Reference Market Price means $2.50 (which is an amount equal to 66 2/3% of the reported last sale price for the Common Stock on the New York Stock Exchange on May 21, 1997) and in the event of any adjustment to the conversion price other than as a result of a Fundamental Change, the Reference Market Price shall also be adjusted so that the ratio of the Reference Market Price to the conversion price after giving effect to any such adjustment shall always be the same ratio of $2.50 to the initial conversion price specified in the first sentence of Section 8.
Reference Market Price. The term "Reference Market Price" initially shall mean $20.00 and in the event of any adjustment to the Conversion Price pursuant to Sections 15.5(a), (b), (c), (d), (e), (f) or (g) the Reference Market Price shall also be adjusted so that the ratio of the Reference Market Price to the Conversion Price after giving effect to any such adjustment shall always be the same as the ratio of $20.00 to the initial Conversion Price specified in the form of Note attached hereto (without regard to any adjustment thereto).
Reference Market Price shall initially mean $[_____] and, in the event of any adjustment to the Conversion Price other than as a result of a Fundamental Change, the Reference Market Price shall also be adjusted so that the ratio of the Reference Market Price to the Conversion Price after giving effect to any such adjustment shall always be the same as the ratio of the initial Reference Market Price of $[_____] to the initial Conversion Price of $[____].
Examples of Reference Market Price in a sentence
In making any calculation or determination of Reference Market Price, Current Market Price or Volume Weighted Average Price, such adjustments (if any) shall be made as an Independent Financial Adviser determines in good faith appropriate to reflect any consolidation or sub-division of the Common Shares or any issue of Common Shares by way of capitalisation of profits or reserves, or any like or similar event.
More Definitions of Reference Market Price
Reference Market Price has the meaning specified in Section 13.07(b).
Reference Market Price means, in respect of an Ordinary Share at a particular date, the average of the daily VWAP of an Ordinary Share on each of the 5 consecutive dealing days ending on the dealing day immediately preceding such date (the “Reference Period”); provided that, if at any time during the Reference Period the VWAP shall have been based on a price ex-Dividend (or ex- any other entitlement) and during some other part of that Reference Period the VWAP shall have been based on a price cum-Dividend (or cum- any other entitlement), then:
Reference Market Price shall initially mean $18 11/12 and in the event of any adjustment to the Conversion Rate pursuant to Article 11, the Reference Market Price shall be adjusted to equal the initial Reference Market Price multiplied by a fraction the numerator of which is the Conversion Rate specified in the form of Security attached hereto as Exhibit A (without regard to any --------- adjustment thereto), and the denominator of which is the Conversion Rate following such adjustment.
Reference Market Price means, in respect of an Ordinary Share on a particular date, the arithmetic mean of the closing price per Ordinary Share on each of the 14 consecutive trading days on which such closing price is available ending on the trading day immediately preceding such date, rounding the resulting figure to the nearest cent (with 0.5 cents being rounded upwards).
Reference Market Price is amended to mean initially $21.3889, and in the event of any adjustment to the Conversion Rate pursuant to Section 15.5 after the date hereof, the Reference Market Price shall also be adjusted so that the Reference Market Price after giving effect to any such adjustment shall equal the Reference Market Price immediately prior to such adjustment multiplied by a fraction, the numerator of which is the Conversion Rate immediately prior to such adjustment and the denominator of which is the Conversion Rate after such adjustment.
Reference Market Price shall initially mean $ which is equal to 66 2/3% of the price of Kmart Common Stock as of the date hereof. In the event of any adjustment to the conversion rate, the Reference Market Price shall also be adjusted so that the Reference Market Price, after giving effect to any such adjustment, shall equal the Market Reference Price multiplied by a fraction, the numerator of which is the conversion rate prior to such adjustment and the denominator of which is the conversion rate after such adjustment. On or before the 10th day after the occurrence of a Fundamental Change, the Trust shall mail to all Holders of record of the Securities a notice of the occurrence of such Fundamental Change and of the redemption rights arising as a result thereof. The Trust shall deliver a copy of such notice to the Institutional Trustee. To exercise the redemption right, on or before the Repurchase Date Holders of the Securities must deliver written notice to the Institutional Trustee, as Conversion Agent, of the Holders' exercise of such right. Payment for Securities surrendered for redemption (and not withdrawn) prior to the Repurchase Date will be made promptly following the Repurchase Date. Subject to the requirements of DTC, the redemption rights associated with Securities may be exercised by the presentation to the Institutional Trustee of one or more redemption notices duly completed by or on behalf of the participant of DTC or any clearing system in which the relevant Convertible Preferred Security is held at such time with an interest in such Security and, if required, payment of any transfer or similar taxes (other than those described above). Surrender of any global certificate to the Institutional Trustee shall not be required.
Reference Market Price has the meaning specified in Section 1304(d).