Common use of Forward Price Clause in Contracts

Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: $64.4356 per Share.

Appears in 5 contracts

Samples: Confirmation (Xcel Energy Inc), Confirmation (Xcel Energy Inc), Confirmation (Xcel Energy Inc)

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Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, date minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: USD $64.4356 27.02 per Share.

Appears in 4 contracts

Samples: Confirmation (PPL Corp), Confirmation (PPL Corp), Confirmation (PPL Corp)

Forward Price. On the Effective Date, the Initial Forward Price, and on any other dayday thereafter, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: $64.4356 40.0125 per Share.

Appears in 4 contracts

Samples: Confirmation (New Jersey Resources Corp), Confirmation (New Jersey Resources Corp), Confirmation Agreement (New Jersey Resources Corp)

Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, (1) the Forward Price as of the immediately preceding calendar day multiplied by (2) the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: $64.4356 64.505 per Share.

Appears in 4 contracts

Samples: Forward Confirmation (Pinnacle West Capital Corp), Forward Confirmation (Pinnacle West Capital Corp), Forward Confirmation (Pinnacle West Capital Corp)

Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, date minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: USD $64.4356 64.66 per Share.

Appears in 3 contracts

Samples: Confirmation (Developers Diversified Realty Corp), Confirmation (Developers Diversified Realty Corp), Confirmation (Developers Diversified Realty Corp)

Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, date minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: $64.4356 USD 18.57625 per Share.

Appears in 2 contracts

Samples: Confirmation (Pepco Holdings Inc), Confirmation (Pepco Holdings Inc)

Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: $64.4356 USD 29.76 per Share.

Appears in 2 contracts

Samples: Confirmation (Corporate Office Properties Trust), Confirmation (Corporate Office Properties Trust)

Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such dayday (the resulting product being the “Accreted Forward Price”); provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Accreted Forward Price otherwise in effect on such date, date minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: USD $64.4356 24.303125 per Share.

Appears in 2 contracts

Samples: Confirmation (American Equity Investment Life Holding Co), Confirmation (American Equity Investment Life Holding Co)

Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: $64.4356 62.69 per Share.

Appears in 2 contracts

Samples: Confirmation (Xcel Energy Inc), Confirmation (Xcel Energy Inc)

Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: $64.4356 49.00 per Share.

Appears in 2 contracts

Samples: Confirmation (Xcel Energy Inc), Confirmation (Xcel Energy Inc)

Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: $64.4356 per Share.

Appears in 2 contracts

Samples: Underwriting Agreement (Corporate Office Properties Trust), Underwriting Agreement (Hawaiian Electric Industries Inc)

Forward Price. On the Effective Date, the Initial Forward Price, and on any other dayday thereafter, the product of the Forward Price as of on the immediately preceding calendar day multiplied by the sum of (i) and 1 and (ii) + the Daily Rate for such day* (1/365); provided that the Forward Price on each Forward Price Reduction Date, the Forward Price in effect on such date Date shall be the Forward Price otherwise in effect on such date, date minus the Forward Price Reduction Amount per Share for such Forward Price Reduction Date. Initial Forward Price: $64.4356 USD 17.04 per Share.

Appears in 2 contracts

Samples: Confirmation Agreement (Independence Realty Trust, Inc.), Confirmation Agreement (Independence Realty Trust, Inc.)

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Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: $64.4356 USD 63.71 per Share.

Appears in 1 contract

Samples: Confirmation of Registered Forward Transaction (Ventas, Inc.)

Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: USD $64.4356 13.58 per Share.

Appears in 1 contract

Samples: Confirmation (Fifth Third Bancorp)

Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, date minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: USD $64.4356 [__.__] per Share.Share.1

Appears in 1 contract

Samples: Underwriting Agreement (Scana Corp)

Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: USD $64.4356 25.74688 per Share.

Appears in 1 contract

Samples: Confirmation (Hawaiian Electric Industries Inc)

Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: $64.4356 USD 40.01 per Share.

Appears in 1 contract

Samples: Confirmation of Transaction (OHI Healthcare Properties Limited Partnership)

Forward Price. On the Effective Date, the Initial Forward Price, and on any other dayday thereafter, the product of the Forward Price as of on the immediately preceding calendar day multiplied by the sum of (i) and 1 and (ii) + the Daily Rate for such day* (1/365); provided that the Forward Price on each Forward Price Reduction Date, the Forward Price in effect on such date Date shall be the Forward Price otherwise in effect on such date, date minus the Forward Price Reduction Amount per Share for such Forward Price Reduction Date. Initial Forward Price: $64.4356 USD 14.688 per Share. Daily Rate: For any day, the Overnight Bank Funding Rate minus the Spread.

Appears in 1 contract

Samples: Confirmation Agreement (Independence Realty Trust, Inc.)

Forward Price. On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 and (ii) the Daily Rate for such day; provided that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date. Initial Forward Price: $64.4356 21.47125 per Share.

Appears in 1 contract

Samples: Registered Forward Transaction (South Jersey Industries Inc)

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