Minimum Selling Price Definition | Law Insider (2024)

  • Minimum Sale Price means (i) with respect to a Receivable (x) that has become 60 to 210 days delinquent or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has been repossessed by the Servicer and has not yet been sold at auction, the greater of (A) 55% multiplied by the Principal Balance of such Receivable and (B) the product of the three month rolling average recovery rate (expressed as a percentage) for the Servicer in its liquidation of all receivables for which it acts as servicer, either pursuant to this Agreement or otherwise, multiplied by the Principal Balance of such Receivable or (ii) with respect to a Receivable (x) with respect to which the related Financed Vehicle has been repossessed by the Servicer and has been sold at auction and the Net Liquidation Proceeds for which have been deposited in the Collection Account, or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has not been repossessed by the Servicer despite the Servicer’s diligent efforts, consistent with its servicing obligations, to repossess the Financed Vehicle, $1.

  • Selling Price means the same meaning as in RCW 82.08.010, except that when the product is sold under circ*mstances where the total amount of consideration paid for the product is not indicative of its true value. Selling price means the true value of the product sold as determined or agreed to by the ((board)) WSLCB. For purposes of this subsection:

  • Net Selling Price of Licensed Products shall mean the gross selling price paid by a purchaser of a Licensed Product to COMPANY, an Affiliate or Sublicensee of COMPANY, or any other party authorized by COMPANY to sell Licensed Products less the following discounts:

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum Purchase Price has the meaning set forth in Section 2.04.

  • Ending Price means the average closing price of one share of common stock on the applicable stock exchange during the twenty (20) trading days immediately preceding and including the last day of the Performance Period; provided that, in the case of a Change of Control, the Ending Price for the Company shall be the fair market value of a Share immediately prior to the Change of Control, and the Ending Price for all other companies shall be the average closing price of one share of common stock on the applicable stock exchange during the twenty (20) trading days immediately preceding the date of the Change of Control.

  • Closing Sales Price means, for any security as of any date, the last sales price of such security on the principal trading market where such security is listed or traded as reported by Bloomberg Financial Markets (or a comparable reporting service of national reputation selected by the Corporation if Bloomberg Financial Markets is not then reporting closing sales prices of such security) (collectively, “Bloomberg”), or if the foregoing does not apply, the last reported sales price of such security on a national exchange or in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no such price is reported for such security by Bloomberg, the average of the bid prices of all market makers for such security as reported in the “pink sheets” by the National Quotation Bureau, Inc., in each case for such date or, if such date was not a trading day for such security, on the next preceding date that was a trading day. If the Closing Sales Price cannot be calculated for such security on any of the foregoing bases, the Closing Sales Price of such security on such date shall be the fair market value as reasonably determined by an investment banking firm selected by the Corporation, with the costs of such appraisal to be borne by the Corporation.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Highest Closing Price means the highest closing price for shares of Substitute Common Stock within the six-month period immediately preceding the date the Substitute Option Holder gives notice of the required repurchase of the Substitute Option or the Substitute Share Owner gives notice of the required repurchase of the Substitute Shares, as applicable.

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Net Sales Price means:

  • Formula Price means the highest of: (a) the highest composite daily closing price of the Stock during the period beginning on the 60th calendar day prior to the Change of Control and ending on the date of such Change of Control, (b) the highest gross price paid for the Stock during the same period of time, as reported in a report on Schedule 13D filed with the Securities and Exchange Commission, or (c) the highest gross price paid or to be paid for a share of Stock (whether by way of exchange, conversion, distribution upon merger, liquidation or otherwise) in any of the transactions set forth in Section 9 of the Plan as constituting a Change of Control; provided that in the case of the exercise of any such Right related to an Incentive Stock Option, “Formula Price” shall mean the Fair Market Value of the Stock at the time of such exercise.

  • Minimum Purchase Amount means an amount that would be sufficient to (i) reduce the Outstanding Amount of each class of Notes on such Distribution Date to zero and (ii) pay to the respective Noteholders the Class A Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Interest Distribution Amount payable on such Distribution Date.

  • Closing Price Per Share means, with respect to the Common Stock, for any day, (i) the last reported sale price regular way on the Nasdaq National Market or, (ii) if the Common Stock is not quoted on the Nasdaq National Market, the last reported sale price regular way per share or, in case no such reported sale takes place on such day, the average of the reported closing bid and asked prices regular way, in either case, on the principal national securities exchange on which the Common Stock is listed or admitted to trading, or (iii) if the Common Stock is not quoted on the Nasdaq National Market or listed or admitted to trading on any national securities exchange, the average of the closing bid prices in the over-the-counter market as furnished by any New York Stock Exchange member firm selected from time to time by the Company for that purpose.

  • Starting Price means the closing price of a share of United Common Stock on the NASDAQ (as reported in The Wall Street Journal, or if not reported therein, in another authoritative source) on the Starting Date.

  • Average Closing Price means the average of the closing market prices of a Share over the last five (5) Market Days on which transactions in the Shares were recorded on the SGX-ST immediately preceding the date of the Market Purchase by the Company or, as the case may be, the date of the making of the offer pursuant to the Off-Market Purchase, and deemed to be adjusted for any corporate action that occurs after the relevant five-day period; and

  • Minimum Trade Price means the lowest Spot Price of the Shares (subject to any adjustment to such Spot Price as may be necessary to reflect any event as contemplated in Product Condition 3 such as capitalisation, rights issue, distribution or the like) during the MCE Valuation Period;

  • Average Sale Price means the average of the Sale Prices of the Common Stock for the shorter of

  • Minimum Price shall have the meaning set forth in Section 7.2(b)(ii).

  • Initial Closing Price means the RI Closing Value of a Reference Item on the Strike Date

  • Net Invoice Price means the price paid by You for Your Vehicle including all factory fitted accessories and any discount given but excluding retailer fitted accessories, road fund licence, new vehicle registration fee, fuel, paintwork and / or upholstery protection kits, insurance premiums (including this Premium), warranty premiums and any such associated costs and any Negative Equity.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Ceiling Price means the maximum price a Contractor or a Subcontractor may charge for a Good or Service under this Participating Addendum.

  • Net Price means, with respect to the purchase of any Property, without duplication, (i) the aggregate purchase price paid as cash consideration for such purchase (without adjustment for prorations), including, without limitation, the principal amount of any note received or other deferred payment to be made in connection with such purchase (except as described in clause (ii) below) and the value of any non-cash consideration delivered in connection with such purchase (including, without limitation, shares or preferred shares of beneficial interest in General Partner and OP Units or Preferred OP Units (as defined in Borrower’s partnership agreement)) plus (ii) reasonable costs of sale and non-recurring taxes paid or payable in connection with such purchase or sale.

  • Minimum Transfer Amount means with respect to Party A: USD $100,000; provided, however, that if S&P is rating the Certificates and the aggregate Certificate Principal Balances of the rated Certificates falls below $50,000,000, then the Minimum Transfer Amount shall mean USD $50,000.

  • Minimum Selling Price Definition | Law Insider (2024)

    FAQs

    Minimum Selling Price Definition | Law Insider? ›

    Minimum Selling Price means the minimum sale price acceptable to the Authority. This price is based on current market value and sale price data.

    What is selling price minimum? ›

    The minimum selling price is used to prevent items from being sold with little or no margin. The minimum sell price can be defined as either a dollar amount or a percentage over base cost.

    What is minimum sale price? ›

    Minimum Sales Price means a gross sales price for a Home in an amount not less than a sum equal to the Release Price for such Home plus all other costs of the sale which are to be paid by Borrower.

    What is the concept of minimum price? ›

    A minimum price. A minimum price sets the lowest level that a good or service can legally be sold for. The desired effect is that consumption of the good will fall, resulting in a welfare gain to society.

    What is the acceptable selling price? ›

    Minimum acceptable selling price means a price established by the Department based upon the market value of the property as established by an appraisal or other means; plus, costs associated with preparing the property for and executing the sale, such as the costs of advertising, appraising, performing environmental ...

    What is the difference between price received and minimum selling price? ›

    This option is correct because producer surplus is the difference between the price received minus the minimum selling price. It means the producer surplus is obtained by the area of a triangle. It means the base and height are multiplied by half and a producer surplus is obtained.

    What is the minimum price and maximum price? ›

    What are Min Max Prices? Your minimum Price should be the lowest price you are willing to sell your product at when you take into account your various costs. Your Maximum Price should be a realistic price for your product but high enough to secure a good profit.

    How do you calculate minimum sales? ›

    To identify the sales figure you need to hit each month to produce enough profit to cover your operating expenses, divide your operating expenses by the Gross Profit Percentage.

    Who determines the minimum price? ›

    Price control is an economic policy imposed by governments that set minimums (floors) and maximums (ceilings) for the prices of goods and services in order to make them more affordable for consumers.

    What is a minimum price for a good or service? ›

    A price floor is a minimum price at which a product or service is permitted to sell. Many agricultural goods have price floors imposed by the government. The most important example of a price floor is the minimum wage. A price ceiling is a maximum price that can be charged for a product or service.

    Is minimum a price floor? ›

    Another type of price control is a price floor, which is a minimum legal price. A real world example of a price floor is a minimum wage. In this video we explore how a minimum wage might affect a perfectly competitive labor market.

    How do you define selling price? ›

    Selling price is the price that a customer pays to purchase a product or a commodity. It is a price above the cost price and includes a percentage of profit also. Cost price is the price at which the seller purchases the product or the commodity. He then adds a percentage of profit or gains to it.

    What is the difference between sales price and selling price? ›

    Sales is the amount of money that is exchanged between a buyer and seller for a product or service. Selling price is what a single inventory item is offered or sold at. If I owned a retail store, my 'sales' would be “X” for the month.

    What is the meaning of selling price? ›

    The selling price of something is the price for which it is sold. The difference between buying and selling prices is called the spread.

    How do you determine best selling price? ›

    Factors that determine the selling price

    The most important factor is likely to be the cost of the product itself. If it costs more to produce the item, you'll need to charge more to make a profit. Other essential factors include shipping and handling costs, as well as any taxes that may be applicable.

    Do homes usually sell for list price? ›

    In a buyer's market, many homes may sell below the listing price because inventory is higher or there is less demand in an area. In a seller's market, an owner may list a home at a higher price point and still end up with a selling price above the initial list price.

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