Five-Day VWAP definition

Five-Day VWAP means as applicable: (i) the volume weighted average price per Common Share as reported by Bloomberg and calculated during regular trading hours over the five consecutive Trading Day period expiring on the Trading Day immediately prior to the date of delivery of a Conversion Notice in accordance with Section 6(e); or (ii) if the Common Shares are not then listed or traded on a United States securities exchange or trading market and if prices for the Common Shares are then reported on the Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per Common Share so reported.

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Five-Day VWAP means the arithmetic average of the Daily VWAP for the five consecutive Trading Days ending two Trading Days prior to the applicable Conversion Date.

Five-Day VWAP means the VWAP for the immediately preceding five consecutive Trading Days.

Examples of Five-Day VWAP in a sentence

If any delivery of shares of Common Stock owed to any Holder upon conversion may not be made, in whole or in part, as a result of the limitations in this Section 14.12, such Holder shall be entitled to receive cash in lieu of such shares of Common Stock, in an amount equal to the product of (x) the number of shares of Common Stock that the Company is unable to issue pursuant to this Section 14.12 multiplied by (y) the Five-Day VWAP.
The “Conversion Price” for any conversion hereunder shall be the lower of (I) the amount of $7.00 per Common Share, which amount may be adjusted pursuant to Section 6(c) or (II) the Five-Day VWAP of the Company immediately preceding the conversion date; provided, that, notwithstanding anything to the contrary herein, the Conversion Price shall not be less than $0.30 per share.
At the Closing, the Buyer will purchase from the Seller, and the Seller will sell to the Buyer, the Shares at an aggregate purchase price (the “Purchase Price”) equal to 97% of the product of (x) the Five-Day VWAP as of the Closing Date multiplied by (y) 3,000,000.

More Definitions of Five-Day VWAP

Five-Day VWAP means, in respect of any Shares in the issued ordinary share capital of any company listed on the JSE, the volume weighted average price of such Shares calculated over a period of 5 (five) consecutive Trading Days immediately preceding the date on which such volume weighted average price is calculated, as determined by the Calculation Agent in accordance with the Account Bank and Agency Agreement;

Five-Day VWAP means the arithmetic average of the Volume Weighted Average Price for the five consecutive Trading Days ending two Trading Days prior to the applicable Conversion Date.

Five-Day VWAP of our Common Stock means the per share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page “XELA <equity> AQR” (or its equivalent successor if such page is not available) for any five consecutive trading days (or if such volume- weighted average price is unavailable, the market value of one share of our Common Stock on such trading days determined, using a volume-weighted average method to the extent practicable, by a nationally recognized independent investment banking firm retained for this purpose by us). Daily VWAP will be determined without regard to after-hours trading or any other trading outside of the regular trading session.

Five-Day VWAP means, as of a particular date, the average of the per share volume-weighted average price of the ADS, as displayed under the heading “Bloomberg VWAP” on the applicable Bloomberg page, for the ten trading days immediately prior to, but excluding, such date.

Five-Day VWAP means the volume-weighted average price of the equity, determined for the five (5) consecutive trading days ending on the last trading day immediately preceding the applicable date.

Five-Day VWAP means, for any date of determination, an amount equal to (a) the sum of the Daily VWAP for each Trading Day in the five consecutive Trading Day period ending on, and including, the Trading Day immediately preceding such date of determination, divided by (b) five.

Five-Day VWAP means, as of any date of determination, the volume weighted average price of the GNL Shares for the five (5) trading days ending on the first trading day immediately preceding such date of determination.