Reference Share Price definition
Reference Share Price means, on any day, the closing price of a Reference Share on the primary exchange on which the Reference Share is traded, as reported by such exchange, provided that if the primary exchange on which a particular Reference Share is traded is not open for trading on that day, if there is no closing price on that day or if there is a market disruption event affecting such Reference Share on that day, the closing price on the immediately preceding day on which such exchange is open for trading (and for which there is a closing price and no market disruption event) will be used, except if this occurs on the Issue Date or an Average Valuation Date, in which case the closing price on the immediately following day on which such exchange is open for trading (and for which there is a closing price and no market disruption event) will be used, up to a maximum postponement of five Business Days. If the closing of the primary exchange, the absence of a closing price or the market disruption event should last for five Business Days, the closing price of the relevant Reference Share will be a price determined on such fifth Business Day by the Calculation Agent in its sole discretion and in good faith using market-accepted practices.
Reference Share Price means, on any day, the closing price of a Reference Share on the Exchange as reported by the applicable Price Source, provided that if the primary exchange on which a particular Reference Share forming part of the Reference Portfolio is not opened for trading or if there is no closing price on that day, the closing price on the immediately preceding day on which such exchange is opened for trading will be used (except if this occurs on the Issuance Date or on the Valuation Date, in which case the closing price on the immediately following day on which such exchange is opened for trading will be used).
Reference Share Price means, on any day, the closing price of a Reference Share on the Exchange as reported by the applicable Price Source and as converted into Canadian dollars at the applicable FX Rate for any Reference Share denominated in a foreign currency, provided that if the Exchange on which a particular Reference Share forming part of the Reference Portfolio is not opened for trading or if there is no closing price on that day, the closing price on the immediately preceding day on which such Exchange is opened for trading will be used as converted into Canadian dollars at the applicable FX Rate on that day for any Reference Share denominated in a foreign currency except if this occurs on the Issuance Date, on a Average Valuation Date or on the Final Valuation Date, in which case the closing price on the immediately following day on which such Exchange is opened for trading will be used as converted into Canadian dollars at the applicable FX Rate on that day for any Reference Share denominated in a foreign currency, subject to a maximum postponement of five Business Days, after which time the closing price will be the value equal to the Calculation Agent’s estimate of the Reference Share Price as at such date, converted into Canadian dollars at the applicable FX Rate on that day, reasonably taking into account all relevant market circumstances.
Examples of Reference Share Price in a sentence
As soon as reasonably practicable following the delivery of any First Commercial Production Notice or Acceleration Event Notice (and by no later than five (5) Business Days thereafter), if any Adjustment Events have occurred following the Closing Date the parties shall meet to discuss (acting reasonably and in good faith) and agree in writing any required adjustments to the Reference Share Price as a result of any Adjustment Events occurring following the Closing Date.
In the event that an adjustment to the Reference Share Price is in the process of being agreed or determined pursuant to the terms of this Agreement and a subsequent Adjustment Event occurs prior to such agreement or determination in respect of the first Adjustment Event, the parties agree that any adjustment to the Reference Share Price required by the second Adjustment Event shall be made to the Reference Share Price as adjusted for the first Adjustment Event.
More Definitions of Reference Share Price
Reference Share Price means USD 39.5621 per Share, converted to NOK 413 using the Fixed Rate of Exchange, always provided that, in connection with any determination of the Change of Control Conversion Price, the Reference Share Price shall be adjusted pro rata in accordance with the provisions relating to the adjustment of the Conversion Price, pursuant to Clause 12 (Conversion Terms) and Clause 13 (Adjustment of the Conversion Price).
Reference Share Price means, on any day, the closing price of a Reference Share on the primary exchange on which the Reference Share is traded on providing as reported by the applicable Price Source, provided that if the primary exchange on which a particular Reference Share forming part of the Reference Basket is not open for trading or if there is no closing price on that day, the closing price on the immediately following day on which such exchange is open for trading will be used.
Reference Share Price means the average of the daily high and low of the volume weighted average prices of the Shares quoted on a recognised stock exchange during the 22 trading days preceding the day on which the grant is made.
Reference Share Price means the 30-day VWAP of the Common Shares immediately prior to the Calculation Date.
Reference Share Price means initially SEK 35.5427 per Share, as adjusted from time to time in accordance with Clause 11.6 (Adjustment to Reference Share Price, rounding down and notice of adjustment to the Conversion Price and Reference Share Price).
Reference Share Price has the meaning assigned to such term in Section 2.3(c).
Reference Share Price in respect of a Series and a Trading Day means the price in the Trading Currency determined by BMO in respect of such Trading Day equal to (a) the weighted average trading price per Share at which BMO or an affiliate of BMO purchased or sold Shares on such Trading Day at or prior to the Trade Date Ratio Adjustment Time for such Trading Day in connection with hedging transactions, if any, entered into by or for BMO in connection with its Issuer Interest and the related change to the Trade Date Ratio for the Trading Day, and (b) the Closing Price of the Shares for such Trading Day if BMO and its affiliates do not effect any such purchases or sales of Shares, provided that such price shall take into account costs associated with such transactions incurred by BMO or its affiliates, if applicable, and further provided that when the relevant Trading Day is a day on or about which the applicable Shares are trading on an ex-dividend basis, and the settlement cycle of the Shares differs from the settlement cycle for the Shares that would generally be applicable to the Shares, the Reference Share Price shall, when relevant, be adjusted by the amount of the relevant announced dividend in the Trading Currency.