Exchange Procedure; Settlement Upon Exchange. (a) Subject to this Section 14.02, Section 14.01(b)(ii), Section 14.01(b)(iii), Section 14.01(b)(v), Section 14.03(b) and Section 14.07(a) and other than in connection with a Tax Extinguishment Event as set forth under Section 4.09(a), upon exchange of any Note, the Company shall, at its option, pay or deliver (or cause the payment or delivery of), as the case may be, to the exchanging Holder, in respect of each $1,000 principal amount of Notes being exchanged, cash (“Cash Settlement”), shares of Common Stock, together with cash, if applicable, in lieu of delivering any fractional share of Common Stock in accordance with subsection (j) of this Section 14.02 (“Physical Settlement”) or a combination of cash and shares of Common Stock, together with cash, if applicable, in lieu of delivering any fractional share of Common Stock in accordance with subsection (j) of this Section 14.02 (“Combination Settlement”), at its election, as set forth in this Section 14.02.
Appears in 4 contracts
Samples: Supplemental Indenture (Match Group, Inc.), Qualified Purchaser (Iac/Interactivecorp), Financeco (Iac/Interactivecorp)
Exchange Procedure; Settlement Upon Exchange. (a) Subject to this Section Section 14.02, Section Section 14.01(b)(ii), Section Section 14.01(b)(iii), Section Section 14.01(b)(v), Section Section 14.03(b) and Section Section 14.07(a) and other than in connection with a Tax Extinguishment Event as set forth under Section Section 4.09(a), upon exchange of any Note, the Company shall, at its option, pay or deliver (or cause the payment or delivery of), as the case may be, to the exchanging Holder, in respect of each $1,000 principal amount of Notes being exchanged, cash (“Cash Settlement”), shares of Common Stock, together with cash, if applicable, in lieu of delivering any fractional share of Common Stock in accordance with subsection (j(j) of this Section Section 14.02 (“Physical Settlement”) or a combination of cash and shares of Common Stock, together with cash, if applicable, in lieu of delivering any fractional share of Common Stock in accordance with subsection (j(j) of this Section Section 14.02 (“Combination Settlement”), at its election, as set forth in this Section Section 14.02.
Appears in 2 contracts
Samples: Supplemental Indenture (Match Group, Inc.), Supplemental Indenture (Match Group, Inc.)
