Second Price definition
Examples of Second Price in a sentence
The number of shares of Common Stock comprising the Second Shares shall be the quotient of (1) the Second Purchase Price divided by (2) the lower of (a) the First Price or (b) 75% of the average of the last reported trading price on each of the last five business days immediately preceding the Second Closing Date "Second Price" (or, if no trades of Common Stock were executed on the American Stock Exchange on any of such days, then the average of the "bid" and "ask" price on such day).
With respect to any Second Negative Change, the Company shall either: (1) reimburse the Purchasers for such Second Negative Change, or (2) the Purchasers may demand the Company to issue additional Common Shares to the Purchasers at the Second Price in the amount of such Second Negative Change.
This sum of the Second Price Bids is the “Bid Fees” Demand Partner owes to PubMatic.
The operation of the R I B Service may adjust Second Price Bids in two ways: (i) Publishers have the ability to place minimum prices into the auction for their inventory (a “Floor Price”).
If the First Price Hurdle, the Second Price Hurdle and/or the Third Price Hurdle was not achieved prior to the Qualifying Termination, then the First Tranche, the Second Tranche and/or the Third Tranche, as applicable, will immediately terminate and be forfeited upon such Qualifying Termination.
On the terms and subject to all of the conditions hereof, and upon the performance by the parties hereto of their respective obligations hereunder, at the Second Price Adjustment (as that term is defined in Section 11.2 hereof), Buyer shall pay to Corporation one- quarter (1/4) of the Valuation Amount, less the amount of $1,850,000 (but not less than zero (0)).
Provided, however, that the First Share Price Trigger, the Second Price Trigger, and the Third Price Trigger shall be deemed to have occurred only if such relevant Share Price shall have remained during any twenty (20) Trading Days during any thirty (30) consecutive Trading Day period at any time during the period commencing on the Closing and ending on the fourth anniversary thereof..
That date or if the Second Price Adjustment is advanced or postponed under this Section 11.2, the date to which it is advanced or postponed is called the Second Price Adjustment Date.
If the Second Price Target is met (the “Third Earnout Event”), within five (5) Business Days thereof the Third Earnout Rights shall be automatically converted into, and the Company shall issue or cause to be issued to the holders of the Third Earnout Rights, pro rata based on the percentage of Third Earnout Rights held, (x) 7,500,000 Company Common Shares, minus (y) the number of Company Common Shares, if any, previously issued in connection with the Third EBITDA Earnout Issuance.
In the event the First Stock Target is achieved, the Second Price Target is not achieved but the Third Stock Target is subsequently achieved, upon achievement of the Third Stock Target, the Members shall be entitled to the Contingency Consideration for the Second Stock Target and the Contingency Consideration for the Third Stock Target.