Average Daily Trading Volume Sample Clauses

Average Daily Trading Volume. Ten (10) days from the date of this Agreement, a calculation shall be made of the average daily trading volume of txxxxxxx.xxx shares for the previous 30 days. In addition, ninety (90) days from the date of this Agreement, another calculation shall be made of the average daily trading volume of txxxxxxx.xxx shares for the previous 30 days. If under these calculations the average daily trading volume 90 days from the date of this Agreement is 70,000 shares higher that the average daily trading volume 10 days after the date of this agreement, Consultant shall receive 100,000 shares of txxxxxxx.xxx restricted common stock within 5 business days. The shares issued to Consultant pursuant to this paragraph will be duly authorized, validly issued and outstanding, fully paid and non-assessable and will not be subject to any liens or encumbrances. Within 60 days of the date of this Agreement, txxxxxxx.xxx shall register its securities, either for its own account or the account of any other security holder or holders ("Holders") on a registration statement under the U.S. Securities Act of 1933 (the "Act"), the Company will (i) promptly give Consultant written notice thereof; and (ii) include the stock issued to Consultant under this paragraph in any such registration (and any related qualifications under blue sky laws or other compliance) and in any underwriting involved therein. If under the calculations set forth above, the average daily trading volume 90 days from the date of this Agreement is not 70,000 shares or higher than the average daily trading volume 10 days after the date of this Agreement, Consultant shall transfer to txxxxxxx.xxx 25,000 shares of free trading stock in one or more companies that are publicly in the United States. Any shares transferred to txxxxxxx.xxx under this paragraph shall have an ask price of $1.00 or more per share in the U.S. over-the-counter market. The $1.00 ask price may be calculated by using the reported closing price from the previous trading day. Nothing contained in this paragraph shall be construed to require Consultant to purchase, directly or indirectly, any shares of txxxxxxx.xxx.
Sample 1
AutoNDA by SimpleDocs
Average Daily Trading Volume 
Sample 1

Related to Average Daily Trading Volume

  • Trading Day For purposes of this Warrant, the term "trading day" means any day on which the principal United States securities exchange or trading market where the Common Stock is then listed is open for trading.

  • Closing Price Closing Price shall mean the last reported market price for one share of Common Stock, regular way, on the New York Stock Exchange (or any successor exchange or stock market on which such last reported market price is reported) on the day in question. If the exchange is closed on the day on which the Closing Price is to be determined or if there were no sales reported on such date, the Closing Price shall be computed as of the last date preceding such date on which the exchange was open and a sale was reported.

  • Current Market Price The term "Current Market Price" shall mean (i) if the Company’s common shares are traded in the over-the-counter market or on the National Association of Securities Dealers, Inc. Automated Quotations System ("NASDAQ"), the average per Share closing bid price on the 20 consecutive trading days immediately preceding the date of exercise or date of call by the Company, as reported by NASDAQ or an equivalent generally accepted reporting service, or (ii) if the Shares are traded on a national securities exchange, the average for the 20 consecutive trading days immediately preceding the exercise date or the date of call by the Company of the daily per Share closing prices on the principal stock exchange on which the Shares are listed, as the case may be. The closing price referred to in clause (ii) above shall be the last reported sales price or, if no such reported sale takes place on such day, the average of the reported closing bid and asked prices, in either case on the national securities exchange on which the Shares are then listed.

  • Measurement Period (b) In this Agreement, unless the contrary intention appears, a reference to:

  • Market Capitalization At the time the Registration Statement was or will be originally declared effective, and at the time the Company’s most recent Annual Report on Form 10-K was filed with the Commission, the Company met or will meet the then applicable requirements for the use of Form S-3 under the Securities Act, including, but not limited to, General Instruction I.B.1

  • VALUATION PERIOD Each Division will be valued at the end of each Valuation Period on a Valuation Date. A Valuation Period is each Business Day together with any non-Business Days before it. A Business Day is any day the New York Stock Exchange (NYSE) is open for trading, and the SEC requires mutual funds, unit investment trusts, or other investment portfolios to value their securities. ACCUMULATION VALUE The Accumulation Value of this Contract is the sum of the amounts in each of the Divisions of the Variable Separate Account and General Account. You select the Divisions of the Variable Separate Account and General Account to which to allocate the Accumulation Value. The maximum number of Divisions to which the Accumulation Value may be allocated at any one time is shown in the Schedule. ACCUMULATION VALUE IN EACH DIVISION ON THE CONTRACT DATE On the Contract Date, the Accumulation Value is allocated to each Division as elected by you, subject to certain terms and conditions imposed by us. We reserve the right to allocate premium to the Specially Designated Division during any Right to Examine contract period. After such time, allocation will be made proportionately in accordance with the initial allocation(s) as elected by you. ON EACH VALUATION DATE At the end of each subsequent Valuation Period, the amount of Accumulation Value in each Division will be calculated as follows:

  • Current Per Share Market Value For the purpose of any computation hereunder, the “Current Per Share Market Value” of any security (a “Security” for the purpose of this Section 11.4.1) on any date shall be deemed to be the average of the daily closing prices per share of such Security for the thirty (30) consecutive Trading Days (as such term is hereinafter defined) immediately prior to such date; provided, however, that in the event that the current per share market price of the Security is determined during any period following the announcement by the issuer of such Security of (i) a dividend or distribution on such Security payable in shares of such Security or securities convertible into such shares or (ii) any subdivision, combination or reclassification of such Security, and prior to the expiration of

  • Sale Price (a) As consideration for the sale of the CEF Assets pursuant to Section 2.1 hereof, the Purchaser shall pay to the applicable Seller on the Closing Date, the CEF Purchase Price for the CEF Assets sold and transferred by such Seller to the Purchaser on the Closing Date. The CEF Purchase Price for the sale of CEF Assets shall be an amount equal to the fair market value thereof as agreed upon by the Purchaser and the applicable Seller prior to such sale.

  • Settlement Averaging Period For any Option and regardless of the Settlement Method applicable to such Option:

  • Nasdaq Quotation The Company agrees to use commercially reasonable efforts to continue the quotation of the Company Common Stock on The Nasdaq Stock Market during the term of this Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.