20-Day Average Price means the average (rounded to nearest 1/10,000), of the volume weighted averages (rounded to the nearest 1/10,000), of the trading prices of the Parent Common Stock on the New York Stock Exchange, Inc. (the "NYSE") as reported by Bloomberg Financial Markets (or such other source as the parties shall agree in writing) for each of the 20 consecutive trading days ending on and including the second trading day prior to the Closing Date.
20-Day Average Price means, with respect to any certain date, the average of the Daily Market Prices of the Common Stock for the twenty (20) Business Days ending on and including such reference date.
20-Day Average Price means the average closing price of a share of Parent Common Stock for the twenty (20) trading days beginning on the twenty-second (22nd) trading day prior to the Effective Time and ending on the third (3rd) trading day prior to the Effective Time, as reported on the New York Stock Exchange.
Examples of 20-Day Average Price in a sentence
Instead of any fractional shares of Class A Common Stock that would otherwise be issuable to any such holder, the Company shall pay to such holder in respect of such fractional interest in an amount in cash equal to the product of (x) such fractional interest and (y) the 20-Day Average Price applicable to such payment.
Based on WMCB's 20-Day Average Price as of October 30, 2020 of $7.66 Stock Price Performance of PBCO and WMCB D.A. Davidson reviewed the history of the reported trading prices and volume of PBCO and WMCB common stock and certain stock indices, including the Russell 3000 and the KBW Nasdaq Regional Bank Index.
If the Requested Cash Amount equals or exceeds the Minimum Cash Amount and does not exceed the Cash Cap, the Merger Consideration shall be issued and paid in the manner set forth in Section 2.2, unless the 20-Day Average Price is less than the Floor Price and the Acquiror Stock to be issued pursuant to this Agreement would exceed the Acquiror Share Cap, in which case the adjustments set forth in Section 2.4(d) shall be made.
DEFINED TERM SECTION WHERE DEFINED ------------ --------------------- 20-Day Average Price..............................
For purposes of this Agreement, the following terms shall have the following meanings: “Aggregate Common Share Number” shall mean that number of shares of Parent Common Stock equal to the quotient obtained by dividing (x) $21,093,591 by (y) the 20-Day Average Price.
More Definitions of 20-Day Average Price
20-Day Average Price means, with respect to any date, the average (rounded to nearest 1/10,000), of the volume weighted averages (rounded to the nearest 1/10,000), of the trading prices of Buyer Common Stock on the New York Stock Exchange, Inc. (the “NYSE”) as reported by Bloomberg Financial Markets (or such other source as the parties shall agree in writing) for each of the 20 consecutive trading days ending on and including the second trading day prior to the first public announcement of an agreement or letter of intent with respect to a Buyer Acquisition, or, if subsequent to such date, the terms of such transaction are substantively changed, the date of the first public announcement of such changed terms.
20-Day Average Price means, at any date, the average of the Daily Prices for the 20 consecutive Business Days ending two Business Days before such date.
20-Day Average Price means the average (rounded to nearest 1/10,000, or if there shall not be a nearest 1/10,000, to the next highest 1/10,000) of the volume weighted averages (rounded to the nearest 1/10,000, or if there shall not be a nearest 1/10,000, to the next highest 1/10,000) of the trading prices of the Acquiror Stock on the New York Stock Exchange, Inc. (the "NYSE") as reported by Bloomberg Financial Markets (or such other source as the parties shall agree in writing) for each of the 20 consecutive trading days ending on and including the second trading day prior to the Closing Date;
20-Day Average Price means the volume weighted average (rounded to the nearest 1/10,000, or if there shall not be a nearest 1/10,000, to the next highest 1/10,000) of the daily volume weighted average price of a share of Parent Common Stock on the NYSE as reported by Bloomberg Financial Markets (or such other source as the parties shall agree in writing) for each of the twenty (20) consecutive trading days ending on the fifth trading day prior to the Closing Date.
20-Day Average Price means the average closing price of a share of Parent Common Stock for the twenty (20) trading days beginning on the twenty second (22nd) trading day prior to the Effective Time and ending on the third (3rd) trading day prior to the Effective Time, as reported on the New York Stock Exchange. “Company Capital Stock” shall mean shares of Company Common Stock, Company Preferred Stock and any shares of other Company capital stock. “Company Common Stock” shall mean shares of common stock, no par value, of the Company. “Company Convertible Securities” shall mean Company Options and any other rights (other than Company Preferred Stock) to acquire or receive shares of Company Capital Stock. “Company Mandatorily Redeemable Preferred Stock” shall mean shares of Convertible Preferred Stock, no par value, of the Company. “Company Options” shall mean all issued and outstanding options to purchase or otherwise acquire Company Capital Stock, whether or not vested, but shall not include Company Preferred Stock. “Company Preferred Stock” shall mean shares of Company Mandatorily Redeemable Preferred Stock and Company Series A Preferred Stock. “Company Series A Preferred Stock” shall mean shares of Series A Redeemable Preferred Stock, no par value, of the Company. -3- “Company Shareholders” shall mean holders of any shares of Company Capital Stock immediately prior to the Effective Time. “Escrow Amount” shall mean an amount of cash equal to $12,550,000. “Exchange Price” shall mean (i) the Total Transaction Value less the Total Redemption Amount divided by (ii) the Total Outstanding Shares plus the number of shares of Company Common Stock issuable upon exercise of Company Options (other than the New Options) outstanding at the Effective Time (with the result rounded to four decimal places). “New Options” shall mean those options referred to on Schedule 1.6. “Option Exchange Ratio” shall mean (i) the Exchange Price divided by (ii) the 20-Day Average Price. “Per Share Redemption Amount” shall mean (i) the Total Redemption Amount divided by (ii) the number of shares of Company Series A Preferred Stock outstanding at the Effective Time. “Total Outstanding Shares” shall mean the number of shares of Company Common Stock and Company Convertible Securities (other than Company Options) outstanding immediately prior to the Effective Time, except shares to be cancelled pursuant to Section 1.6(g) below. “Total Redemption Amount” shall mean cash in the amount of $12,442,000. “Total Transac...
20-Day Average Price means $4.859, representing the volume-weighted average closing price of Ordinary Shares traded on the NASDAQ Global Select Market for twenty consecutive trading days prior to the date hereof.
20-Day Average Price means the average closing price as reported on the New York Stock Exchange of a share of Parent Common Stock for the twenty (20) trading days prior to the second day before the Effective Time. (b) Shares to be Issued; Effect on Capital Stock.