Definition of Average Closing Share Price


Average Closing Share Price means the volume weighted average of the Daily Sales Prices on the twenty (20) consecutive Trading Days ending on and including the Determination Date.

Examples of Average Closing Share Price in a sentence

Notwithstanding anything to the contrary in the foregoing, if all of the partnership interests in the Blue Gum Partnership (as defined in Section 5.17) and the Landowner (as defined therein) have not been acquired by the Company by the time of Closing, then the Merger Consideration shall be reduced by a number of shares of Republic Common Stock determined by dividing Five Million Four Hundred Fifty Thousand Dollars ($5,450,000) by the lesser of (i) $38.75 or (ii) the Average Closing Share Price.
The Average Closing Share Price shall be greater than $16.00 per share.
In lieu of any such fractional share, each holder of Company Common Shares who would otherwise have been entitled to receive a fraction of a Parent Common Share upon surrender of a Certificate for exchange shall be entitled to receive from the Exchange Agent a cash payment equal to such fraction multiplied by the Average Closing Share Price of the Parent Common Shares.