Average Daily Volume will be determined once at the beginning of each calendar quarter for application during such quarter based on an averaging of the daily volume of sales of Company Common Stock as reported by The NASDAQ Capital Market (provided that if the Company’s Common Stock is not then listed on The NASDAQ Capital Market, as reported by such trading market on which the Common Stock is traded) for each trading day over the 90-trading day period preceding such determination; and (ii) “Average Weekly Volume” is calculated by multiplying the Average Daily Volume by the number of trading days in the calendar week preceding the proposed sale or transfer of Shares.

Average Daily Volume shall be computed using the forty (40) trading days prior to the Advance Date.

Average Daily Volume means, for purposes of Special Rule 26(b), with respect to any new Receipt Point, the average daily volume (in Barrels per Day calculated on an 8/8ths basis) over any consecutive thirty (30) Day period.

Examples of Average Daily Volume in a sentence

For options listed on the first trading day of a given calendar quarter, the Average Daily Volume shall be calculated using the quarter prior to the last trading calendar quarter.
Beginning on the second trading day in the first month of each calendar quarter, the Average Daily Volume shall be calculated by utilizing data from the prior calendar quarter based on Customer-cleared volume at The Options Clearing Corporation.
Therefore, the lower the Average Daily Volume, the greater the proposed spread between strike intervals.
The Average Daily Volume is the total number of options contracts traded in a given security for the applicable calendar quarter divided by the number of trading days in the applicable calendar quarter.
Average Daily Volume shall be calculated by dividing the annual volume by 365.

More Definitions of Average Daily Volume

Average Daily Volume means the average of the daily trading volume of the Buyer's Common Stock on the Nasdaq National Market for the 20 trading days preceding the day in question, divided by two to adjust for Nasdaq reporting of both sides of a trade.

Average Daily Volume means, for purposes of Item No. 130(b), with respect to any new Receipt Point, the average daily volume (in Barrels per Day calculated on an 8/8ths basis) over any consecutive thirty (30) Day period.

Average Daily Volume means the average of a Regular Shipper's daily volumes of crude petroleum transported during the Base Period through the Spearhead Pipeline .

Average Daily Volume means the average of a Regular Shipper's daily volumes of crude petroleum transported during the Base Period through the line segment or segments subject to prorationing.

Average Daily Volume means the average daily number of shares of INVU Common Stock traded on the Applicable Stock Exchange during the concurrent measurement period of ninety (90) consecutive trading days.

Average Daily Volume means the arithmetical average of the daily volume (including the opening and closing auctions but excluding block trades) of the Shares traded during the period of 20 Exchange Business Days preceding the Exchange Business Day on which the sale or purchase of Shares is carried out by CACIB on the relevant Trading Venue, as published on the relevant Bloomberg screens or any successor or replacement screens on the relevant Exchange Business Day;

Average Daily Volume shall be computed using the Forty (40) Trading Days prior to the relevant Advance Notice Date.