Examples of Round Price in a sentence
Assuming that bidder X had submitted in the current round for City 1 for 4 channels at Clock Round Price of Rs. 100, City 2 for 1 channel at Clock Round Price of Rs. 200, and City 3 for 2 channels at Clock Round Price of Rs. 50.
The count for the number of times at which bidder Y has submitted the bid for Unique Clock Round Price will be 2.In this case, when the two bidders, X and Y, are considered for ranking for Round No. 20, bidder X will be ranked higher than Y.
Where there is a tie according to the Tie Rule I, ranking will be in descending order of the count of the number of times the bid has been submitted for a Unique Clock Round Price for the particular City;Hence, considering a situation where there are two bidders, X and Y, who are tied in Round No. 20 for a particular City (at Clock Round Price of Rs. 250).
In the event that a New Issuance is made at a Down Round Price and includes both equity securities and rights to acquire additional securities (whether in the form of warrants, options or other rights) (the “Rights”), then as part of any full ratchet adjustment the Company shall also include, within the Holder’s Down Round Issuances, that number of Rights which Holder would have acquired had it participated in the New Issuance.
Similarly, if Bidder Y had submitted in the current round for City 4 for 2 channels at Clock Round Price of Rs. 200, City 5 for 2 channels at Clock Round Price of Rs. 180, and City 3 for 2 channels at Clock Round Price of Rs. 50.
During each Clock Round, bids may be placed for some or all of the Service Areas according to the detailed bidding rules described below.In each Clock Round, bidders will be told the Clock Round Price per Block for each of the service areas.
As a result of the ranking rules, the Provisional Winning Price will never be strictly greater than the last completed Clock Round Price.
The count for the number of times at which bidder X has submitted his bid for Unique Clock Round Price will be 3 i.e. where the bidder has submitted at Clock Round Price of Rs. 150, Rs. 175 and Rs. 200.At the same time, bidder Y had submitted the bid in Clock Round No. 5 (@ Rs. 100), and Round No. 19 (@ Rs. 220).
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Round Price: shall mean the price set by the Storage Operator for a specific Round.