Closing Asked Price definition

Closing Asked Price means, for any security as of any date, the last closing asked price for such security on the Principal Market as reported by Bloomberg Financial Markets ("Bloomberg"), or, if the Principal Market is not the principal securities exchange or trading market for such security, the last closing asked price of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing do not apply, the last closing asked price of such security on the OTC Bulletin Board for such security as reported by Bloomberg, or, if no closing asked price is reported for such security by Bloomberg, the last closing trade price of such security as reported by Bloomberg, or, if no last closing trade price is reported for such security by Bloomberg, the average of the asked prices of any market makers for such security as reported by Pink Sheets, LLC. If the Closing Asked Price cannot be calculated for such security on such date on any of the foregoing bases, the Closing Asked Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holders of Preferred Shares. If the Company and the Holders of Preferred Shares are unable to agree upon the fair market value of the Common Stock, then such dispute shall be resolved pursuant to Section 2(e)(iii) below with the term "Closing Asked Price" being substituted for the term "Conversion Rate." (All such determinations to be appropriately adjusted for any stock dividend, stock split or other similar transaction during such period).
View Source
Closing Asked Price means, as of any date, the last closing asked price for the Common Stock on the Principal Market as reported by Bloomberg Financial Markets ("Bloomberg"), or, if the Principal Market is not the principal securities exchange or trading market for the Common Stock, the last closing asked price of the Common Stock on the principal securities exchange or trading market where the Common Stock is listed or traded as reported by Bloomberg, or if the foregoing do not apply, the last closing asked price of the Common Stocky on the OTC Bulletin Board as reported by Bloomberg, or, if no closing asked price is reported for the Common stock by Bloomberg, the last closing trade price of the Common Stock as reported by Bloomberg, or, if no last closing trade price is reported for the Common Stock by Bloomberg, the average of the asked prices of any market makers for the Common Stock as reported by Pink Sheets, LLC. If the Closing Asked Price cannot be calculated for the Common Stock on such date on any of the foregoing bases, the Closing Asked Price of the Common Stock on such date shall be the fair market value as mutually determined by the Company and the Holders of Preferred Shares. (All such determinations to be appropriately adjusted for any stock dividend, stock split or other similar transaction during such period).
View Source

Related to Closing Asked Price

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Closing Market Price means the price at which the company’s security was last sold, on the applicable date,

  • Specified Price has the meaning given in clause 3.3(b)(ii);

  • Closing Amount has the meaning set forth in Section 2.2.

  • Closing Average Share Value means the average, over the trading days in the Closing Average Period, of the closing price of the company’s stock multiplied by the Accumulated Shares for each trading day during the Closing Average Period.