Average Daily Traded Value definition

Average Daily Traded Value means, in respect of a Share, the sum of Daily Traded Value over a specified period divided by the number of Exchange Trading Days that fall in the specified period.
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Average Daily Traded Value means, on each Determination Date, one-third (1/3) of the average daily traded value of American Depository Shares of the Company (the “Company ADS”), each of which represents three (3) class A ordinary shares of the Company, on such day, being calculated by (a) firstly adding up, for each of the seven (7) trading days immediately preceding the Determination Date (the “Determination Period”), the product of (i) the closing price of the Company ADS quoted by the NASDAQ Stock Exchange on each such trading day and (ii) the volume of the Company ADS traded on the NASDAQ Stock Exchange on the relevant trading day, and (b) then dividing it by the total volume of the Company ADS traded on the NASDAQ Stock Exchange during the Determination Period, provided that, if the Company ADS are suspended for trading on the NASDAQ Stock Exchange on any one or more trading days during the Determination Period, such trading day or days shall be excluded from the Determination Period and the remaining trading days comprised in the Determination Period shall be used in the computation of the Average Daily Traded Value instead and, for the avoidance of doubt, if the Company ADS are suspended for trading on the NASDAQ Stock Exchange for the whole of the Determination Period, the Average Daily Traded Value shall be deemed to be zero.
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Related to Average Daily Traded Value

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • Average Daily Flow means the cumulative total sewage flow to the sewage works during a calendar year divided by the number of days during which sewage was flowing to the sewage works that year;

  • Average Daily Trading Volume means the median daily trading volume of the Company’s Common Stock over the most recent five (5) Business Days immediately preceding the date of delivery of a Purchase Notice.

  • average daily net assets of the Fund shall mean the average of the values placed on the Fund's net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund's portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund's expenses, as if such waiver or limitation were fully set forth herein.

  • Average Sale Price means the average of the Sale Prices of the Common Stock for the shorter of