Standard Purchase Price

Standard Purchase Price. Means, with respect to any Standard Put made pursuant to Section 1(b), the lower of: (i) the lowest Sale Price on the applicable Put Date and (ii) 85% of the arithmetic average of the 3 lowest Closing Prices for the Common Stock during the 10 consecutive Trading Days ending on the Trading Day immediately preceding such Put Date (in each case, to be appropriately adjusted for any stock split, reverse stock split, reorganization, recapitalization, non-cash dividend, or other similar transaction... that occurs on or after the date of this Agreement). View More