Examples of Hedging Completion Date in a sentence
The Seller will, on the first Business Day immediately following the Hedging Completion Date, have the free and unqualified right to transfer the Number of Shares of Common Stock to be delivered by the Seller pursuant to Section 2.01(a) hereof, free and clear of any security interest, mortgage, pledge, lien, charge, claim, equity or encumbrance of any kind.
Hedge Period: The period beginning on the Hedging Initiation Date and ending on the Hedging Completion Date.
On the first Business Day immediately following the Hedging Completion Date, the Seller shall deliver to the Purchaser the number of shares of Common Stock equal to the excess, if any, of the Minimum Delivery Number over the Initial Number of Shares.
On the first Exchange Business Day immediately following the Hedging Completion Date (as defined in Schedule A), MLI will deliver the Initial Shares to Counterparty.
For the avoidance of doubt, the Counterparty shall not be required to make any additional cash payments (other than the Prepayment Amount) or deliver or return any Shares pursuant to the terms of the Transaction (including, without limitation, the Minimum Shares delivered on the Exchange Business Day immediately following the Hedging Completion Date).
Scheduled Hedging Completion Date: For each Transaction, as set forth in the Supplemental Confirmation.
On the [***] Trading Day immediately following the Hedging Completion Date, Seller shall deliver to Purchaser the number of shares of Common Stock equal to the Minimum Delivery Number.
For the avoidance of doubt, the Counterparty shall not be required to make any additional cash payments (other than the Prepayment Amount) or deliver or return any Shares pursuant to the terms of the Transaction (including, without limitation, theMinimum Shares delivered on the Exchange Business Day immediately following the Hedging Completion Date).
The parties understand and agree that the delivery of Shares by or on behalf of MLI on each of the first Exchange Business Day immediately following the Hedging Completion Date and the Settlement Date is irrevocable and that as of such date Counterparty shall be the sole beneficial owner of the delivered Shares for all purposes.
On each Scheduled Trading Day beginning on the Trade Date for such Transaction and ending on the Hedging Completion Date for such Transaction, an affiliate of Citibank shall effect transactions with respect to the Shares in order to establish Citibank’s initial position to hedge Citibank’s price and market risk in connection with such Transaction (the period of consecutive Scheduled Trading Days on which such are effected being collectively referred to as the “Hedging Period”).