MCC Stock Price definition

MCC Stock Price means as of any date of determination, the average of the daily volume weighted average prices per MCC Share on The NASDAQ Stock Market (or on the principal exchange on which the MCC Shares are then traded or quoted) for each of the thirty (30) consecutive days on which The NASDAQ Stock Market (or such other exchange) is open for trading immediately prior to such date (as reported by NASDAQ, or if unavailable, by another authoritative source). Upon the request of the Escrow Agent, as soon as reasonably practicable and in no event more than one (1) Business Day after such request, MCC and the Stockholders’ Representative shall provide to the Escrow Agent their joint determination of the MCC Stock Price as of the applicable date. The Escrow Agent shall be fully protected in its reliance on the MCC Stock Price set forth on such joint notice. Each of MCC and the Stockholders’ Representative shall cooperate and act reasonably and in good faith in determining the MCC Stock Price pursuant to this Section 4(g) and shall use commercially reasonable efforts to ensure that a joint determination thereof is delivered to the Escrow Agent prior to any release of MCC Shares contemplated hereunder or as otherwise requested by the Escrow Agent or reasonably required to allow the Escrow Agent to perform its duties hereunder.
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MCC Stock Price as of any date, means the average of the daily volume weighted average prices per MCC Share on The NASDAQ Stock Market (or on the principal exchange on which the MCC Shares are then traded or quoted) for each of the thirty (30) consecutive days on which The NASDAQ Stock Market (or such other exchange) is open for trading immediately prior to such date (as reported by NASDAQ, or if unavailable, by another authoritative source).
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Examples of MCC Stock Price in a sentence

  • For purposes of determining the number of MCC Shares to be transferred to MCC out of the General York Escrow Fund or the Special Environmental Escrow Fund pursuant to the terms of the Escrow Agreement, the MCC Shares shall be valued at the MCC Stock Price as of the date provided for in the Escrow Agreement.

  • The Joint Estimated Remediation Expense Notice shall set forth the MCC Stock Price as of the date of determination of the Estimated Remediation Expense.

  • To the extent the amount of the Special Environmental Reserve exceeds the aggregate value of the Special Environmental Escrow Shares (valued at the MCC Stock Price as of the date the amount of the Estimated Remediation Expense is determined pursuant to Section 6.15 of the Merger Agreement), the amount of such excess shall be treated as part of the General York Reserve.