Definition of Prevailing Market Price


Prevailing Market Price means, with respect to any reference date, the average of the Daily Market Prices of the Common Stock (or, for purposes of determining the Prevailing Market Price of the common stock of an Acquiring Person or its Parent under Section 6(f), the common stock of such Acquiring Person or such Parent) for the twenty-five (25) Business Days ending on and including the third (3rd) Business Day before such reference date.


Prevailing Market Price as defined in the Indenture, means the average of the daily average bid and asked prices (or if no bid and asked prices are reported the average of the daily price) for the Notes for each trading day during the ten trading day period prior to the Applicable Filing Date as reported by High Yield Advantage Data (or if not reported by High Yield Advantage Data, a similar service) expressed as a percentage of principal amount, provided that in no event shall Prevailing Market Price be less than 103.00% or exceed 107.00%, in all cases plus accrued and unpaid interest to the date of purchase.

Prevailing Market Price means the arithmetic average of the Common Stock VWAP on each of the 20 consecutive Trading Days ending on and including the Trading Day immediately preceding the date as of which the Prevailing Market Price is to be determined.

Examples of Prevailing Market Price in a sentence

If an Effective Election Notice provides that the Company shall redeem such shares for cash, then such shares shall be redeemed for cash in an amount equal to the product of (x) (1) the aggregate Stated Value of such shares divided by (2) the Prevailing Market Price as of the date the Redemption Notice is delivered multiplied by (y) the Daily Market Price of Common Stock on the third Business Day preceding the date the Redemption Notice is delivered (the “Redemption Cash Amount”).
If the redemption is not made for cash pursuant to Section 6(B)(ii) hereof, then such shares of stock shall be redeemed into that number of shares of Registered Common Stock (or at the sole election of the Holder, unregistered Common Stock) equal to (A) the aggregate Stated Value of such shares divided by (B) the Prevailing Market Price as of the date the Redemption Notice is delivered (the “Redemption Stock Amount”).
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If the Prevailing Market Price is greater than the maximum price offered by Kerr-McGee ($92.00 per share), notwithstanding your direction to tender your Plan Shares in the tender offer, your Plan Shares will not be tendered.



More definitions of Prevailing Market Price

Prevailing Market Price means in respect of the Common Shares on a particular date, the average closing price for a Common Share as shown on the Daily Quotations List of The Stock Exchange of Hong Kong for the five consecutive Trading Days immediately before (and excluding) that date;


Prevailing Market Price means the best price available to Buyer (i.e., highest price when Buyer markets Test Energy and Incremental Energy and lowest price when Buyer procures Substitute Power) actually obtained for energy or capacity (taking into account the type, reliability, and duration and other relevant attributes of such energy or capacity), which shall be obtained through commercially reasonable efforts, as evidenced, upon request of Seller, by documentation of such price, unless and until an index or other mechanism mutually acceptable to the Parties is created and agreed upon by the Parties to serve as the Prevailing Market Price.

Prevailing Market Price means, with respect to a security on any reference date, the average of the Daily Market Prices of such security for the forty (40) Business Days ending on and including the third (3rd) Business Day before such reference date, but not greater than the average of the Daily Market Prices of such security for any five (5) consecutive or nonconsecutive Business Days (determined in Fletcher's sole discretion) of such forty (40) Business Day period.

Prevailing Market Price as defined in the Indenture, means the average of the daily average bid and asked prices (or if no bid and asked prices are reported the average of the daily price)

Prevailing Market Price means the actual purchase price of the Stock in the open market.

Prevailing Market Price means the average closing price of Common Stock as reported by the principal exchange or quotation system on which such Common Stock is traded or reported over the five (5) Business Days preceding (x) the date that is three Business Days prior to the public announcement of the relevant Non-Rule 10b-18 Purchase or, (y) if a definitive agreement is executed with respect to such Non-Rule 10b-18 Purchase before such purchase is publicly announced, the date such definitive agreement is executed by the parties thereto.

Prevailing Market Price means the price at which the Trustee can purchase Common Shares on the NYSE on any date of purchase.