Applicable Closing Price definition

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

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.


More Definitions of Applicable Closing Price

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 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 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 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%.
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 Maturity Date. The Overadvance Payment shall be in addition to all other obligations owing under the Security Agreement and the Ancillary Agreements referred to therein. The Parent understands that it has an affirmative obligation to make prompt public disclosure of material agreements and material amendments to such agreements. If, in the Parent’s determination, this letter or the terms and provisions of this letter, (collectively, the “Information”) are considered material, Parent agrees to file an 8-K within 4 business days following the date hereof and in the form otherwise prescribed by the SEC. In the event the Information is deemed not to be material and therefore is not disclosed on Form 8-K, Parent hereby agrees that neither the Agent nor any other Creditor shall be in violation of any duty to any Company or its shareholders, nor shall the Agent or any other Creditor be deemed to be misappropriating any information of any Company, if any Creditor sells shares of common stock of the Parent, or otherwise engages in transactions with respect to securities of the Parent, while in possession of the Information. This letter may not be amended or waived except by an instrument in writing signed by each of the Companies, the Agent and each Lender. This letter may be executed in any number of counterparts, each of which shall be an original and all of which, when taken together, shall constitute one agreement. Delivery of an executed signature page of this letter by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof or thereof, as the case may be. THIS LETTER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. This letter sets forth the entire agreement between the parties hereto as to the matters set forth herein and supersede all prior communications, written or oral, with respect to the matters herein. Overadvance Side Letter 3 This Overadvance Side Letter shall for all purposes be deemed to be an Ancillary Agreement. If the foregoing meets with the Companies’ approval please signify the Companies’ acceptance of the terms hereof by signing below. LV...
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.
Applicable Closing Price means an amount equal to VWAP of Parent Common Stock, multiplied by 0.95 (or 95%).