Common use of (b)(ii) Clause in Contracts

(b)(ii). The Corporate Units or the Treasury Units of the Holders who do not elect Fundamental Change Early Settlement in accordance with the foregoing provisions will continue to remain Outstanding and be subject to settlement on the Purchase Contract Settlement Date in accordance with the terms hereof. The Make‑Whole Share Amounts applicable to a Fundamental Change Early Settlement will be determined by reference to the table below, based on the date on which the Fundamental Change becomes effective (the “Effective Date”) and the price (the “Stock Price”) paid per share for Common Stock in such Fundamental Change, which will be (a) in the case of a Fundamental Change described in clause (ii) of the definition of such term and the holders of Common Stock receive only cash in such transaction, the Stock Price paid per share will be the cash amount paid per share; or (b) otherwise, the Stock Price paid per share will be the average of the Closing Prices 55 DB1/ 116094647.1 of the Common Stock on the 20 Trading Days prior to, but not including, the Effective Date of such Fundamental Change: Stock Price September 18, 2020 September 1, 2021 September 1, 2022 September 1, 2023 $25.00 0.2832 0.1839 0.0890 0.0000 $50.00 0.1336 0.0877 0.0431 0.0000 $100.00 0.0633 0.0420 0.0209 0.0000 $150.00 0.0389 0.0263 0.0135 0.0000 $250.00 0.0110 0.0052 0.0010 0.0000 $295.70 0.0000 0.0000 0.0000 0.0000 $325.00 0.0124 0.0072 0.0024 0.0000 $369.63 0.0251 0.0199 0.0142 0.0000 $400.00 0.0219 0.0168 0.0109 0.0000 $450.00 0.0178 0.0129 0.0072 0.0000 $500.00 0.0148 0.0103 0.0052 0.0000 $550.00 0.0125 0.0085 0.0041 0.0000 $600.00 0.0108 0.0072 0.0034 0.0000 The Stock Prices set forth in the first column of the table will be adjusted upon the occurrence of certain events requiring adjustments to each Fixed Settlement Rate pursuant to Section 5.6(a). Each of the Make‑Whole Share Amounts set forth in the table will be subject to adjustment in the same manner as the Fixed Settlement Rates as set forth in Section 5.6(a).

Appears in 1 contract

Samples: Purchase Contract Agreement (Florida Power & Light Co)

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(b)(ii). The Corporate Units or the Treasury Units of the Holders who do not elect Fundamental Change Early Settlement in accordance with the foregoing provisions will continue to remain Outstanding and be subject to settlement on the Purchase Contract Settlement Date in accordance with the terms hereof. The Make‑Whole Share Amounts applicable to a Fundamental Change Early Settlement will be determined by reference to the table below, based on the date on which the Fundamental Change becomes effective (the “Effective Date”) and the price (the “Stock Price”) paid per share for Common Stock in such Fundamental Change, which will be (a) in the case of a Fundamental Change described in clause (ii) of the definition of such term and the holders of Common Stock receive only cash in such transaction, the Stock Price paid per share will be the cash amount paid per share; or (b) otherwise, the Stock Price paid per share will be the average of the Closing Prices 55 DB1/ 116094647.1 of the Common Stock on the 20 twenty Trading Days prior to, but not including, the Effective Date of such Fundamental Change: Stock Price September 1825, 2020 2013 September 1, 2021 2014 September 1, 2022 2015 September 1, 2023 2016 $25.00 0.2832 0.1839 0.0890 20.00 0.1998 0.1385 0.0760 0.0000 $50.00 0.1336 0.0877 0.0431 40.00 0.0971 0.0676 0.0373 0.0000 $100.00 0.0633 0.0420 0.0209 60.00 0.0506 0.0368 0.0224 0.0000 $150.00 0.0389 0.0263 0.0135 70.00 0.0245 0.0162 0.0100 0.0000 $250.00 0.0110 0.0052 0.0010 0.0000 $295.70 80.00 0.0000 0.0000 0.0000 0.0000 $325.00 0.0124 0.0072 0.0024 82.70 0.0000 0.0000 0.0000 0.0000 $369.63 0.0251 0.0199 0.0142 85.00 0.0000 0.0000 0.0000 0.0000 $400.00 0.0219 0.0168 0.0109 90.00 0.0169 0.0095 0.0028 0.0000 $450.00 0.0178 0.0129 0.0072 95.00 0.0347 0.0264 0.0170 0.0000 $500.00 0.0148 0.0103 0.0052 99.24 0.0491 0.0401 0.0293 0.0000 $550.00 0.0125 0.0085 0.0041 100.00 0.0478 0.0388 0.0277 0.0000 $600.00 0.0108 0.0072 0.0034 110.00 0.0352 0.0263 0.0157 0.0000 $125.00 0.0277 0.0204 0.0123 0.0000 $150.00 0.0251 0.0185 0.0105 0.0000 $175.00 0.0228 0.0162 0.0088 0.0000 $200.00 0.0202 0.0140 0.0076 0.0000 The Stock Prices set forth in the first column of the table will be adjusted upon the occurrence of certain events requiring adjustments to each Fixed Settlement Rate pursuant to Section 5.6(a). Each of the Make‑Whole Share Amounts set forth in the table will be subject to adjustment in the same manner as the Fixed Settlement Rates as set forth in Section 5.6(a).

Appears in 1 contract

Samples: Purchase Contract Agreement (Nextera Energy Inc)

(b)(ii). The Corporate Units or the Treasury Units of the Holders who do not elect Fundamental Change Early Settlement in accordance with the foregoing provisions will continue to remain Outstanding and be subject to settlement on the Purchase Contract Settlement Date in accordance with the terms hereof. The Make‑Whole Make-Whole Share Amounts applicable to a Fundamental Change Early Settlement will be determined by reference to the table below, based on the date on which the Fundamental Change becomes effective (the “Effective Date”) and the price (the “Stock Price”) paid per share for Common Stock in such Fundamental Change, which will be (a) in the case of a Fundamental Change described in clause (ii) of the definition of such term and the holders of Common Stock receive only cash in such transaction, the Stock Price paid per share will be the cash amount paid per share; or (b) otherwise, the Stock Price paid per share will be the average of the Closing Prices 55 DB1/ 116094647.1 of the Common Stock on the 20 twenty Trading Days prior to, but not including, the Effective Date of such Fundamental Change: Stock Price September 18, 2020 September 1, 2021 September 1, 2022 September 1, 2023 . $25.00 0.2832 0.1839 0.0890 20.00 0.2450 0.1699 0.0876 0.0000 $30.00 0.1542 0.1083 0.0573 0.0000 $40.00 0.0892 0.0607 0.0339 0.0000 $50.00 0.1336 0.0877 0.0431 0.0308 0.0087 0.0000 0.0000 $100.00 0.0633 0.0420 0.0209 0.0000 $150.00 0.0389 0.0263 0.0135 0.0000 $250.00 0.0110 0.0052 0.0010 0.0000 $295.70 55.02 0.0000 0.0000 0.0000 0.0000 $325.00 0.0124 0.0072 0.0024 60.00 0.0572 0.0347 0.0121 0.0000 $369.63 0.0251 0.0199 0.0142 65.00 0.1011 0.0778 0.0508 0.0000 $400.00 0.0219 0.0168 0.0109 68.78 0.1299 0.1062 0.0766 0.0000 $450.00 0.0178 0.0129 0.0072 80.00 0.0987 0.0749 0.0433 0.0000 $500.00 0.0148 0.0103 0.0052 90.00 0.0795 0.0572 0.0288 0.0000 $550.00 0.0125 0.0085 0.0041 100.00 0.0660 0.0458 0.0218 0.0000 $600.00 0.0108 0.0072 0.0034 125.00 0.0464 0.0313 0.0153 0.0000 $150.00 0.0362 0.0246 0.0124 0.0000 $175.00 0.0299 0.0204 0.0104 0.0000 $200.00 0.0254 0.0175 0.0089 0.0000 The Stock Prices set forth in the first column of the table will be adjusted upon the occurrence of certain events requiring adjustments to each Fixed Settlement Rate pursuant to Section 5.6(a). Each of the Make‑Whole Share Amounts set forth in the table will be subject to adjustment in the same manner as the Fixed Settlement Rates as set forth in Section 5.6(a).

Appears in 1 contract

Samples: Purchase Contract Agreement (Nextera Energy Inc)

(b)(ii). The Corporate Units or the Treasury Units of the Holders who do not elect Fundamental Change Early Settlement in accordance with the foregoing provisions will continue to remain Outstanding and be subject to settlement on the Purchase Contract Settlement Date in accordance with the terms hereof. The Make‑Whole Share Amounts applicable to a Fundamental Change Early Settlement will be determined by reference to the table below, based on the date on which the Fundamental Change becomes effective (the “Effective Date”) and the price (the “Stock Price”) paid per share for Common Stock in such Fundamental Change, which will be (a) in the case of a Fundamental Change described in clause (ii) of the definition of such term and the holders of Common Stock receive only cash in such transaction, the Stock Price paid per share will be the cash amount paid per share; or (b) otherwise, the Stock Price paid per share will be the average of the Closing Prices 55 DB1/ 116094647.1 of the Common Stock on the 20 twenty Trading Days prior to, but not including, the Effective Date of such Fundamental Change: Stock Price September 18, 2020 September 1, 2021 September 1, 2022 September 1, 2023 $25.00 0.2832 0.1839 0.0890 0.0000 $$ 20.00 0.1602 0.0860 0.0327 — $ 30.00 0.1049 0.0561 0.0211 — $ 40.00 0.0765 0.0409 0.0154 — $ 50.00 0.1336 0.0877 0.0431 0.0000 $0.0537 0.0280 0.0108 — $ 60.00 0.0255 0.0064 — — $ 67.15 — — — — $ 70.00 0.0228 0.0047 — — $ 80.00 0.0816 0.0619 0.0430 — $ 80.58 0.0846 0.0647 0.0456 — $ 90.00 0.0632 0.0430 0.0223 — $ 100.00 0.0633 0.0420 0.0209 0.0000 $0.0479 0.0294 0.0121 — $ 125.00 0.0303 0.0171 0.0070 — $ 150.00 0.0389 0.0263 0.0135 0.0000 $250.00 0.0235 0.0133 0.0055 — $ 175.00 0.0194 0.0110 0.0052 0.0010 0.0000 $295.70 0.0000 0.0000 0.0000 0.0000 $325.00 0.0124 0.0072 0.0024 0.0000 $369.63 0.0251 0.0199 0.0142 0.0000 $400.00 0.0219 0.0168 0.0109 0.0000 $450.00 0.0178 0.0129 0.0072 0.0000 $500.00 0.0148 0.0103 0.0052 0.0000 $550.00 0.0125 0.0085 0.0041 0.0000 $600.00 0.0108 0.0072 0.0034 0.0000 0.0045 — $ 200.00 0.0164 0.0092 0.0038 — The Stock Prices set forth in the first column of the table will be adjusted upon the occurrence of certain events requiring adjustments to each Fixed Settlement Rate pursuant to Section 5.6(a). Each of the Make‑Whole Share Amounts set forth in the table will be subject to adjustment in the same manner as the Fixed Settlement Rates as set forth in Section 5.6(a).. If the Stock Price or Effective Date applicable to a Fundamental Change is not expressly set forth on the table, then the Make‑Whole Share Amount will be determined as follows:

Appears in 1 contract

Samples: Purchase Contract Agreement (Nextera Energy Inc)

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(b)(ii). The Corporate Units or the Treasury Units of the Holders who do not elect Fundamental Change Early Settlement in accordance with the foregoing provisions will continue to remain Outstanding and be subject to settlement on the Purchase Contract Settlement Date in accordance with the terms hereof. The Make‑Whole Share Amounts applicable to a Fundamental Change Early Settlement will be determined by reference to the table below, based on the date on which the Fundamental Change becomes effective (the “Effective Date”) and the price (the “Stock Price”) paid per share for Common Stock in such Fundamental Change, which will be (a) in the case of a Fundamental Change described in clause (ii) of the definition of such term and the holders of Common Stock receive only cash in such transaction, the Stock Price paid per share will be the cash amount paid per share; or (b) otherwise, the Stock Price paid per share will be the average of the Closing Prices 55 DB1/ 116094647.1 of the Common Stock on the 20 Trading Days prior to, but not including, the Effective Date of such Fundamental Change: 57 Stock Price September 18February 21, 2020 September March 1, 2021 September 1Xxxxx 0, 2022 September 0000 Xxxxx 1, 2023 $25.00 0.2832 0.1839 0.0890 0.1829 0.1540 0.0907 0.0000 $50.00 0.1336 0.0877 0.0431 0.0901 0.0761 0.0449 0.0000 $100.00 0.0633 0.0420 0.0209 0.0437 0.0372 0.0220 0.0000 $150.00 0.0389 0.0263 0.0135 0.0281 0.0242 0.0144 0.0000 $200.00 0.0186 0.0166 0.0104 0.0000 $250.00 0.0110 0.0052 0.0010 0.0083 0.0075 0.0046 0.0000 $295.70 282.04 0.0000 0.0000 0.0000 0.0000 $325.00 0.0124 0.0072 0.0024 300.00 0.0078 0.0064 0.0028 0.0000 $369.63 0.0251 0.0199 0.0142 325.00 0.0156 0.0136 0.0088 0.0000 $352.55 0.0228 0.0203 0.0145 0.0000 $400.00 0.0219 0.0168 0.0109 0.0165 0.0138 0.0081 0.0000 $450.00 0.0178 0.0129 0.0072 0.0123 0.0099 0.0054 0.0000 $500.00 0.0148 0.0103 0.0052 0.0000 $550.00 0.0125 0.0085 0.0041 0.0000 $600.00 0.0108 0.0072 0.0034 0.0097 0.0078 0.0044 0.0000 The Stock Prices set forth in the first column of the table will be adjusted upon the occurrence of certain events requiring adjustments to each Fixed Settlement Rate pursuant to Section 5.6(a). Each of the Make‑Whole Share Amounts set forth in the table will be subject to adjustment in the same manner as the Fixed Settlement Rates as set forth in Section 5.6(a).

Appears in 1 contract

Samples: Purchase Contract Agreement (Florida Power & Light Co)

(b)(ii). The Corporate Units or the Treasury Units of the Holders who do not elect Fundamental Change Early Settlement in accordance with the foregoing provisions will continue to remain Outstanding and be subject to settlement on the Purchase Contract Settlement Date in accordance with the terms hereof. The Make‑Whole Share Amounts applicable to a Fundamental Change Early Settlement will be determined by reference to the table below, based on the date on which the Fundamental Change becomes effective (the “Effective Date”) and the price (the “Stock Price”) paid per share for Common Stock in such Fundamental Change, which will be (a) in the case of a Fundamental Change described in clause (ii) of the definition of such term and the holders of Common Stock receive only cash in such transaction, the Stock Price paid per share will be the cash amount paid per share; or (b) otherwise, the Stock Price paid per share will be the average of the Closing Prices 55 DB1/ 116094647.1 of the Common Stock on the 20 twenty Trading Days prior to, but not including, the Effective Date of such Fundamental Change: Stock Price September 18, 2020 September 1, 2021 September 1, 2022 September 1, 2023 $25.00 0.2832 0.1839 0.0890 0.0000 $$ 20.00 0.1268 0.0861 0.0438 — $ 30.00 0.0826 0.0561 0.0285 — $ 40.00 0.0595 0.0406 0.0209 — $ 50.00 0.1336 0.0877 0.0431 0.0000 $0.0392 0.0261 0.0140 — $ 60.00 0.0130 0.0020 — — $ 64.35 — — — — $ 70.00 0.0455 0.0321 0.0175 — $ 77.22 0.0916 0.0760 0.0555 — $ 80.00 0.0843 0.0681 0.0462 — $ 90.00 0.0624 0.0456 0.0238 — $ 100.00 0.0633 0.0420 0.0209 0.0000 $0.0469 0.0316 0.0141 — $ 125.00 0.0273 0.0174 0.0083 — $ 150.00 0.0389 0.0263 0.0135 0.0000 $250.00 0.0110 0.0052 0.0010 0.0000 $295.70 0.0000 0.0000 0.0000 0.0000 $325.00 0.0124 0.0072 0.0024 0.0000 $369.63 0.0251 0.0199 0.0142 0.0000 $400.00 0.0219 0.0168 0.0109 0.0000 $450.00 0.0178 0.0129 0.0072 0.0000 $500.00 0.0148 0.0103 0.0052 0.0000 $550.00 0.0125 0.0085 0.0041 0.0000 $600.00 0.0108 0.0072 0.0034 0.0000 0.0197 0.0130 0.0066 — $ 175.00 0.0157 0.0106 0.0054 — $ 200.00 0.0131 0.0089 0.0045 — The Stock Prices set forth in the first column of the table will be adjusted upon the occurrence of certain events requiring adjustments to each Fixed Settlement Rate pursuant to Section 5.6(a). Each of the Make‑Whole Share Amounts set forth in the table will be subject to adjustment in the same manner as the Fixed Settlement Rates as set forth in Section 5.6(a).in

Appears in 1 contract

Samples: Purchase Contract Agreement (Nextera Energy Inc)