Definition of Applicable Average Closing Price


Applicable Average Closing Price means the Average Closing Nasdaq Price, or in the event that Buyer's ordinary shares are not listed for trading on the Nasdaq Global Market, the Average Closing AIM Price.
Sample 1

Examples of Applicable Average Closing Price in a sentence

In lieu of any fraction of an Escrow Share to which a Seller stockholder would otherwise be entitled, such holder will receive from Buyer an amount of cash (rounded to the nearest whole cent) equal to the product of such fraction multiplied by the Applicable Average Closing Price.
For the purpose of compensating Buyer for its Damages pursuant to this Agreement, the Buyer Shares in the Escrow Fund shall be valued at the Applicable Average Closing Price.