Definition of Buyer Average Share Price


Buyer Average Share Price means the average of the closing prices of Buyer Shares as reported on the Nasdaq Global Market during the ten (10) trading days ending (i) two (2) trading days prior to the Closing Date, in the case of the Upfront Share/Cash Consideration (if applicable), (ii) two (2) trading days prior to the delivery of the First Tranche Contingent Consideration Statement, in the case of the First Tranche Contingent Consideration (if applicable), and (iii) two (2) trading days prior to the delivery of the Second Tranche Contingent Consideration Statement, in the case of the Second Tranche Contingent Consideration (if applicable).
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Examples of Buyer Average Share Price in a sentence

To the extent the Buyer elects to pay the Second Tranche Contingent Consideration by the Buyer issuing additional Buyer Shares, the aggregate number of Buyer Shares to be issued shall be equal to the Second Tranche Contingent Consideration divided by the Buyer Average Share Price.
No fraction of a share of Buyer Shares will be issued, but in lieu thereof each holder of shares of a Target Equity Interest who would otherwise be entitled to a fraction of a share of Buyer Shares (after aggregating all fractional shares of Buyer Shares to be received by such holder) shall receive from Buyer an amount of cash (rounded to the nearest whole cent) equal to the product of (i) such fraction, multiplied by (ii) the Buyer Average Share Price.
Buyer Average Share Price shall mean, in respect of a particular period, the average closing price of Buyers common stock on NASDAQ over such period.
Buyer Average Share Price means $57.30, which is the volume-weighted average trading price of a Buyer Share on Nasdaq as reported by Bloomberg LP for the ten (10) consecutive trading days ending the last trading day immediately preceding the date of this Agreement.
To the extent the Buyer elects to pay the First Tranche Contingent Consideration by the Buyer issuing additional Buyer Shares, the aggregate number of Buyer Shares to be issued shall be equal to the First Tranche Contingent Consideration divided by the Buyer Average Share Price.