Average TLC Trading Price definition
Average TLC Trading Price means the average of the daily closing price per share of TLC Common Shares on NASDAQ for the 10 consecutive trading days prior to the Closing Date.
Examples of Average TLC Trading Price in a sentence
All fractional TLC Common Shares that a holder of LVCI Common Shares would otherwise be entitled to receive as a result of the Merger shall be aggregated and if a fractional share results from such aggregation, such holder shall be entitled to receive, in lieu thereof, an amount (in U.S. dollars) in cash (without interest) determined by multiplying the Average TLC Trading Price by the fraction of a TLC Common Share to which such holder would otherwise have been entitled.