Average Market Capitalization definition

Average Market Capitalization of the Company shall mean the average of the closing prices per Common Share on the Stock Exchange for each trading day during the period for which Average Market Capitalization is calculated multiplied by the average number of shares of the Company’s Common Shares of Beneficial Interest (“Common Shares”) outstanding during such period, plus the daily weighted average of aggregate liquidation preference of each class of the Company’s preferred shares outstanding during such period, plus the daily weighted average of the aggregate principal amount of the Company’s consolidated indebtedness during such period.

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Average Market Capitalization means the weighted average of the common equity market capitalization of the Corporation for each calendar month of the Measurement Period, as calculated by multiplying the number of basic shares of Common Stock outstanding on the last day of each calendar month by the average daily closing price of the Common Stock for each such month.

Average Market Capitalization means, for any period of time, the arithmetic mean of the Market Capitalizations for such period.

Examples of Average Market Capitalization in a sentence

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”).
If the Public REIT’s Average Market Capitalization over any period of 30 consecutive Trading Days is less than one billion dollars ($1,000,000,000), the General Partner may begin an orderly liquidation of the Partnership’s assets and winding up of the Partnership’s operations (a “Market Capitalization Liquidation Event”).
Such notice shall include the date of such Trigger Date and a determination of the Average Market Capitalization as of such Trigger Date.
For the avoidance of doubt, more than one Research Payment may become due and payable based on the Average Market Capitalization determined on any single Trigger Date.
By way of example under the immediately preceding sentence, if the Average Market Capitalization on the first Trigger Date is $[**], then Company shall pay to Broad aggregate Research Payments equal to $[**].

More Definitions of Average Market Capitalization

Average Market Capitalization means the result of (a) the sum of the Market Capitalizations on each Trading Day during a specified period of time divided by (b) the number of Trading Days during such specified period of time.

Average Market Capitalization means the daily average of the Company’s Market Capitalization for the 90 trading days preceding a given day.

Average Market Capitalization means, as of any date of determination, the quotient obtained by dividing (x) the sum obtained by adding together the Market Capitalization of the Company for each trading day during the immediately preceding 30 trading day period completed prior to such date over (y) 30.

Average Market Capitalization on or as of any date shall mean the Company's average common equity market capitalization for the ten consecutive Trading Days prior to but not including such date. The number of shares of Common Stock into which the Preferred Shares outstanding at the determination date are convertible shall be taken into account in any determination of Average Market Capitalization; otherwise, Average Market Capitalization shall not be determined on a Fully-Diluted Basis.

Average Market Capitalization means, for any day on which Common Units are traded on a National Securities Exchange, the quotient derived by dividing (x) by (y), where (x) means the product of (i) the per Common Unit Closing Price applicable on such day, multiplied by (ii) the number of issued and outstanding Common Units as of the close of business on such day, and (y) means .979902.

Average Market Capitalization means the average per share closing price of the common stock of the Company on the OTC Bulletin Board for each trading day in a given month times the average total outstanding shares of common stock during such month. Any of said four certificates not reassigned and delivered to Halters in accordance with this paragraph shall be returned to Buyer by June 5, 2001.

Average Market Capitalization means, as determined on the last day of each calendar month, an amount equal to (a) the average of the daily volume weighted average price of Borrower’s Common Stock as reported for each trading day in the month ending on such date of determination (it being understood that a “trading day” shall mean a day on which shares of Borrower’s Common Stock trade on the NASDAQ in an ordinary trading session) multiplied by (b) the total number of issued and outstanding shares of Borrower’s Common Stock that are issued and outstanding on the date of the determination and listed on the NASDAQ (or, if the primary listing of such Common Stock is on another exchange, on such other exchange). Such determination shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.