Market System definition

Market System means a complete and fully operational telecommunications system using the LICENSED TECHNOLOGY and shall include all equipment used thereon and other ancillary devices, equipment and materials, including without limitation, the LICENSED PRODUCTS.
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Market System. (or such other exchange on which the Common Stock is listed) shall equal or exceed $10.00 on at least twenty (20) consecutive trading days subsequent to the date of the grant; Options as to an additional 250,000 shares of Common Stock shall become vested and exercisable if the closing price for the Common Stock as quoted on the NASDAQ National Market System (or such other exchange on which the Common Stock is listed) shall equal or exceed $13.00 on at least twenty (20) consecutive trading days subsequent to the date of the grant; and Options as to an additional 100,000 shares of Common Stock shall become vested and exercisable if the closing price for the Common Stock as quoted on the NASDAQ National Market System (or such other exchange on which the Common Stock is listed) shall equal or exceed $20.00 on at least twenty (20) consecutive trading days subsequent to the date of grant (the foregoing applicable closing prices of the Common Stock set forth in this Section 3.4(b)(i), the "Target Prices").
Sample 1
Market System of the National Association of Securities Dealers, Inc. Automated Quotations System or any similar system of automated dissemination of quotations of securities prices in the United States or for which there is a recognized market maker or trading market.
Sample 1

Examples of Market System in a sentence

  • If the Common Stock is listed on any established stock exchange or a national market system, including without limitation the National Market System of the National Association of Securities Dealers, Inc.

  • If the Common Stock is listed on any established stock exchange or a national market system including without limitation the National Market System of the National Association of Securities Dealers, Inc.

  • If the common stock is listed on any established stock exchange or a national market system, including without limitation the National Market System of the National Association of Securities Dealers, Inc.

  • If the common stock is at the time neither listed nor admitted to trading on any exchange nor traded on the Nasdaq National Market System nor the SmallCap Market, nor traded on the OTC Bulletin board, then such fair market value shall be determined by the Board of Directors of the Company after taking into account such factors as the Board of Directors of the Company shall deem appropriate.

  • If and to the extent such designations change, the Buyer and Seller shall cooperate to timely put into effect the necessary ISO Settlement Market System contracts that may be necessary to implement the new designations and terminate the prior designations.

  • If the Common Stock is listed on a national securities exchange (including the NASDAQ National Market System) on the date in question, then the Market Value per Share shall be the average of the highest and lowest selling price on such exchange on such date, or if there were no sales on such date, then the Exercise Price shall be the mean between the bid and asked price on such date.

  • The Company will maintain the listing of its Common Stock on the American Stock Exchange, Nasdaq SmallCap Market, Nasdaq National Market System, Bulletin Board, or New York Stock Exchange (whichever of the foregoing is at the time the principal trading exchange or market for the Common Stock (the "Principal Market")), and will comply in all respects with the Company's reporting, filing and other obligations under the bylaws or rules of the Principal Market, as applicable.

  • The “Principal Market” for the Common Stock shall include the NASD OTC Bulletin Board, NASDAQ SmallCap Market, NASDAQ National Market System, American Stock Exchange, or New York Stock Exchange (whichever of the foregoing is at the time the principal trading exchange or market for the Common Stock), or any securities exchange or other securities market on which the Common Stock is then being listed or traded.

  • If the stock of the Company is listed on any established stock exchange or a national market system, including without limitation the National Market System of the National Association of Securities Dealers, Inc.

  • Load Asset Designation within the ISO Settlement Market System 4.


More Definitions of Market System

Market System or otherwise traded in the over-the-counter market, the term "Stock Value" shall mean the value of a share of Parent Common Stock as of the last day of such quarter as reasonably determined by the Board of Directors of Parent. Notwithstanding the foregoing, Seller may elect, by written notice to Buyer at least ten trading days prior to the end of such quarter, to receive payment of such Stock Value in cash in lieu of shares of Parent Common Stock. In the event Parent effects an underwritten initial public offering of Parent Common Stock for cash resulting in net proceeds to Parent of at least $20 million (the "IPO") within one year from the date hereof, and the gross price to the public of a share of Parent Common Stock in the IPO, as set forth in an executed underwriting agreement (the "IPO Price to the Public") is less than $7.00 (adjusted for stock splits, reverse stock splits and stock dividends occurring after the date hereof), Buyer shall deliver to Seller, within 30 days after the closing of the IPO, that number of shares of Parent Common Stock (rounded to the nearest whole share) which, when added to the number of shares of Parent Common Stock delivered to Seller pursuant to Section 2.2 (adjusted for stock splits, reverse splits and stock dividends occurring after the date hereof) will result in a total value of Parent Common Stock of $90,006, assuming each share of Parent Common Stock is valued at the IPO Price to the Public.
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Related to Market System

  • TARGET System means the Trans-European Automated Real-Time Gross Settlement Express Transfer (known as TARGET2) System which was launched on 19 November 2007 or any successor thereto.

  • Market Stand-Off" Agreement..................................... 10

  • Approved Market means the Over-the-Counter Bulletin Board, the Nasdaq Stock Market, the New York Stock Exchange or the American Stock Exchange.

  • Primary Market means on any of (a) the American Stock Exchange, (b) New York Stock Exchange, (c) the Nasdaq Global Select Market, (d) the Nasdaq Global Market, (e) the Nasdaq Capital Market, or (e) the Over-the-Counter Bulletin Board (“OTCBB”)

  • Spot Market Backup means the purchase of energy from, or the delivery of energy to, the PJM Interchange Energy Market in quantities sufficient to complete the delivery or receipt obligations of a bilateral contract that has been curtailed or interrupted for any reason.

  • Market segment means the portion of the market covering one (1) of the

  • SDX System means the system used by NERC to exchange system data.

  • TARGET2 System means the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) system or any successor thereto.

  • Relevant Market means either the Upper Peninsula or the Lower Peninsula of this state.

  • Normal Market Size for CFD trading shall mean the maximum number of units of the Underlying Asset that are transmitted by the Company for execution.

  • System means the Public Employees Retirement System.

  • spot market means any commodity market in which commodities are sold for cash and promptly delivered when the transaction is settled, as well as other non financial markets, such as forward markets for commodities.

  • XXXXX System means the XXXXX filing system of the Commission and the rules and regulations pertaining thereto promulgated by the Commission in Regulation S-T under the Securities Act and the Exchange Act, in each case as the same may be amended or succeeded from time to time (and without regard to format).

  • Relevant Exchange means the Relevant Exchange as specified in § 2 of the Product and Underlying Data.In the case of a material change in the market conditions at the Relevant Exchange, such as a final discontinuation of the quotation of the Underlying at the Relevant Exchange and the quotation at a different stock exchange or a considerably restricted number or liquidity, the Relevant Exchange shall be substituted as the Relevant Exchange by another exchange that offers satisfactorily liquid trading in the Underlying (the "Substitute Exchange"); such exchange shall be determined by the Calculation Agent acting in accordance with relevant market practice and in good faith. In this case, any reference to the Relevant Exchange in the Terms and Conditions of these Securities shall be deemed to refer to the Substitute Exchange.

  • published market means, for a class of securities, a marketplace on which the securities have traded that discloses regularly in a publication of general and regular paid circulation or in a form that is broadly distributed by electronic means the prices at which those securities have traded;

  • Airport System means two or more airports grouped together and serving the same city or conurbation, as indicated in Annex II to Regulation (EEC) No 2408/92;

  • Open video system means an open video system authorized pursuant to 47 U.S.C. § 573 and, for

  • Harmonized System or “HS” means the Harmonized Commodity Description and Coding System set out in the Annex to the International Convention on the Harmonized Commodity Description and Coding System, and adopted and implemented by the Parties in their respective laws;

  • Flea market means a market place, other than a dealer's location licensed under this chapter, where a space or location is provided for a fee or compensation to a seller to exhibit and offer for sale or trade, motor vehicles to the general public.

  • Centralized Message Distribution System (CMDS) means the transport system that LECs use to exchange outcollect and Carrier Access Billing System “CABS” access messages among each other and other Parties connected to CMDS.

  • OTC means Over-the-Counter.

  • Pink OTC Markets means the OTC Markets Group Inc. electronic inter-dealer quotation system, including OTCQX, OTCQB and OTC Pink.

  • Marketplace means an online directory, catalog or marketplace of applications that interoperate with the Subscription Services.

  • Small group market means the health insurance market under which individuals obtain health

  • Wholesale price or "WSP" shall mean the greater of (i) the first published price of the Licensed Product offered to retailers by Publisher as evidenced by a sell sheet or price list issued by Publisher, or (ii) the actual price paid by retailers upon the first commercial shipment of a Licensed Product without offsets, rebates or deductions from invoices of any kind.

  • Bulletin Board means the Over-the-Counter Bulletin Board.