Minimum Settlement Rate definition
Minimum Settlement Rate has the meaning set forth in Section 5.01(a)(i).
Minimum Settlement Rate has the meaning set forth under Section 4.01(b)(i), subject to adjustment pursuant to the terms of Article V.
Minimum Settlement Rate means 0.5647; provided, however, that the Minimum Settlement Rate shall be subject to adjustment pursuant to Section 5.4.
Examples of Minimum Settlement Rate in a sentence
Upon Early Settlement of Purchase Contracts by a Holder of the related Units, the Pledged Treasury Securities underlying such Units shall be released from the Pledge as provided in the Purchase Contract and Pledge Agreement and the Holder shall be entitled to receive a number of shares of Common Stock equal to the Minimum Settlement Rate for each Purchase Contract as to which Early Settlement is effected.
More Definitions of Minimum Settlement Rate
Minimum Settlement Rate means 0.7682, subject to adjustment as contemplated by Section 5.04(a). “Minimum Stock Price” has the meaning set forth in Section 5.04(b)(iii)(3).
Minimum Settlement Rate means 0.54823, which is approximately equal to $25 divided by the Threshold Appreciation Price, as adjusted from time to time pursuant to Section 5.04.
Minimum Settlement Rate has the meaning set forth in Section 5.01(a)(i). “Minimum Stock Price” has the meaning set forth in Section 5.05(b)(iii). “Nineteenth Supplemental Indenture” means the Nineteenth Supplemental Indenture to the Base Indenture, dated as of February 26, 2026, pursuant to which the 2034 RSNs are issued. “Notes Issuer” means PPL Capital Funding, Inc. or any successor thereto as described in the Indenture. “Obligations” means, with respect to each Holder, the obligation of such Holder under such Holder’s Unit (including the Purchase Contract contained therein) and this Agreement to pay the Purchase Price with respect to each Purchase Contract being settled, whether pursuant to an Early Settlement or a Fundamental Change Early Settlement or on the Purchase Contract Settlement Date. “OFAC” has the meaning set forth in Section 1.17. “Officer’s Certificate” means a certificate signed by an Authorized Officer of the Company and delivered to the Purchase Contract Agent, the Collateral Agent, the Custodial Agent or the Securities Intermediary, as applicable. Any Officer’s Certificate delivered with respect to compliance with a condition or covenant provided for in this Agreement (other than the Officer’s Certificate provided for in Section 10.05) shall include the information set forth in Section 1.02. “Opinion of Counsel” means a written opinion of counsel who is acceptable to the Purchase Contract Agent and which counsel may be counsel to the Company (and who may be an employee of the Company or any of its Affiliates). An opinion of counsel may rely on certificates as to matters of fact.
Minimum Settlement Rate means 7.0373, subject to adjustment as provided herein.