Common use of IHS Stock Clause in Contracts

IHS Stock. (a) As set forth in Section 2.1(b) above, a portion of the Purchase Price shall be payable by means of the delivery to Seller of IHS Stock valued at $5,200,000 based upon a price per share (the "Initial Market Value Per Share") of such stock equal to the average closing NYSE price of such stock for the twenty (20) business day period ending on the date which is four (4) business days prior to the Closing Date.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Integrated Health Services Inc), Asset Purchase Agreement (Mediq Inc)