Stock Settlement Unwind Price definition

Stock Settlement Unwind Price. If Daily Sales is elected as the unwind method, the weighted average Daily Average Price for the Unwind Days during the Unwind Period where the weighting of the Daily Average Price in each Unwind Day of the Unwind Period other than the last Unwind Day of the Unwind Period shall be one and the weighting of the Daily Average Price for the last Unwind Day of the Unwind Period shall be equal to the quotient obtained by dividing (i) the difference between (A) the Settlement Amount and (B) the product of (1) one less than the number of Unwind Days in the Unwind Period, (2) 1% of the number of Underlying Shares on the date of this Confirmation and (3) the average Daily Average Price for the Unwind Days in the Unwind Period excluding the last Unwind Day of the Unwind Period by (ii) the product of (x) 1% of the number of Underlying Shares on the date of this Confirmation and (y) the Daily Average Price on the last Unwind Day of the Unwind Period. If Underwritten Sale is elected as the unwind method, a price equal to the per share sale proceeds to the Purchaser in such Underwritten Sale. Trade Date: February 26, 1998. Underlying Shares: 4,900,000 Paired Shares of the Companies (NYSE ticker "PAH"), subject to adjustment in the event of Partial Settlements.
Stock Settlement Unwind Price is deleted in its entirety and replaced as follows: "The weighted average net sales price per unit of Paired Shares for all Paired Shares sold by UBS-LB during the Unwind Period."
Stock Settlement Unwind Price. The daily average closing sale price of the Common Shares on the Relevant Exchange for the Exchange Trading Days during the Unwind Period. In the event of an extension of the Unwind Period after the Unwind Period has commenced, such average may be adjusted by the Calculation Agent, in a commercially reasonable manner, to reflect the effect if any of such extension. FORWARD STOCK CONTRACT Trade Date: 2 February 1998 UBS LLC: UBS Securities LLC Unwind Period: In the event of Stock Settlement or Net Stock Settlement, such number of Exchange Trading Days as the Company shall specify in a Settlement Notice (which shall not be more than 60; subject to change based on mutual agreement) beginning on Day S; provided that such period may be extended upon at least two (2) Exchange Trading Days written notice by either the Company or UBS for up to an additional 10 Exchange Trading Days and shall also be extended for a number of Exchange Trading Days equal to the number of Exchange Trading Days during which any Market Disruption Event occurs during the Unwind Period. Underlying Shares: 1,100,000 Common Shares of the Company (ticker "PP"), subject to adjustment in the event of Partial Settlements.

Examples of Stock Settlement Unwind Price in a sentence

  • If the Companies elect to settle the Settlement Amount by delivering Paired Shares in exchange for the Settlement Shares ("Stock Settlement"), the Companies shall settle by delivering to the Purchaser a number of Paired Shares (the "Stock Settlement Shares") equal to (i) the Settlement Amount divided by (ii) the Stock Settlement Unwind Price.

  • If the Company elects to settle the Settlement Amount by delivering Paired Shares in exchange for the Settlement Shares ("Stock Settlement"), the number of Paired Shares to be delivered (the "Stock Settlement Shares") shall be equal to (a) the Settlement Amount divided by (b) the Stock Settlement Unwind Price.

  • If the Company elects to meet its payment obligations by delivering Common Shares in exchange for the Settlement Shares ("Stock Settlement"), the number of Common Shares to be delivered (the "Stock Settlement Shares") shall be equal to (a) the Settlement Amount divided by (b) the Stock Settlement Unwind Price.

  • If the Company elects to settle the Settlement Amount by delivering Common Shares in exchange for the Settlement Shares ("Stock Settlement"), the number of Common Shares to be delivered (the "Stock Settlement Shares") shall be equal to (a) the Settlement Amount divided by (b) the Stock Settlement Unwind Price.

  • If the Companies elect to settle the Settlement Amount by delivering Paired Shares in exchange for the Settlement Shares ("Stock Settlement"), the number of Paired Shares to be delivered (the "Stock Settlement Shares") shall be equal to (i) the Settlement Amount divided by (ii) the Stock Settlement Unwind Price.

  • Net Stock Settlement Shares shall be calculated as if such Unwind Day were the final Unwind Day of the Unwind Period (provided that, for purposes of this calculation, the Stock Settlement Unwind Price shall be calculated by weighting equally each Unwind Day in the hypothetical Unwind Period).


More Definitions of Stock Settlement Unwind Price

Stock Settlement Unwind Price. The daily average closing price of the Paired Shares for Exchange Trading Days during the Unwind Period. Trade Date: 13 October 1997 UBS LLC: UBS Securities LLC Unwind Period: In the event of Stock Settlement or Net Stock Settlement, such number of Exchange Trading Days (which shall not be more than 70; (subject to change based on mutual agreement) beginning on Day S; provided that UBS may extend such period (such extension not to exceed 10 Exchange Trading Days) or upon the occurrence of a Market Disruption Event.
Stock Settlement Unwind Price. The daily average closing price of the Common Shares for Exchange Trading Days during the Unwind Period. Trade Date: 25 August 1997
Stock Settlement Unwind Price. The daily average closing price of the Paired Shares for Exchange Trading Days during the Unwind Period. Trade Date: 31 December 1997. UBS LLC: UBS Securities LLC Unwind Period: In the event of Stock Settlement or Net Stock Settlement 100 Exchange Trading Days (or a proportionately smaller number of Exchange Trading Days for partial settlements) beginning on Day S; provided that UBS may extend such period (such extension not to exceed 20 Exchange Trading Days) and that the FORWARD STOCK CONTRACT Unwind Period shall be automatically extended i) upon the occurrence of a Market Disruption Event and ii) for any day during the Unwind Period that the Company is not able to provide an updated and effective registration statement to UBS. Underlying Shares: 3,250,000 Paired Shares of the Companies (NYSE ticker "PAH"), subject to adjustment in the event of partial settlements.

Related to Stock Settlement Unwind Price

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

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • 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.

  • Cash Settlement Amount means, in respect of every Board Lot, an amount calculated by the Issuer in accordance with the following formula (and, if appropriate, either (I) converted (if applicable) into the Settlement Currency at the Exchange Rate or, as the case may be, (II) converted into the Interim Currency at the First Exchange Rate and then (if applicable) converted into Settlement Currency at the Second Exchange Rate):

  • 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.

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

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • 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;

  • Daily Settlement Price means the settlement price for a Swap calculated each Business Day by or on behalf of BSEF. The Daily Settlement Price can be expressed in currency, spread, yield or any other appropriate measure commonly used in swap markets.

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

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

  • Cash Settlement Averaging Period means, with respect to any Note as to which Cash Settlement or Combination Settlement is applicable, the 45 consecutive Trading Day period beginning on, and including, the second Trading Day immediately following the related Conversion Date; except that “Cash Settlement Averaging Period” means, with respect to any Conversion Date occurring during the Final Conversion Period, the 45 consecutive Trading Day period beginning on, and including, the 46th Scheduled Trading Day immediately preceding the Maturity Date.

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

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Early Settlement Date has the meaning specified in Section 5.9(a).

  • Early Settlement has the meaning specified in Section 5.9(a).

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Disruption Cash Settlement Price means in respect of each Security, an amount in the Settlement Currency equal to the fair market value of the Share Amount (taking into account, where the Settlement Disruption Event affected some but not all of the Shares comprising the Share Amount and such non-affected Shares have been duly delivered as provided above, the value of such Shares), less the cost to the Issuer of unwinding any underlying related hedging arrangements, all as determined by the Issuer.

  • 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.

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

  • Subscription Settlement Date means the second Valuation Date after the Subscription Trade Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • Physical Settlement Date means the date specified as such in any Physical Settlement Notice, which shall be not earlier than 10 nor later than 20 Business Days after the date on which the Physical Settlement Notice is given.