Common use of Average Closing Price Clause in Contracts

Average Closing Price. The "Average Closing Price" shall mean the average of the closing prices of one share of Parent Common Stock as reported on the Nasdaq National Market over the twenty trading days ending one day prior to the Closing Date; provided that if such average during the period is: (A) greater than $15.00, then the Average Closing Price shall be $15.00 or (B) less than $12.00, then the Average Closing Price shall be $12.00.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Socket Communications Inc)

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Average Closing Price. The "Average Closing Price" shall mean is $22.51875, which is the average of the closing last sales prices of one share of Parent the Buyer Common Stock as reported on the Nasdaq National Market over for the twenty 10 consecutive trading days ending one day prior to the Closing Date; provided that if such average during the period is: (A) greater than $15.00on June 23, then the Average Closing Price shall be $15.00 or (B) less than $12.00, then the Average Closing Price shall be $12.002000.

Appears in 1 contract

Samples: Stock Acquisition and Exchange Agreement (Pinnacle Systems Inc)

Average Closing Price. The "Average Closing Price" shall mean the average of the closing prices of one share of Parent Common Stock price, as reported quoted on the Nasdaq National Market over Stock Market, for the twenty trading Common Stock for the thirty (30) days ending one day prior to preceding the Closing Date; provided that if such average during the period is: (A) Date shall be equal to or greater than $15.00, then the Average Closing Price shall be $15.00 or (B) less than $12.00, then the Average Closing Price shall be $12.002.62 per share.

Appears in 1 contract

Samples: Asset Purchase Agreement (Deckers Outdoor Corp)

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Average Closing Price. The "Average Closing Price" shall mean be the average sum of the closing prices of one share of Parent Common Stock as reported on the Nasdaq National Market over for each of the twenty five (5) trading days ending one on the close of the trading day prior to immediately preceding the Closing Date; provided that if , as reported in the U.S. Midwest edition of the Wall Street Journal for such average during the period is: (A) greater than $15.00trading day, then the Average Closing Price shall be $15.00 or (B) less than $12.00, then the Average Closing Price shall be $12.00divided by 5.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Adc Telecommunications Inc)

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