VWAP Trading Days definition

VWAP Trading Days. (as defined in the Indenture) commencing on the 41st “Scheduled Trading Day” (as defined in the Indenture) prior to the “Maturity Date” (as defined in the Indenture).
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VWAP Trading Days. (as defined in the Indenture) commencing on the 61st “Scheduled Trading Day” (as defined in the Indenture) prior to the “Maturity Date” (as defined in the Indenture); provided that, if Counterparty elects a Settlement Method other than Net Share Settlement in the Notice of Final Convertible Security Settlement Method, the Cash Settlement Averaging Period shall be the 120 consecutive “VWAP Trading Days” commencing on the 121st “Scheduled Trading Day” (as defined in the Indenture) prior to the “Maturity Date”.
Sample 1

Examples of VWAP Trading Days in a sentence

  • The “Settlement Amount” per Purchase Contract is equal to the sum of the Daily Settlement Amounts for each of the 20 consecutive VWAP Trading Days during the relevant Observation Period.

  • The purchase price of one share of Common Stock under this Warrant shall be equal to the average Daily VWAP for the five (5) VWAP Trading Days immediately preceding the Issue Date (the “Purchase Price”).

  • If the Issuer elects Cash Settlement, the Issuer shall pay to the exchanging Holder in respect of each $1,000 principal amount of the Notes being exchanged, cash in an amount equal to the sum of the Daily Exchange Values for each of the forty (40) consecutive VWAP Trading Days during the applicable Observation Period.

  • The Company shall deliver, or cause to be delivered, to the Holder the Conversion Shares no later than the earlier of (i) two (2) VWAP Trading Days and (ii) the number of Trading Days comprising the Standard Settlement Period, in each case, following a Conversion Date.

  • The Conversion Price used to calculate the aggregate number of Shares issuable to the Sponsor in exchange for the Required Contribution (the “Conversion Price”) shall be equal to the lesser of (i) the arithmetic average of the Daily VWAP (as defined below) for the five VWAP Trading Days immediately preceding January 24, 2024 or (ii) the arithmetic average of the Daily VWAP for the five VWAP Trading Days immediately succeeding the Notice Date.

  • If, pursuant to this Section 13.03, a Noteholder is not entitled to acquire shares of Common Stock upon the exercise of its put rights, the Company will satisfy the Put Value Obligation for Notes put to the Company by such Noteholder by delivering cash equal to the sum of the Daily Put Values for each of the 10 VWAP Trading Days during the Observation Period.

  • A Holder of a Security is not entitled, as such, to any rights of a holder of Common Stock until, if such Holder converts such Security and is entitled pursuant hereto to receive shares of Common Stock in respect of such conversion, the close of business on the Conversion Date or respective VWAP Trading Days, as the case may be, with respect to such conversion.

  • The Net Reference Property Amount for each $1,000 principal amount of Notes shall be the sum of, for each of the 20 VWAP Trading Days in the Conversion Period for such Notes, an amount of units of Reference Property equal to (1) any excess of (a) the Daily Conversion Value on such Trading Day (determined in the same manner as set forth in Section 4.05(c)(i) above) over (b) $50, divided by (2) the per unit value of such Reference Property on such Trading Day.

  • Solely for purposes of the foregoing sentence, the Observation Period used to calculate the Applicable Conversion Rate will be the 20 VWAP Trading Days ending on the VWAP Trading Day immediately preceding the Ex-Dividend Date.

  • If Cash Settlement or Combination Settlement applies to an exchange, then the consideration due will be determined over an Observation Period consisting of forty (40) VWAP Trading Days.

Related to VWAP Trading Days

  • VWAP Trading Day means a Business Day.

  • Trading Day means a day on which the principal Trading Market is open for trading.

  • Scheduled Trading Day means a day that is scheduled to be a Trading Day on the principal U.S. national or regional securities exchange or market on which the Common Stock is listed or admitted for trading. If the Common Stock is not so listed or admitted for trading, “Scheduled Trading Day” means a Business Day.

  • Average Daily Trading Volume means the average trading volume of the Company’s Common Stock in the ten (10) Trading Days immediately preceding the respective Put Date.

  • VWAP means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported on the Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the holders of a majority in interest of the Warrants then outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.

  • Mid-Market Swap Rate Quotation means a quotation (expressed as a percentage rate per annum) for the relevant Mid-Market Swap Rate;

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Trading Hours means the hours of trading as set forth on the Trading Platform for a particular Underlying Asset.

  • Reporting Day means the day (if any) specified as such in the Reference Rate Terms.