Examples of 10b-18 VWAP in a sentence
For the avoidance of doubt, if the Purchaser’s instruction does not instruct JPMS to purchase Securities on the basis of 10b-18 VWAP, no Incentive Fee shall be due or payable by the Purchaser.
For the services provided in this Letter Agreement, the Purchaser agrees to pay to JPMS a fee equal to the sum of $0.02 per share for the Securities purchased pursuant to the terms of this Letter Agreement.In the event that the Purchaser delivers an instruction to JPMS to purchase Securities on the basis of 10b-18 VWAP, the Purchaser further agrees to pay to JPMS the applicable Incentive Fee (as defined herein) with respect to the Securities purchased pursuant to such instruction.
JPMS shall refer to the Bloomberg Page “SPWR US <Equity> AQR SEC” (or any successor thereto) for such Trading Day to determine the 10b-18 VWAP for purposes of this Letter Agreement, or, if such price is not available on such Bloomberg page, the market value per share of Issuer on such date shall be determined by JPMS using a Rule 10b-18 volume weighted average price calculation method determined by JPMS in good faith after consultation with the Purchaser.
Such report shall include (i) the average price of Securities purchased (the “Average Daily Purchase Price”) and number of Securities purchased (the “Purchase Share Count”) for the Purchaser and for affiliated purchasers on such Trading Day (as defined herein) pursuant to the terms of this Letter Agreement and (ii) the 10b-18 VWAP (as defined herein) on such Trading Day.