Arithmetic Average definition

Arithmetic Average as defined in Section 5.5(b). Base Rate - as defined in Section 5.3. Base Rent - as defined in Section 5.2(a). Building - as defined in Section 1.1(c).
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Arithmetic Average shall equal 0.625 multiplied by the sum of (a) the Series B preferred stock price and (b) the Series C preferred stock price. The "Time Weighted Average" shall equal the sum of (a) the Series B preferred stock price, and (b) the Time Fraction multiplied by the Series C preferred stock price. The "Series B preferred stock price" is $0.50. The "Time Fraction" shall be a fraction, the numerator of which is the number of months (rounded to the nearest whole number) between the close of the Series B round and the Date of Grant, and the denominator of which is the number of months (rounded to the nearest whole number) between the close of the Series B round and 2 Series C round. If the Company has not closed the Series C round by March 31, 2000 or if a Liquidity Event (as defined below) or an IPO (as defined below) occurs prior to the close of the Series C round, then the Warrant Price shall be the Series B preferred stock price. The number of shares for which this Warrant is exercisable shall be the nearest whole number determined by dividing $_____ by the Warrant Price determined pursuant to this paragraph.
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Arithmetic Average. A( S ) = 1 ∑ S • Geometric Average: G ( S ) = √n ∏ S It should be noted that the inequality G ( S ) ≤ A( S ) always holds. In this section, we will use S̄ or geometric. to denote an arbitrary average that could be considered as being either arithmetic An Asian option is one in which the payoff is calculated by replacing either the strike price or the stock price with S̄ , the average price of the stock over the duration of the option. The averages are calculated using stock prices observed at the end of consecutive periods of equal length. There are three descriptors used to classify Asian options: • The average S̄ • The average S̄ can be an “Average Price” option or an “Average Strike Option”. can be either a arithmetic average or a geometric average. • The option can be either a call or a put. As a result, there are eight different types of Asian options that can be considered. A detailed description of how Asian options work is provided in the table below. Average Price Asian Option Average Strike Asian Option Description • S̄ replaces S t in the payoff formula. • The actual value of the stock at expiration is not important, only the average. • A specific strike price is still used. • S̄ replaces K in the payoff formula. • No strike price is specified for the option. • The option compares S t against the average price S̄ . Calls The payoff of a purchased call is • PO = max [ 0 , S̄ − K ] The payoff of a purchased call is • PO = max [0 , St − ̄S ] Puts The payoff of a purchased put is • PO = max [ 0 , K − ̄S ] The payoff of a purchased put is • PO = max [0 , ̄S − St] Effect of n Value of option decreases as n increases. Value of option increases as n increases. Prices for a stock on five different dates are provided below. Date Jan 1 Feb 1 Mar 1 Apr 1 May 1 Price 110 100 120 80 90 Find the payoff of the following options, all of which were purchased on January 1.
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Examples of Arithmetic Average in a sentence

  • The "Arithmetic Average" shall equal 0.625 multiplied by the sum of (a) the Series B preferred stock price and (b) the Series C preferred stock price.

  • Ind2= Arithmetic Average of the Fuels and related products and power Index, (WPU05) published by the Department of Labor - USA, corresponding to the period (j) or (0).

  • PPB = Base Floor Price defined in numeral 1 of the present Annex (1.00 US$/MMBTU) FA = Adjustment Factor determined as a result of: Ind l= Arithmetic Average of the Oil Field and Gas Field Machinery Index, (WPS1191), published by the Department of Labor - USA, corresponding to the period (j) or (0).

  • The Fuel Price shall be adjusted annually at the same rate of change as the Unweighted Arithmetic Average of the annual "as delivered" fuel costs ($/Million BTU basis) at NSP's portion of Sher▇▇▇▇▇ ▇▇▇nty, A S King and Riverside generating facilities.

  • The "Arithmetic Average" of the Operating Expenses per square foot of Net Rentable Area in the Building for a calendar year shall be determined by dividing the total amount of Operating Expenses incurred during such calendar year by a sum equal to ninety-five percent (95%) of the total number of square feet of Net Rentable Area in the Building.

  • PART II COMMODITY CHARGE MMBtu (Dry)1 RESERVATION CHARGE ------------------------------- --------------------- Arithmetic Average of Calculated monthly, according to the Inside FERC Indexes 2 formula R = *** , where P equals the commodity Charge; MCQ ***3 equals the Maximum Contract Quantity ( *** MMBTU/D); and D equals the number of gas days in the month.

Related to Arithmetic Average

  • Arithmetic mean means the algebraic sum of data values divided by the number of data values. For example, the sum of the concentration of lead in several soil samples divided by the number of samples is the arithmetic mean.

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest Closing Bid Price and the lowest closing ask price of any of the market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • Weighted Average means a ratio of the weight of the investment by the financial market participant in an investee company in relation to the enterprise value of the investee company;

  • Market Value Average means, as of any day, the percentage equivalent of a fraction, the numerator of which is the average of the Selected Fleet Market Value as of the preceding Determination Date and the two Determination Dates precedent thereto and the denominator of which is the sum of (a) the average of the aggregate Net Book Value of all Non-Program Vehicles (excluding (i) any Unaccepted Program Vehicles, (ii) any Excluded Redesignated Vehicles and (iii) any other Non-Program Vehicles that are subject to a Manufacturer Program with an Eligible Non-Program Manufacturer with respect to which no Manufacturer Event of Default has occurred and is continuing) and (b) the average of the aggregate Adjusted Net Book Value of all Adjusted Program Vehicles, in the case of each of clause (a) and (b) leased under the AESOP I Operating Lease and the Finance Lease as of the preceding Determination Date and the two Determination Dates precedent thereto.