Common use of Physical Settlement Clause in Contracts

Physical Settlement. Applicable. In lieu of Section 9.2(a)(iii) of the Equity Definitions, Dealer will deliver to Counterparty the Daily Number of Shares for the related Valuation Date on the relevant Settlement Date.

Appears in 5 contracts

Sources: Forward Stock Purchase Transaction (DeFi Development Corp.), Forward Stock Purchase Transaction (Voyager Technologies, Inc./De), Forward Stock Purchase Transaction (Applied Digital Corp.)

Physical Settlement. Applicable. In lieu of Section 9.2(a)(iii) of the Equity Definitions, Dealer will deliver to Counterparty the Daily Number of Shares for the related Valuation Settlement Date on the relevant such Settlement Date. Section 9.11 of the Equity Definitions shall be amended by excluding any representations therein relating to restrictions, obligations, limitations or requirements under applicable securities laws arising as a result of the fact that Counterparty is the Issuer of the Shares.

Appears in 1 contract

Sources: Forward Stock Purchase Transaction (Alliance Data Systems Corp)