Examples of Average Quoted Price in a sentence
The “Average Quoted Price” shall be determined from time-to-time, promptly following a request by PBGC or the Company, as follows: (i) the Company shall solicit and obtain a quoted price per share for a sale of 50,000 shares from each of five independent broker-dealers reasonably acceptable to each of PBGC and the Company; (ii) the highest and lowest price quotes will be eliminated; and (iii) the Average Quoted Price will be the arithmetic average of the remaining three quotes.
The bidder having the lowest bid price (Weighted Average Quoted Price + Applicable taxes & duties) & meeting the qualification criteria & delivery requirement as specified in this document, shall be invited to enter into a Framework Agreement with BHEL as per the terms & conditions of this bidding document or as may be agreed during the bidding process.
A notice published under Subsection (1) shall contain full particulars of the relevant standard specification or amendment thereof.