Definition of Ten Day Average


Ten Day Average means, with respect to any prices and in connection with the calculation of Fair Market Value, the average of such prices over the ten Business Days ending on the Business Day immediately prior to the day as of which "Fair Market Value" is being determined.

Examples of Ten Day Average in a sentence

To exercise all or any portion of the Warrants at the Adjusted Exercise Price, the Warrant Holder shall (i) deliver written notice (the Adverse Market Price Notice) of such intent to the Company during such time as the Ten-Day Average shall remain equal to or below the Adverse Market Price and (ii) provide payment by cash or wire transfer of immediately available funds in respect of such Warrants to be exercised to the Company within five (5) trading days after delivery of the Adverse Market Price Notice.
In lieu of fractional shares, Holders will receive cash for the value of the fractional shares, which cash payment shall be based on the Ten Day Average Closing Stock Price.
The number of Net Shares to be paid shall be determined by dividing the Net Share Amount by the Ten Day Average Closing Stock Price.
Ten Day Average means, with respect to any prices and in connection with the calculation of Fair Market Value, the average of such prices over the 10 Business Days ending on the Business Day immediately prior to the day as of which Fair Market Value is being determined.
Each SSU payment to SEOs will be calculated using the Ten-Day Average Value for February in respect of the March payment, and using the Ten-Day Average Value for August in respect of the September payment.