Common use of Hedge Completion Date Clause in Contracts

Hedge Completion Date. The earliest of (i) the date specified in writing as the Hedge Completion Date by Counterparty on or before such specified Hedge Completion Date, (ii) any Settlement Date and (iii) [●], 20[●]. Promptly after the Hedge Completion Date, Dealer will furnish Counterparty with a pricing supplement (the “Pricing Supplement”) substantially in the form of Annex B hereto specifying the Number of Shares as of the Hedge Completion Date (the “Initial Number of Shares”), the Initial Forward Price and the Spread, all determined in accordance with the terms hereof. Initial Forward Price: [●]%1 of the Adjusted Volume-Weighted Hedge Price. Adjusted Volume-Weighted Hedge Price: The volume weighted average price at which the Shares are sold through the Agent acting as forward seller for Dealer pursuant to the Sales Agency Agreement during the period from and including the Trade Date through and including the Hedge Completion Date (adjusted as the Calculation Agent determines appropriate to (i) reflect on each day during such period the sum of 1 and the Daily Rate for such day multiplied by the then-Initial Forward Price as of such day and (ii) reduce the then-Initial Forward Price by the relevant Forward Price Reduction Amount on each Forward Price Reduction Date occurring on or before the Hedge Completion Date) (such period, the “Initial Hedge Period”). Maturity Date: [●], 20[●] (or, if such date is not a Clearance System Business Day, the next following Clearance System Business Day).

Appears in 1 contract

Samples: Sales Agency Agreement (Dominion Energy, Inc)

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Hedge Completion Date. The earliest of (i) the date specified in writing as the Hedge Completion Date by Counterparty on or before such specified Hedge Completion DateCounterparty, (ii) any Settlement Date and Date, (iii) the date on which the Agent shall have completed the sale of the Number of Shares as set forth in the Forward Placement Notice, and (iv) [●], 20[●DATE]. Promptly after the Hedge Completion Date, Dealer will furnish Counterparty with a pricing supplement (the “Pricing Supplement”) substantially in the form of Annex B A hereto specifying the Number of Shares as of the Hedge Completion Date (the “Initial Number of Shares”), the Initial Forward Price and the SpreadFinal Date, all determined in accordance with the terms hereof. Initial Forward Price: [*]%1 % of the Adjusted Volume-Weighted Hedge Price. Adjusted Volume-Weighted Hedge Price: The volume weighted average price at which the Shares are sold through the Agent acting as forward seller for Dealer pursuant to the Sales Agency Equity Distribution Agreement (assuming that the Agent sold such Shares in a commercially reasonable manner that reflects prevailing market prices) during the period from and including the Trade Date through and including the Hedge Completion Date (Date, adjusted as by the Calculation Agent determines appropriate in a commercially reasonable manner to (ix) reflect on each day during such period (i) the sum of 1 and the Daily Rate for such day multiplied by the then-Initial Forward Price as of such day and (ii) the number of Shares sold and settled on or prior to such day and (y) reduce the then-Initial Forward Price by the relevant Forward Price Reduction Amount on each Forward Price Reduction Date occurring on or before the Hedge Completion Date. Forward Price: (a) (such periodOn the Hedge Completion Date, the Initial Hedge Period”). Maturity Date: [●], 20[●] (or, if such date is not a Clearance System Business Day, the next following Clearance System Business Day).Forward Price; and

Appears in 1 contract

Samples: Equity Distribution Agreement (Extra Space Storage LP)

Hedge Completion Date. The earliest of (i) the date specified in writing as the Hedge Completion Date by Counterparty on or before such specified Hedge Completion DateCounterparty, (ii) any Settlement Date and (iii) [●], 20[●DATE]. Promptly after the Hedge Completion Date, Dealer will furnish Counterparty with a pricing supplement (the “Pricing Supplement”) substantially in the form of Annex B A hereto specifying the Number of Shares as of the Hedge Completion Date (the “Initial Number of Shares”), the Initial Forward Price and the SpreadFinal Date, all determined in accordance with the terms hereof. Initial Forward Price: [*]%1 % of the Adjusted Volume-Weighted Hedge Price. Adjusted Volume-Weighted Hedge Price: The volume weighted average price at which the Shares are sold through the Agent acting as forward seller for Dealer pursuant to the Sales Agency Equity Distribution Agreement (assuming the Agent sold such Shares in a commercially reasonable manner that reflects prevailing market prices) during the period from and including the Trade Date through and including the Hedge Completion Date (Date, adjusted as by the Calculation Agent determines appropriate in a commercially reasonable manner to (i) reflect on each day during such period the sum of 1 and the Daily Rate for such day multiplied by the then-Initial Forward Price as of such day and (ii) reduce the then-Initial Forward Price by the relevant Forward Price Reduction Amount on each Forward Price Reduction Date occurring on or before the Hedge Completion Date. Forward Price: (a) (such periodOn the Hedge Completion Date, the Initial Hedge Period”). Maturity Date: [●], 20[●] (or, if such date is not a Clearance System Business Day, the next following Clearance System Business Day).Forward Price; and

Appears in 1 contract

Samples: Equity Distribution Agreement (Spirit Realty, L.P.)

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Hedge Completion Date. The earliest of (i) the date specified in writing as the Hedge Completion Date by Counterparty on or before such specified Hedge Completion DateCounterparty, (ii) any Settlement Date and Date, (iii) the date on which the Agent shall have completed the sale of the Number of Shares as set forth in the Transaction Notification, and (iv) [●], 20[●DATE]. Promptly after the Hedge Completion Date, Dealer will furnish Counterparty with a pricing supplement (the “Pricing Supplement”) substantially in the form of Annex B A hereto specifying the Number of Shares as of the Hedge Completion Date (the “Initial Number of Shares”), the Initial Forward Price and the SpreadFinal Date, all determined in accordance with the terms hereof. Initial Forward Price: [*]%1 % of the Adjusted Volume-Weighted Hedge Price. Adjusted Volume-Weighted Hedge Price: The volume weighted average price at which the Shares are sold through the Agent acting as forward seller for Dealer pursuant to the Equity Sales Agency Agreement (assuming that the Agent sold such Shares in a commercially reasonable manner that reflects prevailing market prices) during the period from and including the Trade Date through and including the Hedge Completion Date (Date, adjusted as by the Calculation Agent determines appropriate in a commercially reasonable manner to (ix) reflect on each day during such period (i) the sum of 1 and the Daily Rate for such day multiplied by the then-Initial Forward Price as of such day and (ii) the number of Shares sold on or prior to such day and (y) reduce the then-Initial Forward Price by the relevant Forward Price Reduction Amount on each Forward Price Reduction Date occurring on or before the Hedge Completion Date. Forward Price: (a) (such periodOn the Hedge Completion Date, the Initial Hedge Period”). Maturity Date: [●], 20[●] (or, if such date is not a Clearance System Business Day, the next following Clearance System Business Day).Forward Price; and

Appears in 1 contract

Samples: Equity Offering Sales Agreement (Essential Properties Realty Trust, Inc.)

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