Interest Payment Closing Price

Example Definitions of "Interest Payment Closing Price"
Interest Payment Closing Price. Means with respect to any Scheduled Interest Payment Date, the average of the daily VWAP for the five (5) Trading Days immediately preceding the Scheduled Interest Payment Date. For the avoidance of doubt, the Interest Payment Closing Price shall be determined by calculating the daily VWAP for each of the five (5) Trading Days immediately preceding the Scheduled Interest Payment Date, adding together all of the daily VWAP's for such five (5) day period, and dividing such sum by five (5).
All Definitions