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Cooling-Off Period
(redirected from Twenty-day period)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

An interval of time during which no action of a specific type can be taken by either side in a dispute. An automatic delay in certain jurisdictions, apart from ordinary court delays, between the time when Divorce papers are filed and the divorce hearing takes place. An amount of time within which a buyer is permitted to cancel a contract for the purchase of consumer goods—designed to effect Consumer Protection. A number of states require that a three-day cancellation period must be allowed purchasers following door-to-door sales.

A cooling-off period is frequently used in labor disputes. There might, for example, be a period of one month following the filing of a grievance by a union or company against the other, during which neither the union nor the company is allowed to take retaliatory actions against each other.



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The amount of ViryaNet Ordinary Shares issued, as part of the stock consideration, will be determined using the average closing price per share for the twenty-day period prior to the date of the closing of the acquisition, provided that ViryaNet shall not be required to issue as part of the acquisition a number of Ordinary Shares exceeding 19.
The total value at closing may rise or fall based on the average per share price of Interchange stock for a twenty-day period prior to closing.
52 per share for the twenty-day period through and including September 25, 2002.
 
 
 
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