Physical Settlement. If Physical Settlement is applicable, then on the relevant Settlement Date, Dealer 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 such Settlement Date and Counterparty will deliver to Dealer a number of Shares equal to such number of Designated Shares.
Appears in 9 contracts
Sources: Confirmation of Issuer Forward Transaction (Consolidated Edison Inc), Sales Agency Agreement (Dominion Energy, Inc), Sales Agency Agreement (Dominion Energy, Inc)
Physical Settlement. If Physical Settlement is applicable, then on Counterparty shall deliver to Dealer through the relevant Clearance System a number of Shares equal to the Settlement Shares for such Settlement Date, and Dealer will shall pay to Counterparty Counterparty, by wire transfer of immediately available funds to an account designated by Counterparty, an amount equal to the Physical Settlement Amount for such Settlement Date. Physical Settlement Amount: For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (xa) the number of Designated Shares for applicable Forward Price in effect on the related Designated relevant Settlement Date and (yb) the Daily Forward Price on Settlement Shares for such Settlement Date and Counterparty will deliver to Dealer a number of Shares equal to such number of Designated SharesDate.
Appears in 3 contracts
Sources: Equity Distribution Agreement (Affiliated Managers Group, Inc.), Master Confirmation (Affiliated Managers Group, Inc.), Master Confirmation (Affiliated Managers Group, Inc.)