Current Market Price definition

Current Market Price shall have the meaning set forth in Section 11(d) hereof.

Current Market Price means, in respect of any class of Limited Partner Interests, as of the date of determination, the average of the daily Closing Prices per Limited Partner Interest of such class for the 20 consecutive Trading Days immediately prior to such date.

Current Market Price per share shall mean the fair value per share as determined in good faith by the Board of Directors of the Company, whose determination shall be described in a statement filed with the Rights Agent and shall be conclusive for all purposes.

Examples of Current Market Price in a sentence

• Such holders of Series C Preference Shares and the Company shall use their reasonable best efforts to cause each Designated Appraiser to render a written decision regarding its determination of the Current Market Price within twenty (20) Business Days following the submission thereof.

• The Company and the holders of Series C Preference Shares to be redeemed shall use their reasonable best efforts to cause the Jointly Selected Appraiser to render a written decision regarding its determination of the Current Market Price within twenty (20) Business Days following the submission thereof.

• In lieu thereof the Company shall pay a cash adjustment (rounded to the nearest cent) in respect of such fractional interest in an amount equal to such fractional interest multiplied by the Current Market Price on the day on which such Series B Preferred Shares are deemed to have been converted.

• If the two values determined by the two Designated Appraisers are within ten percent (10%) of each other, then the Current Market Price shall be deemed to equal the average of such values.

• In connection with any determination of Current Market Price pursuant to Bye-law 4.7.8(a) (other than with respect to publicly traded securities pursuant to clause (a) or clause (b) of the definition of Current Market Price), the holder(s) of Series C Preference Shares to be redeemed and the Company shall negotiate in good faith to mutually agree upon the Current Market Price.

More Definitions of Current Market Price

Current Market Price has the meaning assigned to such term in Section 15.1(a).

Current Market Price has the meaning specified in Section 5.6(a)(8).

Current Market Price as of any date of any class of Limited Partner Interests means the average of the daily Closing Prices (as hereinafter defined) per Limited Partner Interest of such class for the 20 consecutive Trading Days (as hereinafter defined) immediately prior to such date; (ii) “Closing Price” for any day means the last sale price on such day, regular way, or in case no such sale takes place on such day, the average of the closing bid and asked prices on such day, regular way, as reported in the principal consolidated transaction reporting system with respect to securities listed on the principal National Securities Exchange (other than The Nasdaq Stock Market) on which such Limited Partner Interests are listed or admitted to trading or, if such Limited Partner Interests of such class are not listed or admitted to trading on any National Securities Exchange (other than The Nasdaq Stock Market), the last quoted price on such day or, if not so quoted, the average of the high bid and low asked prices on such day in the over-the-counter market, as reported by The Nasdaq Stock Market or such other system then in use, or, if on any such day such Limited Partner Interests of such class are not quoted by any such organization, the average of the closing bid and asked prices on such day as furnished by a professional market maker making a market in such Limited Partner Interests of such class selected by the General Partner, or if on any such day no market maker is making a market in such Limited Partner Interests of such class, the fair value of such Limited Partner Interests on such day as determined by the General Partner; and (iii) “Trading Day” means a day on which the principal National Securities Exchange on which such Limited Partner Interests of any class are listed or admitted for trading is open for the transaction of business or, if Limited Partner Interests of a class are not listed or admitted for trading on any National Securities Exchange, a day on which banking institutions in New York City generally are open.

Current Market Price means, in respect of an Ordinary Share at a particular date, the average of the daily Volume Weighted Average Price of an Ordinary Share on each of the five consecutive dealing days ending on the dealing day immediately preceding such date; provided that if at any time during the said five-dealing-day period the Volume Weighted Average Price shall have been based on a price ex-Dividend (or ex- any other entitlement) and during some other part of that period the Volume Weighted Average Price shall have been based on a price cum-Dividend (or cum- any other entitlement), then:

Current Market Price means, in respect of any share of Common Stock on any date herein specified,

Current Market Price means the average of the daily Closing Sale Prices per share of Common Stock for the ten consecutive Trading Days ending on the earlier of such date of determination and the day before the ex-date with respect to the issuance, distribution, subdivision or combination requiring such computation immediately prior to the date in question. For purpose of this paragraph, the term “ex-date,” (1) when used with respect to any issuance or distribution, means the first date on which the Common Stock trades, regular way, on the relevant exchange or in the relevant market from which the Closing Sale Price was obtained without the right to receive such issuance or distribution, and (2) when used with respect to any subdivision or combination of shares of Common Stock, means the first date on which the Common Stock trades, regular way, on such exchange or in such market after the time at which such subdivision or combination becomes effective.

Current Market Price per share of Common Stock on any day means the average of the daily Closing Prices for the five consecutive Trading Days selected by the Company commencing not more than 30 Trading Days before, and ending not later than, the earlier of the day in question and the day before the "ex date" with respect to the issuance or distribution requiring such computation. For purposes of this paragraph, the term "ex date", when used with respect to any issuance or distribution, shall mean the first date on which the Common Stock trades regular way on such exchange or in such market without the right to receive such issuance or distribution.