Share Settlement Option definition

Share Settlement Option shall have the meaning given to it in Clause 10.5.1.
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Share Settlement Option shall have the meaning specified in Section 2.06(a).
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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 Issuer shall not be concerned with, nor shall it be obliged or required to enquire into the sufficiency of any amount paid to it for this purpose.It is the Issuer’s intention to use the Share Settlement Option.

  • Any Deferred Cash Proceeds Redemption and/or Deferred Cash Make-Whole Payment shall only be satisfied in cash and shall not be subject to the Share Settlement Option.

  • However, if there is still a Settlement Disruption on what would be, but for such Settlement Disruption, the eighth Trading Day following the Selection Date, then the Issuer shall be deemed not to have exercised its Share Settlement Option, and shall redeem the Capital Securities through the payment of the Redemption Price in cash on the Redemption Date.

  • In the absence of any such notification to the Principal Paying, Transfer and Exchange Agent, the Issuer shall be deemed not to have exercised its Share Settlement Option and shall be required to redeem the Capital Securities on the Redemption Date in cash.

  • 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.

  • To exercise its Share Settlement Option, the Issuer shall give a notice to such effect (the “Share Settlement Option Notice”) to the Bondholders in accordance with Condition 15.

  • 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").

  • Without prejudice to any Share Settlement Option Notice Annulment, a Share Settlement Option Notice shall be irrevocable and any Share Settlement Notice shall be irrevocable.

  • 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.

  • Shares to be delivered pursuant to this Condition 6(f) (Issuer's Option to Redeem by Share Settlement — Share Settlement Option) shall be deemed to be issued and allotted as of the Settlement Date.


More Definitions of Share Settlement Option

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 (together with any Corresponding Rights) 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 On each Settlement Date, Issuer shall deliver to Dealer a number of Shares equal to the Number of Shares to be Delivered for such Settlement Date to the account specified by Dealer and pay cash to Dealer in lieu of any fractional shares valued at the Relevant Price on the Valuation Date corresponding to such Settlement Date. Number of Shares to be Delivered: In respect of any Exercise Date, subject to the last sentence of Section 9.5 of the Equity Definitions, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii)(A) the excess, if any, of the VWAP Price on the Valuation Date occurring on such Exercise Date over the Strike Price, divided by (B) such VWAP Price. The Number of Shares to be Delivered shall be delivered by Issuer to Dealer no later than 4:00 P.M. (local time in New York City) on the relevant Settlement Date.

  • 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, with respect to a Security that is tendered for conversion in accordance with this Article X, the twenty (20) consecutive Trading-Day period that begins on, and includes, the third (3rd) Trading Day after the Conversion Date for such Security; provided, however, that if such Conversion Date is on or after the twenty third (23rd) scheduled Trading Day prior to the Maturity Date, then the Cash Settlement Averaging Period with respect to such conversion shall be the twenty (20) consecutive Trading-Day period that begins on and includes the twentieth (20th) scheduled Trading Day prior to the Maturity 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 Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

  • Replacement Option means an Option that is granted when a Participant uses a Common Share held or to be acquired by the Participant to exercise an Option and/or to satisfy tax withholding requirements incident to the exercise of an Option.

  • Purchase Contract Settlement Date means ________________________, ____.]

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 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.