Settlement Method Election Date. The Scheduled Trading Day immediately preceding the first Scheduled Valid Day of the Settlement Averaging Period. If Counterparty elects Combination Settlement in respect of any Option exercised or deemed exercised hereunder, Counterparty shall also, no later than the Settlement Method Election Date, provide written notice to Dealer of the amount of cash that shall be included for purposes of such Combination Settlement (which amount must be greater than USD 1,000) (the “Specified Cash Amount”).
Appears in 2 contracts
Sources: Call Option Transaction (Wix.com Ltd.), Call Option Transaction (Nova Ltd.)
Settlement Method Election Date. The Scheduled Trading Day immediately preceding the first relevant Designated Date; provided, that Counterparty may only elect Cash Settlement or Net Share Settlement if Counterparty (i) selects a Designated Date at least ninety (90) Scheduled Valid Day Trading Days prior to the Maturity Date and (ii) delivers written notice of Settlement Method Election (the “Settlement Averaging Period. If Counterparty elects Combination Settlement in respect of any Option exercised or deemed exercised hereunder, Counterparty shall also, no later than Notice”) to Dealer and such notice contains the Designated Date and the representations and warranties required for the Settlement Method Election Date, provide written notice to Dealer of the amount of cash that shall be included for purposes of such Combination Settlement (which amount must be greater than USD 1,000) (the “Specified Cash Amount”)Election.
Appears in 2 contracts
Sources: Issuer Forward Transaction (Consolidated Edison Inc), Issuer Forward Transaction (Consolidated Edison Inc)
Settlement Method Election Date. The Scheduled Trading Day immediately preceding the first relevant Designated Date; provided, that Counterparty may only elect Cash Settlement or Net Share Settlement if Counterparty (i) selects a Designated Date at least ninety (90) Scheduled Valid Day Trading Days prior to the Maturity Date and (ii) delivers written notice of Settlement Method Election (the “Settlement Averaging Period. If Counterparty elects Combination Settlement in respect of any Option exercised or deemed exercised hereunder, Counterparty shall also, no later than Notice”) to Dealer and such notice contains the Designated Date and the representations and warranties required for the Settlement Method Election Date, provide written notice to Dealer of the amount of cash that shall be included for purposes of such Combination Election. Default Settlement (which amount must be greater than USD 1,000) (the “Specified Cash Amount”)Method: Physical Settlement.
Appears in 1 contract
Sources: Confirmation of Issuer Forward Transaction (Consolidated Edison Inc)