Common use of Daily Option Value Clause in Contracts

Daily Option Value. For any Valid Day, an amount equal to (i) the Option Entitlement on such Valid Day, multiplied by (ii)(A) the amount by which the Cap Price exceeds the Strike Price, if the Relevant Price on such Valid Day is equal to or greater than the Cap Price, (B) the amount by which such Relevant Price exceeds the Strike Price, if such Relevant Price is greater than the Strike Price but less than the Cap Price or (C) zero, if such Relevant Price is less than or equal to the Strike Price. In no event will the Daily Option Value be less than zero. Applicable Limit: For any Option, an amount of cash equal to the Applicable Percentage multiplied by the excess of (i) the aggregate of (A) the amount of cash delivered to the Holder of the related Convertible Note upon conversion of such Convertible Note and (B) the number of Shares, if any, delivered to the Holder of the related Convertible Note upon conversion of such Convertible Note, in each case, pursuant to the terms of the Indenture, multiplied by the Applicable Limit Price on the Settlement Date for such Option, over (ii) USD 1,000. Applicable Limit Price: On any day, the opening price as displayed under the heading “Op” on Bloomberg page GTLS <equity> (or its equivalent successor if such page is not available).

Daily Option Value. For any Valid Day, an amount equal to (i) the Option Entitlement on such Valid Day, multiplied by (ii)(Aii) (A) the amount by which the Cap Price exceeds the Strike Price, if lesser of the Relevant Price on such Valid Day is equal to or greater than and the Cap Price, less (B) the amount by which such Relevant Price exceeds the Strike Price, if such Relevant Price is greater than the Strike Price but less than on such Valid Day; provided that if the Cap Price or calculation contained in clause (Cii) above results in a negative number, the Daily Option Value for such Valid Day shall be deemed to be zero, if such Relevant Price is less than or equal to the Strike Price. In no event will the Daily Option Value be less than zero. Applicable Limit: For any Option, an amount of cash equal to the Applicable Percentage multiplied by the excess of (i) the aggregate of (A) the amount of cash delivered paid to the Holder of the related Convertible Note upon conversion of such Convertible Note and (B) the number of Shares, if any, delivered to the Holder of the related Convertible Note upon conversion of such Convertible Note, in each case, pursuant to the terms of the Indenture, Note multiplied by the Applicable Limit Price on the Settlement Date for such Option, over (ii) USD 1,000. Counterparty shall notify Dealer (which notice may, for the avoidance of doubt, be by email) of such amount of cash and number of Shares, if any, prior to the Settlement Date. Applicable Limit Price: On any day, the opening price as displayed under the heading “Op” on Bloomberg page GTLS MCHP <equity> (or its equivalent any successor if such page is not availablethereto).

Daily Option Value. For any Valid Day, an amount equal to (i) the Option Entitlement on such Valid Day, multiplied by (ii)(Aii) (A) the amount by which the Cap Price exceeds the Strike Price, if lesser of the Relevant Price on such Valid Day is equal to or greater than and the Cap Price, less (B) the amount by which such Relevant Price exceeds the Strike Price, if such Relevant Price is greater than the Strike Price but less than on such Valid Day; provided that if the Cap Price or calculation contained in clause (Cii) above results in a negative number, the Daily Option Value for such Valid Day shall be deemed to be zero, if such Relevant Price is less than or equal to the Strike Price. In no event will the Daily Option Value be less than zero. Applicable Limit: For any Option, an amount of cash equal to the Applicable Percentage multiplied by the excess of (i) the aggregate of (A) the amount of cash delivered cash, if any, paid to the Holder of the related Convertible Note upon conversion of such Convertible Note and (B) the number of Shares, if any, delivered to the Holder of the related Convertible Note upon conversion of such Convertible Note, in each case, pursuant to the terms of the Indenture, Note multiplied by the Applicable Limit Price on the Settlement Date for such Option, over (ii) USD 1,000. Applicable Limit Price: On any day, the opening price as displayed under the heading “Op” on Bloomberg page GTLS LYV <equity> (or its equivalent any successor if such page is not availablethereto).

Daily Option Value. For any Valid Day, an amount equal to (i) the Option Entitlement on such Valid Day, multiplied by (ii)(Aii) (A) the amount by which the Cap Price exceeds the Strike Price, if lesser of the Relevant Price on such Valid Day is equal to or greater than and the Cap Price, less (B) the amount by which such Relevant Price exceeds the Strike Price, if such Relevant Price is greater than the Strike Price but less than on such Valid Day; provided that if the Cap Price or calculation contained in clause (Cii) above results in a negative number, the Daily Option Value for such Valid Day shall be deemed to be zero, if such Relevant Price is less than or equal to the Strike Price. In no event will the Daily Option Value be less than zero. Applicable Limit: For any Option, an amount of cash equal to the Applicable Percentage multiplied by the excess of (i) the aggregate of (A) the amount of cash delivered cash, if any, paid to the Holder of the related Convertible Note upon conversion of such Convertible Note and (B) the number of Shares, if any, delivered to the Holder of the related Convertible Note upon conversion of such Convertible Note, in each case, pursuant to the terms of the Indenture, Note multiplied by the Applicable Limit Price on the Settlement Date for such Option, over (ii) USD 1,000. Applicable Limit Price: On any day, the opening price as displayed under the heading “Op” on Bloomberg page GTLS IMAX <equity> (or its equivalent any successor if such page is not availablethereto).

Daily Option Value. For any Valid Day, an amount equal to (i) the Option Entitlement on such Valid Day, multiplied by (ii)(Aii) (A) the amount by which the Cap Price exceeds the Strike Price, if lesser of the Relevant Price on such Valid Day is equal to or greater than and the Cap Price, less (B) the amount by which such Relevant Price exceeds the Strike Price, if such Relevant Price is greater than the Strike Price but less than on such Valid Day; provided that if the Cap Price or calculation contained in clause (Cii) above results in a negative number, the Daily Option Value for such Valid Day shall be deemed to be zero, if such Relevant Price is less than or equal to the Strike Price. In no event will the Daily Option Value be less than zero. Applicable Limit: For any Option, an amount of cash equal to the Applicable Percentage multiplied by the excess of (i) the aggregate of (A) the amount of cash delivered cash, if any, paid to the Holder of the related Convertible Note upon conversion of such Convertible Note and (B) the number of Shares, if any, delivered to the Holder of the related Convertible Note upon conversion of such Convertible Note, in each case, pursuant to the terms of the Indenture, Note multiplied by the Applicable Limit Price on the Settlement Date for such Option, over (ii) USD 1,000. Counterparty shall notify Dealer (which notice may, for the avoidance of doubt, be by email) of such amount of cash, if any, and number of Shares, if any, prior to the Settlement Date. Applicable Limit Price: On any day, the opening price as displayed under the heading “Op” on Bloomberg page GTLS ZNGA <equity> (or its equivalent any successor if such page is not availablethereto).