Common use of Combination Settlement Clause in Contracts

Combination Settlement. If applicable, Nomura will pay or deliver, as the case may be, to Counterparty, on the Settlement Date, the amount of cash and number of Shares included in the Combination Settlement Amount in respect of any Option exercised or deemed exercised hereunder. In no event will such amount of cash or such number of Shares be less than zero. Combination Settlement Amount: In respect of any Option exercised or deemed exercised hereunder, an amount of cash equal to the aggregate amount of cash, together with a number of Shares equal to the aggregate number of Shares, included in the Daily Combination Settlement Amounts for each of the 50 consecutive Valid Days during the Settlement Averaging Period.