Applicable Measurement Date definition
Examples of Applicable Measurement Date in a sentence
Such fair market value shall be based upon the mean between the highest and lowest per share sale prices of Parent's Common Stock as reported on the principal national securities exchange or National Association of Securities Dealers Automated Quotation/National Market System on which such stock is traded on the Applicable Measurement Date (as such term is defined herein) or, if there is no such sale on that date, then on the last preceding date on which such a sale is made (the "Market Value").
For purposes hereof, the "Applicable Measurement Date" for determining the Market Value of the Target Stock Incentive Amount issuable for any Fiscal Year shall be the date on which the audited financial statements shall have been completed by Parent's independent public accountants.
On or before the Applicable Measurement Date (as defined below) beginning in 2007 and annually thereafter until an aggregate of 12,107,657 shares (the "Additional Shares") shall have been issued (exclusive of the shares issuable pursuant to Paragraph 5.A.), VitroTech shall issue a number of shares of its common stock determined pursuant to the Issuance Formula (as defined below).
Borrower and its Subsidiaries on a consolidated basis shall not have a Tangible Net Worth, as of the last day of each fiscal quarter (each such day, the “Applicable Measurement Date”), of less than (i) $185,000,000 plus (ii) 80% of the net cash equity proceeds arising from the sale or issuance of Equity Interests of Borrower or any of its Subsidiaries made during the period from May 31, 2013 through the Applicable Measurement Date.
The Company will deliver a notice to WB promptly following the MSA Termination Date or promptly following the 2010 FTE Measurement Date, as applicable (in each case, provided that a Qualified Initial Public Offering shall have occurred prior thereto), which notice shall set forth the Company’s calculation of the Index Differential as of the Applicable Measurement Date (the “Index Differential Calculation”).