Drag Price definition

Drag Price has the meaning set forth in Section 10.9(a).
Sample 1Sample 2Sample 3
Drag Price has the meaning ascribed to it in Clause 8.3.3; “Drag Securities” has the meaning ascribed to it in Clause 8.3.3; “Drag Transfer” has the meaning ascribed to it in Clause 8.3.3;
Sample 1
Drag Price shall have the meaning given to the term in Clause 15.2.1(a);
Sample 1

Examples of Drag Price in a sentence

  • Upon receipt of the Promoter EOD Drag Along Notice, the Investor shall be bound to Transfer the Investor EOD Drag Securities simultaneously with the Transfer of Securities of the Company by the Promoter, at the Promoter EOD Drag Price, and on the terms and conditions and to such Person(s) as set forth in the Promoter EOD Drag Along Notice.

  • Upon receipt of the EOD Drag Along Notice, the Promoter shall be bound to Transfer the EOD Drag Securities simultaneously with the Transfer of Securities of the Company by the Investor, at the EOD Drag Price, and on the terms and conditions and to such Person(s) as set forth in the EOD Drag Along Notice.

  • If the Expert confirms that the Drag Price is lower than the price calculated in accordance with Article 15.1 above, the Majority Member will lose the Right to Drive, unless within 10 (ten) working days of the Expert's confirmation, the Member majority does not communicate in writing to the Minority Shareholders that it wishes to exercise the Right of Draw at the higher price calculated by the Expert.

  • The terms and conditions applicable to a sale of the Investors’ Shares, save and except the Drag Price shall be the same as the terms and conditions applicable to the sale of the Sponsor’s Shares.

  • Provided, however, that the Dragging Shareholder's right to exercise the Mandated Sale is subject to the condition that the Dragging Shareholder shall also be required to sell the proportionate number of Securities as the Dragged Shareholder and at the Drag Price.

  • In the event the Investor sells only Shares to the Exit Buyer at the Drag Price, the price per Warrant payable to the Founders shall be the excess (positive difference) of (i) the Drag Price over (ii) the balance payable towards exercise of each Warrant held by the Founders.

  • Upon delivery of the Drag Notice, SAHPL shall be irrevocably bound and obligated to sell to the Drag Purchaser (along with the Equity Securities held by the Investor) all of the Dragged Securities, at the Drag Price, provided that, the Investor may (at its discretion) at any time in writing, withdraw the Drag Notice and release SAHPL from the obligation to sell the Dragged Securities.

  • For the Purposes of this Article 39(5), the Drag Price shall mean a price higher of the (i) Sponsor Drag Share Price; or (ii) the FMV Price (defined below in Article 57(7)) as determined by a Big Four firm; or (iii) a price equivalent to an IRR of 20.4% on the Investor Consideration for a period from the Completion Date to the date of sale of the Drag Shares.

  • Upon receipt of a Drag Along Notice, Radiant shall be bound to Transfer the Drag Securities simultaneously with the Transfer of Equity Securities of the Company by Max India, at the Drag Price, and on the terms and conditions and to such Person(s) as set forth in the Drag Along Notice.

  • The loan carries no interest and is due on demand.Operational transactionsThe Company paid $2,617,832 to 1990299 Alberta Ltd.


More Definitions of Drag Price

Drag Price has the meaning given in clause 11.2(c);
Sample 1

Related to Drag Price

  • Selling Price means the same meaning as in RCW 82.08.010, except that when the product is sold under circumstances where the total amount of consideration paid for the product is not indicative of its true value. Selling price means the true value of the product sold as determined or agreed to by the ((board)) WSLCB. For purposes of this subsection:

  • Closing Price has the meaning assigned to such term in Section 15.1(a).

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

  • Catalog price means a price included in a catalog, price list, schedule, or other form that is regularly maintained by the manufacturer or vendor, is either published or otherwise available for inspection by customers, and states prices at which sales are currently, or were last, made to a significant number of buyers constituting the general public; and

  • Trading Price of the Notes on any date of determination means the average of the secondary market bid quotations obtained by the Bid Solicitation Agent for $5,000,000 principal amount of Notes at approximately 3:30 p.m., New York City time, on such determination date from three independent nationally recognized securities dealers the Company selects for this purpose; provided that if three such bids cannot reasonably be obtained by the Bid Solicitation Agent but two such bids are obtained, then the average of the two bids shall be used, and if only one such bid can reasonably be obtained by the Bid Solicitation Agent, that one bid shall be used. If the Bid Solicitation Agent cannot reasonably obtain at least one bid for $5,000,000 principal amount of Notes from a nationally recognized securities dealer on any determination date, then the Trading Price per $1,000 principal amount of Notes on such determination date shall be deemed to be less than 98% of the product of the Last Reported Sale Price of the Common Stock and the Conversion Rate.

  • Sale Price means the value as determined by the Administrator of the consideration payable, or otherwise to be received by stockholders, per share of Stock pursuant to a Sale Event.

  • Cash sale price means the price of a good or service a retail buyer would pay if he or she paid for the good or service in cash, and that is stated in a retail installment contract or in a sales slip or other memorandum furnished by a retail seller to a retail buyer pursuant to a retail charge agreement for that good or service. The cash sale price may include any taxes and charges for delivery, installation, servicing, repairs, alterations, or improvements.

  • Exchange Price means as of any date, $1,000, divided by the Exchange Rate as of such date.

  • Final 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 Final Valuation Date, subject to adjustments that may be made pursuant to “DESCRIPTION OF THE NOTES – Adjustments and Exceptional Circumstances”.

  • Set Price shall have the meaning set forth in Section 4(c)(i).

  • 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).

  • Closing Price Per Share means, with respect to the Common Stock, for any day, (i) the last reported sale price regular way on the Nasdaq National Market or, (ii) if the Common Stock is not quoted on the Nasdaq National Market, the last reported sale price regular way per share or, in case no such reported sale takes place on such day, the average of the reported closing bid and asked prices regular way, in either case, on the principal national securities exchange on which the Common Stock is listed or admitted to trading, or (iii) if the Common Stock is not quoted on the Nasdaq National Market or listed or admitted to trading on any national securities exchange, the average of the closing bid prices in the over-the-counter market as furnished by any New York Stock Exchange member firm selected from time to time by the Company for that purpose.

  • Cash price means the price measured in dollars at which a seller of a motor vehicle would in good faith sell to the buyer or to any other buyer under like circumstances, and the buyer would in good faith buy from the seller, the motor vehicle that is the subject matter of an installment sale contract if the sale were a sale for cash instead of an installment sale.

  • Average Price means the average closing price of a share of the Substitute Common Stock for the one year immediately preceding the consolidation, merger or sale in question, but in no event higher than the closing price of the shares of Substitute Common Stock on the day preceding such consolidation, merger or sale; provided that if Issuer is the issuer of the Substitute Option, the Average Price shall be computed with respect to a share of common stock issued by the person merging into Issuer or by any company which controls or is controlled by such person, as the Holder may elect.

  • Ending Price means the average closing price of one share of common stock on the applicable stock exchange during the twenty (20) trading days immediately preceding and including the last day of the Performance Period; provided that, in the case of a Change of Control, the Ending Price for the Company shall be the fair market value of a Share immediately prior to the Change of Control, and the Ending Price for all other companies shall be the average closing price of one share of common stock on the applicable stock exchange during the twenty (20) trading days immediately preceding the date of the Change of Control.

  • Highest Closing Price means the highest closing price for shares of Substitute Common Stock within the six-month period immediately preceding the date the Substitute Option Holder gives notice of the required repurchase of the Substitute Option or the Substitute Share Owner gives notice of the required repurchase of the Substitute Shares, as applicable.

  • Quoted Price of the Common Stock means the last reported sale price of the Common Stock on the Nasdaq National Market, or, if the Common Stock is listed on a national securities exchange, then on such exchange, or if the Common Stock is not quoted on Nasdaq National Market or listed on an exchange, the average of the last bid and asked price on the National Association of Securities Dealers Automated Quotation System.

  • Average Sale Price means the average of the Sale Prices of the Common Stock for the shorter of

  • Closing Sale Price means, for any security as of any date, the last closing trade price for such security on the Principal Market, as reported by Bloomberg, or, if the Principal Market begins to operate on an extended hours basis and does not designate the closing trade price, then the last trade price of such security prior to 4:00:00 p.m., New York time, as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange or trading market for such security, the last trade price of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing does not apply, the last trade price of such security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no last trade price is reported for such security by Bloomberg, the average of the ask prices of any market makers for such security as reported in the “pink sheets” by OTC Markets Group Inc. (formerly Pink Sheets LLC). If the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Sale Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved in accordance with the procedures in Section 13. All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during such period.

  • Market Price as of any date, (i) means the average of the last reported sale prices for the shares of Common Stock on the OTCBB for the five (5) Trading Days immediately preceding such date as reported by Bloomberg, or (ii) if the OTCBB is not the principal trading market for the shares of Common Stock, the average of the last reported sale prices on the principal trading market for the Common Stock during the same period as reported by Bloomberg, or (iii) if market value cannot be calculated as of such date on any of the foregoing bases, the Market Price shall be the fair market value as reasonably determined in good faith by (a) the Board of Directors of the Company or, at the option of a majority-in-interest of the holders of the outstanding Warrants by (b) an independent investment bank of nationally recognized standing in the valuation of businesses similar to the business of the corporation. The manner of determining the Market Price of the Common Stock set forth in the foregoing definition shall apply with respect to any other security in respect of which a determination as to market value must be made hereunder.

  • Offering Price has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Time sale price means the total of the cash price of the goods and services or services, the finance charge, and the amounts, if any, included for insurance premiums and official fees.

  • 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.

  • Placing Price means 100 pence per Placing Share;

  • Reference Price means the Reference Price of the Underlying as specified in § 1 of the Product and Underlying Data.

  • Lowest price means the least possible amount that meets all requirements of the request of a purchasing agent.