Random Trading Days definition
Examples of Random Trading Days in a sentence
The Random Trading Days shall be selected by lot by the Company and Parent at 5:00 p.m., New York time, on the second complete trading day prior to the date they select as the Closing Date pursuant to Section 1.02.
Parent and the Company shall select the Random Trading Days at 5:00 p.m. New York time on such fifth trading day.
For purposes of this Section, "Market Price" per share of Parent Common Stock shall be the average closing price per share of Parent Common Stock on the Nasdaq for the ten trading days selected by Parent and the Company by lot out of the 20 trading days ending on and including the fifth trading day prior to the Effective Time (the "Random Trading Days").
The Random Trading Days shall be selected by lot by Acquiror and the Company at 5:00 p.m. New York time on the fourth trading day preceding the Closing Date.
Acquiror agrees not to make market purchases during the Random Trading Days and to terminate the Repurchase Program no later than six months after the Closing Date.
The term "Average Buyer Price" shall mean the average closing price of Buyer Common Stock on the New York Stock Exchange (the "NYSE") for fifteen trading days selected by lot out of the forty trading days ending on and including the third trading day prior to the Closing Date (the "Random Trading Days").
Buyer agrees not to make purchases during the Random Trading Days.