Examples of Applicable Closing Price in a sentence
Promptly after the calculation of the Applicable Closing Price, the Company shall give the Purchase Contract Agent notice thereof.
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.
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.
The exercise price is equal to 115.76% of the Applicable Closing Price.
With a differential rate, the rate would be applied to the full assessed value of the property.