Average Trading Price

Average Trading Price. Of any stock will mean the average of the reported closing market prices of such stock for the 10 consecutive trading days (or, if a market for such stock first comes into being during such 10-trading day period, those trading days during such period for which reported market prices for such stock are available) ending on the third trading day prior to the date of exercise of the Option. The closing market price for each day in question will be the last sale price, regular way or, if no such... sale takes place on such day, the average of the closing bid and asked prices, regular way, in either case as reported in the principal consolidated transaction reporting system of the principal national securities exchange on which such stock is listed or admitted to trading or, if such stock is not listed or admitted to trading on any national securities exchange, the last quoted sale price or, if no such sale price is quoted, the average of the high bid and low asked prices in the over-the-counter market, as reported by the Nasdaq National Market System ("Nasdaq") or such other system then in use or, if on any such trading day such capital stock is not quoted by any such organization, the average of the closing bid and asked prices as furnished by the professional market maker who has been most active in making a market in such capital stock during the preceding 12 months. The Average Trading Price of such stock will be appropriately and equitably adjusted to reflect the effects of any stock dividend, stock split, reclassification, recapitalization, combination or distribution of assets, securities or other property (other than ordinary course cash dividends) to holders of such stock by the issuer thereof affecting such stock, the record date, ex-dividend date or similar date of which occurs during the period in which the Average Trading Price is to be determined or thereafter prior to the date of the consummation of the purchase or transaction for which Fair Market Value is being determined. View More

Average Trading Price. Shall mean the average closing trading price of Common Stock (as reported on www.nasdaq.com) during the ten-business day period -------------- prior to the date the Common Stock is eligible to be registered on Form S-3.

Average Trading Price. Shall mean, as of a given date, the average of the daily closing prices of the Common Stock on the national stock exchange on which the Common Stock principally trades during the thirty (30) business days immediately preceding such date.

Average Trading Price. An amount equal to the average of the closing price of the Parent Stock as quoted on the Nasdaq Capital Market for the fifteen (15) trading days immediately preceding (i) the Effective Date in the case of the Closing Shares and (ii) the satisfaction of the applicable Milestone in the case of the Milestone Shares.

Average Trading Price. Means, as of any date, the volume weighted average trading price per share of Common Stock for the 20 consecutive Trading Days immediately preceding such date.

Average Trading Price. Shall mean, 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.