Applicable Closing Price definition

Applicable Closing Price has the meaning set forth in Section 5.1.

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Applicable Closing Price means the average of the Closing Prices per share of Common Stock on each of the 20 consecutive Trading Days ending on the third Trading Day immediately preceding the Purchase Contract Settlement Date, or in the case of the exercise of a Merger Early Settlement right, the Cash Merger Date.

Applicable Closing Price means the lesser of (x) the volume weighted average trading price of the Common Stock on the Principal Market for the ten (10) trading days immediately preceding the date hereof and (y) the volume weighted average trading price of the Common Stock on the Principal Market for the ten (10) trading days immediately preceding the Payment Date and (ii) “Valens US Elected Percentage” shall mean such percentage as may be elected by Valens US in its sole discretion up to 50%.

Examples of Applicable Closing Price in a sentence

All calculations and determinations of the Applicable Closing Price shall be made by the Company or its agent and the Purchase Contract Agent shall have no responsibility with respect thereto.
Promptly after the calculation of the Applicable Closing Price, the Company shall give the Purchase Contract Agent notice thereof.
Instead of any fractional share of Common Stock which would otherwise be deliverable upon settlement of any Purchase Contracts on the Purchase Contract Settlement Date or upon Early Settlement or Merger Early Settlement, the Company, through the Purchase Contract Agent, shall make a cash payment in respect of such fractional interest in an amount equal to the value of such fractional shares times the Applicable Closing Price.
All calculations and determinations of the Settlement Rate and the Applicable Closing Price shall be made by the Company or its agent based on their good faith calculations, and the Purchase Contract Agent shall have no responsibility with respect thereto.
Promptly after the calculation of the Settlement Rate and the Applicable Closing Price, the Company shall give the Purchase Contract Agent notice thereof.
If an adjustment is made to the Settlement Rate or the Early Settlement Rate, as applicable, pursuant to paragraph (1), (2), (3), (4), (5), (6), (7) or (10) of this Section 5.5(a), an adjustment shall also be made to the Applicable Closing Price solely to determine which of clauses (1), (2) or (3) of the definition of Settlement Rate or the Early Settlement Rate, as applicable, in Section 5.1 will apply on the Purchase Contract Settlement Date.
Instead of any fractional share of Ordinary Shares which would otherwise be deliverable upon settlement of any Purchase Contracts on the Purchase Contract Settlement Date or upon Early Settlement or Merger Early Settlement, the Company, through the Purchase Contract Agent, shall make a cash payment in respect of such fractional interest in an amount equal to the value of such fractional shares times the Applicable Closing Price.
After the Closing Date, Parent shall issue $45,000,000 in Incentive Shares in the form of Parent RSUs and/or Options Shares to be awarded to the employees of the Company prior to the Closing who become employees of Parent or an affiliate thereof following the Merger with the total number of Incentive Shares determined by dividing $45,000,000 by the Applicable Closing Price.
The total number of Transition Shares shall be determined by dividing $10,000,000 by the Applicable Closing Price.
For purposes of this Agreement, “In-the-Money Company Stock Option” means each stock option granted under the Company Stock Plans (whether vested or unvested) that is outstanding immediately prior to the Effective Time with an exercise price per share of Company Common Stock that is less than the Applicable Closing Price.

More Definitions of Applicable Closing Price

Applicable Closing Price means $2.07 less the Cash Component divided by 0.19936. The Applicable Closing Price will be adjusted on the date the Conversion Rate is adjusted pursuant to Section 14.05 or 14.06. The adjusted “Applicable Closing Price” will be equal to the Applicable Closing Price immediately prior to such adjustment multiplied by a fraction, the numerator of which is the Conversion Rate in effect immediately prior to the adjustment giving rise to such adjustment of the Applicable Closing Price and the denominator of which is the Conversion Rate as so adjusted.

Applicable Closing Price means the Parent Average Closing Price; provided, that, if the Parent Average Closing Price is greater than $34.90, the “Applicable Closing Price” shall mean $34.90; provided, further, that, if the Parent Average Closing Price is less than $26.97, the “Applicable Closing Price” shall mean $26.97.

Applicable Closing Price with respect to any security shall mean the closing price of such security on the applicable Trading Market on the Trading Day immediately preceding the date of the applicable Monthly Collateral Report, Borrowing Base Certificate or Compliance Certificate.

Applicable Closing Price means an amount equal to VWAP of Parent Common Stock, multiplied by 0.95 (or 95%).

Applicable Closing Price means $2.07 per share of Common Stock, which is the Last Reported Sale Price of the Common Stock on The New York Stock Exchange on December 4, 2014. The Applicable Closing Price will be adjusted on the date the Conversion Rate is adjusted pursuant to Section 14.05 or 14.06. The adjusted “Applicable Closing Price” will be equal to the Applicable Closing Price immediately prior to such adjustment multiplied by a fraction, the numerator of which is the Conversion Rate in effect immediately prior to the adjustment giving rise to such adjustment of the Applicable Closing Price and the denominator of which is the Conversion Rate as so adjusted.

Applicable Closing Price means the average of the Closing Prices for the period of twenty (20) consecutive Trading Days immediately prior to, and including, the applicable Reset Date.