Common use of Initial Settlement Clause in Contracts

Initial Settlement. On the third Trading Day immediately following the Purchase Date (the “Initial Settlement Date”), Citibank shall deliver to the Company, a number of Shares equal to the product of (i) 85% and (ii) the Number of Shares (the “Number of Initial Shares”), upon payment by the Company of the Purchase Price in U.S. dollars.

Appears in 3 contracts

Samples: Confidential Treatment (Lexmark International Inc /Ky/), Letter Agreement (Lexmark International Inc /Ky/), Letter Agreement (Lexmark International Inc /Ky/)

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Initial Settlement. On the third Trading Day immediately following the Purchase Date (the “Initial Settlement Date”), Citibank Citigroup shall deliver the Number of Initial Shares to the Company, a number of Shares equal to the product of (i) 85% and (ii) the Number of Shares (the “Number of Initial Shares”), upon payment by the Company of the Purchase Price in U.S. dollars. III.

Appears in 1 contract

Samples: Letter Agreement (United States Cellular Corp)

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