Market Reference Price means, as of any date of determination, the closing sale price per share (or if no closing sale price is reported, the average of the last bid and ask prices or, if more than one in either case, the average of the average last bid and the average last ask prices) of the relevant Shares on the applicable Exchange as reported in composite transactions for the applicable Exchange on (x) such date of determination, if such date of determination is an Exchange Day and the relevant determination is made following the close of trading on the Exchange on such Exchange Day and (y) otherwise, the immediately preceding day (or if such date is not an Exchange Day for such Exchange, the immediately preceding Exchange Day for such Exchange); provided that if a Market Disruption Event has occurred on such date, the “Market Reference Price” shall be the “Market Reference Price” determined on the immediately preceding Exchange Day for such Exchange; provided, further, that if a Market Disruption Event has occurred and continues to occur for more than three consecutive Scheduled Trading Days, the “Market Reference Price” of one such Share shall be equal to the applicable “Market Reference Price” (determined without giving effect to this proviso) on the immediately preceding day (or if such date is not an Exchange Day for such Exchange, the immediately preceding Exchange Day for such Exchange) multiplied by a percentage (expressed as a fraction) equal to (A) 100% less (B) the product of (i) 5% and (ii) the number of consecutive Scheduled Trading Days for which a Market Disruption Event has occurred less one, until a Market Reference Price is determined for an Exchange Day on which no Market Disruption Event occurs. The Market Reference Price shall be determined by the Calculation Agent.
Market Reference Price means, as of any date of determination, the closing sale price per share (or if no closing sale price is reported, the average of the last bid and ask prices or, if more than one in either case, the average of the average last bid and the average last ask prices) of the Common Shares, Merger Shares or Spin-Off Shares, as applicable, on the applicable Exchange as reported in composite transactions for the applicable Exchange on (x) such date of determination, if such date of determination is an Exchange Day and the relevant determination is made following the close of trading on the Exchange on such Exchange Day and (y) otherwise, the immediately preceding day (or if such date is not an Exchange Day for such Exchange, the immediately preceding Exchange Day for such Exchange); provided that if a Market Disruption Event has occurred on such date, the “Market Reference Price” shall be the “Market Reference Price” determined on the immediately preceding Exchange Day for such Exchange; provided, further, that if a Market Disruption Event has occurred and continues to occur for more than one consecutive Scheduled Trading Day, the “Market Reference Price” of one Common Share, Merger Share or Spin-Off Share, as applicable, shall be equal to the applicable “Market Reference Price” (determined without giving effect to this proviso) on the immediately preceding day (or if such date is not an Exchange Day for such Exchange, the immediately preceding Exchange Day for such Exchange) multiplied by a percentage (expressed as a fraction) equal to (A) 100% less the (B) the product of (i) 5% and (ii) the number of consecutive Scheduled Trading Days for which a Market Disruption Event has occurred less one, until a Market Reference Price is determined (without regard to this proviso) for an Exchange Day on which no Market Disruption Event occurs. The Market Reference Price shall be determined by the Calculation Agent.
Market Reference Price means on any Scheduled Trading Day the volume-weighted average price per one SDR for that Scheduled Trading Day published by the Exchange on Bloomberg page TIGO SS EQY VWAP conditions 9h00 17h30 selected (expressed in Euros using the Calculation Agent’s Spot Rate of Exchange, as determined by the Calculation Agent on such date) for that Scheduled Trading Day (the “SDR Price”), provided that if:
Examples of Market Reference Price in a sentence
In the event of changes to market conditions which result in the DAM Price being no longer suitable or feasible for use in the Market Reference Price calculation, a suitable and feasible alternative to the DAM Price will be established.
RO difference payments would be applied to DSUs only when the demand reduction is not delivered and the Strike Price is exceeded by the Market Reference Price (MRP).
Market Reference Price Applied to TMR Calculations for Wind Generation (Above 5MW) in AER, REFIT 1 and REFIT 2The energy component of the TMR calculations for wind generation (above 5MW capacity) will be based on the lower of:• a blend of 80% of the DAM price and 20% of the BM price; and• the DAM price.
Market Reference Price Applied to TMR Calculations for Non-Wind Generation under REFIT 1, REFIT 2, REFIT 3 and the Peat PSO SchemeThe energy component of the TMR calculations for technologies other than wind (e.g. hydro, peat, biomass) will be based on the DAM price.
Extending the negative pricing rule so that difference payments are not paid to CfD generators when the Intermittent Market Reference Price is negative has several possible impacts:• Reduced electricity system balancing costs: All relevant generators, including those holding CfDs, submit bids into the balancing mechanism which require payment to or from the system operator to turn down.
More Definitions of Market Reference Price
Market Reference Price means, as of any date of determination, the closing sale price per share (or if no closing sale price is reported, the average of the last bid and ask prices or, if more than one in either case, the average of the average last bid and the average last ask prices as reasonably determined by the Administrative Agent) of the Collateral Shares on the Exchange as reported in composite transactions for the Exchange on (x) such date of determination, if such date of determination is an Exchange Day and the relevant determination is made following the close of trading on the Exchange on such Exchange Day and (y) otherwise, the immediately preceding day (or if such date is not an Exchange Day for the Exchange, the immediately preceding Exchange Day for the Exchange).
Market Reference Price has the meaning given to it in the CfD Agreement;
Market Reference Price means, as of any date of determination with respect to the Underlying Equity, the per unit closing price of Underlying Equity on the Exchange as of the most recent Exchange Business Day for which a closing price is available as published on Bloomberg (including, for the avoidance of doubt, the then-current Scheduled Trading Day if such closing price is so available for such Scheduled Trading Day); provided that if a Market Disruption Event exists on such Exchange Business Day, the “Market Reference Price” shall be the price determined by Calculation Agent in good faith and in a commercially reasonable manner (after consultation with MS so long as MS remains a Qualified Lender) until such Market Disruption Event ceases to exist.
Market Reference Price means, as of any date of determination, the closing sale price per share (or if no closing sale price is reported, the average of the last bid and ask prices or, if more
Market Reference Price means the arithmetic average of the Daily VWAPs over the two (2) Trading Days following, but not including, the date the applicable Notice of Exercise is delivered.
Market Reference Price means, at any time on any date, the Share Closing Price.
Market Reference Price. The lesser of today’s closing price on the American Stock Exchange or the Volume Weighted Average trading price for the three business days ending as of the close of business today Underwriting Discount: 7% less than the Market Reference Price Use of Proceeds: The net proceeds from the offering for general corporate purposes, including without limitation, reduction of outstanding indebtedness or other corporate obligations, capital expenditures and for working capital. Selling Jurisdictions: The offering is being made as part of an effective shelf registration statement (Form S-3) (File No. 333-147463) that the Corporation has filed with the United States Securities and Exchange Commission. The Common Shares may be sold both in and outside the United States and in such other jurisdictions Lead Underwriter and the Corporation may agree (the “Selling Jurisdictions”).