Weighted Average Trading Price definition

Weighted Average Trading Price means, with respect to any security on a stock exchange or quotation service during a specified period, the quotient obtained by dividing (i) the aggregate sale price of all such securities sold on such stock exchange or quotation service during such period by (ii) the total number of such securities sold on such stock exchange or quotation service during such period, as determined from time to time by the Board of Directors, or upon request of the Board of Directors, as determined by an Independent Member of the IIROC for such purpose;

Weighted Average Trading Price means, for any Trading Day, the ------------------------------ number obtained by dividing (i) the sum of the products, for each sale of Common Shares on such Trading Day, of (a) the sale price per Common Share and (b) the number of Common Shares sold by (ii) the total number of Common Shares sold on such Trading Day.

Weighted Average Trading Price means the volume weighted average sales price per share of Class A Common Stock as reported by Bloomberg Information Systems, Inc.; provided, however, if there shall occur any adjustment to the Conversion Price as a result of Section 7(b)(iv) below, the Weighted Average Trading Price shall be proportionally adjusted to the extent not so reflected in the report of Bloomberg Information Systems, Inc.

Examples of Weighted Average Trading Price in a sentence

• The increase in the Exchange Ratio is calculated by multiplying the Baytex Energy Trust Distribution per Unit by the Opening Exchange Ratio and dividing by the Five-day Weighted Average Trading Price of BTE.UN.A holder of Baytex Energy Ltd.

• The increase in the exchange ratio is calculated by multiplying the StarPoint Energy Trust Distribution per Unit by the opening exchange ratio and dividing by the Ten-day Weighted Average Trading Price of SPN.UN.

• The number of Common Shares to be issued by the Corporation on the Maturity Date, in satisfaction of its obligations under this Section 6.10 shall be equal to the quotient resulting from dividing the Principal Sum to be satisfied by the issuance of Common Shares by 95% of the Twenty Day Weighted Average Trading Price for the period ending on the fifth Trading Day immediately prior to the Maturity Date.

• As used herein, the Common Fair Market Value shall equal (A) the Weighted Average Trading Price (as defined in the Purchase Agreement) during the 10 trading days immediately prior to the date of the Redemption Notice or (B) if the Class A Common Stock is not traded on a national securities exchange or Nasdaq, then as determined reasonably and in good faith by the Board of Directors.

• If dividends are paid in Series G Preferred Stock, the number of shares of Series G Preferred Stock due will be calculated by dividing the amount of dividends due by the Sixty-Day Weighted Average Trading Price for the sixty trading days ending on the earlier of the Conversion Date or each anniversary of the issuance of the Series G Preferred Stock.

More Definitions of Weighted Average Trading Price

Weighted Average Trading Price means, for any Trading Day, the number obtained by dividing (i) the sum of the products, for each sale of Common Shares on such Trading Day, of (a) the sale price per Common Share and (b) the number of Common Shares sold by (ii) the total number of Common Shares sold on such Trading Day.

Weighted Average Trading Price means, with respect to the Common Shares traded during a specified period, the quotient obtained by dividing (i) the aggregate sale price of all Common Shares sold on the Exchange during such period by (ii) the total number of Common Shares sold on the Exchange during such period, as determined from time to time by the Corporation based on the trading statistics for such period issued by the Exchange or, upon the request of the Holder, as determined by an independent member of the Investment Dealers Association of Canada.

Weighted Average Trading Price means the weighted average trading price of the Common Shares on the Applicable Stock Exchange for the five trading days on which such shares are traded immediately preceding the Determination Date.

Weighted Average Trading Price means the volume weighted average sales price per share of Class A Common Stock as reported by Bloomberg Information Systems, Inc.; provided, however, if there shall occur any adjustment to the Conversion Price (as defined in the Series A Designation) as set forth in Section 7(b)(iv) of the Series A Designation, the Weighted Average Trading Price shall be proportionally adjusted to the extent not so reflected in the report of Bloomberg Information Systems, Inc.

Weighted Average Trading Price means, for any period, the number obtained by dividing (i) the sum of the products, for each sale of Common Shares on each Trading Day in such period, of (a) the sale price per Common Share and (b) the number of Common Shares sold by (ii) the total number of Common Shares sold during such period.

Weighted Average Trading Price means the average trading price determined by multiplying the number of shares involved in each individual trade during the period of determination by the sale price for that trade and dividing the sum of all those amounts by the total number of shares traded during the relevant period of determination. Repayment of this Loan shall be made pursuant to the terms of the Note. At the time of each advance pursuant to this Agreement, Honview shall annotate the Note to indicate the amount of the advance and the date of the advance.

Weighted Average Trading Price means the average trading price determined by multiplying the number of shares involved in each individual trade during the period of determination by the sale price for that trade and dividing the sum of all those amounts by the total number of shares traded during the relevant period of determination. If there is no Weighted Average Trading Price because there is no reasonably ascertainable trading price for the Common Stock, then there shall be no right of conversion. In order to convert this Note, Holder shall deliver to the Company at the address set forth below, or at any other address of which the Company gives notice pursuant to Section 11 below, this Note together with an irrevocable written notice of Holder's conversion of this Note. This notice of conversion shall be substantially in the form of the Notice To Convert attached to and made a part of this Note as Schedule A (the "Notice To Convert"). Although the conversion of this Note shall be irrevocable upon delivering the Notice To Convert, the conversion shall not be deemed to be effective until a certificate or certificates representing the Conversion Shares are issued to Holder. At the time of delivering the Notice To Convert to the Company, Holder shall reaffirm all representations, acknowledgements and warranties contained in this Note. No fractional shares or scrip representing fractional shares will be issued upon any conversion in respect of any fraction of a share that would otherwise be issuable upon the surrender of this Note for conversion. If the Company has not received the Notice To Convert together with this Note during the Conversion Period, the Company shall pay the Holder the entire principal amount of this Note.