Examples of Strip Price in a sentence
Cross Sound believes that the Debtors’ methodology for determining Settlement Plan Value HH Strip Price utilizes settlement prices rather than closing prices.
Based upon a review of the closing HH StripPrice for the 7 trading days preceding the Subscription Commencement Date, however, Cross Sound has determined that the Settlement Plan Value HH Strip Price was $3.21, and accordingly the Settlement Plan Value must be $5.5 billion.
Thus, the Settlement Plan Value is determined by the average of the closing HH Strip Price for the seven trading days preceding February 21.
The Plan’s definition of Settlement Value HH Strip Price uses the term trading day; it does notuse the terms “business day” or “settlement day,” although it certainly could have if that had been the parties’ intent.
Cross Sound does not use the word “appear” flippantly—the Debtors have never disclosed in a filing with this Court or with the SEC their determination of Settlement Plan Value HH Strip Price or the methodology underlying their determination.