Share Settlement Option definition

Share Settlement Option shall have the meaning specified in Section 2.06(a).
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Share Settlement Option means as described in clause 10.4.
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Share Settlement Option means the option of the Issuer defined in Condition 10.9; “Share Swap Payment Satisfaction” has the meaning given to it in Condition 6.2; “Share Trustee” means Mourant & Co. Trustees Limited;
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Examples of Share Settlement Option in a sentence

  • The Share Settlement Option Notice shall be given not more than 90 nor less than 60 Scheduled Trading Days prior to the Maturity Date.

  • Any Share Settlement Option Notice and any Share Settlement Notice shall be irrevocable.

  • Fractions of Ordinary Shares will not be delivered on exercise of the Share Settlement Option and no cash payment will be made in lieu thereof.

  • In such situations the Issuer may elect to satisfy its obligation to redeem the Bonds by exercising its Share Settlement Option, i.e. by delivering to the Bondholders such number of Subsea 7 shares as is determined by dividing the aggregate principal amount of such Bondholder’s Bonds by the Share Settlement Market Price of a Subsea 7 share on the date falling three dealing days prior to the date redemption was exercised ("Share Settlement Option").

  • It is a condition to exercise the Share Settlement Option that Subsea 7 Shares are listed on a reputable stock exchange and no Event of Default has occurred.When the Bonds are redeemed prior to maturity, the investor may not be able to reinvest the redemption proceeds in a comparable security at an effective interest rate as high as that of the Bonds.

  • Borrower further represents that it will promptly notify the Bank in the event Borrower discovers or determines that any computer application (including those of its suppliers and vendors) that is material to its or any of its subsidiaries' businesses and operations will not be Year 2000 compliant on a timely basis, except to the extent that the Borrower reasonably believes such failure will not have a Material Adverse Effect on its business, financial condition or ability to repay the Loans.

  • The Issuer shall not exercise the Share Settlement Option in circumstances where Belgian law would not allow a conversion of the Bonds into Ordinary Shares.

  • To exercise its Share Settlement Option, the Issuer shall give a notice to such effect (the “Share Settlement Option Notice”) to the Trustee and to the Bondholders in accordance with Condition 17 not more than 60 nor less than 45 days prior to the Final Maturity Date.

  • Clause 10.3 Share Settlement Option: Notwithstanding any other provisions o f this clause 10, the Issuer may exercise an option to satisfy its obligation to redeem all outstanding Bonds with settlement in Shares at the Conversion Price in the event o f (i) a sale o f the Drillship or (ii) a merger or de-merger (the “Share Settlement Option”).

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More Definitions of Share Settlement Option

Share Settlement Option shall have the meaning given to it in Clause 10.5.1.
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Share Settlement Option has the meaning provided in Condition 6(i).
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Related to Share Settlement Option

  • Share Settlement means a number of shares of Class A Common Stock equal to the number of Redeemed Units.

  • Share Settled in relation to any Option means that Net Share Settlement or Combination Settlement is applicable to that Option.

  • Net Share Settlement means the settlement method pursuant to which an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of Common Stock equal to the Net Share Amount without any payment therefor.

  • Net Share Settled in relation to any Warrant means that Net Share Settlement is applicable to that Warrant.

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Share Termination Settled in relation to the Transaction means that the Share Termination Alternative is applicable to the Transaction.

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Investment Option means any of the guaranteed investments and variable investment funds available under the Plan.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Settlement Method Election Date With respect to any Settlement of any Transaction, the 2nd Scheduled Trading Day immediately preceding (x) the Valuation Date for such Transaction, in the case of Physical Settlement, or (y) the First Unwind Date for such Transaction, in the case of Cash Settlement or Net Share Settlement.

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Cash Settlement Averaging Period means (a) with respect to any Conversion Date occurring on or after the 24th Scheduled Trading Day immediately preceding the Maturity Date, the twenty (20) consecutive Trading Day period ending on, and including, the third Scheduled Trading Day immediately preceding the Maturity Date and (b) in all other cases, the twenty (20) consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the relevant Conversion Date.

  • Purchase Contract Settlement Fund has the meaning specified in Section 5.5.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Individual Settlement Payment means the amount payable from the Net

  • Combination Settlement shall have the meaning specified in Section 14.02(a).

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.

  • Scheduled Settlement Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Replacement Option has the meaning ascribed thereto in Section 2.2(c).

  • Purchase Contract Settlement Date means [ ].

  • Gross Settlement Amount means $240,000 which is the total amount Standard agrees to pay under the Settlement, except as provided in Paragraph 8 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.