Option Cash Settlement Amount. For any Exercise Date, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii) the excess of the VWAP Price on the Valuation Date occurring in respect of such Exercise Date over the Strike Price (or, if there is no such excess, zero). Adjustments: In respect of any Component: Method of Adjustment: Calculation Agent Adjustment; provided that the parties agree that open market Share repurchases through a dealer pursuant to accelerated share repurchases, forward contracts or similar transactions (including without limitation any discount to average VWAP Prices) that are entered into at prevailing market prices and in accordance with customary market terms for transactions of such type to repurchase Shares shall not be considered Potential Adjustment Events as long as the number of Shares so repurchased does not in the aggregate with all such other repurchases prior to the last Expiration Date exceed 15% of the total number of Shares outstanding as disclosed in Issuer’s most recent annual report filed on Form 10-K with the Securities and Exchange Commission at the time of such repurchase, as determined by Calculation Agent in a commercially reasonable manner. For the avoidance of doubt, Calculation Agent Adjustment shall continue to apply until the obligations of the parties (including any obligations of Issuer pursuant to Section 8(f) below) under the Transaction have been satisfied in full. Extraordinary Dividend: Any dividend or distribution on the Shares (other than any dividend or distribution of the type described in Section 11.2(e)(i) or Section 11.2(e)(ii)(A) of the Equity Definitions). Extraordinary Events: New Shares: In the definition of New Shares in Section 12.1(i) of the Equity Definitions, the text in clause (i) thereof shall be deleted in its entirety and replaced with “publicly quoted, traded or listed on any of The New York Stock Exchange, The NASDAQ Global Market or The NASDAQ Global Select Market (or their respective successors). Consequences of Merger Events:
Option Cash Settlement Amount. For any Exercise Date, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii) the excess of the Settlement Price on the Valuation Date occurring in respect of such Exercise Date over the Strike Price (or, if there is no such excess, zero).
Option Cash Settlement Amount. For any Exercise Date, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii) (A) the excess of the VWAP Price on the Valuation Date occurring on such Exercise Date over (B) the Strike Price (or, if there is no such excess, zero). Adjustments: In respect of any Component: Method of Adjustment: Calculation Agent Adjustment; provided that in respect of an Extraordinary Dividend, “Calculation Agent Adjustment” shall be as described in the provision below. For the avoidance of doubt, Calculation Agent Adjustment (including, without limitation, in respect of Extraordinary Dividends) shall continue to apply until the obligations of the parties (including any obligations of Issuer pursuant to Section 8(e) below) under the Transaction have been satisfied in full. Extraordinary Dividend: Any cash dividend or distribution on the Shares with an ex-dividend date occurring on or after the Trade Date and on or prior to the Expiration Date (or, if any Deficit Shares are owed pursuant to Section 8(e) below, such later date on which Issuer’s obligations under this Transaction have been satisfied in full).
Examples of Option Cash Settlement Amount in a sentence
In no event will the Option Cash Settlement Amount be less than zero.
Cash Settlement Payment Date: For any Component, the Valuation Date for such Component (or, if later, the firstCurrency Business Day (the “Cash Prepayment Date”) on which Counterparty has received notice of the relevant Option Cash Settlement Amount by 11:00 a.m., Abu Dhabi time); provided that, if Alternative Settlement below applies in respect of such Component, the Cash Settlement Payment Date shall be postponed to the date that is one Settlement Cycle immediately following such Valuation Date.
Use “Cross-Currency” when trade is not settled in Reference Currency, Option Cash Settlement Amount is converted into the Settlement Currency on the Valuation Date.
Cash Settlement: In lieu of Section 8.1 of the Equity Definitions, if Cash Settlement applies, on the Cash Settlement Payment Date, Counterparty will pay to Dealer the Repayment Amount plus an amount in USD equal to the Option Cash Settlement Amount, or if the Option Cash Settlement Amount is negative, the Repayment Amount less the absolute value of the Option Cash Settlement Amount (the “Cash Settlement Amount”).
Number of Shares to be Delivered: The quotient of (i) the Option Cash Settlement Amount plus the Repayment Amountdivided by (ii) the Settlement Price.
More Definitions of Option Cash Settlement Amount
Option Cash Settlement Amount. For any Cash Settlement Payment Date, an amount in cash equal to the product of (i) the Number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Warrant Entitlement and (iii) the Strike Price Differential for the relevant Valuation Date. Cash Settlement Payment Date: The third Currency Business Day after the relevant Valuation Date.
Option Cash Settlement Amount. For any Exercise Date, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii) the excess of the VWAP Price on the Valuation Date occurring on such Exercise Date over the Strike Price (or, if there is no such excess, zero). Adjustments: In respect of any Component: Method of Adjustment: Calculation Agent Adjustment; provided that customary share repurchases based on market prices whether executed on an exchange or off market or in block transactions shall not be considered Potential Adjustment Events (for the avoidance of doubt, accelerated share repurchases or other similar structured buyback transactions are outside this exception).
Option Cash Settlement Amount means in respect of both Options: • if the Settlement Price is less than or equal to the Put Strike Price, (a) the Settlement Price minus the Put Strike Price multiplied by (b) the Number of Shares for such Component; • if the Settlement Price is greater than the Put Strike Price but less than or equal to the Call Strike Price, zero • if the Settlement Price is greater than the Call Strike Price, (a) the Settlement Price minus the Call Strike Price multiplied by (b) the Number of Shares for such Component. Physical Settlement: In lieu of Section 9.1 of the Equity Definitions, if Physical Settlement applies, on the Settlement Date, Counterparty will deliver to Dealer a number of Shares equal to the Number of Shares to be Delivered. Number of Shares to be Delivered: The quotient of (i) the Option Cash Settlement Amount plus the Repayment Amount divided by (ii) the Settlement Price. Settlement Date: For any Component, the date that is one Settlement Cycle immediately following the Valuation Date for such Component. Cash Settlement Payment Date: For any Component, the Valuation Date for such Component (or, if later, the first Currency Business Day (the “Cash Prepayment Date”) on which Counterparty has received notice of the relevant Option Cash Settlement Amount by 11:00 a.m., Abu Dhabi time); provided that, if Alternative Settlement below applies in respect of such Component, the Cash Settlement Payment Date shall be postponed to the date that is one Settlement Cycle immediately following such Valuation Date. Any payment made on the Cash Prepayment Date will be made to the Collateral Account and may be appropriated or set off by the Dealer on the Cash Settlement Payment Date to satisfy and discharge the equivalent obligation of the Counterparty to pay the Cash Settlement Amount. The Counterparty shall pay on the Cash Settlement Payment Date, to the extent there is a shortfall, cash in USD in respect of such Component.
Option Cash Settlement Amount. For any Exercise Date, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii) the excess of the VWAP Price on the Valuation Date occurring in respect of such Exercise Date over the Strike Price (or, if there is no such excess, zero). Adjustments: In respect of any Component: Method of Adjustment: Calculation Agent Adjustment Extraordinary Dividend: Any Dividend that has an ex-dividend date occurring on or after the Trade Date and on or prior to the date on which Issuer satisfies all of its delivery obligations hereunder.
Option Cash Settlement Amount means an amount calculated by the Bank equal to the number of options exercised or deemed exercised multiplied by the Option Entitlement multiplied by the Strike Price Differential;
Option Cash Settlement Amount. For each Exercisable Option exercised or deemed exercised hereunder, an amount equal to the product of (x) the Cash Settlement Percentage and (y) (i) the Option Entitlement multiplied by (ii) the sum of, for each Valid Day during the Settlement Averaging Period, the quotient of the Strike Price Differential for such day and the number of Valid Days in such Settlement Averaging Period. Strike Price Differential: For each day during the Settlement Averaging Period, the lesser of:
Option Cash Settlement Amount. For any Exercise Date, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii) (A) the excess of the VWAP Price on the Valuation Date occurring on such Exercise Date over the Strike Price (or, if there is no such excess, zero). Adjustments: In respect of any Component: Method of Adjustment: Calculation Agent Adjustment; provided that the parties agree that open market Share repurchases at prevailing market prices or accelerated share repurchases, forward contracts or similar transactions on customary terms (including without limitation any discount to average VWAP prices) shall not be considered Potential Adjustment Events. Extraordinary Dividend: Any Dividend (i) that has an ex-dividend date occurring on or after the Trade Date and on or prior to the date on which Issuer satisfies all of its delivery obligations hereunder and (ii) the amount or value of which differs from the Ordinary Dividend Amount for such Dividend, as determined by the Calculation Agent.