Current Share Value definition
Current Share Value means, as of any date (the "computation date"), the average of the closing per share sales prices of ▇▇▇▇▇ Common Stock during the ten trading days consisting of (i) the five consecutive trading days ending on the last day of the calendar month immediately preceding the calendar month in which the computation date falls and (ii) the five consecutive trading days ending on the computation date, in each case, on the Composite Tape of the New York Stock Exchange or, if shares of ▇▇▇▇▇ Common Stock are not then listed on the New York Stock Exchange, on the principal United States securities exchange registered under the Exchange Act on which shares of ▇▇▇▇▇ Common Stock are then listed or, if shares of ▇▇▇▇▇ Common Stock are not then listed on any such stock exchange, the average of the average closing bid and ask quotations with respect to a share of ▇▇▇▇▇ Common Stock during the ten trading days consisting of (A) the five consecutive trading days ending on the last day of the calendar month immediately preceding the calendar month in which the computation date falls and (B) the five consecutive trading days ending on the computation date, in each case, on the NASDAQ or any successor system then in use or, if no such quotations are then available, the average of the bid and asked prices with respect to a share of ▇▇▇▇▇ Common Stock for such trading days, as furnished by a member of the New York Stock Exchange regularly making a market in the ▇▇▇▇▇ Common Stock selected by the ▇▇▇▇▇ Board, or, if no such member firm is then making a market in ▇▇▇▇▇ Common Stock, the fair market value on the computation date of a share of ▇▇▇▇▇ Common Stock as determined in good faith by a majority of the members of the ▇▇▇▇▇ Board after consultation with an independent financial advisor of recognized national standing.
Current Share Value means, as of any date (the "computation date"), the average of the closing per share sales prices of Common Stock during the ten trading days consisting of (i) the five consecutive trading days ending on the last day of the calendar month immediately preceding the calendar month in which the computation date falls, and (ii) the five consecutive trading days ending on the computation date, in each case, on the Composite Tape of the New York Stock Exchange or, if shares of Common Stock are not then listed on the New York Stock Exchange, on the principal United States securities exchange registered under the Securities Exchange Act of 1934, as amended, on which shares of Common Stock are then listed or, if shares of Common Stock are not then listed on any such stock exchange, the average of the average closing bid and ask quotations with respect to a share of Common Stock during the ten trading days consisting of (A) the five consecutive trading days ending on the last day of the calendar month immediately preceding the computation date and (B) the five consecutive trading days ending on the computation date, in each case, on The Nasdaq Stock Market or any successor system then in use or, if no such quotations are then available, the average of the bid and asked prices for such trading days as furnished by a member firm of the New York Stock Exchange regularly making a market in the Common Stock selected for such purpose by the Board or, if no such member firm is then making a market in the Common Stock, the fair market value on the computation date of a share of Common Stock as determined in good faith by a majority of the members of the Board after consultation with an independent financial advisor of recognized national standing.
Current Share Value means the lower of (i) $.20 and (ii) the average closing price per share of Parent Common Stock as reported on the OTC Bulletin Board (or such other market on which such share of common stock are then listed) for the twenty five (25) trading days immediately preceding the date of such Award Event, subject to equitable adjustment as the parties agree in the event of a stock split, recapitalization, stock dividend, distribution or reclassification. An Award Event will be deemed to have occurred pursuant to (a)-(c) if the research studies in support of a Phase II, III or NDA filing have been completed satisfactorily and the results support a reasonable conclusion that a Phase II, III or NDA filing should be pursued, notwithstanding that the actual filing has not been submitted to the FDA for consideration within the time applicable period specified in (a) - (c) hereof.
Examples of Current Share Value in a sentence
The Company will not purchase or otherwise acquire shares of ▇▇▇▇▇ Common Stock with the intention or for the specific purpose, directly or indirectly, of increasing the amount of any Current Share Value to be calculated hereunder.
For purposes of this ARTICLE IX, a share of Preferred Stock shall have a value of $1,000, and a share of common stock issued in satisfaction of an Award shall have the Current Share Value assigned to it hereunder.
More Definitions of Current Share Value
Current Share Value means, as of any date (the "computation date"), the average of the closing per share sales prices of Common Stock during the ten trading days consisting of (i) the five consecutive trading days ending on the last day of the calendar month immediately preceding the calendar month in which the computation date falls, and (ii) the five consecutive trading days ending on the computation date, in each case, on the Composite Tape of the New York Stock Exchange or, if shares of Common Stock are not then listed on the New York Stock Exchange, on the principal United States securities exchange registered under the Securities Exchange Act of 1934, as amended, on which shares of Common Stock are then listed or, if shares of Common Stock are not then listed on any such stock exchange, the average of the average closing bid and ask quotations with respect to a share of Common Stock during the ten trading days consisting of (A) the five consecutive trading days ending on the last day of the calendar month immediately preceding the computation date and (B) the five consecutive trading days ending on the computation date, in each case, on The Nasdaq Stock Market or any successor system then in use or, if no such quotations are then available, the average of the bid and asked prices for such trading days as furnished by a member firm of the New York Stock Exchange regularly making a market in the Common Stock selected for such purpose by the Board or, if no such member firm is then making a market in the Common Stock, the fair market value on the computation date of a share of Common Stock as determined in good faith by a majority of the members of the Board after consultation with an independent financial advisor of recognized national standing. "Dividend Payment Date" means the first Business Day after the last day of each Dividend Period. "Dividend Period" means the six-month period beginning on each January 1 and July 1 of each year; provided, however, that the final Dividend Period with respect to any share of Exchangeable Preferred Stock shall end on the date that such share of Exchangeable Preferred Stock is redeemed or exchanged by the Corporation in accordance with the terms of this Certificate. "Dividend Rate" has the meaning specified in Section 3(c) hereof. "Exchange" has the meaning specified in Section 6(a) hereof. "Exchange Notice" has the meaning specified in Section 6(c) hereof. "Exchangeable Preferred Stock" has the meaning specified in Section 1 hereof. ...