Designated Parent Stock Price definition

Designated Parent Stock Price shall be the average of the closing sale prices of a share of Parent Common Stock (weighted by the number of shares traded on each of such days) as reported on the Nasdaq National Market for each of the five consecutive trading days immediately preceding one business day prior to the Closing Date; provided, however, if such price is greater than $15.30, the Designated Parent Stock Price shall be $15.30, and if such price is less than $14.00, the Designated Parent Stock Price shall be $14.00.
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Designated Parent Stock Price shall be the average of the closing sale prices of Parent Common Stock as reported on the Nasdaq for each of the ten consecutive trading days in the period ending on the date that is two trading days immediately preceding the date of this Agreement (as adjusted for any stock split, stock dividend, stock combination or other recapitalization).
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Designated Parent Stock Price shall be the closing sales price of one share of Parent Common Stock as reported on the Nasdaq National Market on the Closing Date.
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Examples of Designated Parent Stock Price in a sentence

  • Microfinance institutions were no longer able to finance creditworthy borrowers in other states, which in turn led to decreased wages, consumption, earnings, and even agricultural yields.In summary, our findings complement the RCT literature.

  • In addition to the other termination rights provided elsewhere in this Agreement, in the event the Designated Parent Stock Price (as defined below) is less than $3.25 or greater than $6.25, this Agreement may be terminated by either Parent, or the Company, upon written notice delivered not less than three (3) business days prior to the Closing Date.

  • Notwithstanding the preceding sentence, for purposes of the payment of Escrow Shares in satisfaction of such indemnification obligations, the Escrow Shares shall be valued at the Designated Parent Stock Price.

  • For purposes of this Article VII, each Company Escrow Share and each Parent Escrow Share shall be valued at the Designated Parent Stock Price.

  • For purposes of this Section 1.11, the "Designated Parent Stock Price" shall be the weighted average of the closing sale prices of a share of Parent Common Stock as reported on the Nasdaq SmallCap Market for each of the 20 consecutive trading days ending on the 10th day immediately preceding the Closing Date.

  • No fraction of a share of Parent Common Stock will be issued, but in lieu thereof, each holder of shares of Company Common Stock who would otherwise be entitled to a fraction of a share of Parent Common Stock (after aggregating all fractional shares of Parent Common Stock to be received by such holder) shall be entitled to receive from Parent an amount of cash (rounded to the nearest whole cent) equal to the product of (i) such fraction, multiplied by (ii) the Designated Parent Stock Price.

  • The number of shares of Parent Common Stock comprising the Escrow Fund shall be calculated by dividing the amount of the Escrow Fund by the Closing Designated Parent Stock Price.

  • Designated Parent Stock Price" shall mean the average of the closing sale prices of a share of Parent Common Stock as reported on the Nasdaq National Market for the ten consecutive trading days ending on the second trading day immediately preceding the Closing Date.

  • The Designated Parent Stock Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive Extraordinary Common Stock Event or Events.

  • The "Designated Parent Stock Price" shall be the closing sales price of one share of Parent Common Stock as reported on the Nasdaq National Market on the Closing Date.


More Definitions of Designated Parent Stock Price

Designated Parent Stock Price shall be the fair market value of the Escrow Shares, as determined in good faith by a majority of the members of the Parent Board at the time of the first release of Escrow Shares from the escrow account; provided, however, that if upon notice to the Stockholder Representative of calculation of the Designated Parent Stock Price the Stockholder Representative objects to such determination, the Stockholder Representative may engage an independent appraisal firm or investment banking firm, which appraiser shall be unaffiliated with the parties, such selection to be made within 10 days of receipt of notice of the Designated Parent Stock Price. The reasonable cost of such appraisal shall be borne by Parent. The Stockholder Representative shall cause the appraiser to determine independently the Designated Parent Stock Price within fifteen (15) days after the time of its appointment. If the Parent Board and the Stockholder Representative are unable to reach an agreement as to such appraisal, then two appraisers will be appointed within five (5) business days thereafter, one each by the Parent Board and the Stockholder Representative. Each party will bear the expenses of the appraiser selected by such party. Each of the Parent Board and the Stockholder Representative will cause their appraiser to determine independently the Designated Parent Stock Price within fifteen (15) days after the time of their appointment. The average of such two (2) appraised values shall be binding on all parties concerned as the Designated Parent Stock Price.
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Designated Parent Stock Price means the volume-weighted average price of the Parent Common Stock for the five (5) trading days ending on June 16, 2003.
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Designated Parent Stock Price shall be the average of the closing sale price of a share of Parent Common Stock as reported on the NASDAQ National Market for each of the Signing Date and the four (4) consecutive trading days prior to the Signing Date. By way of example of the above only, in the event the Adjusted Fully Diluted Company Share Amount is 2,600,000 shares and the Designated Parent Stock Price is Eight and 50/100 Dollars ($8.50), then the Applicable Fraction would be 0.40724, which is the fraction obtained by dividing 2,600,000 into 1,058,824 (9,000,000 divided by Eight and 50/100 Dollars ($8.50)).
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Designated Parent Stock Price shall be the weighted average sale price of a share of Parent Common Stock as reported on the Nasdaq National Market for the period of five consecutive trading days ending on and including May 12, 2005.
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Designated Parent Stock Price shall have the meaning given it in Section 1.5(b)(ix) of the Agreement. EDS WARRANT. "EDS Warrant" shall mean the warrant exercisable for the purchase of 25,000 shares of Company Common Stock at a price of $4.00 per share, issued on July 27, 1994 to Electronic Data Systems Corporation ("EDS") in full satisfaction of the Company's obligations under Section 6.1 of the Software and Services Agreement dated March 28, 1994 between the Company and EDS. EFFECTIVE TIME. "Effective Time" shall have the meaning given it in Section 1.3 of the Agreement. ENCUMBRANCE. "Encumbrance" shall mean any lien, pledge, hypothecation, charge, mortgage, security interest, encumbrance, claim, infringement, interference, option, right of first refusal, preemptive right, community property interest or restriction of any nature (including any restriction on the voting of any security, any restriction on the transfer of any security or other asset, any restriction on the receipt of any income derived from any asset, any restriction on the use of any asset and any restriction on the possession, exercise or transfer of any other attribute of ownership of any asset). ENTITY. "Entity" shall mean any corporation (including any non-profit corporation), general partnership, limited partnership, limited liability partnership, joint venture, estate, trust, company (including any limited liability company or joint stock company), firm or other enterprise, association, organization or entity. ESCROW AGENT. "Escrow Agent" shall mean the First National Bank of Boston or another escrow agent mutually agreed upon by Parent and the Company. EXCHANGE ACT. "Exchange Act" shall mean the Securities Exchange Act of 1934, as amended. EXPIRATION DATE. "Expiration Date" shall mean (a) as to the representations and warranties contained in Sections 2.4, 2.7 and 3.3(b) of the Agreement, the earlier of (i) the date KPMG Peat Marwick formally issues its opinion in Parent's report on Form 10-K for the first fiscal year which includes financial results with Parent and the Company combined and (ii) the date 135 days following the Closing Date; and (b) as to all other representations and warranties contained in Sections 2 and 3 of the Agreement, the date 135 days following the Closing Date (such date of expiration in both cases being referred to as the "Expiration Date" herein). FINAL DATE. "Final Date" shall have the meaning given it in Section 8.1 of the Agreement. FINAL TRANSACTION COSTS SCHEDULE. "Final Transacti...
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Designated Parent Stock Price means $1.00.
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Related to Designated Parent Stock Price

  • Parent Stock Price means the volume weighted average price per share of the Parent Common Stock on the NYSE for the ten consecutive trading days ending on the complete trading day immediately prior to the Closing Date.

  • Average Parent Stock Price means the average of the volume weighted averages of the trading prices of Parent Common Stock, as such price is reported on the NYSE Composite Transaction Tape (as reported by Bloomberg Financial Markets or such other source as the parties shall agree in writing), for the 15 trading days ending on the third trading day immediately preceding the Effective Time.

  • Purchaser Stock Price means, with respect to any Common Stock Fundamental Change, the average of the daily Closing Price for one share of the common stock received by holders of the Common Stock in such Common Stock Fundamental Change during the 10 Trading Days immediately prior to the date fixed for the determination of the holders of the Common Stock entitled to receive such common stock or, if there is no such date, prior to the date upon which the holders of the Common Stock shall have the right to receive such common stock.

  • Applicable Stock Price means, in respect of a Conversion Date, the average of the Closing Sale Prices per share of Common Stock over the five-Trading Day period starting the third Trading Day following such Conversion Date.

  • Common Stock Price means the volume weighted average closing price of the Common Stock as reported by the NYSE American for the 10 trading days immediately preceding the date on which the determination is made.

  • Make-Whole Acquisition Stock Price means the price paid per share of Common Stock in the event of a Make-Whole Acquisition. If the holders of shares of Common Stock receive only cash in the Make-Whole Acquisition in a single per-share amount, other than with respect to appraisal and similar rights, the Make-Whole Acquisition Stock Price shall be the cash amount paid per share of Common Stock. For purposes of the preceding sentence as applied to a Make-Whole Acquisition of the type set forth in clause (a) of the definition Make-Whole Acquisition, a single price per share of Common Stock shall be deemed to have been paid only if the transaction or transactions that caused the Make-Whole Acquisition to occur was a tender offer for more than 50% of the then-outstanding Common Stock. Otherwise, the Make-Whole Acquisition Stock Price shall be the average of the Closing Price per share of Common Stock on the ten Trading Days up to, but not including, the Make-Whole Acquisition Effective Date.

  • Closing Stock Price means the Stock Price as of the last day of any Performance Measurement Period.

  • Stock Price shall have the meaning specified in Section 14.03(c).

  • Parent Closing Price means the volume weighted average closing trading price of a share of Parent Common Stock on Nasdaq for the five consecutive trading days ending five trading days immediately prior to the date upon which the Merger becomes effective.

  • Per Share Merger Consideration has the meaning set forth in Section 3.1(a).

  • Parent Common Shares means the common shares of the Parent;

  • Common Share Price means the volume weighted average closing price of the Common Stock (as reported by the Primary Exchange on which the Common Stock is then traded) for the ten (10) trading days immediately preceding the date on which the determination is made (or, if such price is not available, as determined in good faith by the Board of Directors).

  • Parent Stock means the common stock, par value $0.01 per share, of Parent.

  • Initial Share Price for a Share means the Closing Price on the Exchange (or where such Exchange does not announce or publish a Closing Price, the last traded price, or, if necessary, the mid-market price) for that Share on the Initial Valuation Date, subject to adjustments that may be made pursuant to “DESCRIPTION OF THE NOTES – Adjustments and Exceptional Circumstances”.

  • SpinCo Common Stock means the common stock, par value $0.01 per share, of SpinCo.

  • Parent Common Stock means the common stock, par value $0.01 per share, of Parent.

  • Ending Stock Price means the average of the closing price of the applicable stock for the 90 calendar days up to and including the last day of the Performance Period.

  • Initial Merger Consideration has the meaning set forth in Section 2.2(a).

  • Company Share means one share of common stock of the Company, $0.01 par value per share.

  • Total Merger Consideration has the meaning set forth in Section 2.2(a).

  • Per Share Cash Consideration has the meaning set forth in Section 3.01(a)(ii).

  • Reference Share Price means, on any day, the closing price of a Reference Share on the primary exchange on which the Reference Share is traded, as reported by such exchange, provided that if the primary exchange on which a particular Reference Share is traded is not open for trading on that day, if there is no closing price on that day or if there is a market disruption event affecting such Reference Share on that day, the closing price on the immediately preceding day on which such exchange is open for trading (and for which there is a closing price and no market disruption event) will be used, except if this occurs on the Issue Date or an Average Valuation Date, in which case the closing price on the immediately following day on which such exchange is open for trading (and for which there is a closing price and no market disruption event) will be used, up to a maximum postponement of five Business Days. If the closing of the primary exchange, the absence of a closing price or the market disruption event should last for five Business Days, the closing price of the relevant Reference Share will be a price determined on such fifth Business Day by the Calculation Agent in its sole discretion and in good faith using market-accepted practices.

  • Common Stock Consideration has the meaning set forth in Section 1.6(b).

  • Parent Stock Plans has the meaning set forth in Section 4.5(a).

  • Merger Sub Common Stock means the common stock, par value $0.01 per share, of Merger Sub.

  • Per Share Price shall have the meaning set forth in Section 2.1.