Examples of Partial Cash Amount in a sentence
If the Company elects to satisfy the Conversion Obligation in a Combined Settlement, then the Company will deliver to the Holder a Partial Cash Amount plus a number of shares of Common Stock equal to the quotient of (A) the amount of the Cash Settlement minus such Partial Cash Amount divided by (B) the arithmetic mean of the Volume Weighted Average Prices of the Common Stock on each Trading Day during the applicable Cash Settlement Averaging Period.
Under no circumstance shall the Partial Cash Amount paid by the Company be less than the principal amount of the Securities converted by the Holder.
Select one option for Partial Cash Amount and if applicable, complete the Partial Security Shares information.
If IAC elects to satisfy the Conversion Obligation in a Combined Settlement, then the Company or IAC will deliver to the Holder a Partial Cash Amount plus a number of shares of Common Stock equal to the quotient of (A) the amount of the Cash Settlement minus such Partial Cash Amount divided by (B) the arithmetic mean of the Volume Weighted Average Prices of the Common Stock on each Trading Day during the applicable Cash Settlement Averaging Period.
If the Company elects to satisfy a portion of the Conversion Obligation in cash (the "Partial Cash Amount") and a portion in its Ordinary Shares, then it shall deliver to converting Holders such Partial Cash Amount plus a number of Ordinary Shares equal to (i) the cash settlement amount as set forth in clause (b) above minus such Partial Cash Amount divided by (ii) the average of the Reference Price of Ordinary Shares on each Trading Day during the Applicable Cash Settlement Averaging Period.
If the Company elects to satisfy the Conversion Obligation by Combined Settlement, then the Company will deliver to the Holder the Partial Cash Amount, plus a number of full shares of Common Stock equal to (i) the amount of the Cash Settlement determined pursuant to the immediately preceding sentence minus such Partial Cash Amount divided by (B) the Applicable Stock Price, together with cash in lieu of any fractional shares.
The Issuer will initially elect the Partial Cash Amount to be the principal amount of the Notes and will deliver the amount of the aggregate Daily Exchange Value in excess of the principal amount of the Notes, if any, in Sunstone Common Shares; provided, however, that such election is revocable, and the Issuer may make any future election revocable or irrevocable at its discretion.
In no event shall the Partial Cash Amount be less than the aggregate principal amount of the Notes to be converted.
As further described in Annex II below, the vesting calculation for the 50% portion of the Partial Cash Amount that relates to a Performance Cycle (“PC Tranche Amount”) shall be based on, as applicable, (i) the “Incremental Performance Percentage” for the Performance Cycle, (ii) the “Blended Performance Percentage” with respect to both Performance Cycles, and (iii) the “Final Performance Percentage” that relates to each Performance Cycle, in each case, as determined in accordance with Annex II below.
Cash will be paid in lieu of any fractional shares as provided by Section 9.3. In no event shall the Partial Cash Amount be less than the aggregate principal amount of the Notes to be converted.