Share Settlement Election Sample Clauses

Share Settlement Election. Notwithstanding any provisions of this Condition 7 and subject to the Physical Settlement Date having occurred pursuant to Condition 6(a), the Issuer may elect to satisfy its obligation to redeem Bonds pursuant to Condition 7(a) by exercising its option (the “Share Settlement Election”) with respect to all, but not some only, of the Bonds to be redeemed on the Final Maturity Date, provided that (i) the Ordinary Shares are listed on Borsa Italiana or a stock exchange in an OECD State as at the date of the Share Settlement Election Notice (as defined below); (ii) the Free Float is not less than 15 per cent. of the issued and outstanding Ordinary Shares on each of the 10 consecutive dealing days ending on the dealing day prior to the date of the Share Settlement Election Notice; (iii) no Event of Default, or any event that with the passage of time would become an Event of Default, shall have occurred and be continuing as at the date of the relevant Share Settlement Election Notice; and (iv) no Offer is continuing on the date of the Share Settlement Election Notice. To exercise its Share Settlement Election, the Issuer shall give a notice to such effect (the “Share Settlement Election Notice”) to the Bondholders in accordance with Condition 16 and to the Trustee. Such Share Settlement Election Notice may be given not earlier than 60 dealing days prior to the Final Maturity Date and not later than the date which is, on such date, scheduled to be 28 dealing days prior to the Final Maturity Date. Where the Issuer shall have exercised the Share Settlement Election, the Issuer shall, in lieu of redeeming the relevant Bonds in cash on the Final Maturity Date, effect redemption in respect of each Bond by:
Sample 1
AutoNDA by SimpleDocs

Related to Share Settlement Election

  • The Settlement Fund 37. Releasors shall look solely to the Settlement Fund for settlement and satisfaction of all Released Claims against the DENSO Defendants and the Releasees, and shall have no other recovery against the DENSO Defendants or any other Releasee for any Released Claims.

  • Rollovers of Exxon Xxxxxx Settlement Payments If you receive a qualified settlement payment from Exxon Xxxxxx litigation, you may roll over the amount of the settlement, up to $100,000, reduced by the amount of any qualified Exxon Xxxxxx settlement income previously contributed to a Traditional or Xxxx XXX or eligible retirement plan in prior taxable years. You will have until your tax return due date (not including extensions) for the year in which the qualified settlement income is received to make the rollover contribution. To obtain more information on this type of rollover, you may wish to visit the IRS website at xxx.xxx.xxx.

  • Qualified Settlement Fund The Administrator shall establish a settlement fund that meets the requirements of a Qualified Settlement Fund (“QSF”) under US Treasury Regulation section 468B-1.

  • Termination of Settlement If the Settlement is terminated as provided in the Stipulation, the Settlement is not approved, or the Effective Date of the Settlement otherwise fails to occur, this Order shall be vacated, rendered null and void, and be of no further force and effect, except as otherwise provided by the Stipulation, and this Order shall be without prejudice to the rights of Lead Plaintiff, the other Settlement Class Members, and Defendants, and the Parties shall revert to their respective positions in the Action immediately prior to the execution of the Stipulation.

  • Payment of Settlement Amount (1) Within thirty (30) days of the Date of Execution, the Settling Defendants shall pay the Settlement Amount to Siskinds LLP, for deposit into the Trust Account.

  • Notice of Settlement Each Program Participant and her counsel shall provide the Claims Administrator and Organon’s counsel a copy of a letter or other communication (i) notifying each Governmental Payor identified pursuant to Section 9.01(B)(1) that a claim related to the Program Participant’s alleged use of NuvaRing has settled; and (ii) requesting a written response indicating whether each Governmental Payor holds any interest, including Liens and subrogation interests, related in any way to such Program Participant’s alleged use of NuvaRing and the claimed amount of any such interest.

  • THE SETTLEMENT BENEFITS What You Get

  • Notice of Possible Withholding Under FATCA The Issuer shall notify each Agent in the event that it determines that any payment to be made by an Agent under the Notes is a payment which could be subject to FATCA Withholding if such payment were made to a recipient that is generally unable to receive payments free from FATCA Withholding, and the extent to which the relevant payment is so treated, provided, however, that the Issuer’s obligation under this Clause 7.1.6 shall apply only to the extent that such payments are so treated by virtue of characteristics of the Issuer, the Notes, or both.

  • Payroll Deduction Schedule The Board will deduct the representation fee in equal installments, as nearly as possible, from the paychecks paid to each employee on the aforesaid list during the remainder of the membership year in question. The deductions will begin with the first paycheck paid:

  • Notice to Settlement Class Members 5.1 The Parties agree that the following Notice Program provides reasonable notice to the Settlement Class.

Time is Money Join Law Insider Premium to draft better contracts faster.