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.