Common use of Notice of Calculation of Exchange Consideration Clause in Contracts

Notice of Calculation of Exchange Consideration. If Cash Settlement or Combination Settlement applies to the Exchange of any Note, then the Company will determine the Exchange Consideration due thereupon promptly following the last VWAP Trading Day of the applicable Observation Period and will promptly thereafter send notice to the Trustee and the Exchange Agent of the same and the calculation thereof in reasonable detail. Neither the Trustee nor the Exchange Agent will have any duty to make any such determination.

Notice of Calculation of Exchange Consideration. If Cash Settlement or Combination Settlement applies to the Exchange exchange of any Note, then the Company will determine the Exchange Consideration due thereupon promptly following the last VWAP Trading Day of the applicable Observation Period and will promptly thereafter thereafter, and in any event within one (1) Business Day following the last day of the Observation Period, send notice to the Trustee and the Exchange Agent of the same and the calculation thereof in reasonable detaildetail or in such detail as requested by the Depositary. Neither the Trustee nor the Exchange Agent will have any duty to make any such determination.