Reference Market Price definition

Reference Market Price shall initially mean $11.00 (which is an amount equal to 66 2/3% of the reported last sales price for Sun Common Stock on the New York Stock Exchange Consolidated Transactions Tape on April 28, 1998) and in the event of any adjustment of the conversion price other than as a result of a Non-Stock 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 to the initial conversion price of the Convertible Preferred Securities.
Reference Market Price shall initially mean $18.1667 and in the event of any adjustment to the Conversion Price pursuant to Sections 502(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 $18.1667 to the initial Conversion Price specified in the form of Note included herein (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.

  • The Company shall redeem such Securities at a price (the "Fundamental Change Redemption Price") equal to the Issue Price plus accrued Original Issue Discount to the date of redemption; provided that, with respect to a Fundamental Change, if the Applicable Price is less than the Reference Market Price, the Company shall redeem such Securities at a price equal to the foregoing Redemption Price multiplied by the fraction obtained by dividing the Applicable Price by the Reference Market Price.

  • In a Non-Stock Fundamental Change transaction in which the initial value received per Share (measured as described in the definition of Adjusted Relevant Price) is lower than both the Applicable Conversion Price of each of the Preferred Securities and the Adjusted Reference Market Price, the Applicable Conversion Price will be adjusted as described above but calculated as though such initial value had been the Adjusted Reference Market Price.

  • Instead of any fractional share that would otherwise be deliverable to Purchaser at the Exchange Date, Seller shall make a cash payment in respect of such fractional share in an amount equal to the value thereof at the Reference Market Price.

  • At its option, Seller may deliver to Purchaser on the Exchange Date, in lieu of the Contract Shares, an amount in cash equal to the product of the Reference Market Price and the Contract Shares (the "Cash Settlement Alternative"), paid by wire transfer to an account designated by Custodian, in New York Clearing House Funds.


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 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 on the date of original issuance of the Securities, $26.875 (which is an amount equal to 66b% of the last reported sale price for the Common Stock on the New York Stock Exchange Composite Tape on February 3, 2000) and, in the event of any adjustment to the Applicable Conversion Price from such date to (but excluding) the Reset Date, other than as a result of a Non-Stock Fundamental Change, the Reference Market Price shall also be adjusted so that the ratio of the Reference Market Price to the Applicable Conversion Price after giving effect to any such adjustment shall always be the same as the ratio of $26.875 to the Initial Conversion Price. If the Securities are convertible into Common Stock on and after the Reset Date, the Reference Market Price on such date will be an amount equal to 66b% of the Closing Price of the Common Stock on the Reset Date and, in the event of any adjustment to the Applicable Conversion Price from the Reset Date and thereafter, other than as a result of a Non-Stock Fundamental Change, the Reference Market Price shall also be adjusted so that the ratio of the Reference Market Price to the Applicable Conversion Price after giving effect to any such adjustment shall always be the same as the ratio of the Closing Price of the Common Stock on the Reset Date to the Term Conversion Price.
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).