Common use of Combination Settlement Clause in Contracts

Combination Settlement. If the Issuer elects (or is deemed to have elected) Combination Settlement, the Issuer shall pay or cause to be delivered, as the case may be, to the exchanging Holder in respect of each $1,000 principal amount of the Notes being exchanged, a settlement amount equal to the sum of the Daily Settlement Amounts for each of the fifty consecutive VWAP Trading Days during the applicable Observation Period; provided, however, that the Issuer shall pay an amount of cash in lieu of any fractional Common Share determined in accordance with Section 7.03(a)(iv) hereof. The Issuer shall pay or cause to be delivered, as the case may be, such settlement amount on the second Business Day immediately following the last VWAP Trading Day of such Observation Period.

Appears in 1 contract

Samples: Atlas Corp.

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Combination Settlement. If the Issuer elects (or is deemed to have elected) Combination Settlement, the Issuer shall pay or cause to be delivered, as the case may be, to the exchanging Holder in respect of each $1,000 principal amount of the Notes being exchanged, a settlement amount equal to the sum of the Daily Settlement Amounts for each of the fifty thirty (30) consecutive VWAP Trading Days during the applicable Observation Period; provided, however, that the Issuer shall pay an amount of cash in lieu of any fractional Common Ordinary Share determined in accordance with Section 7.03(a)(iv) hereof. The Issuer shall pay or cause to be delivered, as the case may be, such settlement amount on the second Business Day immediately following the last VWAP Trading Day of such Observation Period.

Appears in 1 contract

Samples: Indenture (Jazz Pharmaceuticals PLC)

Combination Settlement. If the Issuer elects (or is deemed to have elected) Combination Settlement, the Issuer shall pay or cause to be delivered, as the case may be, to the exchanging Holder in respect of each $1,000 principal amount of the Notes being exchanged, a settlement amount equal to the sum of the Daily Settlement Amounts for each of the fifty forty (40) consecutive VWAP Trading Days during the applicable Observation Period; provided, however, that the Issuer shall pay an amount of cash in lieu of any fractional Common Share Ordinary Shares determined in accordance with Section 7.03(a)(iv) hereof. The Issuer shall pay or cause to be delivered, as the case may be, such settlement amount on the second third Business Day immediately following the last VWAP Trading Day of such Observation Period.

Appears in 1 contract

Samples: Horizon Pharma PLC

Combination Settlement. If the Issuer elects (or is deemed Combination Settlement applies to have elected) Combination Settlementa Note, the Issuer shall will pay or cause to be delivereddeliver, as the case may be, to the exchanging Holder in respect of each $1,000 such Note, the product of (A)(x) the aggregate principal amount of the Notes such Note that is being exchanged, a settlement amount equal to divided by (y) $1,000, and (B) the sum of the Daily Settlement Amounts for each of the fifty twenty-five (25) consecutive VWAP Trading Days during in the applicable Observation Period; provided, however, that the Issuer shall will pay an amount of cash in lieu of any fractional Common Share ADS determined in accordance with Section 7.03(a)(iv) hereof. The Issuer shall pay or cause to be delivereddeliver, as the case may be, such settlement amount of cash and number of ADSs on the second third Business Day immediately following the last VWAP Trading Day of such Observation Period.

Appears in 1 contract

Samples: Amarin Corp Plc\uk

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Combination Settlement. If the Issuer elects (or is deemed to have elected) Combination Settlement, the Issuer shall pay or cause to be delivered, as the case may be, to the exchanging Holder in respect of each $1,000 principal amount of the Notes being exchanged, a settlement amount equal to the sum of the Daily Settlement Amounts for each of the fifty thirty (30) consecutive VWAP Trading Days during the applicable Observation Period; provided, however, that the Issuer shall pay an amount of cash in lieu of any fractional Common Share Ordinary Shares determined in accordance with Section 7.03(a)(iv) hereof. The Issuer shall pay or cause to be delivered, as the case may be, such settlement amount on the second third Business Day immediately following the last VWAP Trading Day of such Observation Period.

Appears in 1 contract

Samples: Indenture (Jazz Pharmaceuticals PLC)

Combination Settlement. If the Issuer elects (or is deemed to have elected) Combination Settlement, the Issuer shall pay or cause to be delivered, as the case may be, to the exchanging Holder in respect of each $1,000 principal amount of the Notes being exchanged, a settlement amount equal to the sum of the Daily Settlement Amounts for each of the fifty forty (40) consecutive VWAP Trading Days during the applicable Observation Period; provided, however, that the Issuer shall pay an amount of cash in lieu of any fractional Common Ordinary Share determined in accordance with Section 7.03(a)(iv) hereof. The Issuer shall pay or cause to be delivered, as the case may be, such settlement amount on the second Business Day immediately following the last VWAP Trading Day of such Observation Period.

Appears in 1 contract

Samples: Indenture (Jazz Pharmaceuticals PLC)

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