Spectrum Price definition
Spectrum Price means (i) prior to the IPO, the price per share of Series C Preferred Stock or Class A Common Stock as determined by the Board from time to time for purposes of sales of 800 MHz spectrum by Nextel Sub to the Company, subject to challenge by the Purchaser in accordance with the same procedures and other provisions applicable to challenges by Nextel Sub of such determination and (ii) following an IPO, the average Closing Price of the Class A Common Stock over the 20 consecutive Trading Days immediately preceding any day of determination.