Public Market Value

Public Market Value. As of any given day, the reported per Unit closing price of the Units on the Stock Exchange on which such Units are traded or quoted (or, if there is no reported closing price on that day, then on the last preceding day on which such a closing price was reported) or if the Units are traded or quoted in the over-the-counter market, the average of the closing bid and asked prices of such units, in each case for the five trading days prior to but excluding the day on which the determination of... Public Market Value is to be made pursuant to the Program (or, if there is no reported trades on a particular trading day in such five-day period, the most recent period of five trading days on which there are reported trades) View More

Public Market Value. Of one Common Share shall mean (i) when the Company's Common Shares are publicly traded, the closing price of a Common Share on the principal securities exchange on which the Common Shares are listed or, if not so listed, as traded in the NASDAQ National Market, if traded therein, on the trading day prior to the date of grant of an Option, or (ii) if the Common Shares are not so listed or traded, the average of the bid and asked prices of a Common Share as... otherwise quoted on the NASDAQ system or any successor system in use on the most recent date prior to the date of determination on which such quoted prices exist. View More