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 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 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 third Business Day immediately following the last VWAP Trading Day of such Observation Period.
Appears in 1 contract
Sources: Indenture (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 forty twenty-five (4025) 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 Ordinary Shares 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 third Business Day immediately following the last VWAP Trading Day of such Observation Period.
Appears in 1 contract
Sources: Indenture (Amarin Corp Plc\uk)
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 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 Ordinary Shares 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 third second Business Day immediately following the last VWAP Trading Day of such Observation Period.
Appears in 1 contract
Sources: 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 forty (40) 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 Ordinary Shares 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 third second Business Day immediately following the last VWAP Trading Day of such Observation Period.
Appears in 1 contract
Sources: Indenture (Atlas Corp.)
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 forty thirty (4030) 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 Ordinary Shares 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 third second Business Day immediately following the last VWAP Trading Day of such Observation Period.
Appears in 1 contract
Sources: 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 forty thirty (4030) 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 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 third Business Day immediately following the last VWAP Trading Day of such Observation Period.
Appears in 1 contract
Sources: Indenture (Jazz Pharmaceuticals PLC)