Security Price definition
Security Price on any Trading Day means
Security Price means, for any security, the average of the closing prices for such security on the principal securities exchange or automated quotation system on which the security is traded or listed for the 20 trading days ended on the trading date immediately preceding the date as of which the Security Price is being determined; provided, however, that if the security is not publicly-traded, then the Security Price shall be equal to the fair market value of the security as determined by the Board.
Security Price means, in respect of any Automatic Early Redemption Valuation Date, the price per Security as determined by the Calculation Agent as of the Valuation Time on the relevant Exchange on such Automatic Early Redemption Valuation Date.
Examples of Security Price in a sentence
The obligations of the Selling Security Holders, pursuant to this Section 9(a) shall be limited to an amount not exceeding the product of the Per Security Price to Public of the Securities as set forth on the cover page of the Prospectus and the number of Securities being sold by each of them.
Anything herein to the contrary notwithstanding, no interest or dividends shall accrue or be payable or paid on the Company Option Security Price to any Person hereunder.
These calculations include, but are not limited to, determinations of accrued interest, including Contingent Cash Interest and Additional Interest, the Redemption Price, the Conversion Rate, the Optional Repurchase Price, the Fundamental Change Repurchase Price, the Security Price, the Sale Price of the Company's Common Stock and other calculations related to a Holder's conversion rights.
Any Holder may surrender all or any portion of his or her Securities for conversion during the five consecutive Trading Day period following any 10 consecutive Trading Day period in which (A) the Security Price of the Securities for each Trading Day during such 10-day period was less than 105% of the Conversion Value for the Securities and (B) the Conversion Value for each Trading Day during such 10-day period was less than 90% of the principal amount per Security.
Guarantor: Chubb Limited Size: Trade Date: Maturity Date: Coupon (Interest Rate): Yield to Maturity: Spread to Benchmark Government Security: Benchmark Government Security: Benchmark Government Security Price and Yield: Interest Payment Dates: Redemption Provision: Price to Public: Settlement Date: Underwriters: CUSIP/ISIN/Common Code: Exhibit B The following opinion statements are issued subject to the respective assumptions and qualifications in the opinion letter.
More Definitions of Security Price
Security Price has the meaning set out in § 10(m).
Security Price on any date of determination means the average of the secondary market bid quotations per Security obtained by the Company or the Bid Solicitation Agent for $5,000,000 principal amount at Maturity of the Securities at approximately 4:00 p.m., New York City time, on such determination date from three independent nationally recognized securities dealers selected by the Company, provided that if at least three such bids cannot reasonably be obtained by the Company, but two such bids are obtained, then the average of the two bids shall be used, and if only one such bid can reasonably be obtained by the Company, such bid shall be used. If the Company cannot reasonably obtain at least one bid for $5,000,000 principal amount at Maturity of the Securities from a nationally recognized securities dealer or if, in the Company’s reasonable judgment, the bid quotations are not indicative of the secondary market value of the Securities, then the Security Price will equal (a) the then-applicable Conversion Rate of the Securities multiplied by (b) the Sale Price of the Common Stock on such determination date. Bids used to determine the Security Price will be solicited by the Bid Solicitation Agent from securities dealers that the Company believes are willing to bid for the Securities.
Security Price means, as of any date of determination, the average of the secondary market bid quotations per $1,000 original Principal Amount at Final Maturity obtained by the Bid Agent for $5,000,000 original Principal Amount at Final Maturity of Securities at approximately 4:00 p.m. (New York City time) on such determination date from three recognized securities dealers in The City of New York (none of which shall be an Affiliate of the Company) selected by the Company; provided, however, if (a) at least three such bids are not obtained by the Bid Agent or (b) in the Company’s reasonable judgment, the bid quotations are not indicative of the secondary market value of the Securities as of such determination date, then the Security Price for such determination date shall equal (i) the Conversion Rate in effect as of such determination date multiplied by (ii) the average Sale Price for the five trading days ending on such determination date, appropriately adjusted to take into account the occurrence, during the period commencing on the first of such trading days during such five trading day period and ending on such determination date, of any event described in Section 11.06, 11.07, 11.08 or 11.09 (subject to the conditions set forth in Sections 11.10 and 11.11) of the Indenture. Upon determination that Holders will be entitled to receive contingent interest which may become payable during a Contingent Interest Period, on or prior to the first day of such Contingent Interest Period, the Company shall issue a press release and publish such information on its web site or such other media as the Company shall determine.
Security Price means, as of any date of determination, the average of the secondary market bid quotations per $1,000 original Principal Amount at Final Maturity obtained by the Bid Agent for $5,000,000 original Principal Amount at Final Maturity of Securities at approximately 4:00 p.m. (New York City time) on such determination date from three recognized securities dealers in The City of New York (none of which shall be an Affiliate of the Company) selected by the Company; provided, however, if (a) at least three such bids are not obtained by the Bid Agent or (b) in the Company’s reasonable judgment, the bid quotations are not indicative of the secondary market value of the Securities as of such determination date, then the Security Price for such determination date shall equal (i) the Conversion Rate in effect as of such determination date multiplied by (ii) the average Sale Price for the five trading days ending on such determination date, appropriately adjusted to take into account the occurrence, during the period commencing on the first of such trading days during such five trading day period
Security Price on any date of determination means the average of the secondary market bid quotations for Securities obtained by the Company or the Bid Solicitation Agent for $5,000,000 Principal Amount at Issuance of the Securities at approximately 4:00 p.m., New York City time, on such determination date from three independent nationally recognized securities dealers selected by the Company, provided that if at least three such bids cannot reasonably be obtained by the Company or the Bid Solicitation Agent, but two such bids are obtained, then the average of the two bids shall be used, and if only one such bid can reasonably be obtained by the Company or the Bid Solicitation Agent, such bid shall be used. If the Company or the Bid Solicitation Agent cannot reasonably obtain at least one bid for $5,000,000 Principal Amount at Issuance of the Securities from a nationally recognized securities dealer or if, in the Company's reasonable judgment, the bid quotations are not indicative of the secondary market value of the Securities, then the Security Price will equal (a) the then-applicable Conversion Rate of the Securities multiplied by (b) the Sale Price of the Common Stock on such determination date.
Security Price on any date of determination means the average of the secondary market bid quotations per Security obtained by the Bid Solicitation Agent for $5,000,000 principal amount of the Securities at approximately 4:00 p.m., New York City time, on such determination date from three independent nationally recognized securities dealers selected by the Bid Solicitation Agent; PROVIDED, that if three such bids cannot reasonably be obtained, but two such bids are obtained, then the average of the two bids shall be used, and if only one such bid can reasonably be obtained by the Bid Solicitation Agent, such bid shall be used. If the Bid Solicitation Agent cannot reasonably obtain at least one bid for $5,000,000 principal amount of the Securities from a nationally recognized securities dealer, then the Security Price will equal (a) the Conversion Rate then in effect multiplied by (b) the Sale Price of Applicable Stock on such determination date. Bids used to determine the Security Price will be solicited by the Bid Solicitation Agent from securities dealers that the Company believes are willing to bid for the Securities.
Security Price means the current price of the Contract Security quoted on the Relevant Exchange or as otherwise determined by the Calculation Agent.