Default Settlement Method. Physical Settlement Physical Settlement: Notwithstanding Section 9.2(a)(i) of the Equity Definitions, on the Settlement Date, Party A shall pay to Party B an amount equal to the Forward Price on the relevant Valuation Date multiplied by the number of Settlement Shares for such Settlement, and Party B shall deliver to Party A such Settlement Shares.
Appears in 2 contracts
Sources: Issuer Share Forward Sale Transaction (Cedar Realty Trust, Inc.), Additional Issuer Share Forward Sale Transaction (Cedar Realty Trust, Inc.)
Default Settlement Method. Physical Settlement Physical Settlement: Notwithstanding Section 9.2(a)(i) of the Equity Definitions, on the Settlement DateDate for any Physical Settlement of any Transaction, Party A shall pay to Party B an amount equal to the Forward Price for such Transaction on the relevant Valuation Date multiplied by the number of Settlement Shares for such Settlement, and Party B shall deliver to Party A such Settlement Shares.
Appears in 1 contract
Sources: Equity Distribution Agreement (Brixmor Operating Partnership LP)