Common use of Delivery of Cash Clause in Contracts

Delivery of Cash. For the avoidance of doubt, nothing in this Confirmation shall be interpreted as requiring Party B to deliver cash in respect of the settlement of the Transaction, except (i) as set forth under “Extraordinary Dividends” above or (ii) in circumstances where the cash settlement thereof is within Party B’s control (including, without limitation, where Party B so elects to deliver cash or fails timely to deliver Shares in respect of such settlement). For the avoidance of doubt, the preceding sentence shall not be construed as limiting any damages that may be payable by Party B as a result of a breach of or an indemnity under this Confirmation or the Agreement.

Appears in 8 contracts

Samples: Confirmation of Additional Forward Stock Sale Transaction (Westar Energy Inc /Ks), Confirmation of Additional Forward Stock Sale Transaction (Westar Energy Inc /Ks), Confirmation of Forward Stock Sale Transaction (Westar Energy Inc /Ks)

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Delivery of Cash. For the avoidance of doubt, nothing in this Confirmation shall be interpreted as requiring Party B to deliver cash in respect of the settlement of the this Transaction, except (i) as set forth under “Extraordinary Dividends” above or (ii) in circumstances where the cash settlement thereof is within Party B’s control (including, without limitation, where Party B so elects to deliver cash or fails timely to deliver Shares in respect of such settlement). For the avoidance of doubt, the preceding sentence shall not be construed as limiting any damages that may be payable by Party B as a result of a breach of or an indemnity under this Confirmation or the Agreement.

Appears in 2 contracts

Samples: Confirmation of Forward Stock Sale Transaction (Westar Energy Inc /Ks), Confirmation of Additional Forward Stock Sale Transaction (Westar Energy Inc /Ks)

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