Common use of Cash Settlement Amount Clause in Contracts

Cash Settlement Amount. The Delivery Adjustment multiplied by the Number of Shares multiplied by the Final Price Delivery Date: Three (3) Exchange Business Days next following each Averaging Date Settlement Option: Party B may elect Physical or Cash Settlement (with respect to all or a portion of the Number of Shares) by delivering a written notice of such election to Party A on or prior to the Election Date. If Party B elects Physical or Cash Settlement with respect to a portion of the Number of Shares, (i) Party B will be deemed to elect the other Settlement Option with respect to the remainder of the Number of Shares, (ii) the Number of Shares for each settlement option shall be deemed to be the portion with respect to which such election was made and (iii) the Purchase Price shall be allocated between the settlement options proportionally to the Number of Shares for each settlement option. If Party B does not provide such notice, Physical Settlement shall apply if the Posted Collateral on the Election Date consists of a number of freely-tradable Shares equal to the Number of Shares in book entry form; otherwise, Cash Settlement shall apply.