Common use of Combination Settlement Clause in Contracts

Combination Settlement. If Combination Settlement applies, Dealer will deliver to Counterparty, on the relevant Settlement Date, an amount of cash equal to the Cash Amount as specified under “Combination Amount” below and a number of Shares, if any, equal to the Share Amount as specified under “Combination Amount” below, rounded down to the nearest whole number, together with cash in lieu of any fractional Share eliminated by such rounding valued at the Relevant Price for the last Valid Day of the Settlement Averaging Period in respect of any Option exercised or deemed exercised hereunder. Combination Amount: In respect of any Option exercised or deemed exercised,