Define: Prevailing Market Price

How is Prevailing Market Price defined in a legal contract?

• Prevailing Market Price means the average of the daily market prices of the common stock for a set number [number] of business days ending on a certain business day before a given reference date. Seen in 17 SEC filings.
• Prevailing Market Price means the average of daily prices for a specific type of shares for a consecutive number [number] of trading days, accounting for any adjustments made for dividends, combinations, or reclassifications within the same period. Seen in 6 SEC filings.
• Prevailing Market Price means the average of the daily bid and asked prices for certain types of Notes during a number [number] of trading days prior to a certain filing date. The price must not be less than a certain percentage or exceed a certain percentage of the principal amount, plus any accrued and unpaid interest to the purchase date. Seen in 5 SEC filings.
• Prevailing Market Price means the best price available to a buyer, taking into account the type, reliability, and duration, among other attributes, of such energy or capacity. This price must be obtained through commercially reasonable efforts and should be documented. This definition holds until a mutually acceptable index or mechanism is agreed upon to serve as the Prevailing Market Price. Seen in 4 SEC filings.
• Prevailing Market Price means the published price in force in the market for goods sold at the time of sale. If no such price is published, it refers to the price at which these goods could be sold on the open market at that time. Seen in 3 SEC filings.
• Prevailing Market Price means the average of the Common Stock Volume Weighted Average Price (VWAP) on each of a consecutive number [number] of trading days ending on and including the trading day immediately preceding the date as of which the Prevailing Market Price is determined. Seen in 3 SEC filings.
• Prevailing Market Price means the price of an asset on a specified exchange prior to making a purchase or placing a purchase order. Seen in 3 SEC filings.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Prevailing Market Price means the average daily market price for a specified asset over a consecutive number [number] of trading days.

Relevant Contract Types

• Commodities Trading Agreement
• Purchase and Sale Agreement
• Futures Contract

Relevant Circumstances

• Commodity purchases
• Real estate transactions
• Stock purchases

Relevant Sectors

• Commodities Sector
• Real Estate Sector
• Financial Services Sector

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Genie Definition 2

Prevailing Market Price means the best available price for an asset, considering factors like type, reliability and duration.

Relevant Contract Types

• Asset Purchase Agreement
• Power Purchase Agreement

Relevant Circumstances

• Asset acquisitions
• Energy transactions

Relevant Sectors

• Energy Sector
• Equipment and Machinery Sector

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Genie Definition 3

Prevailing Market Price means the published or open market price at the time of trade of a specified asset.

Relevant Contract Types

• Equity Purchase Agreement
• Shareholder Agreement

Relevant Circumstances

• Equity sales
• Share transactions

Relevant Sectors

• Equity Investments Sector
• Stock Market Sector

Genie Definition 4

Prevailing Market Price means average of daily asset prices for a specified trading period.

Relevant Contract Types

• Currency Swap Agreement
• Derivatives Trading Contract

Relevant Circumstances

• Swap deals
• Derivative trading

Relevant Sectors

• Derivatives Sector
• Foreign Exchange Market

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