Applicable Stock Price definition
Applicable Stock Price means, in respect of a Conversion Date, the average of the Closing Sale Prices per share of Common Stock over the five-Trading Day period starting the third Trading Day following such Conversion Date.
Applicable Stock Price means, for any Securities to be converted, the average of the Closing Sale Prices of the Common Stock over the applicable Cash Settlement Averaging Period.
Applicable Stock Price means, in respect of a Conversion Date, the average of the Closing Sale Prices per share of Common Stock over the five Trading Day period starting the third Trading Day following such Conversion Date.
Examples of Applicable Stock Price in a sentence
The Bonus shall be paid to you within sixty (60) days of the later of (i) the Milestone Date and (ii) the Next Financing Transaction (the latest to occur of the date in clause (i) or clause (ii) is referred to herein as the “Milestone Payment Date”) in a number of shares of Applicable Capital Stock determined by dividing the Bonus by the Applicable Stock Price; provided, however, that the Milestone Payment Date must occur on or prior to the Expiration Date (as defined below).
More Definitions of Applicable Stock Price
Applicable Stock Price means, in respect of a date of determination, the average of the Closing Sales Price per share of Common Stock over the five Trading Day period starting on the third Trading Day following such date of determination.
Applicable Stock Price has the meaning specified in Section 4.02(a).
Applicable Stock Price means an amount equal to the average of the Closing Sale Prices during the Applicable Conversion Reference Period. If application of the definition of Applicable Stock Price results in a value inconsistent with the purpose of the provisions of this Indenture, the Applicable Stock Price shall be the fair value of a share of Common Stock as reasonably determined in good faith by the Board of Directors (whose determination shall be conclusive).
Applicable Stock Price means (i) the per share offering price to the public of Kardigan’s Common Stock set forth on the cover of the final prospectus for ▇▇▇▇▇▇▇▇’s IPO if the Next Financing Transaction is ▇▇▇▇▇▇▇▇’s IPO, (ii) the lowest purchase price per share of Kardigan’s Preferred Stock sold for cash in Kardigan’s Next Preferred Stock Financing if the Next Financing Transaction is ▇▇▇▇▇▇▇▇’s Next Preferred Stock Financing, or (iii) the fair market value per share of the publicly-listed securities that stockholders of Kardigan received in an Alternative Financing Transaction as of the closing date of such Alternative Financing Transaction if the Next Financing Transaction is an Alternative Financing Transaction.
Applicable Stock Price is equal to the average of the Closing Prices of the Common Stock over the five Trading Day period starting the third Trading Day following the Conversion Date of the Securities; provided that with respect to the Securities surrendered for conversion during the ten Trading Day period prior to the Maturity Date, the Applicable Stock Price shall be equal to the average of the Closing Prices of the Common Stock over the five-Trading Day period following the Maturity Date; and provided further that with respect to Securities surrendered for conversion in connection with a Make-Whole Fundamental Change, the Applicable Stock Price shall be determined on the basis of the Averaging Period set forth in Section 4.02(b). The five-trading day period used to determine the Applicable Stock Price is the “Averaging Period.” A Holder of a Security otherwise entitled to a fractional share will receive cash in an amount equal to the value of such fractional share based on the Applicable Stock Price. A Security for which a Holder has delivered a Fundamental Change Purchase Notice requiring the Company to purchase the Securities may be surrendered for conversion only if such notice is withdrawn in accordance with this Indenture.
Applicable Stock Price means the Ending Stock Price necessary to achieve the Stock Price Performance associated with a certain Payout Percentage.
Applicable Stock Price on a Trading Day means the Volume-Weighted Average Price per share of Common Stock (or any security into which the Common Stock has been converted in connection with a Fundamental Change) on such Trading Day; provided, however, that if such Volume-Weighted Average Price is not available, the "Applicable Stock Price" means the market value per share of the Common Stock on such Trading Day as determined by a nationally recognized independent investment banking firm retained for this purpose by the Company.