Trailing Average definition

Trailing Average means the 20 Trading Day average closing price for one share of Buyer Common Stock ending two Trading Days prior to the Closing Date.
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Trailing Average with respect to any publicly traded security listed on the NYSE, AMEX or NASDAQ, means the average Closing Price (as defined below) of such security on the fifteen consecutive Trading Days (as defined below) immediately preceding the date of determination. "Trading Day", with respect to any security, means a day on which such security is traded on the national securities exchange or quotation system or in the over-the-counter market used to determine Closing Prices for such security. "Closing Price" of a security on any day means the last reported sale price, regular way, of such security on such day, or, in case no such sale takes place on such day, the average of the reported closing per share bid and asked prices, regular way, of such security on such day, in each case, on the national securities exchange or quotation system or in the over-the-counter market on which such security is listed or admitted to trading or quoted.
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Trailing Average means the average of the closing prices per share of Purchaser Stock on the Nasdaq, as reported in The Wall Street Journal, for the period of ten (10) consecutive trading days ending three (3) days prior to the Closing Date.
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Examples of Trailing Average in a sentence

  • The number of shares of Invitae Common Stock subject to such RSUs shall be equal to the dollar amount of the transaction bonus awarded to the Recipient under the Transaction Bonus Plan divided by the Invitae Trailing Average Share Value (as defined in the Merger Agreement).

  • The number of shares of Invitae Common Stock shall be equal to the dollar amount of the transaction bonus awarded to the Recipient under the Transaction Bonus Plan divided by the Invitae Trailing Average Share Value (as defined in the Merger Agreement).

  • Notwithstanding the foregoing, CombiMatrix shall have no obligations under this Section 5.1(b) to the extent that Invitae has not offered shares of Invitae Common Stock with a value (based on the Invitae Trailing Average Share Value) of at least $2.90 (rounded to the nearest cent) per CombiMatrix Series F Warrant in the Warrant Exchange Offer.

  • Howard will have the right to convert all or part of his Series ▇ ▇▇▇▇es into Cyberads Common Stock in an amount equal to Four Hundred Thousand Dollars ($400,000) (the "Guaranty Share Value"), based on the Trailing Average.

  • During the Fluctuating Minimum Purchase Price Period, Merial shall provide to AspenBio within 45 days after the close of each quarter a report of the average Purchase Price (calculated under this Section 5.2 from sales in all countries using foreign currency conversion rates as of the time such conversions are determined for Merial's internal accounting purposes) for the most recently completed quarter (the "Trailing Average Purchase Price") covered by the report.

  • For the avoidance of doubt, with respect to any Earnout Shares (as defined in the Earnout Agreement), the term "30 Day Trailing Average" utilized under the Earnout Agreement means the average 4:00 p.m. (EST) share price of the Common Stock of Purchaser for the thirty (30) consecutive trading days as reported on the NASDAQ ending on the last business day immediately prior to the date any Earnout Shares are to be issued to the Selling Stockholders, pursuant to the Earnout Agreement.

  • If the Pricing Date occurs after the Effective Date, the value of the CMS Energy phantom stock units described in Subsection 3(a) shall be redetermined as of the Pricing Date, based on the Trailing Average Price of CMS Energy common stock as of the Pricing Date.

  • Pursuant to the CombiMatrix Transaction Bonus Payout Agreements entered into with each of the outside directors of CombiMatrix concurrently with the execution of this Agreement, the bonus payments for each such director shall be paid in unrestricted shares of Invitae Common Stock calculated using the Invitae Trailing Average Share Value.

  • For purposes of the immediately preceding sentence, each share of Purchaser Common Stock shall be valued at the Trailing Average Closing Price.

  • On the Effective Date, the Company shall grant to Employee performance restricted stock units (“PSUs”), with the “target” number of PSUs (the “Target PSUs”) determined by dividing (A) $130,000 by (B) the Thirty-Day Trailing Average for the period ending on the day preceding the Effective Date.


More Definitions of Trailing Average

Trailing Average means the average closing sale price of ▇▇▇▇▇▇ Common Stock on the NASD OTC Bulletin Board for the thirty calendar days immediately preceding the date that immediately precedes the date of this Agreement, which the parties agree is $0.9938.
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Related to Trailing Average

  • Quarterly Average Excess Availability means, at any time, the daily average of the Excess Availability for the immediately preceding fiscal quarter as calculated by Agent in good faith.

  • Weighted Average means a ratio of the weight of the investment by the financial market participant in an investee company in relation to the enterprise value of the investee company;

  • Opening Average Share Value means the average, over the trading days in the Opening Average Period, of the closing price of a company’s stock multiplied by the Accumulated Shares for each trading day during the Opening Average Period.

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest Closing Bid Price and the lowest closing ask price of any of the market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.