Common use of Market Price Clause in Contracts

Market Price. The “Market Price” of a share of Common Stock means: the average of the daily volume weighted average price of shares of Common Stock on the principal market on which shares of the Common Stock are traded for the five (5) trading days immediately preceding the date of the determination of the Market Price. If shares of Common Stock are not traded on any public market (e.g. NYSE, AMEX, NASDAQ, OTCBB or Pink Sheets), the Market Price of the Common Stock shall be determined, in good faith, by the Board of Directors of the Company.

Appears in 7 contracts

Samples: Warrant Agreement (Innovative Software Technologies Inc), Warrant Agreement (Neogenomics Inc), Warrant Agreement (Diatect International Corp)

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Market Price. The “Market Price” of a share of Common Stock means: the average of the daily volume weighted average closing price of shares of Common Stock on the principal market on which shares of the Common Stock are traded for the five (5) trading days immediately preceding the date of the determination of the Market Price. If shares of Common Stock are not traded on any public market (e.g. NYSE, AMEX, NASDAQ, OTCBB or Pink Sheets), the Market Price of the Common Stock shall be determined, in good faith, by the Board of Directors of the CompanyCompany (the “Board”).

Appears in 3 contracts

Samples: Warrant Agreement (Neogenomics Inc), Warrant Agreement (Neogenomics Inc), Warrant Agreement (Neogenomics Inc)

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Market Price. The "Market Price" of a share of Common Stock means: the average of the daily volume weighted average price of shares of Common Stock on the principal market on which shares of the Common Stock are traded for the five (5) trading days immediately preceding the date of the determination of the Market Price. If shares of Common Stock are not traded on any public market (e.g. NYSE, AMEX, NASDAQ, OTCBB or Pink Sheets), the Market Price of the Common Stock shall be determined, in good faith, by the Board of Directors of the Company.

Appears in 1 contract

Samples: Warrant Agreement (Neogenomics Inc)

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