Pre-Closing Average definition

Pre-Closing Average means the Average Share Price during the period starting with the date on which this Agreement is entered into (or the next day thereafter if such date is not a Trading Day) and ending two (2) Trading Days prior to the earlier of (i) the Closing Date agreed upon in writing by Buyer and Parent in accordance with Section 1.2 and (ii) March 14, 2008.
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Examples of Pre-Closing Average in a sentence

  • As used herein, the “Earnout Milestone” means, in the Buyer’s determination, that (i) the Post-Closing Average Worldwide Users is equal to at least 90% of the Pre-Closing Average Worldwide Users, (ii) the Post-Closing Average U.S. Monthly Users is equal to at least 90% of the Pre-Closing Average U.S. Monthly Users and (iii) the Post-Closing Average Business Revenue is equal to at least 90% of the Pre-Closing Average Business Revenue.

  • If, prior to the Effective Time, Parent should split or combine the outstanding Parent Ordinary Shares, or pay a stock dividend or other stock distribution in Parent Ordinary Shares, then the Exchange Ratio and the Pre-Closing Average Price shall be appropriately adjusted to reflect such split, combination, dividend or other distribution.

  • For purposes of this Agreement, the "Pre-Closing Average Price" used to determine the Exchange Ratio shall be determined on the basis of the average of the closing prices per Parent Ordinary Share during the ten consecutive trading days ending on the second trading day prior to the Option Closing (as hereinafter defined).