Average Trading Volume means the average trading volume of the twenty (20) Trading Days during the thirty (30) Trading Days prior to the issuance of the Draw Down Notice that results from excluding the five (5) highest and five (5) lowest Trading Days during such period.
Average Trading Volume. Average daily trading volume for the 45 Trading Days prior to the Draw Down Notice date. Maximum dollar amount of each Draw Down: 20% of (Average Stock Price x (Average Trading Volume x 22)) the number of Shares of Common Stock to be issued in connection with each Draw Down shall be equal to the sum of the quotients (for each trading day within the Draw Down Pricing Period) of (x) 1/22nd of the Draw Down amount and (y) 93% of the Average Daily Price of the Common Stock on each Trading Day within the Draw Down Pricing Period. If the Average Daily Price on a given Trading Day is less than the Threshold Price, then the Purchaser's Draw Down payment will be reduced by 1/22nd and that day shall be withdrawn from the Draw Down Pricing Period.
Average Trading Volume means the average trading volume of the Common Stock on the Trading Market for the 10 Trading Days immediately prior to the applicable Draw Down Exercise Date.
Examples of Average Trading Volume in a sentence
The Average Trading Volume is calculated by dividing the total trading volume of the Shares for the month/period by the number of trading days during the month/ period which excludes any trading day on which trading of the Shares on the Stock Exchange was suspended.
The Average Trading Volume in each month/period during the Review Period ranged from approximately 34,572 Shares to approximately 1,048,221 Shares, representing approximately 0.01% and approximately 0.15% respectively of the total number of the Shares in issue as at the Latest Practicable Date and approximately 0.01% and 0.20% respectively of the total number of Shares held by public Shareholders as at the Latest Practicable Date.
While the specific development proposal differs somewhat from what is addressed in the TIS, the August 3, 2005, review letter produced by our consultant, McCormick Taylor, provides an idea of what would be required to support the development proposed for that parcel.
UPCoM’s Market Capitalization, Average Trading Volume, Average trading Values and Number of Listing Companies 700 600Listing Companies, 690 MarketCapitalization(Tril.
As used herein, "Minimum Average Trading Volume" applicable to any date shall mean an average daily trading volume of 75,000 shares of Common Stock for the 20 consecutive trading days ending on the trading day immediately preceding such date, as reported by Nasdaq or such other market or exchange as shall be the principal market or exchange on which the Common Stock is traded.
More Definitions of Average Trading Volume
Average Trading Volume. Average daily trading volume for the 45 Trading Days prior to the Draw Down Notice date. Maximum dollar amount of each Draw Down: 20% of (Average Stock Price x (Average Trading Volume x 22)). The number of Shares of Common Stock to be issued in connection with each Draw Down shall be equal to the sum of the quotients (for each trading day within the Draw Down Pricing Period) of (x) 1/22nd of the Draw Down amount and (y) the Purchase Price on each Trading Day within the Draw Down Pricing Period, subject to the following adjustments:
Average Trading Volume means the average trading volume of the thirty (30) Trading Days during the sixty (60) Trading Days prior to the date of delivery of the Draw Down Notice that results from excluding the fifteen (15) highest trading volume and fifteen (15) lowest trading volume Trading Days during such sixty (60) Trading Day period.
Average Trading Volume means the average trading volume of the twenty (20) Trading Days during the thirty
Average Trading Volume. Average daily trading volume for the 45 Trading Days prior to the Draw Down Notice date. Maximum dollar amount of each Draw Down: 20% of (Average Stock Price x (Average Trading Volume x 22)) the number of Shares of Common Stock to be issued in connection with each Draw Down shall be equal to the sum of the quotients (for each trading day within the Draw Down Pricing Period) of (x) 1/22nd of the Draw Down amount and (y) 93% of the Average Daily Price of the Common Stock on each Trading Day within the Draw Down Pricing Period. If the Average Daily Price on a given Trading Day is less than the Threshold Price, then the Purchaser's Draw Down will be reduced by 1/22nd and that day shall be withdrawn from the Draw Down Pricing Period, except that the Purchaser in its sole discretion may purchase such shares at the Threshold Price. (e) The Company must inform the Purchaser of the amount of the Draw Down (the "Investment Amount") by delivering a Draw Down Notice, in the form of Exhibit D hereto, via facsimile transmission as to the amount of the Draw Down the Company wishes to exercise before the first day of the Draw Down Pricing Period (the "Draw Down Notice"). The Company may set the Threshold Price, if any, prior to the commencement of each Draw Down Pricing Period. At no time shall the Purchaser be required to purchase more than the maximum Draw Down amount for a given Draw Down Pricing Period so that if the Company chooses not to exercise the maximum permitted Draw Down in a given Draw Down Pricing Period the Purchaser is not obligated to and shall not purchase more than the scheduled maximum amount in a subsequent Draw Down Pricing Period. (f) On or before each Draw Down Exercise Date, the Shares purchased by the Purchaser shall be delivered to The Depository Trust Company ("DTC") on the Purchaser's behalf. The Shares shall be credited by the Company to the DTC account designated by the Purchaser upon receipt by the Escrow Agent of payment for the Draw Down into the Escrow Agent's trust account as provided in the Escrow Agreement. The Escrow Agent shall be directed to pay 95% of the purchase price to the Company, net of One Thousand Five Hundred Dollars ($1,500) per Draw Down as escrow expenses to the Escrow Agent, and 5% of the Purchase Price to the placement agent as set forth in the Escrow Agreement. The delivery of the Shares into the Purchaser's DTC account in exchange for payment therefor shall be referred to herein as "Settlement". ARTICLE VII
Average Trading Volume means the average number of Paramount Shares traded during such 20 trading day period, and “Fully Diluted Shares” means the number of Paramount Shares outstanding, plus the number of additional Paramount Shares that would be outstanding if there were a conversion of all securities convertible into Paramount Shares, including by reason of a “Redemption” under the LLC Agreement of the Company’s membership units, but excluding shares subject to the Paramount Warrants, as defined in the Contribution Agreement. In the event of any Change of Control (as defined in the LLC Agreement) pursuant to which Paramount’s Shares cease to be listed on a national securities exchange (as defined in Rule 600(b) issued by the Securities and Exchange Commission under Regulation NMS), upon such Change of Control you shall be paid 50% of all unearned Market Cap Bonuses.
Average Trading Volume means the average reported daily trading volume in the Buyer Securities on the Securities Exchange on which they are traded for the 60 trading days ending on the day prior to the date of issuance thereof to the Sellers.
Average Trading Volume. Average daily trading volume for 60 days prior to the Put. Trading days per month: Assumed to be 22. Rules: Minimum Average Stock Price: $3.00 Minimum Average Trading Volume: 5,000/day Maximum Put Amount: 20% of (Average Stock Price*(Average Trading Volume* 22)) Example: 20% of ($5.60*(39,410*22)) = $971,062