Common use of Physical Settlement Clause in Contracts

Physical Settlement. Notwithstanding Section 9.2(a)(i) of the Equity Definitions, on the Settlement Date, Dealer shall pay to Counterparty an amount equal to the Forward Price on the relevant Valuation Date multiplied by the number of Settlement Shares for such Settlement, and Counterparty shall deliver to Dealer such Settlement Shares.

Appears in 13 contracts

Samples: Equity Distribution Agreement (QualityTech, LP), Equity Distribution Agreement (QualityTech, LP), Independence Realty Trust, Inc.

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Physical Settlement. Notwithstanding Section 9.2(a)(i) of the Equity DefinitionsIf Physical Settlement is applicable, then on the relevant Settlement Date, Dealer shall will pay to Counterparty an amount equal to the product of (x) the number of Designated Shares for the related Designated Date and (y) the Daily Forward Price on the relevant Valuation such Settlement Date multiplied by the number of Settlement Shares for such Settlement, and Counterparty shall will deliver to Dealer a number of Shares equal to such Settlement number of Designated Shares. Section 9.2 of the Equity Definitions (other than the last sentence thereof) will not apply to any Physical Settlement. Prepayment: Not Applicable.

Appears in 4 contracts

Samples: Sales Agency Agreement (Dominion Energy, Inc), Consolidated Edison Inc, Consolidated Edison Inc

Physical Settlement. Notwithstanding Section 9.2(a)(i) of the Equity Definitions, on the Settlement DateDate for any Physical Settlement of any Transaction, Dealer shall pay to Counterparty an amount in USD equal to the Forward Price for such Transaction on the relevant Valuation Settlement Date multiplied by the number of Settlement Shares for such Settlement, and Counterparty shall deliver to Dealer such Settlement Shares.

Appears in 2 contracts

Samples: Equity Distribution Agreement (Black Hills Corp /Sd/), Equity Distribution Agreement (CMS Energy Corp)

Physical Settlement. Notwithstanding Section 9.2(a)(i) of the Equity Definitions, on the Settlement DateDate for any Physical Settlement, Dealer shall pay to Counterparty Company, by wire transfer of immediately available funds, an amount equal to the Forward Price on the relevant Valuation Settlement Date multiplied by the number of Settlement Shares for such Settlement, and Counterparty Company shall deliver to Dealer such Settlement SharesShares through the Clearance System.

Appears in 1 contract

Samples: Essential Utilities, Inc.

Physical Settlement. Notwithstanding Section 9.2(a)(i) of the Equity Definitions, on the Physical Settlement Date, Dealer shall pay to Counterparty an amount equal to the Forward Price on the relevant Valuation Date multiplied by the number of Settlement Shares for such Settlement, and Counterparty shall deliver to Dealer such Settlement Shares. Physical Settlement Date: The Valuation Date.

Appears in 1 contract

Samples: Atmos Energy Corp

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Physical Settlement. Notwithstanding Section 9.2(a)(i9.2(a) of the Equity Definitions, on the Physical Settlement Date, Dealer shall pay to Counterparty an amount equal to the Forward Price on the relevant Valuation Date multiplied by the number of Settlement Shares for such Settlement, and Counterparty shall deliver to Dealer such Settlement Shares. Physical Settlement Date: The Valuation Date.

Appears in 1 contract

Samples: Underwriting Agreement (Dominion Energy Inc /Va/)

Physical Settlement. Notwithstanding Section 9.2(a)(i) of the Equity Definitions, on the Settlement DateDate for any Physical Settlement, Dealer shall pay to Counterparty CONE, by wire transfer of immediately available funds, an amount equal to the Forward Price on the relevant Valuation Settlement Date multiplied by the number of Settlement Shares for such Settlement, and Counterparty CONE shall deliver to Dealer such Settlement SharesShares through the Clearance System.

Appears in 1 contract

Samples: Terms Agreement (CyrusOne Inc.)

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