Common use of Physical Settlement Clause in Contracts

Physical Settlement. (i) Exercise Rights in relation to Physical Delivery Warrants If the Warrants are Physical Delivery Warrants, each such Warrant or, if Units are specified in the applicable Final Terms, each Unit, as the case may be, entitles its Holder, upon due exercise and subject to certification as to non-U.S. beneficial ownership, to receive from the Issuer on the Settlement Date the Entitlement subject to payment of the relevant Exercise Price and any other sums payable. The method of delivery of the Entitlement is set out in the applicable Final Terms. Warrants or Units, as the case may be, exercised at the same time by the same Holder will be aggregated for the purpose of determining the aggregate Entitlements in respect of such Warrants or Units, as the case may be, provided that the aggregate Entitlements in respect of the same Holder will be rounded down to the nearest whole unit of the Relevant Asset or each of the Relevant Assets, as the case may be, in such manner as the Calculation Agent shall determine. Following exercise of a Share Warrant which is a Physical Delivery Warrant, all dividends on the relevant Shares to be delivered will be payable to the party that would receive such dividend according to market practice for a sale of the Shares executed on the relevant Actual Exercise Date and to be delivered in the same manner as such relevant Shares. Any such dividends to be paid to a Holder will be paid to the account specified by the Holder in the relevant Exercise Notice as referred to in Condition 5(A)(2)(vi).

Physical Settlement. (i) Exercise Rights in relation to Physical Delivery Warrants If the Warrants are Physical Delivery WarrantsSecurities, each such Warrant or, if Units are specified in the applicable Final Terms, each Unit, as the case may be, entitles its Holderholder, upon due exercise and subject to certification as to non-U.S. beneficial ownershipprovided in Condition 4, to receive the Entitlement from the Issuer on the Settlement Date the Entitlement Date, subject to payment of the relevant Exercise Price Price, any Expenses and any other sums payable. The method of delivery of the Entitlement is set out in the applicable Final Terms. Warrants or Units, as the case may be, exercised at the same time by the same Holder Securityholder will be aggregated for the purpose of determining the aggregate Entitlements in respect of such Warrants or Units, as the case may be, provided that the aggregate Entitlements in respect of the same Holder Securityholder will be rounded down to the nearest whole unit of the Relevant Asset or each of the Relevant Assets, as the case may be, in such manner as the Calculation Agent shall determine. Therefore, fractions of the Relevant Asset or of each of the Relevant Assets, as the case may be, will not be delivered and a cash adjustment amount calculated by the Calculation Agent will be paid in lieu of such fractions of the Relevant Asset. Any such cash adjustment amount will be paid to the account specified in the relevant Exercise Notice. Following exercise of a Share Warrant Security which is a Physical Delivery Warrant, all dividends on the relevant Shares to be delivered will be payable to the party that would receive such dividend according to market practice for a sale of the Shares executed on the relevant Actual Exercise Date and to be delivered in the same manner as such relevant Shares, all as determined by the Calculation Agent. Any such dividends to be paid to a Holder Securityholder will be paid to the account specified by the Holder Securityholder in the relevant Exercise Notice as referred to in Condition 5(A)(2)(vi17(A)(v).