Settlement Number definition

Settlement Number means a number of shares of Common Stock, rounded down to the nearest integer and which number may be negative, equal to (i) the Valuation Number minus (ii) the Initial Number of Shares.

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Settlement Number means the number of shares of Common Stock equal to (i) the Valuation Number minus (ii) the Minimum Delivery Number.

Settlement Number means (a) the Purchase Price divided by the Settlement Price, minus (b) the Number of Initial Shares.

Examples of Settlement Number in a sentence

• Net Share Settlement Number: A number of Shares equal to the sum of (i) the Aggregate Net Share Number as of the last Unwind Date in any Unwind Period and (ii) the sum of the quotients (rounded to the nearest whole number), for each Unwind Adjustment Amount for such Unwind Period, obtained by dividing (x) such Unwind Adjustment Amount by (y) the Settlement Price on the Forward Price Reduction Date relating to such Unwind Adjustment Amount.

• Net Share Settlement Number: A number of Shares equal to the sum of (i) the Aggregate Net Share Number as of the last Unwind Date in the Unwind Period and (ii) the sum of the quotients (rounded to the nearest whole number), for each Unwind Adjustment Amount for such Unwind Period, obtained by dividing (x) such Unwind Adjustment Amount by (y) the Settlement Price on the Forward Price Reduction Date relating to such Unwind Adjustment Amount.

• Notwithstanding the foregoing, Bank shall not be required to purchase any shares of Common Stock, or may purchase a number of shares of Common Stock in an amount lesser than the Settlement Number.

• Bank also represents that the shares of Common Stock constituting the Settlement Number shall be properly in book-entry form.

• If, following the expiration of the Pricing Period, the Settlement Number is greater than zero, on the Settlement Date, Citibank shall transfer to the Company through its agent, for no additional consideration, a number of shares of Common Stock equal to the Settlement Number.

More Definitions of Settlement Number

Settlement Number means a number of shares of Common Stock, rounded down to the nearest integer and which number may be negative, equal to

Settlement Number means, for any Tranche, a number of shares of Common Stock, rounded down to the nearest integer and which number may be negative, equal to (i) the Valuation Number for such Tranche minus (ii) the Tranche Initial Number of Shares.

Settlement Number means the number of shares of Common Stock equal to (i) the Valuation Number minus (ii) the Minimum Delivery Number. “Share Cap” means, for any date, (i) [***] shares of Common Stock, minus (ii) the net number of shares of Common Stock delivered by the Purchaser

Settlement Number means a number of shares of Common Stock, rounded down to the nearest integer and which number may be negative, equal to (i) the Valuation Number minus (ii) the Initial Number of Shares. “Settlement Purchase Amount” means an amount in cash equal to (i) the absolute value of the Settlement Number multiplied by (ii) the dollar volume weighted average price per share at which Seller or its designated affiliate executes purchases of shares of Common Stock during the Cash Settlement Purchase Period in respect of its hedge position for the Transaction. “Settlement Shares” has the meaning set forth in Section 3.01(b). “Share De-listing Event” has the meaning set forth in Section 7.01(c). “Successor Exchange” has the meaning set forth in Section 7.01(c). “Termination Amount” has the meaning set forth in Section 7.02(a). “Termination Event” has the meaning set forth in Section 14 of the Agreement. “Termination Price” means the value of an Alternative Termination Delivery Unit to the Seller (determined as provided in Annex A hereto). “Termination Settlement Date” has the meaning set forth in Section 7.03(a). “Trade Date” has the meaning set forth in Section 2.01. “Trading Day” means (x) any day (i) other than a Saturday, a Sunday or a day on which the Exchange is not open for business, (ii) during which trading of any securities of the Purchaser on any national securities exchange has not been suspended, (iii) during which there has not been, in the Seller’s judgment, a material

Settlement Number means, in respect of a Series of Securities, 180 unless otherwise specified in the applicable Final Terms.

Settlement Number is equal to the sum of (i) the product of the number of Vested PRSUs subject to the Award multiplied by the Performance Modifier associated with such Award plus (ii) the number of Shares that results from the quotient of (a) the product of any dividend equivalent rights payable pursuant to Section 7(c) of the Plan multiplied by the Performance Modifier associated with such Award, divided by (b) the Class C FMV as of the date of settlement. Payments pursuant to this Section 5 shall be made on February 1, 2022, but, if such date is prior to an IPO, only if the third party valuation used by the Company for compensation purposes has been obtained by the proposed payment date. In all cases, payments pursuant to this Section 5 shall be made in calendar year 2022.

Settlement Number means the number of shares of Common Stock equal to (i) the Valuation Numberminus (ii) 90% of the Minimum Delivery Number.