Trailing Price definition

Trailing Price means, as of any date of determination, the arithmetic average (rounded to the nearest cent) of the Closing Price per share of ADSX common stock as quoted on the NASDAQ National Market (or such other principal stock exchange on which shares of ADSX common stock are then traded) over the ten consecutive trading days ending on the trading day immediately prior to the date of determination.
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Trailing Price means the average closing price of shares of IDI common stock during the 30 trading days preceding the date as of which the relevant calculation is being made.
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Examples of Trailing Price in a sentence

  • At the Closing, ADSX will issue and deliver to the Seller (as the assignee of the Holder) a number of duly authorized, validly issued, fully-paid and non-assessable shares of ADSX common stock (the “ADSX Shares”), free and clear of all Liens (other than encumbrances under this Agreement) and preemptive rights, equal to $3 million divided by the Trailing Price as of the Closing.

  • The Redemption Price shall be paid by the Company by check; however, if the Company is restricted by law or agreement from making such payment, the Company may instead make such payment in shares of Common Stock, with such Common Stock valued at the Trailing Price of the Common Stock on the fifth business day prior to the date on which such payment is to be made.

  • At [...***...] Amylin shall pay to ACTII [...***...] and shall issue to ACTII [...***...] Warrants exercisable at a purchase price equal to the Average 20-Day Trailing Price on the Effective Date of this Agreement.

  • At [**] Amylin shall pay to ACTII [**] and shall issue to ACTII [**] Warrants exercisable at a purchase price equal to the Average 20-Day Trailing Price on the Effective Date of this Agreement.

  • The Company may call the Warrant for redemption at any time after such date (the “Redemption Event”) at which the Trailing Price (as defined herein) of the Common Stock exceeds $12.00.

  • At [***] Amylin shall pay to ACTII [***] and shall issue to ACTII [***] Warrants exercisable at a purchase price equal to the Average 20-Day Trailing Price on the Effective Date of this Agreement.

  • Such notice shall state: (i) the Redemption Date (ii) the Redemption Price (iii) the date on which a Redemption Event occurred and (iv) the Trailing Price of the Common Stock on such date.