Average Daily Price definition

Average Daily Price shall be the price based on the VWAP of the Company on the Principal Market.

Average Daily Price means the average of the high and low sales price of a share of the Maker's common stock as reported by the Principal Market.

Average Daily Price shall be the price based on the VWAP of the Company on the Nasdaq SmallCap Market or, if the Nasdaq SmallCap Market is not the Principal Market, on the Principal Market.

Examples of Average Daily Price in a sentence

• Notwithstanding anything to the contrary contained in this Article V, in the event that the Average Daily Price of the Common Stock, as reported by the Reporting Service, for each day of the month ending on any Determination Date is below the Initial Market Price, the Borrower may, at its option, prepay a portion of the outstanding principal amount of the Notes equal to the principal amount hereof divided by thirty-six (36) plus one month’s interest.

• Notwithstanding anything to the contrary contained in this Article V, in the event that the Average Daily Price of the Common Stock, as reported by the Reporting Service, for each day of the month ending on any Determination Date is below the Initial Market Price, the Borrower may, at its option, prepay a portion of the outstanding principal amount of the Notes equal to 104% of the principal amount hereof divided by thirty-six (36) plus one month’s interest.

• Notwithstanding anything to the contrary contained in this Article V, in the event that the Average Daily Price of the Common Stock, as reported by the Reporting Service, for each day of the month ending on any Determination Date is below the Initial Market Price, the Borrower may, at its option, prepay a portion of the outstanding principal amount of the Notes equal to 104% of the principal amount hereof divided by thirty-six (36) plus one month's interest.

• Notwithstanding anything to the contrary contained in this Article V, in the event that the Average Daily Price of the Common Stock, as reported by the Reporting Service, for each day of the month ending on any Determination Date is below the Initial Market Price, the Borrower may, at its option, prepay a portion of the outstanding principal amount of the Notes equal to 101% of the principal amount hereof divided by thirty-six (36) plus one month’s interest and will stay all conversions for that month.

• The Purchase Price shall be based on the Average Daily Price on each separate Trading Day during the Valuation Period.

More Definitions of Average Daily Price

Average Daily Price means, with respect to a Trading Day, the daily volume weighted average trading price (the total dollar amount traded on that day divided by trading volume for that day) of the Common Stock on that Trading Day and for the regular Trading Day session as reported at 4:15 P.M., Eastern time, by Bloomberg, LP function key HP by using W to calculate the daily weighted average, or such other price as may be determined by an alternative methodology agreed upon from time to time by the Corporation and the holders of a majority of the outstanding shares of Series D-1 Preferred Stock and the holders of a majority of the outstanding shares of Series D-2 Preferred Stock.

Average Daily Price means the daily volume weighted average price per share of Golden State Common Stock on the NYSE (as reported by Bloomberg Financial Services or, if not reported therein, in another mutually agreed upon authoritative source) for 15 randomly selected days during the 30 consecutive NYSE trading days ending on the third business day prior to the Closing Date. The random selection shall be made in a manner reasonably acceptable to both Golden State and Parent Holdings.

Average Daily Price shall be the price based on the VWAP of the Company on the Over the Counter Bulletin Board ("OTCBB") or, if the OTCBB is not the Principal Market, on the Principal Market.

Average Daily Price shall be the average of the VWAP of the Company' s Common Stock on the Principal Market during the applicable Settlement Period.

Average Daily Price means the average of the closing sale prices of one share of Acquiror Common Stock as reported on the NASDAQ/NMS for the 20 consecutive full trading days (in which such shares are traded on the NASDAQ/NMS) ending on the close of trading on the NASDAQ/NMS trading day immediately preceding the Condition Date.

Average Daily Price shall be the price based on the VWAP of Xybernaut on the relevant market or exchange.

Average Daily Price shall be the volume weighted average price (the "VWAP") of the Company's Common Stock on the Principal Market as reported by Bloomberg Financial L.P., or as reported by such third party as the parties shall mutually and reasonably agree (based on a trading day from 9:30 am EST to 4:00 pm EST) using the VAP function for each Trading Day during the Draw Down Pricing Period.