Average Daily Closing Price definition

Average Daily Closing Price means for any security as of any date, the cumulative VWAPs divided by the number of Trading Days during a Trading Week.
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Average Daily Closing Price means the average of the closing prices per share of the Class A Common Stock of Apartment and Investment Management Company, a Maryland corporation, on the New York Stock Exchange as reported by the Wall Street Journal (or, if not reported thereby, any other authoritative source as the parties shall agree in writing) for the twenty (20) consecutive full trading days in which such shares are traded on the New York Stock Exchange ending on the second trading day, prior to, but not including, the Closing Date.
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Average Daily Closing Price means (y) the sum of the closing prices of the Buyer Shares on each of the twenty (20) consecutive Trading Days ending the Business Day prior to the Closing Date, as is reported in The Wall Street Journal divided by (z) twenty (20).
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Examples of Average Daily Closing Price in a sentence

  • For greater certainty and without limitation, if as of the Reference Date, the common shares of Travelbyus are not listed and quoted on NASDAQ but are listed and quoted on another foreign stock exchange, then the Average Daily Closing Price shall be calculated by reference to the closing price on such exchange and shall be adjusted for currency exchange rates.

  • The Travelbyus Shares shall be adjusted if (and only if) the average of the daily per share closing price of the common shares of Travelbyus quoted on NASDAQ for the five trading days prior to and the five trading days after the Reference Date (the "Average Daily Closing Price") is less than US$2.50 per share.

  • In lieu thereof, Buyer shall pay to each holder of CRC Shares who would otherwise be entitled to a fractional share of Buyer Shares (after taking into account all Old CRC Certificates delivered by such holder) an amount in cash calculated by multiplying such fraction by the Average Daily Closing Price.

  • In lieu thereof, Buyer shall pay to each holder of PRRC Shares who would otherwise be entitled to a fractional share of Buyer Shares (after taking into account all Old PRRC Certificates delivered by such holder) an amount in cash calculated by multiplying such fraction by the Average Daily Closing Price.


More Definitions of Average Daily Closing Price

Average Daily Closing Price has the meaning ascribed thereto in section 3.2.
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Average Daily Closing Price shall be the average of the daily closing prices per share reported on the American Stock Exchange from the period beginning September 17, 1997 to November 24, 1997, which is 12.565051.
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Related to Average Daily Closing Price

  • Average Closing Price means the average of the closing market prices of a Share over the last five (5) Market Days on which the Shares are transacted on the SGX-ST or, as the case may be, such securities exchange on which the Shares are listed or quoted, immediately preceding the date of the Market Purchase by the Company or, as the case may be, the date of the making of the offer pursuant to the Off-Market Purchase, and deemed to be adjusted, in accordance with the rules of the SGX-ST, for any corporate action that occurs after the relevant five-day period; and

  • Average Sale Price means the average of the Sale Prices of the Common Stock for the shorter of

  • Average Trading Price means, with respect to any period, the average of the Market Prices on the last trading day of each full or partial calendar quarter included within such period.

  • Closing Price means, in respect of any class of Limited Partner Interests, as of the date of determination, 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, in either case as reported in the principal consolidated transaction reporting system with respect to securities listed or admitted to trading on the principal National Securities Exchange on which the respective Limited Partner Interests are listed or admitted to trading or, if such Limited Partner Interests are not listed or admitted to trading on any National Securities Exchange, 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 primary reporting system then in use in relation to such Limited Partner Interests of such class, 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.

  • Average Price means the average closing price of a share of the Substitute Common Stock for the one year immediately preceding the consolidation, merger or sale in question, but in no event higher than the closing price of the shares of Substitute Common Stock on the day preceding such consolidation, merger or sale; provided that if Issuer is the issuer of the Substitute Option, the Average Price shall be computed with respect to a share of common stock issued by the person merging into Issuer or by any company which controls or is controlled by such person, as the Holder may elect.