Time Weighted Average definition

Time Weighted Average means, in relation to a parameter (P) which has more than one value for a Trading Period, the time weighted average value of that parameter (“Parameter Value (Trading Period)”), calculated by the application of the following formula: Parameter Value (Trading Period) = ∑Pv=1,N {(PV1 x T1)/TPD} Where: ∑Pv=1,N is the summation for the N values of P during the Trading Period and where Pv=1 denotes the first value of P during the Trading Period; T1 is the period (expressed in minutes) for which the value of P was equal to Pv1 during the Trading Period; and TPD is the Trading Period Duration;

Time Weighted Average means the average of a number of representative measurements that are taken over a period of time and that are calculated as follows:

Time Weighted Average shall equal the sum of (a) the Series B preferred stock price, and (b) the Time Fraction multiplied by the Series C preferred stock price. The "Series B preferred stock price" is $0.50. The "Time Fraction" shall be a fraction, the numerator of which is the number of months (rounded to the nearest whole number) between the close of the Series B round and the Date of Grant, and the denominator of which is the number of months (rounded to the nearest whole number) between the close of the Series B round and 2 Series C round. If the Company has not closed the Series C round by March 31, 2000 or if a Liquidity Event (as defined below) or an IPO (as defined below) occurs prior to the close of the Series C round, then the Warrant Price shall be the Series B preferred stock price. The number of shares for which this Warrant is exercisable shall be the nearest whole number determined by dividing $_____ by the Warrant Price determined pursuant to this paragraph.

Examples of Time Weighted Average in a sentence

• Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period.

• The Service Provider will receive a payment for each MW of SOR Available Volume it provides from the Providing Unit in each Trading Period determined in accordance with the following provisions of this Section 4.2. Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period.

• The Service Provider will receive a payment for each MW of SIR Available Volume for the Providing Unit in each Trading Period where Synchronised, determined in accordance with the following provisions of this Section 3.2. Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period.

• The Service Provider will receive a payment for each MW of RM8 Available Volume it provides from the Providing Unit in each Trading Period determined in accordance with the following provisions of this Section 5.2. Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period.

• The Service Provider will receive a payment for each MW of POR Available Volume it provides from the Providing Unit in each Trading Period determined in accordance with the following provisions of this Section 3.2. Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period.

• The Service Provider will receive a payment for each MW of RR Available Volume it provides from the Providing Unit in each Trading Period determined in accordance with the following provisions of this Section 7.2. Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period.

• The Service Provider will receive a payment for each MW of TOR1 Available Volume it provides from the Providing Unit in each Trading Period determined in accordance with the following provisions of this Section 5.2. Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period.

• The Service Provider will receive a payment for each MW of DRR Available Volume it provides from the Providing Unit in each Trading Period determined in accordance with the following provisions of this Section 3.2. Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period.

• The Service Provider will receive a payment for each MW of TOR2 Available Volume it provides from the Providing Unit in each Trading Period determined in accordance with the following provisions of this Section 6.2. Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period.

• The Service Provider will receive a payment for each MW of RM3 Available Volume it provides from the Providing Unit in each Trading Period determined in accordance with the following provisions of this Section 4.2. Unless stated otherwise, all parameters used in the calculation of such payments are the Time Weighted Average for a Trading Period.

More Definitions of Time Weighted Average

Time Weighted Average. (TWA) means the time weighted average concentration for a hazardous substance that nearly all workers may be routinely exposed to during an 8 hour workday and 40 hour workweek without suffering adverse health effects.

Time Weighted Average means the average of representative measurements taken over a period of time and calculated in accordance with the AIA RTM1, or an equivalent measure.