Average Closing Price

Average Closing Price. The average closing bid price of the Company's common stock for the five trading days immediately preceding the applicable measurement date.

Average Closing Price. Shall mean, for any date of determination, the average closing sale price per share of the Stock for the five (5) trading days immediately preceding the date of determination on the American Stock Exchange or, if not listed on such exchange, on such other national exchange or quotation system upon which the Stock is then listed or quoted.

Average Closing Price. Shall mean the average Fair Market Value of the Common Stock over the consecutive trading days within any six-month period commencing on or after the effectiveness of the Company's initial public offering of its shares of Common Stock.

Average Closing Price. Means the average of the last reported sale price or, if no such reported sale takes place, the mean of the closing bid and asked prices of NBT Common Stock in the over-the-counter market as such prices are reported by the automated quotation system of the National Association of Securities Dealers, Inc., or in the absence thereof by such other source upon which NBT and CNB shall agree, as of the 4:00 p.m. (New York time) "benchmark" close of trading for each of the fifteen trading days ending... on the second trading day before the Effective Time. View More

Average Closing Price. Means the average of the closing sale prices for a share of the Class A Common Stock for a specified period on the principal national securities exchange on which the Class A Common Stock is admitted to trading or listed, or if not listed or admitted to trading on any such exchange, the representative closing bid price of the Class A Common Stock as reported by NASDAQ, or other similar organization if NASDAQ is no longer reporting such information, or if not so available, the fair market price... of the Class A Common Stock as determined by the Board of Directors of the Corporation. View More

Average Closing Price. Means that price which shall be computed as the arithmetic average of the Closing Bid Prices for the Common Stock during the five (5) consecutive trading days immediately preceding the Closing Date (as defined in the Redemption and Exchange Agreement) (subject to adjustment for stock splits, stock dividends, stock combinations and other similar transactions during such period or after the Closing Date).

Average Closing Price. Shall mean the average of the three lowest consecutive closing bid prices of the Common Stock on the NASD Over The Counter Bulletin Board ("OTCBB") or such other public market or exchange that is the primary public market for such Common Stock as quoted by Bloomberg L.P. or, if not reported thereby, another authoritative source, in the thirty day period prior to the Conversion Date. -1-

Average Closing Price. Means, as to the Common Stock, the average of the closing sales prices as reported by the National Association of Securities Dealers, Inc. electronic interdealer quotation system ("Nasdaq") on the Nasdaq SmallCap Market or the Nasdaq National Market System or on such other domestic securities exchange on which the Common Stock rimy then be listed, as applicable, or, if on any day the Common Stock is not quoted in the Nasdaq National Market System or the Nasdaq SmallCap Market or listed on any... domestic securities exchange, the average of the highest bid and lowest asked prices on such day in the domestic over-the-counter market, as reported by the National Quotation Bureau, Incorporated, or any similar 5 successor organization, in each such case for the twenty (20) trading days immediately preceding the date of the Exercise Time. If at the Exercise Time the Common Stock is not listed on any domestic securities exchange or quoted on the Nasdaq National Market System, the Nasdaq SmallCap Market or the domestic over-the-counter market, the "Average Closing Price" shall be the fair value thereof determined in good faith by the Company's Board of Directors; provided that if Purchaser in good faith disagrees with such valuation, such fair value shall be determined by an investment banker jointly selected by the Company and the Purchaser. The determination of such investment banker shall be final and binding on the Company and the Investor, and the fees and expenses of such appraiser shall be shared equally by the Company and the Purchaser. View More

Average Closing Price. Means, for any specified date, the average of the Market Price of the Common Stock over a period of thirty (30) consecutive trading days ending on such specified date.

Average Closing Price. The Average Closing Price shall be determined by adding up the closing prices and dividing the sum total by ten (10).