Forward definition
Examples of Forward in a sentence
Promptly after the Hedge Completion Date, Dealer will furnish Counterparty with a Pricing Supplement specifying for the relevant Transaction the Number of Shares as of the Hedge Completion Date (the “Initial Number of Shares”), the Initial Forward Price and the Final Date, all determined in accordance with the terms hereof.
Xxxxxxx FROM: [ ] SUBJECT: Registered Forward Transactions NUMBER(S): [ ] Ladies and Gentlemen: The purpose of this Pricing Supplement is to notify you of certain terms of the above-referenced Transaction entered into between [ ] (“Dealer”) and Affiliated Managers Group, Inc.
Physical Settlement Amount: For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the applicable Forward Price in effect on the relevant Settlement Date and (b) the Settlement Shares for such Settlement Date.
For each Agency Forward, the earliest of (i) the date specified in writing as the Hedge Completion Date in the Instruction for such Transaction by Counterparty, (ii) any Settlement Date for such Transaction and (iii) the last Scheduled Trading Day of the calendar quarter in which the Trade Date for such Transaction occurs.
In connection therewith, the Company and the relevant Forward Purchaser understand that such Forward Purchaser or its affiliate, through the related Forward Seller, will effect sales of Shares not in excess of the Maximum Program Amount on the terms set forth in Section 2 of this Agreement.