NQB definition

NQB or such similar exchange or association, the closing sale price of one share of Common Stock on Nasdaq, the Bulletin Board or such other exchange or association on the last trading day prior to the Valuation Date or, if no such closing sale price is available, the average of the high bid and the low asked price quoted thereon on the last trading day prior to the Valuation Date; or (c) if the Common Stock is not then listed on a national stock exchange or quoted on Nasdaq, the Bulletin Board or such other exchange or association, the fair market value of one share of Common Stock as of the Valuation Date, shall be determined in good faith by the Board of Directors of the Company and the Holder. If the Common Stock is not then listed on a national securities exchange, the Bulletin Board, the NQB or such other exchange or association, the Board of Directors of the Company shall respond promptly, in writing, to an inquiry by the Holder prior to the exercise hereunder as to the fair market value of a share of Common Stock as determined by the Board of Directors of the Company. In the event that the Board of Directors of the Company and the Holder are unable to agree upon the fair market value in respect of subpart (c) hereof, the Company and the Holder shall jointly select an appraiser, who is experienced in such matters. The decision of such appraiser shall be final and conclusive, and the cost of such appraiser shall be borne equally by the Company and the Holder. Such adjustment shall be made successively whenever such a payment date is fixed.
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Examples of NQB in a sentence

  • The Company shall pay the Consultant a fee of 500,000 shares of Common stock of the Company listed on the NQB Pink Sheets under the trading symbol ADVT for the first period ending February 28, 2000.

  • The Common Stock is not currently listed or traded on any securities exchange or market other than the NQB Electronic Pink Sheets.

  • The Company shall pay the Consultant a fee of 450,000 shares of Common stock of the Company listed on the NQB Pink Sheets under the trading symbol ADVT for the first period ending February 28, 2000.

  • Nano Tech West, Inc., a Nevada Corporation (“Nano Tech”), is seeking a business acquisition or to merge with an active company and become a publicly traded corporation by way of common shares being quoted for trading on the NQB: Pink Sheets.

  • GHI will use its best efforts to maintain the listing on the NQB Pink Sheets of the GHI Common Stock.

  • MILR is listed and traded on the NQB Pink Sheets under the stock ticker symbol MILR, and MILR has complied in all material respects with all relevant rules and regulations and is current in all material respects with FINRA the SEC.

  • As used herein, the "Average Price" of a share of New Visual Common Stock shall be the average of the closing bid prices thereof on the OTC Bulletin Board of the National Association of Securities Dealers or, if not quoted at such time on the OTC Bulletin Board, in the NQB Pink Sheets published by the National Quotation Bureau Incorporated, in each case over the five trading days immediately preceding the Closing Date.

  • The GHI Common Stock was approved for unpriced quotation on the NQB Pink Sheets under the symbol "GLHL".

  • Over-the-Counter Bulletin Board or the NQB Pink Sheets), subject to a minimum conversion rate of $130 per chart The Note shall be substantially in the form of Exhibit 2.III attached hereto.

  • As used herein, the "Average Price" of a share of IVG Common Stock shall be the average of the closing bid prices thereof on the OTC Bulletin Board of the National Association of Securities Dealers or, if not quoted at such time on the OTC Bulletin Board, in the NQB Pink Sheets published by the National Quotation Bureau Incorporated, in each case over the ten trading days immediately preceding the Closing Date.