Cash Alternative Amount definition

Cash Alternative Amount means, in respect of each nominal amount of Equity Linked Notes equal to the Calculation Amount, an amount equal to the fair market value of such Equity Linked Notes (but not taking into account any interest accrued on such Equity Linked Note and paid pursuant to Condition 6 or Condition 8) on such day as shall be selected by the Issuer in its sole and absolute discretion provided that such day is not more than 15 days before the date that the Issuer elects to pay the Cash Alternative Amount in accordance with Physical Delivery Condition 18 less the cost to the Issuer and/or its Affiliates or agents of the Issuer of unwinding or adjusting any underlying or related hedging arrangements (including the cost of funding in respect of such hedging arrangements), all as calculated by the Calculation Agent in its sole and absolute discretion.

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Cash Alternative Amount means, in respect of any exercise of Conversion Rights in respect of which the Issuer shall have made a Cash Alternative Election, an amount in cash in euro (rounded to the nearest whole multiple of €0.01, with €0.005 being rounded upwards) calculated by the Calculation Agent in accordance with the following formula and which shall be payable by the Issuer to a Bondholder in respect of the relevant Cash Settled Shares specified in the relevant Cash Alternative Election Notice:

Cash Alternative Amount means, in respect of any exercise of Investor Cash Settlement Rights, an amount (rounded to nearest €0.01, with €0.005 rounded upwards) calculated by the Calculation Agent in accordance with the following formula and which shall be payable by the Issuer to a Bondholder in respect of the Reference Shares: CAA = the Cash Alternative Amount; S = the Reference Shares; Pn = the Volume Weighted Average Price of a Share on the nth Trading Day of the Cash Alternative Calculation Period; and N = 25, being the number of Trading Days in the Cash Alternative Calculation Period, provided that:

Examples of Cash Alternative Amount in a sentence

The Issuer will pay the Cash Alternative Amount, together with any other amount due in satisfaction of the relevant exercise of Investor Cash Settlement Rights, by not later than five Trading Days following the last day of the Cash Alternative Calculation Period by transfer to a euro account with a bank in a city in which banks have access to the TARGET System in accordance with instructions given by the relevant Bondholder in the relevant Conversion Notice.
These calculations include, but are not limited to, VWAP, the ADS Ratio, the Last Reported Sale Price of the ADSs, the Floor Price, the Floor Share Price, the Conversion Share Price, the Conversion Price, the Reference Conversion Price, the Cash Alternative Amount, the Fixed Price and any adjustment, including the determination of whether an adjustment needs to be made, under this Note.
For the avoidance of doubt, any portion of the principal amount of this Note which has been converted or which the Company has elected to settle by paying the Cash Alternative Amount or the Cash Settlement Amount shall not be deemed outstanding and will not be repayable by the Company.
Upon receiving a Conversion Notice, the Company may, at its sole option, make an election (the “Cash Alternative Election”) to satisfy the exercise of the Conversion Right in respect of such Conversion Notice, in whole and not in part, by paying the Cash Alternative Amount to such converting Holder.
Interest also includes the value of the existing Ordinary shares or the Cash Alternative Amount received by the Bondholder upon Conversion up to an amount equal to the difference between the total value received upon Conversion and the issue price of the Convertible Bond.

More Definitions of Cash Alternative Amount

Cash Alternative Amount means an amount in euro calculated by the Calculation Agent in accordance with the following formula and which shall be payable by the Issuer to a Bondholder in respect of the relevant Cash Settled Shares:

Cash Alternative Amount means, in respect of any exercise of Investor Cash Settlement Rights, an amount (rounded to nearest €0.01, with €0.005 rounded upwards) calculated by the Calculation Agent in accordance with the following formula and which shall be payable by the Issuer to a Bondholder in respect of the Reference Shares: where: CAA = the Cash Alternative Amount; S = the Reference Shares; Pn = the Volume Weighted Average Price of a Share on the nth Trading Day of the Cash Alternative Calculation Period translated, if not in euro, into euro at the Prevailing Rate on such Trading Day; and N = 25, being the number of Trading Days in the Cash Alternative Calculation Period, provided that:

Cash Alternative Amount means a sum in U.S. dollars equal to the arithmetic average of the Value on each Trading Day in the Cash Alternative Calculation Period of the relevant pro rata share of the Exchange Property which, had Cash Alternative Settlement not been applicable, would otherwise fall to be delivered to such Noteholder upon exercise of Exchange Rights in respect of the relevant Notes, all as determined by the Calculation Agent.

Cash Alternative Amount means a sum in euro equal to the average of the Value on each Trading Day in the Cash Alternative Calculation Period of the relevant pro rata share of the Exchange Property (or in the case of a partial exercise of the Cash Election, the relevant proportion of such pro rata share) which, had a Cash Election not been made, would otherwise fall to be delivered to such Bondholder upon exercise of Exchange Rights in respect of the relevant Bonds.

Cash Alternative Amount means a sum in euro (rounded to the nearest whole multiple of

Cash Alternative Amount means the product (rounded to the nearest full cent with EUR 0.005 being rounded upwards) of (x) the Current Market Value and (y) the number of undeliverable Public Shares.

Cash Alternative Amount means a sum in cash in euro (rounded to the nearest whole multiple of €0.01, with €0.005 rounded up) equal to the arithmetic average of the Value on each Trading Day in the Cash Alternative Averaging Period of the relevant Cash Settled Exchange Property, as calculated by the Calculation Agent or if any doubt shall arise as to the appropriate calculation of the Cash Alternative Amount to give the intended result, or if such amount cannot be so determined, the amount determined in such other manner as an Independent Adviser shall consider to be appropriate;