Common use of Combination Settlement Clause in Contracts

Combination Settlement. If Combination Settlement applies to any Exercisable Option exercised or deemed exercised hereunder, Dealer will deliver to Counterparty, on the relevant Settlement Date (i) an amount of cash equal to the Combination Cash Amount for such Exercisable Option and (ii) a number of Shares, if any, equal to the Combination Share Amount for such Exercisable Option. Dealer will deliver cash in lieu of any fractional Shares to be delivered with respect to any Combination Share Amount valued at the Relevant Price for the last Valid Day of the Settlement Averaging Period.