Average Market definition

Average Market means the unweighted arithmetic mean of the Market Values determined by the Calculation Agent with respect to each Valuation Date; or

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Average Market means, with respect to only one Reference Obligation and more than one Valuation Date, the unweighted arithmetic mean of the Market Values determined by the Calculation Agent with respect to each Valuation Date;

Average Market means, in respect of any Reference Obligation, the unweighted arithmetic mean of the Market Values determined by the Calculation Agent for such Reference Obligation with respect to each such Valuation Date; or

Examples of Average Market in a sentence

• In lieu of any fractional Share to which the Warrantholder would otherwise be entitled, the Warrantholder shall be entitled to receive a cash payment equal to the Average Market Price of the Common Stock determined as of the Exercise Date multiplied by such fraction of a share, less the pro-rated Exercise Price for such fractional share.

• In the case of a dispute as to the determination of the Average Market Price or the arithmetic calculation of the Exercise Price, the Company shall promptly issue to such Holder(s) the number of shares of Common Stock that is not disputed and shall submit the disputed determinations or arithmetic calculations to the holder via facsimile within three (3) business days of receipt of such holder's Conversion Notice.

• See also the Department of Home Affairs website relating to Average Market Salary Rate (AMSR) determination, relevant to Labour Agreement and nomination stages.

• If the Corporation’s Average Market Capitalization over any period of 30 consecutive Trading Days is less than one billion dollars ($1,000,000,000), the Board of Directors may begin an orderly liquidation of the Corporation’s assets and winding up of the Corporation’s operations (a “Market Capitalization Liquidation Event”).

• Seller agrees to make a cash payment in respect of any fractional shares included in the Contract Shares at the Exchange Date, in an amount equal to the value of such fractional shares at the Average Market Price.

• Instead of any fractional shares of Common Stock that would otherwise be deliverable to Purchaser at the Exchange Date, Seller agrees to make a cash payment in respect of such fractional shares of Common Stock in an amount equal to the value thereof at the Average Market Price.

• For the purposes of this Section 6.3, the "Average Market Price of the Common Stock" shall mean, for the relevant period, (x) the average closing bid price of a share of Common Stock, as reported by Bloomberg, LP or, if not so reported, as reported on the over-the-counter market or (y) if the Common Stock is listed on a stock exchange, the closing price on such exchange on the date indicated in the relevant provision hereof, as reported in The Wall Street Journal.

• The "Average Market Price" shall mean the average closing price of the common stock for the five days prior to the date on which the price is to be calculated.

• As used herein, the term "Average Market Price of the Common Stock" means the average closing bid price of a share of Common Stock, as reported by Bloomberg, LP or, if not so reported, as reported on the over-the-counter market for the relevant period.

• If, by reason of any change made pursuant to Sections 8 or 9 hereof, the Holder of this Warrant would be entitled, upon the exercise of any rights evidenced hereby, to receive a fractional share, the Company shall, upon such exercise, pay to the Holder an amount in cash equal to the Average Market Value of such fractional interest, determined as of the Exercise Date.

More Definitions of Average Market

Average Market. Price" of a share of Common Stock or Class B Common Stock, as applicable, means the average (rounded to the nearest 1/10,000) of the volume weighted averages (rounded to the nearest 1/10,000) of the trading prices of the applicable security on the principal market on which shares of the applicable security are then listed or quoted (whether the Nasdaq National Market, The New York Stock Exchange or another national securities exchange or association) as reported by Bloomberg Financial Markets (or such other source as the Investor and the Company shall agree) for the relevant 30 trading day period.

Average Market. Price shall mean $11.875, representing the average of the daily closing price of WHX Common Stock for the ten consecutive trading days preceding the Closing Date. Notwithstanding the foregoing, to the extent that the Average Market Price is different from the average of the daily closing price of WHX Common Stock for the ten consecutive trading days preceding the date upon which a registration statement (the "Registration Statement") with respect to the WHX Common Stock to be delivered hereunder is filed (the "Subsequent Average Market Price"), then an adjustment shall be made to the number of shares of WHX Common Stock to be delivered by Buyer to Seller in accordance with this Section 3.1(b). The amount of such adjustment shall be equal to the product (which may be positive or negative) of (A) the difference between the Average Market Price and the Subsequent Average Market Price multiplied by (B) the number of shares of WHX Common Stock to be delivered by Buyer to Seller at Closing (the "Adjustment Amount").

Average Market means, with respect to the Reference Obligation on each Valuation Date, the unweighted arithmetic mean of the Market Values determined by the Calculation Agent with respect to such Reference Obligation on each such date;