Examples of Settlement Method Election Deadline in a sentence
If the Company does not elect a Settlement Method prior to the Settlement Method Election Deadline, the Company shall no longer have the right to elect Cash Settlement or Physical Settlement and the Company shall be deemed to have elected Combination Settlement in respect of its Conversion Obligation (such settlement method, the “Default Settlement Method”), and the Specified Dollar Amount per US$1,000 principal amount of Notes shall be equal to US$1,000.
If the Company does not elect a Settlement Method prior to the applicable Settlement Method Election Deadline, the Company shall no longer have the right to elect a Settlement Method with respect to any exchange on such Exchange Date or during such period, and the Company shall be deemed to have elected the Default Settlement Method in respect of its Exchange Obligation.
If the Company has not satisfied the Share Reservation Condition prior to the relevant Settlement Method Election Deadline, the Company shall be deemed to have elected Cash Settlement with respect to any and all conversions to which such Settlement Method Election Deadline applies as described below.