Hedging Price definition
Hedging Price means the volume weighted average of the per share prices at which the Seller (or an affiliate of the Seller) purchases shares of Common Stock during the Hedging Period to establish Seller’s initial hedge position with respect to this Transaction.
Hedging Price means one of the following prices in the following order:
Hedging Price means the volume weighted average of the per share prices at which the Seller (or an affiliate of the Seller) purchases shares of Common Stock during the Hedging Period to establish Seller’s initial hedge position with respect to a Transaction.
Examples of Hedging Price in a sentence
Minimum Shares: The number of Shares equal to the quotient of (i) the Prepayment Amount divided by (ii) [*]% of the Hedging Price.
Subject to the proviso contained in Section 2.04(b), 112% of the Hedging Price.
The number of Shares equal to the quotient of (i) the Prepayment Amount, divided by (ii) [****]% of the Adjusted Hedging Price.
The number of Shares equal to the quotient of (i) the Prepayment Amount divided by (ii) [*]% of the Hedging Price.
More Definitions of Hedging Price
Hedging Price. The volume weighted average of the 10b-18 VWAPs for all Scheduled Trading Days on which Barclays establishes its initial Hedge Position in respect of the Transaction during the Initial Hedge Period, where the daily weight for the calculation of such volume weighted average is equal to the quotient of (i) the number of Shares with respect to which Barclays establishes its initial Hedge Position in respect of the Transaction on such day divided by (ii) the total number of Shares with respect to which Barclays establishes its initial Hedge Position in respect of the Transaction during the Initial Hedge Period. Exchange: The New York Stock Exchange Related Exchange(s): All Exchanges.
Hedging Price. The volume weighted average of the 10b-18 VWAPs for all Scheduled Trading Days on which Barclays purchases Shares on the Exchange during the Initial Hedge Period where the daily weight for the calculation of the volume weighted average is equal to the quotient of (i) the number of Shares Barclays purchases on such day as part of establishing its hedge position with respect to this Transaction divided by (ii) the total number of Shares Barclays purchases on the Exchange as part of establishing its hedge position with respect to this Transaction during the Initial Hedge Period. Exchange: NASDAQ Global Select Market Related Exchange(s): All Exchanges Calculation Agent: Barclays
Hedging Price means the arithmetic average of the 10b-18 VWAPs on each Trading Day during the Hedging Period.
Hedging Price. The volume weighted average price at which Party A purchases Shares during the Initial Hedge Period to establish its initial hedge position with respect to this Transaction. Exchange: NASDAQ Global Select Market Related Exchange: All Exchanges
Hedging Price. The volume weighted average price at which Barclays purchases Shares to establish its initial hedge position with respect to the Transaction during the Initial Hedge Period. For the avoidance of doubt, the parties hereto agree and acknowledge that Barclays may execute Rule 10b-18 block purchases to establish all or a portion of its initial hedge position with respect to the Transaction during the Initial Hedge Period. Barclays agrees that it shall purchase Hedge Shares in a commercially reasonable manner, including using good faith efforts to purchase Shares during the Initial Hedge Period in connection with the Transaction in a manner designed not to unnecessarily increase the price of the Shares. Exchange: The New York Stock Exchange Related Exchange(s): All Exchanges Calculation Agent: Barclays; provided, that following the occurrence of an Event of Default pursuant to Section 5(a)(vii) of the Agreement with respect to which Barclays is the Defaulting Party, Counterparty shall have the right to designate a nationally recognized third-party dealer in over-the-counter corporate equity derivatives to act as the Calculation Agent during the period when such Event of Default is continuing. Following any determination, calculation or adjustment by the Calculation Agent hereunder, the Calculation Agent will, upon request, provide to Counterparty promptly following such request a report (in a commonly used file format for storage and manipulation of financial data but without disclosing any proprietary models of the Calculation Agent or other information that may be proprietary or subject to contractual, legal or regulatory obligations to not disclose such information) displaying in reasonable detail the basis for such determination, calculation or adjustment, as the case may be. Trading Period: The period of consecutive Scheduled Trading Days from, and including, the first Scheduled Trading Day following the Hedge Period End Date to, and including, the Maximum Maturity Date, as specified in Schedule A; provided, that Barclays may designate any Scheduled Trading Day on or after the Minimum Maturity Date (as specified in Schedule A) and prior to the Maximum Maturity Date as the last Scheduled Trading Day of the Trading Period. Barclays shall notify Counterparty of any designation made pursuant to this provision on or prior to the Scheduled Trading Day immediately following such designated day.
Hedging Price means the arithmetic average of the 10b-18 VWAPs on each Trading Day during the Hedging Period. “Initial Payment Date” means the [***] Trading Day immediately following the Execution Date.