Examples of Averaging Period in a sentence
Dealer will pay cash in lieu of delivering any fractional Shares to be delivered with respect to any Net Share Settlement Amount valued at the Relevant Price for the last Valid Day of the Settlement Averaging Period.
For any Option, the later of (i) the second Business Day immediately following the final Valid Day of the Settlement Averaging Period for such Option and (ii) the settlement date for the consideration due upon conversion of the related Convertible Note, as notified by Counterparty to Dealer in writing (which notice may, for the avoidance of doubt, be by email) prior to the date specified in clause (i).
One Settlement Cycle following the last day of the Averaging Period or, if such date is not a Clearance System Business Day, on the next Clearance System Business Day immediately following such date (the “Payment Date”), Dealer shall pay to Company, to the account specified in Section 9 hereof, in immediately available funds, cash in an amount equal to the Cash Settlement Amount.