Purchase Price Definition Example

Purchase Price. The lower of the (A) the lowest Sale Price of the Common Stock on the Purchase Date and (B) the arithmetic average of the three (3) lowest Closing Sale Prices for the Common Stock during the twelve (12) consecutive Business Days ending on the Business Day immediately preceding such Purchase Date (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction subsequent to the later of (i) the date hereof and (ii) the most... recent Purchase Date, and prior to the relevant Purchase Date). View More