Number of Shares to be Delivered definition

Number of Shares to be Delivered means, in respect of an Exercise Date under a Share Option Transaction, the number of Shares equal to the number of Options exercised or deemed exercised on that Exercise Date multiplied by the Option Entitlement, rounded down to the nearest whole Share.「應交收數量的股票」指對於一項股票期權交易下的一個行使日期而言，等於在該行使日期行使或被視為行使的期權數目乘以期權權益，捨去小數點後位數，最接近的整數股票數量。

Number of Shares to be Delivered means, solely for purposes of this Section 8(n), in respect of any Exercise Date deemed to occur pursuant to paragraph (1) of this Section 8(n), subject to the last sentence of Section 9.5 of the Equity Definitions, the product of (i) the Number of Options, (ii) the Option Entitlement and (iii) (A) the excess of the VWAP Price (as defined below) on the Valuation Date occurring on such Exercise Date over the Strike Price divided by (B) such VWAP Price. “VWAP Price” shall mean, for any Valuation Date, the per Share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page ATK <equity> VAP (or any successor thereto) in respect of the period from 9:30 a.m. to 4:00 p.m. (New York City time) on such Valuation Date (or if such volume-weighted average price is unavailable, the market value of one Share on such Valuation Date, as determined by the Calculation Agent). Notwithstanding anything to the contrary in the Equity Definitions, if there is a Market Disruption Event on any Valuation Date, then the Calculation Agent shall determine the VWAP Price for such Valuation Date on the basis of its good faith estimate, determined in a commercially reasonable manner, of the market value for the relevant Shares on such Valuation Date.

Number of Shares to be Delivered means in respect of an Exercise Date under an Equity Option Transaction, a number of Shares equal to the number of Options exercised on that Exercise Date multiplied by the Option Entitlement.

Examples of Number of Shares to be Delivered in a sentence

• The Number of Shares to be Delivered shall be delivered by Issuer to Dealer no later than 12:00 noon (local time in New York City) on the relevant Settlement Date.

• Notwithstanding anything to the contrary in the Equity Definitions, Dealer may, in whole or in part, deliver Shares in certificated form representing the Number of Shares to be Delivered to Counterparty in lieu of delivery through the Clearance System.

• If the Number of Shares to be Delivered for any settlement of any Transaction is a negative number, then the terms of the Counterparty Settlement Provisions in Annex A hereto shall apply.

• USD Net Share Settlement: On each Settlement Date, Issuer shall deliver to Dealer a number of Shares equal to the Number of Shares to be Delivered for such Settlement Date to the account specified by Dealer and cash in lieu of any fractional shares valued at the Relevant Price on the Valuation Date corresponding to such Settlement Date.

• If the Number of Shares to be Delivered is negative, then the Counterparty Settlement Provisions in Annex A shall apply.

• The Number of Shares to be Delivered shall be delivered by Issuer to Dealer no later than noon (local time in New York City) on the relevant Settlement Date.

• Forward Cash Settlement Amount: The Number of Shares to be Delivered multiplied by the Settlement Valuation Price.

• Relevant Dividend Period End Date: For each Transaction, if the Number of Shares to be Delivered for such Transaction is negative, the last day of the Settlement Valuation Period; otherwise, the Termination Date for such Transaction.

• If the Number of Shares to be Delivered is positive, the date that is one Settlement Cycle immediately following the Termination Date.

• Number of Shares to be Delivered: In respect of any Exercise Date, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii) (A) the excess of the VWAP Price on the Valuation Date occurring in respect of such Exercise Date over the Strike Price (or, if there is no such excess, zero) divided by (B) such VWAP Price.

More Definitions of Number of Shares to be Delivered

Number of Shares to be Delivered. In respect of any Exercise Date, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii) (A) the excess, if any, of the VWAP Price on the Valuation Date occurring in respect of such Exercise Date over the Strike Price divided by (B) such VWAP Price. The Number of Shares to be Delivered shall be delivered by Issuer to Dealer no later than noon (local time in New York City) on the relevant Settlement Date. 4

Number of Shares to be Delivered means, in respect of an Exercise Date under a Share Option Transaction, the number of Shares equal to the number of Options exercised or deemed exercised on that Exercise Date multiplied by the Option Entitlement. In the event that the number of Shares so calculated comprises any fractional Share, the Number of Shares to be Delivered shall be rounded down to the nearest whole Shares and a Fractional Share Amount will be payable by the relevant party in lieu of such fractional Share.