Common use of Average Price Clause in Contracts

Average Price. The "Average Price" will be determined by adding the daily closing price of the CEC Stock as reported in The Wall Street Journal for the ten (10) consecutive trading days commencing on the twelfth (12th) trading day prior to the Closing Date and dividing the product by ten (10).

Appears in 2 contracts

Sources: Stock Purchase Agreement (Chesapeake Energy Corp), Stock Purchase Agreement (Chesapeake Energy Corp)