Determination Price definition

Determination Price means [insert in the case of Index linked interest Securities relating to a single Index: an amount (which shall be deemed to be an amount of the Specified Currency) equal to [the official closing level] [] of the Index determined by the Calculation Agent on the Underlying Determination Date, without regard to any subsequently published correction.] [insert in the case of Index linked interest Securities relating to a basket of Indices: an amount (which shall be deemed to be an amount of the Specified Currency) equal to the sum of the values calculated for each Index as the [official closing level] [] of such Index determined by the Calculation Agent on the Underlying Determination Date, without regard to any subsequently published correction, multiplied by [insert the relevant Multiplier].] [insert in the case of Equity linked interest Securities relating to a single Underlying Equity: [the price determined and published on the Exchange on the [relevant] Underlying Determination Date as the [official closing price] [] of the Underlying Equity] without regard to any subsequently published correction determined by or on behalf of the Calculation Agent or if no such [official closing price] [] can be determined and the Underlying Determination Date is not a Disrupted Day an amount determined by the Calculation Agent in good faith to be equal to the arithmetic mean of the [closing] [] fair market buying price and the [closing] [] fair market selling price on the Underlying Determination Date for the Underlying Equity based, at the Calculation Agent’s discretion, either on the arithmetic mean of the foregoing prices or the middle market quotations provided to it by two or more financial institutions (as selected by the Calculation Agent) engaged in the trading of the Underlying Equity or on such other factors as the Calculation Agent shall decide. [insert if Exchange Rate applies: The amount determined pursuant to the foregoing shall be converted into the Specified Currency at the Exchange Rate and such converted amount shall be the Reference Price.]] [insert in the case of Equity linked interest Securities relating to a basket of Underlying Equities: an amount equal to the sum of the values calculated for each Underlying Equity as the [official closing price] of such Underlying Equity without regard to any subsequently published correction determined by or on behalf of the Calculation Agent or if no such [official closing price] can be determined and th...

Determination Price means, in respect of each Unit:

Determination Price means the average of the closing sales prices of the Company's Common Stock as reported on the New York Stock Exchange Composite Transactions List for each of the 20 consecutive trading days immediately preceding the fifth trading day prior to the Closing Date (as defined in the Agreement and Plan of Merger dated September 10, 1997 among the Company, a Company Subsidiary and the Target).

Examples of Determination Price in a sentence

• At maturity, the Issuer shall pay or deliver for each $1,000 principal amount of Notes, either (i) a cash payment equal to $1,000, if the Determination Price on the Determination Date of the Underlying Shares is at or above the Initial Price, or (ii) the number of Underlying Shares equal to the Stock Redemption Amount, if the Determination Price on the Determination Date of the Underlying Shares is lower than the Initial Price.

• At maturity, the Issuer shall pay or deliver for each $1,000 principal amount of Notes, either (I) a cash payment equal to $1,000, if the Determination Price on the Determination Date of the Underlying Shares is at or above the Initial Price, or (ii) the number of Underlying Shares equal to the Stock Redemption Amount, if the Determination Price on the Determination Date of the Underlying Shares is lower than the Initial Price.

• Fractional shares of Omega Common Stock shall not be issued and each holder of Sun Common Stock who would otherwise be entitled to receive any such fractional shares (taking into account all share amounts to which such holder is otherwise entitled hereunder) shall receive cash (without interest) in lieu thereof in an amount equal to the fraction of the share of Omega Common Stock to which such holder would otherwise be entitled multiplied by the Determination Price.

• Section 6.1 of the Merger Agreement is hereby amended by deleting the words ", or take any other action a principal purpose of which is to affect the calculation of the Determination Price" from subsection (xxiii) thereof.

• Each holder who otherwise would have been entitled to a fraction of a share of Parent Common Stock (after taking into account all Certificates of such holder) shall receive in lieu thereof cash (without interest) in an amount determined by multiplying the fractional share interest to which such holder would otherwise be entitled by the Parent Determination Price (as hereinafter defined).

More Definitions of Determination Price

Determination Price shall have the meaning ascribed to such term in the Notes.

Determination Price means the average of the Volume-Weighted Average Trading Prices of Acquiror Shares for the twenty (20) consecutive trading days on which trading of Acquiror Shares occurs (each a "Trading Day") (the "Averaging Period") ending on the tenth trading day immediately prior to the Closing Date for the Merger, rounded to the nearest one-hundred thousandth (or if there shall not be a nearest one-hundred thousandth, to the next higher one-hundred thousandth). "Volume-Weighted Average Trading Price" means, for any Trading Day, an amount equal to (i) the cumulative sum, for each trade of Acquiror Shares during such Trading Day on the New York Stock Exchange, Inc. (the "NYSE") (or, if such security is not listed on the NYSE, such other principal exchange or over-the-counter market on which such security is listed), of the product of: (x) the sale price times (y) the number of Acquiror Shares sold at such price, divided by (ii) the total number of Acquiror Shares so traded during the Trading Day.

Determination Price means the average closing sale price for Common Stock, on the primary exchange on which Common Stock is traded, for the trading days occurring during the Determination Period. Period.

Determination Price has the meaning provided in Section 8.1 Sterling Exchange Act Reports has the meaning provided in Section 4.6. Sterling Savings Bank has the meaning provided in the third paragraph of page 1.

Determination Price means the greater of (i) $2.75 per share of Common Stock or (ii) average closing bid price of the Common Stock on the ten (10) trading days ending on March 2, 1999. N = ($4.00 - DP) x (I /$4.00) -------------------------- DP N = Number of Additional Warrants DP = Determination Price I = Amount of Investment The Additional Warrants will be in the form attached hereto as EXHIBIT "D". The shares of Common Stock issuable upon conversion of the Additional Warrants shall be considered Warrant Shares for purposes hereof and Registrable Securities for purposes of the Registration Rights Agreement.

Determination Price means the Company's "average volume weighted price" (displayed under the heading "Bloomberg VWAP" on the issuer's Bloomberg page) over the two NASDAQ trading days immediately prior to the date on which the VAI is exercised.

Determination Price means the average closing price per share of Acquiror Stock, based on each day's closing price as provided by the Nasdaq National Market System or, if unavailable from such source, then as reported in the Wall Street Journal, for the period of twenty (20) trading days ending on the third trading day prior to (and not including) the Closing Date; provided, however, that if the average closing price per share of Acquiror Stock so calculated is less than $29.00, then the Determination Price shall be $29.00; and provided, further, that if the average closing price per share of Acquiror Stock so calculated is greater than $36.00, then the Determination Price shall be $36.00.