Definition of Closing Average Share Price


Closing Average Share Price means the average of the Closing Price of a share of relevant stock for the last 30 calendar days.
Sample 1

Examples of Closing Average Share Price in a sentence

Subject to the terms of Section 2.1.3 above, the Conversion Payment shall include the right to receive up to 1,733,334 shares of Parent Common Stock, which shall be paid pro rata to the PCSEs on the second anniversary of Closing based on the average daily closing share price for Parent Common Stock for the six (6) months ending twenty four (24) months after Closing ("Average Share Price").
Purchaser and the Stockholders Representative shall instruct the Escrow Agent to deliver to Purchaser the number of Indemnity Shares and/or Earn-Out Indemnity Shares equal to the quotient obtained by dividing (a) the amount of such recovery by (b) the Closing Average Share Price.
Purchaser and the Sellers Representative shall instruct the Escrow Agent to deliver to Purchaser the number of Indemnity Shares and/or Earn-Out Indemnity Shares equal to the quotient obtained by dividing (a) the amount of such recovery by (b) the Closing Average Share Price.
The Banknorth Closing Average Share Price shall mean the average of the closing sale prices for the Banknorth Delaware Common Stock on the New York Stock Exchange, based on information reported in The Wall Street Journal, for the five trading days immediately following the Closing Date.
For purposes of such Three Million Three Hundred Thousand Dollar payment, shares of Purchaser Common Stock shall be valued at the Closing Average Share Price and such shares shall not be registered under the federal securities laws upon their issuance and shall not otherwise be accorded any registration rights.