Common use of Physical Settlement Clause in Contracts

Physical Settlement. Notwithstanding anything to the contrary in the Equity Definitions, means that Counterparty has elected to deliver only Shares to satisfy the Conversion Obligation (as defined in the Supplemental Indenture) in connection with the conversion of the Relevant Convertible Notes.

Appears in 4 contracts

Samples: Convertible Bond Hedge Transaction (Textron Inc), Additional Convertible Bond Hedge Transaction (Textron Inc), Convertible Bond Hedge Transaction (Textron Inc)

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Physical Settlement. Notwithstanding anything to the contrary in the Equity Definitions, means that Counterparty has elected to deliver only Shares to satisfy the Conversion Obligation (as defined in the Supplemental Indenture) in connection with the conversion of the Relevant Convertible Notes.

Appears in 3 contracts

Samples: Convertible Bond Hedge Transaction Agreement (Sba Communications Corp), Convertible Bond Hedge Transaction (Sba Communications Corp), Convertible Bond Hedge Transaction (Sba Communications Corp)

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