Common use of Common Share Price Clause in Contracts

Common Share Price. The “Common Share Price” shall be equal to the greater of (i) $9.00 or (ii) 75% of the arithmetic average (rounded to the nearest 1/10,000) of the daily volume-weighted average prices of the Company’s Class A common stock (the “Common Stock”), on the NASDAQ National Market, calculated as of 4:00 p.m. Eastern Time and as reported by Bloomberg, L.P. or such other source as the parties hereto shall agree upon in writing, for the 30 consecutive trading days immediately preceding the trading day before the Closing Date (the “Valuation Period”); provided that the amount in this clause (ii) shall not exceed $9.15.

Appears in 1 contract

Sources: Stock Purchase Agreement (Lottomatica Spa)

Common Share Price. The "Common Share Price" shall be equal to the greater of (i) $9.00 or (ii) 75% of the arithmetic average (rounded to the nearest 1/10,000) of the daily volume-weighted average prices of the Company’s 's Class A common stock (the "Common Stock"), on the NASDAQ National Market, calculated as of 4:00 p.m. Eastern Time and as reported by Bloomberg, L.P. or such other source as the parties hereto shall agree upon in writing, for the 30 consecutive trading days immediately preceding the trading day before the Closing Date (the "Valuation Period"); provided that the amount in this clause (ii) shall not exceed $9.15.

Appears in 1 contract

Sources: Stock Purchase Agreement (Scientific Games Corp)