Settlement Ratio has the meaning provided in Section 2.2(f).
Settlement Ratio shall be determined in accordance with the following formula and is subject to adjustment as a result of certain events as provided in Article 7: (i) if the Settlement Price is less than the Cap Level but greater than the Floor Level, the Settlement Ratio shall be a ratio (rounded upward or downward to the nearest 1/10,000th or, if there is not a nearest 1/10,000th, to the next lower 1/10,000th) equal to the Floor Level divided by the Settlement Price, (ii) if the Settlement Price is equal to or greater than the Cap Level, the Settlement Ratio shall be a ratio (rounded upward or downward to the nearest 1/10,000th or, if there is not a nearest 1/10,000th, to the next lower 1/10,000th) equal to a fraction with a numerator equal to the sum of (A) the Floor Level and (B) the excess, if any, of the Settlement Price over the Cap Level, and a denominator equal to the Settlement Price, and (iii) if the Settlement Price is equal to or less than the Floor Level, the Settlement Ratio shall be one (1).
Settlement Ratio means, for any Settlement Date for any Transaction, the ratio determined in the manner set forth in the applicable Transaction Confirmation.
Examples of Settlement Ratio in a sentence
If the Settlement Price is less than or equal to the Initial Value, the Settlement Ratio will be one.
If the Settlement Price is less than or equal to Hedged Value 1, the Settlement Ratio will be one.
TELEGRAM APP IMPORTANT!!!To receive instant updates, results and changes in schedule or running order during the Championships, download the TELEGRAM app on your phone.
The emergence of post-industrialismdramatically changes a society’s occupational structure.
A vast amount of wind energy potential exists along the ridges of Sierra de Juárez Mountains south of La Rumorosa, as shown below in Fig.
More Definitions of Settlement Ratio
Settlement Ratio. For any Settlement Date, (i) if the Settlement Price for such Settlement Date is less than the Threshold Appreciation Price but greater than the Downside Protection Threshold Price, the Settlement Ratio shall be a ratio equal to the Downside Protection Threshold Price divided by the Settlement Price, (ii) if the Settlement Price for such Settlement Date is equal to or greater than the Threshold Appreciation Price, the Settlement Ratio shall be a ratio equal to one (1) minus a fraction the numerator of which is the excess of the Threshold Appreciation Price over the Downside Protection Threshold Price and the denominator of which is the Settlement Price, and (iii) if the Settlement Price for such Settlement Date is equal to or less than the Downside Protection Threshold Price, the Settlement Ratio shall be one (1), and in each calculation described in clause (i) or (ii) above, the Settlement Ratio shall be rounded upward or downward to the nearest 1/10,000th or, if there is not a nearest 1/10,000th, to the next lower 1/10,000th. Interest Calculation End Date: February 21, 2003 Extraordinary Dividend: Any cash dividend that is paid on the Common Stock, other than those described in Section 7.01(b)(i) or (ii) of the Master Stock Purchase Agreement, shall be considered an extraordinary dividend (it being understood that because there is no dividend currently paid on the Common Stock all such dividends shall be extraordinary dividends). ++ Confidential material redacted and filed separately with the Commission. 19 Spread: ++
Settlement Ratio means, with respect to any Tranche, rounded upward or downward to the nearest 1/10,000th or, if there is not a nearest 1/10,000th, to the next lower 1/10,000th and determined in accordance with the following formula, and is subject to adjustment as a result of certain events as provided in Article 6:
Settlement Ratio is equal to: 28 Section 3.14. Representations And Agreements Of Holders 29 Section 3.15. Delivery upon Settlement of the Purchase Contracts. 30 Section 3.16. Transfer of Collateral Upon Occurrence of Acceleration Event 32 Section 3.17. Contract Adjustment Payments 33 Section 3.18. No Fractional Shares 33 Section 3.19. Charges and Taxes 34 ARTICLE 4
Settlement Ratio has the meaning set forth in Section 3.13.
Settlement Ratio is equal to:
Settlement Ratio shall be determined in accordance with the following formula and is subject to adjustment as a result of certain events as provided in Article 7: (i) if the Settlement Price is less than the Threshold Appreciation Price but greater than the Downside Protection Threshold Price, the Settlement Ratio shall be a ratio (rounded upward or downward to the nearest 1/10,000th or, if there is not a nearest 1/10,000th, to the next lower 1/10,000th) equal to the Downside Protection Threshold Price divided by the Settlement Price, (ii) if the Settlement Price is equal to or greater than the Threshold Appreciation Price, the Settlement Ratio shall be a ratio (rounded upward or downward to the nearest 1/10,000th or, if there is not a nearest 1/10,000th, to the next lower 1/10,000th) equal to a fraction with a numerator equal to the sum of (A) the Downside Protection Threshold Price and (B) the excess, if any, of the Settlement Price over the Threshold Appreciation Price, and a denominator equal to the Settlement Price, and (iii) if the Settlement Price is equal to or less than the Downside Protection Threshold Price, the Settlement Ratio shall be one (1).
Settlement Ratio. As defined in, and subject to, adjustment and rounding pursuant to, the Master Stock Purchase Agreement, but described generally as follows: If Settlement Price < Threshold Appreciation Price, but > than Downside Threshold Protection Price: Settlement Ratio = Downside Protection Threshold Price divided by Settlement Price. If Settlement Price >= Threshold Appreciation price, then Settlement Ratio = 1 minus ((Threshold Appreciation Price minus Downside Protection Threshold Price) divided by Settlement Price)). If Settlement Price <= Downside Protection Threshold Price, Settlement Ratio = 1 Market Disruption Event: The occurrence or existence at any time on any day of: the suspension of or limitation imposed on trading in the Common Stock on the Exchange or any successor exchange or in listed options on the Common Stock (by reason of movements in price exceeding limits permitted by the Exchange or otherwise), if in the determination of the Calculation Agent such suspension or limitation is material. Tax, Legal, and Regulatory Issues: Party B has consulted appropriate outside advisors regarding any relevant tax, legal or regulatory issues relating to this transaction, and is not relying on Bank of America for such advice. Party B has taken independent tax advice with respect to this Transaction from the independent tax advisor indicated in Party B’s Private Client Questionnaire.