage of the Restricted Units set forth below when the average Closing Price (as defined below) per share of Common Stock during a period of twenty (20) consecutive trading days meets or exceeds the applicable “Price Target” on or prior to the Vesting Date, in each case, as specified in the chart below: % $ % $ % $ % $ % $ For purposes of this Restricted Holdings Unit Grant Certificate, “Closing Price” for any trading day shall mean the closing price per share of the Corporation’s Common Stock reported on the NYSE (or, if not listed on the NYSE, the principal securities exchange on which such shares are listed). If such shares are not listed on any securities exchange, the Closing Price shall be the fair market value thereof as reasonably determined by the Administrator. In the event of any extraordinary stock distribution, stock split, stock combination, recapitalization, rights offering, split-up, spin-off or similar event that constitutes an “equity restructuring” (as defined under Financial Accounting Standards Board (FASB) Accounting Standards Codification 718) with respect to the shares, the Administrator shall, in the manner determined appropriate or desirable by the Administrator and without liability to any person, adjust any or all of (x) the Price Target, (y) the number of Restricted Units, and (z) any other term applicable to the RHUs. Post-Vesting Transfer Restrictions under Section 3.3 of the Restricted Holdings Unit Agreement: ☐ Applicable ☐ Inapplicable Minimum Retained Ownership Percentage under Section 3.4 of the Restricted Holdings Unit Agreement: ☐ Applicable ☐ Inapplicable Minimum Retained Ownership Percentage if applicable: 25% KKR GROUP PARTNERSHIP L.P., by KKR Group Holdings Corp, its general partner GRANTEE By: Name: Participant Name Title: Grant Acceptance Date: Grant Acceptance Date KKR HOLDINGS II L.P., by KKR Group Holdings Corp, its general partner By: Title: KKR & CO. INC. By: Title: Pursuant to the Restricted Holdings Unit Grant Certificate (the “RHU Grant Certificate”) delivered to the Grantee (as defined in the RHU Grant Certificate), and subject to the terms of this Restricted Holdings Unit Agreement (this “Agreement”), the Limited Partnership Agreement of KKR Group Partnership (as defined below), the Limited Partnership Agreement of Holdings II (as defined below) and the Amended and Restated KKR & Co. Inc. 2019 Equity Incentive Plan (as amended from time to time, the “Pl...