{"component": "clause", "props": {"groups": [{"samples": [{"hash": "kLy8etDE67v", "uri": "/contracts/kLy8etDE67v#settlement-method", "label": "Call Option Transaction (Crescent Energy Co)", "score": 37.1834373474, "published": true}, {"hash": "agThIED6mN2", "uri": "/contracts/agThIED6mN2#settlement-method", "label": "Call Option Transaction (Ramaco Resources, Inc.)", "score": 36.8494186401, "published": true}, {"hash": "eUvOrtp2u5j", "uri": "/contracts/eUvOrtp2u5j#settlement-method", "label": "Call Option Transaction (Imax Corp)", "score": 36.8466796875, "published": true}], "snippet": "For any Option, Net Share Settlement; provided that if the Relevant Settlement Method set forth below for such Option is not Net Share Settlement, then the Settlement Method for such Option shall be such Relevant Settlement Method, but only if Counterparty shall have notified Dealer of the Relevant Settlement Method in the Notice of Final Settlement Method for such Option.", "snippet_links": [{"key": "net-share-settlement", "type": "definition", "offset": [16, 36]}, {"key": "provided-that", "type": "definition", "offset": [38, 51]}, {"key": "relevant-settlement-method", "type": "definition", "offset": [59, 85]}, {"key": "the-settlement", "type": "clause", "offset": [152, 166]}, {"key": "notice-of-final-settlement-method", "type": "clause", "offset": [325, 358]}], "size": 477, "hash": "000875a3d97930d637234ec1567ffbcd", "id": 1}, {"samples": [{"hash": "eYhdLtVEIEi", "uri": "/contracts/eYhdLtVEIEi#settlement-method", "label": "Indenture (Lucid Group, Inc.)", "score": 36.8767967224, "published": true}, {"hash": "2KFfyv4eUqL", "uri": "/contracts/2KFfyv4eUqL#settlement-method", "label": "Indenture (Guardant Health, Inc.)", "score": 36.8494186401, "published": true}, {"hash": "gsJBrBpTdBQ", "uri": "/contracts/gsJBrBpTdBQ#settlement-method", "label": "Indenture (Cytokinetics Inc)", "score": 36.7234764099, "published": true}], "snippet": "Upon the conversion of any Note, the Company will settle such conversion by paying or delivering, as applicable and as provided in this Article 5, either (x) shares of Common Stock, together, if applicable, with cash in lieu of fractional shares as provided in Section 5.03(B)(i)(1) (a \u201cPhysical Settlement\u201d); (y) solely cash as provided in Section 5.03(B)(i)(2) (a \u201cCash Settlement\u201d); or (z) a combination of cash and shares of Common Stock, together, if applicable, with cash in lieu of fractional shares as provided in Section 5.03(B)(i)(3) (a \u201cCombination Settlement\u201d).", "snippet_links": [{"key": "conversion-of", "type": "clause", "offset": [9, 22]}, {"key": "the-company-will", "type": "clause", "offset": [33, 49]}, {"key": "article-5", "type": "clause", "offset": [136, 145]}, {"key": "shares-of-common-stock", "type": "clause", "offset": [158, 180]}, {"key": "if-applicable", "type": "definition", "offset": [192, 205]}, {"key": "cash-in-lieu-of-fractional-shares", "type": "clause", "offset": [212, 245]}, {"key": "physical-settlement", "type": "definition", "offset": [287, 306]}, {"key": "cash-settlement", "type": "definition", "offset": [367, 382]}, {"key": "combination-settlement", "type": "clause", "offset": [548, 570]}], "size": 120, "hash": "2451bf99e024b9c048db35c1cbb20c5d", "id": 2}, {"samples": [{"hash": "chVY3iTQQJs", "uri": "/contracts/chVY3iTQQJs#settlement-method", "label": "Indenture (Limelight Networks, Inc.)", "score": 31.5681037903, "published": true}, {"hash": "2icyNtxrR4y", "uri": "/contracts/2icyNtxrR4y#settlement-method", "label": "Indenture (Limelight Networks, Inc.)", "score": 31.5681037903, "published": true}], "snippet": "Upon the conversion of any Note, the Company will settle such conversion by paying or delivering, as applicable and as provided in this Article 5, either (x) shares of Common Stock, together, if applicable, with cash in lieu of fractional shares as provided in Section 5.03(B)(i)(1) (a \u201cPhysical Settlement\u201d); (y) solely cash as provided in Section 5.03(B)(i)(2) (a \u201cCash Settlement\u201d) or (z) a combination of cash and shares of Common Stock, together, if applicable, with cash in lieu of fractional shares as provided in Section 5.03(B)(i)(3) (a \u201cCombination Settlement\u201d). The Company will have the right to elect the Settlement Method applicable to any conversion of a Note; provided, however, that:\n(i) subject to clause (iii) below, all conversions of Notes with a Conversion Date that occurs on or after May 1, 2025 will be settled using the same Settlement Method, and the Company will send written notice of such Settlement Method to Holders, the Trustee and the Conversion Agent no later than the Close of Business on the Scheduled Trading Day immediately before May 1, 2025;\n(ii) subject to clause (iii) below, if the Company elects a Settlement Method with respect to the conversion of any Note whose Conversion Date occurs before May 1, 2025, then the Company will send notice of such Settlement Method to the Holder of such Note, the Trustee and Conversion Agent no later than the Close of Business on the Business Day immediately after such Conversion Date;\n(iii) if any Notes are called for Redemption, then (1) the Company will specify, in the related Redemption Notice sent pursuant to Section 4.03(F) and (G), the Settlement Method that will apply to all conversions of Notes with a Conversion Date that occurs on or after the related Redemption Notice Date and on or before the Close of Business on the Business Day immediately before the related Redemption Date; and (2) if such Redemption Date occurs on or after May 1, 2025, then such Settlement Method must be the same Settlement Method that, pursuant to clause (i) above, applies to all conversions of Notes with a Conversion Date that occurs on or after May 1, 2025;\n(iv) the Company will use the same Settlement Method for all conversions of Notes with the same Conversion Date (and, for the avoidance of doubt, the Company will not be obligated to use the same Settlement Method with respect to conversions of Notes with different Conversion Dates, except as provided in clause (i) or (iii) above);\n(v) if the Company does not timely elect a Settlement Method with respect to the conversion of a Note, then the Company will be deemed to have elected the Default Settlement Method (and, for the avoidance of doubt, the failure to timely make such election will not constitute a Default or Event of Default);\n(vi) if the Company timely elects Combination Settlement with respect to the conversion of a Note but does not timely notify the Holder of such Note of the applicable Specified Dollar Amount, then the Specified Dollar Amount for such conversion will be deemed to be $1,000 per $1,000 principal amount of Notes (and, for the avoidance of doubt, the failure to timely send such notification will not constitute a Default or Event of Default); and\n(vii) the Settlement Method will be subject to Sections 5.09(A)(2)and 5.01(C)(i)(3)(a). In addition, the Company may, by notice to Holders, the Trustee and the Conversion Agent, elect to irrevocably fix the Settlement Method to any Settlement Method that the Company is then permitted to elect in accordance with this Indenture, including Combination Settlement with a Specified Dollar Amount per $1,000 principal amount of Notes of $1,000 or with an ability to continue to set the Specified Dollar Amount per $1,000 principal amount of Notes at or above any specific amount set forth in such election notice, that will apply to all conversions of Notes with a Conversion Date that is on or after the date the Company sends such notice. If the Company changes the Default Settlement Method or elects to irrevocably fix the Settlement Method, in either case, to Combination Settlement with an ability to continue to set the Specified Dollar Amount per $1,000 principal amount of Notes at or above a specified amount, the Company will, after the date of such change or election, as the case may be, inform Holders converting their Notes, the Trustee and the Conversion Agent of such Specified Dollar Amount no later than the Close of Business on the Business Day immediately following the related Conversion Date (or in the case of any conversions of Notes called (or deemed called) for Redemption for which the relevant Conversion Date occurs on or after a Redemption Notice Date and on or before the Close of Business on the Business Day immediately before the related Redemption Date, in the related Redemption Notice), or, if the Company does not timely inform the Holders, the Trustee and the Conversion Agent of the Specified Dollar Amount, such Specified Dollar Amount will be the specific amount set forth in the change or election notice or, if no specific amount was set forth in the election notice, such Specified Dollar Amount will be $1,000 per $1,000 principal amount of Notes. Notwithstanding the foregoing or anything to the contrary in this Indenture, no such change in the Default Settlement Method or irrevocable election will affect any Settlement Method theretofore elected (or deemed to be elected) with respect to any Note pursuant to this Section 5.03(A). For avoidance of doubt, such an irrevocable election, if made, will be effective without the need to amend the Indenture or the Notes, including pursuant to Article 8. 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"3Yhtoq1koYg", "uri": "/contracts/3Yhtoq1koYg#settlement-method", "label": "Warrant Agreement (On Semiconductor Corp)", "score": 34.1635856628, "published": true}, {"hash": "8QgJ0nlcyTT", "uri": "/contracts/8QgJ0nlcyTT#settlement-method", "label": "Warrant Agreement (Realogy Group LLC)", "score": 32.4195747375, "published": true}], "snippet": "Net Share Settlement. Net Share Settlement: On the relevant Settlement Date, Company shall deliver to Dealer a number of Shares equal to the Share Delivery Quantity for such Settlement Date to the account specified herein free of payment through the Clearance System, and Dealer shall be treated as the holder of record of such Shares at the time of delivery of such Shares or, if earlier, at 5:00 p.m. (New York City time) on such Settlement Date, and Company shall pay to Dealer cash in lieu of any fractional Share based on the Settlement Price on the relevant Valuation Date.", "snippet_links": [{"key": "net-share-settlement", "type": "definition", "offset": [0, 20]}, {"key": "relevant-settlement-date", "type": "definition", "offset": [51, 75]}, {"key": "deliver-to", "type": "definition", "offset": [91, 101]}, {"key": "number-of-shares", "type": "definition", "offset": [111, 127]}, {"key": "equal-to", "type": "definition", "offset": [128, 136]}, {"key": "share-delivery-quantity", "type": "definition", "offset": [141, 164]}, {"key": "the-account", "type": "clause", "offset": [193, 204]}, {"key": "of-payment", "type": "definition", "offset": [227, 237]}, {"key": "clearance-system", "type": "clause", "offset": [250, 266]}, {"key": "record-of", "type": "clause", "offset": [313, 322]}, {"key": "delivery-of", "type": "clause", "offset": [350, 361]}, {"key": "new-york-city-time", "type": "clause", "offset": [404, 422]}, {"key": "and-company", "type": "clause", "offset": [449, 460]}, {"key": "pay-to", "type": "definition", "offset": [467, 473]}, {"key": "in-lieu-of", "type": "clause", "offset": [486, 496]}, {"key": "fractional-share", "type": "definition", "offset": [501, 517]}, {"key": "based-on", "type": "definition", "offset": [518, 526]}, {"key": "settlement-price", "type": "definition", "offset": [531, 547]}, {"key": "relevant-valuation-date", "type": "definition", "offset": [555, 578]}], "size": 81, "hash": "a9ca92a3284f75862ab51d5033c2bb60", "id": 4}, {"samples": [{"hash": "9gIiMzJm5M3", "uri": "/contracts/9gIiMzJm5M3#settlement-method", "label": "Warrant Agreement (Tabula Rasa HealthCare, Inc.)", "score": 30.1143054962, "published": true}, {"hash": "2cgrj8UTtU6", "uri": "/contracts/2cgrj8UTtU6#settlement-method", "label": "Warrant Agreement (Tabula Rasa HealthCare, Inc.)", "score": 30.1143054962, "published": true}, {"hash": "5axgxNRBsZr", "uri": "/contracts/5axgxNRBsZr#settlement-method", "label": "Warrant Agreement (Kbr, Inc.)", "score": 29.873374939, "published": true}], "snippet": "Net Share Settlement.", "snippet_links": [{"key": "net-share-settlement", "type": "definition", "offset": [0, 20]}], "size": 59, "hash": "d5c3dfcd7b23b7ab57742b3d397a07fc", "id": 5}, {"samples": [{"hash": "lbYiahrsoPu", "uri": "/contracts/lbYiahrsoPu#settlement-method", "label": "Confirmation (American Water Works Company, Inc.)", "score": 36.6002731323, "published": true}, {"hash": "9ncKE8cFXUu", "uri": "/contracts/9ncKE8cFXUu#settlement-method", "label": "Confirmation (American Water Works Company, Inc.)", "score": 36.6002731323, "published": true}, {"hash": "k7DbWOaOf7w", "uri": "/contracts/k7DbWOaOf7w#settlement-method", "label": "Confirmation (American Water Works Company, Inc.)", "score": 36.5947990417, "published": true}], "snippet": "Physical Settlement, Cash Settlement or Net Share Settlement, at the election of Party B as set forth in a Settlement Notice delivered on or after the Effective Date that satisfies the Settlement Notice Requirements; provided that Physical Settlement shall apply (i) if no Settlement Method is validly selected, (ii) with respect to any Settlement Shares in respect of which Party A is unable, in its good faith and commercially reasonable judgment, to unwind its hedge by the end of the Unwind Period in a manner that, in the good faith and commercially reasonable judgment of Party A based upon the advice of counsel, is consistent with the requirements for qualifying for the safe harbor provided by Rule 10b-18 under the Exchange Act or due to the lack of sufficient liquidity in the Shares on any Exchange Business Day during the Unwind Period, or (iii) to any Termination Settlement Date (as defined below under \u201cTermination Settlement\u201d). For the avoidance of doubt, during any Unwind Period, Party B may elect Physical Settlement (as described above) in respect of any Shares that are not Settlement Shares for the Cash Settlement or Net Share Settlement, as the case may be, to which such Unwind Period relates. For greater clarity, with respect to any Settlement Date in respect of which Cash Settlement applies, Party A shall be deemed to have completed unwinding its hedge in respect of the portion of the Transaction to be settled on such Settlement Date when it purchases (or, to the extent applicable, unwinds derivative positions (including, but not limited to, swaps or options related to the Shares) resulting in Party A\u2019s synthetic purchase of) an aggregate number of Shares equal to the number of Settlement Shares for such Settlement Date.", "snippet_links": [{"key": "physical-settlement", "type": "definition", "offset": [0, 19]}, {"key": "cash-settlement", "type": "definition", "offset": [21, 36]}, {"key": "net-share-settlement", "type": "definition", "offset": [40, 60]}, {"key": "election-of", "type": "clause", "offset": [69, 80]}, {"key": "party-b", "type": "definition", "offset": [81, 88]}, {"key": "a-settlement", "type": "clause", "offset": [105, 117]}, {"key": "after-the-effective-date", "type": "clause", "offset": [141, 165]}, {"key": "settlement-notice-requirements", "type": "clause", "offset": [185, 215]}, {"key": "provided-that", "type": "definition", "offset": [217, 230]}, {"key": "no-settlement", "type": "clause", "offset": [270, 283]}, {"key": "with-respect-to", "type": "clause", "offset": [317, 332]}, {"key": "settlement-shares", "type": "clause", "offset": [337, 354]}, {"key": "in-respect-of", "type": "definition", "offset": [355, 368]}, {"key": "party-a", "type": "clause", "offset": [375, 382]}, {"key": "good-faith", "type": "clause", "offset": [401, 411]}, {"key": "commercially-reasonable", "type": "definition", "offset": [416, 439]}, {"key": "unwind-period", "type": "clause", "offset": [488, 501]}, {"key": "advice-of-counsel", "type": "definition", "offset": [601, 618]}, {"key": "requirements-for", "type": "clause", "offset": [643, 659]}, {"key": "the-safe-harbor", "type": "clause", "offset": [675, 690]}, {"key": "rule-10b-18", "type": "definition", "offset": [703, 714]}, {"key": "the-exchange-act", "type": "definition", "offset": [721, 737]}, {"key": "lack-of", "type": "clause", "offset": [752, 759]}, {"key": "sufficient-liquidity", "type": "definition", "offset": [760, 780]}, {"key": "the-shares", "type": "clause", "offset": [784, 794]}, {"key": "exchange-business-day", "type": "definition", "offset": [802, 823]}, {"key": "termination-settlement-date", "type": "definition", "offset": [866, 893]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [945, 971]}, {"key": "the-case", "type": "definition", "offset": [1166, 1174]}, {"key": "for-greater-clarity", "type": "clause", "offset": [1220, 1239]}, {"key": "the-transaction", "type": "clause", "offset": [1413, 1428]}, {"key": "to-the-extent", "type": "clause", "offset": [1490, 1503]}, {"key": "derivative-positions", "type": "definition", "offset": [1524, 1544]}, {"key": "not-limited", "type": "clause", "offset": [1561, 1572]}, {"key": "related-to", "type": "clause", "offset": [1594, 1604]}, {"key": "purchase-of", "type": "clause", "offset": [1650, 1661]}, {"key": "aggregate-number-of-shares", "type": "definition", "offset": [1666, 1692]}, {"key": "equal-to", "type": "definition", "offset": [1693, 1701]}], "size": 49, "hash": "1d1966ca76849cc9ad27ad688e83d2c6", "id": 6}, {"samples": [{"hash": "3YwUfM9jo86", "uri": "/contracts/3YwUfM9jo86#settlement-method", "label": "Indenture (Cracker Barrel Old Country Store, Inc)", "score": 36.455165863, "published": true}, {"hash": "g6YZ66sMCag", "uri": "/contracts/g6YZ66sMCag#settlement-method", "label": "Indenture (Opendoor Technologies Inc.)", "score": 36.3785095215, "published": true}, {"hash": "kS0pGeh3eOj", "uri": "/contracts/kS0pGeh3eOj#settlement-method", "label": "Indenture (Progress Software Corp /Ma)", "score": 35.162902832, "published": true}], "snippet": "Upon the conversion of any Note, the Company will settle such conversion by paying or delivering, as applicable and as provided in this Article 5, either (x) solely cash as provided in Section 5.03(B)(i)(1) (a \u201cCash Settlement\u201d); or (y) a combination of cash and shares of Common Stock, together, if applicable, with cash in lieu of fractional shares as provided in Section 5.03(B)(i)(2) (a \u201cCombination Settlement\u201d).", "snippet_links": [{"key": "conversion-of", "type": "clause", "offset": [9, 22]}, {"key": "the-company-will", "type": "clause", "offset": [33, 49]}, {"key": "article-5", "type": "clause", "offset": [136, 145]}, {"key": "cash-settlement", "type": "definition", "offset": [211, 226]}, {"key": "shares-of-common-stock", "type": "clause", "offset": [263, 285]}, {"key": "if-applicable", "type": "definition", "offset": [297, 310]}, {"key": "cash-in-lieu-of-fractional-shares", "type": "clause", "offset": [317, 350]}, {"key": "combination-settlement", "type": "clause", "offset": [392, 414]}], "size": 44, "hash": "1e50391cf45c52e879b2b70b3ccc7d08", "id": 7}, {"samples": [{"hash": "evbq63RYdjO", "uri": "/contracts/evbq63RYdjO#settlement-method", "label": "Otc Equity Prepaid Forward Transaction (Atlantic Coastal Acquisition Corp. 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If any such agent on behalf of Counterparty provides any such notice, Dealer shall be entitled to rely on the accuracy of such notice without any independent investigation, and the contents of such notice shall be binding on Counterparty.", "snippet_links": [{"key": "net-share-settlement", "type": "definition", "offset": [16, 36]}, {"key": "provided-that", "type": "definition", "offset": [38, 51]}, {"key": "relevant-settlement-method", "type": "definition", "offset": [59, 85]}, {"key": "the-settlement", "type": "clause", "offset": [155, 169]}, {"key": "authorized-by", "type": "clause", "offset": [274, 287]}, {"key": "in-writing", "type": "clause", "offset": [353, 363]}, {"key": "notice-of-final-settlement-method", "type": "clause", "offset": [433, 466]}, {"key": "on-behalf-of", "type": "clause", "offset": [502, 514]}, {"key": "entitled-to-rely", "type": "clause", "offset": [570, 586]}, {"key": "independent-investigation", "type": "definition", "offset": [630, 655]}], "size": 35, 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"snippet_links": [{"key": "a-settlement", "type": "clause", "offset": [23, 35]}, {"key": "net-share-settlement", "type": "definition", "offset": [54, 74]}, {"key": "notice-of-final-settlement-method", "type": "clause", "offset": [82, 115]}, {"key": "date-of", "type": "clause", "offset": [253, 260]}, {"key": "possession-of", "type": "clause", "offset": [303, 316]}, {"key": "material-non", "type": "clause", "offset": [321, 333]}, {"key": "public-information", "type": "definition", "offset": [334, 352]}, {"key": "with-respect-to", "type": "clause", "offset": [353, 368]}, {"key": "the-shares", "type": "clause", "offset": [385, 395]}], "size": 25, "hash": "f3a623afe11d983922bee708e4363acd", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhpzZXR0bGVtZW50LW1ldGhvZCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["settlement-upon-conversion", "Settlement Upon Conversion"], ["conversion", "Conversion"], ["the-conversion-of-notes", "The 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["settlement-method-election", "Settlement Method Election", "<strong>Settlement Method</strong> Election"], ["settlement-method-election-date", "Settlement Method Election Date", "<strong>Settlement Method</strong> Election Date"], ["measurement-method", "Measurement method", "Measurement method"], ["payment-methods", "Payment Methods", "Payment Methods"]], "related_snippets": [], "updated": "2026-04-02T05:40:27+00:00", "also_ask": ["What are the most negotiable elements in a Settlement Method clause to maximize client advantage?", "Which drafting components are essential to prevent ambiguity or future disputes?", "What are the most common risks or loopholes that could undermine enforceability?", "How does this clause compare to standard settlement provisions in similar contracts or jurisdictions?", "What factors do courts consider when determining the validity and enforceability of a Settlement Method clause?"], "drafting_tip": "Specify the settlement process, define timelines, and identify responsible parties to ensure clarity, prevent disputes, and facilitate timely resolution.", "explanation": "The Settlement Method clause defines how payments or obligations between parties will be fulfilled at the conclusion of a transaction or contract. It specifies whether settlements will be made in cash, by delivery of goods or securities, or through another agreed-upon method, and may outline the timing and procedures for such settlements. By clearly establishing the process for settling obligations, this clause helps prevent disputes and ensures both parties understand how and when they will receive what is due to them."}, "json": true, "cursor": ""}}