10-Day VWAP
means, as of any date, the volume weighted average price of the Ordinary Shares during the ten (10) trading day period ending on the trading day prior to such date; or
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10-Day VWAP
means the average of the Daily VWAP for the 10 Trading Days ending on the Trading Day immediately prior to the applicable date.
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10-Day VWAP
means the 10-day volume weighted average trading price of our common shares ending three trading days prior to the relevant interest payment date determined in accordance with the documents governing the 2022 Convertible Notes.
Examples of 10-Day VWAP in a sentence
If neither Party issues the Cash Settlement Notice by the Cash Settlement Cut-Off Time, the issue price of the Consideration Units will be determined by the 10-Day VWAP.
The performance-based vesting condition will be satisfied with respect to 25% of such Series A LTIP Units on the last trading day of any year ending on or prior to December 31, 2027 that the 10-Day VWAP (as defined in the applicable award agreement) first equals or exceeds $11.50 per Class A Share, $13.50 per Class A Share, $15.50 per Class A Share and $17.50 per Class A Share.
By way of example only, if the 10-Day VWAP equals $5.00 and there are 15,281,797 shares outstanding, the market capitalization would be $76,408,985.
The Tranche B Rights will vest upon the 10-Day VWAP of shares traded on the ASX being at $0.40 or greater.
Reflects Series B LTIP Units that vest pro rata on the last trading day of any year ending on or prior to December 31, 2029 that the 10-Day VWAP exceeds $10.00 per Class A Share, with 0% vesting of such Series B LTIP Units at $10.00 per Class A Share and linear vesting through and until 100% vesting of such Series B LTIP Units at $20.00 per Class A Share.
More Definitions of 10-Day VWAP
10-Day VWAP
means the volume weighted average price of the shares of Common Stock traded on the Nasdaq Capital Market, or any other national securities exchange on which the shares of Common Stock are then traded, for the ten (10) trading days ending on the first trading day immediately preceding the date of determination of the 10-Day VWAP.
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10-Day VWAP
means the Dividend Price (as defined in the Grant Date Articles); provided that (i) the reference therein to the relevant “Dividend Year” shall instead be replaced with a reference to the relevant Financial Year and (ii) the final sentence of the definition of Average Price (as defined in the Grant Date Articles, which term is used in the definition of “Dividend Price”) shall be deleted and replaced with the following sentence: “If the Average Price cannot be calculated for that security on that date on any of the foregoing bases, the Average Price of that security on such date shall be the fair market value as mutually determined in good faith by the Grantee and the Board.” Seven-Year Share Price Hurdle Vesting Percentage $11.50 25 % $13.50 25 % $15.50 25 % $17.50 25 % For the avoidance of doubt, a Seven-Year Share Price Hurdle need only be satisfied once and, except as set forth in Section 2(e) or 2(f) below, vesting will not occur for any portion of the Performance-Vesting Series A LTIP Awards unless and until the Performance-Vesting Service Condition is also satisfied with respect to such portion of the Performance-Vesting Series A LTIP Awards.
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10-Day VWAP
means, as of any date, the average last reported sale price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to such date. “Fair Market Value” means the 10-Day VWAP as of the first date on which the shares of Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. Notwithstanding anything to the contrary herein, no Common Stock shall be issued at less than their par value.
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10-Day VWAP
means the volume weighted average price of a Common Share for the ten consecutive trading days ending on (and which includes as a trading day) the day immediately prior to any date on which it is measured, as reported by Bloomberg;
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10-Day VWAP
means the volume weighted average share price of Acasti Shares over the last ten (10) trading days on NASDAQ (as reported by Bloomberg L.P. or, if not reported therein, in another authoritative source mutually selected by the Parties) preceding the two (2) Business Days prior to the Closing Date.
10-Day VWAP
means the average of the daily VWAP of the Common Stock for each Trading Day in the ten (10)-Trading Day period immediately prior to, but excluding, the applicable determination date.
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