definiens: shall mean, for any Trading Day, the applicable price of Buyer Common Stock as detelTIlined by the first of the following clauses that applies : ( i ) if the Buyer Common Stock is then listed or quoted on an Exchange, the daily volume weighted average price of the Buyer Common Stock for such Trading Dayan the Exchange on which the Buyer Common Stock is then listed or quoted as reported by Bloomberg L.P. ( or any organization or agency succeeding its functions of reporting prices ) ; ( ii ) if the Buyer Common Stock is not then listed or quoted on an Exchange, but if prices for the Buyer Common Stock are then listed or quoted on the OTC Bulletin Board, the volume weighted average price of the Buyer Common Stock for such Trading Dayan the OTC Bulletin Board ; ( iii ) if the Buyer Stock is not then listed or quoted on the OTC Bulletin Board, but if prices for the Buyer Common Stock are then reported by Pink OTC Markets Inc. ( or any similar organization or agency succeeding its functions of reporting prices ), the most recent bid price per share of the Buyer Common Stock so reported ; or ( iv ) in all other cases, the fair market value of a share of Buyer Common Stock as detelTIlined in good faith by the board of directors of Buyer