Average Market Value definition

Average Market Value is the average of the closing sale prices of the Common Stock during the thirty (30) day period immediately preceding the date before the redemption date on the Composite Tape for New York Stock Exchange Listed Stocks, or, if such stock is not quoted on the Composite Tape, on the New York Stock Exchange, or, if such stock is not listed on such Exchange, on the principal United States securities exchange registered under the Securities Exchange Act of 1934, as amended, on which such stock is listed, or, if such stock is not listed on any such exchange, the average of the closing sale prices with respect to a share of Common Stock during such thirty (30) day period, as quoted on the National Association of Securities Dealers, Inc. Automated Quotations System or any system then in use, or if no such quotations are available, the fair market value of the Common Stock as determined by the Board of Directors in good faith.

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Average Market Value means the simple average of the daily stock prices at close for each trading day during the applicable period beginning or ending on the specified date for which such closing price is reported by the New York Stock Exchange, Nasdaq Stock Exchange or other authoritative source the Committee may determine.

Average Market Value with respect to a company, shall mean the average closing trading price of a company’s shares on the principal exchange on which such shares are then traded, during the 30 consecutive calendar days ending on (and including) a specified date, as reported by the applicable principal exchange on which such company’s shares are listed or quoted, or by such other authoritative source as the Plan Administrator may determine.

Examples of Average Market Value in a sentence

• 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.

• The Client shall pay an annual account fee in an amount equal to the above percentage per year of the Average Market Value (as defined below) of the Precious Metals in Your Storage Account during the period to which the invoice relates.

• In addition, the right of Holders to exchange will be suspended if the Company has irrevocably elected to pay in cash the Average Market Value Amount in respect of all Notes delivered for exchange prior to Redemption Date or final maturity date in respect of the Notes, as provided in the Notes.

• The aggregate purchase price paid by CPA: 18 for an Investment, provided that, if a later Appraised Value is obtained for the Investment, that later Appraised Value, adjusted for other net assets and liabilities that have economic value and are associated with that Investment, shall become the Average Market Value for the Investment.

• Each DSU represents the right to receive an amount in cash equal to the Average Market Value (as defined in Section 2(b)) of one share of Stock as of the Settlement Date (defined in Section 2(b)) to the extent the Participant is vested in such DSU as of the Settlement Date, subject to the terms of this Agreement and the Plan.

More Definitions of Average Market Value

Average Market Value means the average of the closing sale price of such stock for the applicable ten trading days beginning or ending on a specified date for which such closing sales price is reported by Bloomberg L.P. or any affiliate thereof or such other authoritative source as the Committee may determine.

Average Market Value of the Common Stock means the arithmetic average of the Current Market Value of the Common Stock for the five trading days ending on the second Business Day prior to (a) in the case of the payment of any dividend, the Record Date for such dividend and (b) in the case of any other payment, the date of such payment.

Average Market Value means the average of the closing sale price of the Common Stock on the principal securities exchange on which the Common Stock is then traded for the twenty (20) trading days immediately preceding the Grant Date.

Average Market Value means the average of the Closing Prices for the security in question for the fifteen (15) trading days immediately preceding the date of determination.

Average Market Value. The aggregate purchase price paid by CPA: 17 for an Investment, provided that, if a later Appraised Value is obtained for the Investment, that later Appraised Value, adjusted for other net assets and liabilities that have economic value and are associated with that Investment, shall become the Average Market Value for the Investment .

Average Market Value means, with respect to one Common Share as of any date or with respect to any period, the mean between the per-share high and low prices for the Common Shares on such date, or on each trading day during such period, as quoted on the NASDAQ National Market System, or, if the Common Shares are not traded on such system, on such other securities market or securities exchange on which such shares are traded as the Committee shall determine.

Average Market Value is calculated as (i) the sum of (x) the total number of each item of Precious Metals in the Client Storage Account on each business day in the applicable month, multiplied by (y) the market price as determined by the London Bullion Market Association PM metal fixing for each business day for each item of Precious Metals in the Your Storage Account, divided by (ii) the total number of calendar months.