90-Day VWAP definition
90-Day VWAP means, as of any date of determination, with respect to an Asset Certificate or a Dividend Certificate, as applicable, the volume-weighted average price with respect to such Asset Certificate or Dividend Certificate, respectively, calculated based on transactions on each Relevant Trading Platform for the 90-day period ending as of the Specified Cutoff Time; provided, however, that in the event that there are less than ninety (90) days of transactions ending as of the Specified Cutoff Time, then all of the transactions prior to and ending as of the Specified Cutoff Time shall be included in the 90-Day VWAP calculation. In making the 90-Day VWAP calculation:
90-Day VWAP means, as of any date, the volume weighted average trading price per Common Share on the TSX for the 90 consecutive Trading Days ending on such date; if the Common Shares are not listed thereon, then on such Stock Exchange on which the Common Shares are listed as may be selected for such purpose by the directors of the Corporation; the volume weighted average trading price shall be determined by dividing the aggregate sale price of all Common Shares sold on the said exchange or market, as the case may be, during the said 90 consecutive Trading Days, with each sale price being converted to United States dollars using the exchange rate published by the Bank of Canada on the applicable sale date, by the total number of Common Shares so sold.
90-Day VWAP means the average of the VWAP per share of Class A Common Stock for each of ninety consecutive full Trading
Examples of 90-Day VWAP in a sentence
For illustrative purposes only, below is a hypothetical example of the calculation of the respective vote fractions, assuming one vote per Underlying Share, the 90-Day VWAP of the Asset Certificate is $350.00 and the 90-Day VWAP of the Dividend Certificate is $50.00: As a result, in this illustrative example, each Asset Certificate would be allocated 0.875 of a vote per certificate, and each Dividend Certificate would be allocated 0.125 of a vote per certificate.
More Definitions of 90-Day VWAP
90-Day VWAP means the average of the volume weighted average price per share of Class A Common Stock traded on the New York Stock Exchange, or any other national securities exchange on which the shares of Class A Common Stock are then traded, for each of the 90 trading days ending on, and including, the first trading day immediately preceding the date of determination of the 90-Day VWAP.
90-Day VWAP means, for the ninety consecutive trading days prior to and as of the Closing Date, the dollar volume-weighted average price, rounded up to the nearest cent, for the NGTF Common Stock on the OTC during the period beginning at 9:30 a.m., New York time, and ending at 4:00 p.m., New York time, as reported by the OTC Markets Group, Inc.
90-Day VWAP means the volume weighted average trading price of the SolarBank Shares on the Cboe Canada Inc. or the Canadian Securities Exchange, as applicable, for the ninety (90) trading days prior to the date of the Arrangement Agreement;
90-Day VWAP means, with respect to any M&A Transaction Date, the average of the Daily VWAPs for each VWAP Trading Day in the 90 calendar days prior to such M&A Transaction Date;
90-Day VWAP means the volume-weighted average closing price of the Common Stock as
90-Day VWAP means the greater of (i) the average of the VWAPs for the ninety days (for clarification, not the ninety Trading Days) prior to the date of determination; and (ii) $2.50, as adjusted equitably for stock splits, stock dividends and recapitalizations.
90-Day VWAP means the volume weighted average price of the Common Stock on the principal Trading Market for the ninety (90) consecutive trading days immediately preceding (but not including) such date. Such value shall be calculated by dividing the aggregate value of all Common Stock traded on the Trading Market during such ninety (90) trading day period (calculated as the sum of the product of the sale price of each trade multiplied by the number of shares in such trade) by the total number of shares of Common Stock traded on the Trading Market during such period. If the Common Stock is not then listed or quoted on a Trading Market, the 90-Day VWAP shall be the fair market value of the Common Stock as determined in good faith by the Board.