Relevant Settlement Method. In respect of any Option, subject to the Settlement Method Election Conditions: (i) if Counterparty has elected or has been deemed to have elected to settle its conversion obligations in respect of the related Relevant Convertible Note (A) with “Physical Settlement” (as defined in the Indenture) pursuant to Section 10.02(b) of the Indenture (together with cash in lieu of fractional Shares) (such settlement method, “Settlement in Shares”); (B) with “Combination Settlement” (as defined in the Indenture) pursuant to Section 10.02(b) of the Indenture with a Specified Dollar Amount less than USD 1,000 (such settlement method, “Low Cash Combination Settlement”); or (C) with Combination Settlement pursuant to Section 10.02(b) of the Indenture with a Specified Dollar Amount equal to USD 1,000, then, in each case, the Relevant Settlement Method for such Option shall be Net Share Settlement; (ii) if Counterparty has elected to settle its conversion obligations in respect of the related Relevant Convertible Note with Combination Settlement pursuant to Section 10.02(b) of the Indenture with a Specified Dollar Amount greater than USD 1,000, then the Relevant Settlement Method for such Option shall be Combination Settlement; and (iii) if Counterparty has elected to settle its conversion obligations in respect of the related Relevant Convertible Note with “Cash Settlement” (as defined in the Indenture) pursuant to Section 10.02(b) of the Indenture (such settlement method, “Settlement in Cash”), then the Relevant Settlement Method for such Option shall be Cash Settlement.
Appears in 3 contracts
Sources: Base Bond Hedge Transaction (Teradyne, Inc), Base Bond Hedge Transaction (Teradyne, Inc), Additional Bond Hedge Transaction (Teradyne, Inc)