Common use of Settlement Methods Clause in Contracts

Settlement Methods. Except to the extent otherwise provided in Sections 7.05(f), 7.05(h), 7.06(f) and 7.07 hereof, upon exchange of any Note, the Issuer shall pay or cause the delivery of, as the case may be, to the exchanging Holder, in respect of each $1,000 principal amount of Notes being exchanged, cash (a “Cash Settlement”), Ordinary Shares, together with cash, if applicable, in lieu of any fractional Ordinary Share (a “Physical Settlement”), or a combination of cash and Ordinary Shares, together with cash in lieu of any fractional Ordinary Share (a “Combination Settlement,” and each of Cash Settlement, Physical Settlement and Combination Settlement, a “Settlement Method,” and the obligation to effect such payment and/or delivery, the “Exchange Obligation”), at the election of the Issuer, based on the Settlement Method that applies to the Note and the Exchange Rate in effect on the applicable Exchange Date, in each case, as follows:

Appears in 2 contracts

Samples: Indenture (Jazz Pharmaceuticals PLC), Indenture (Jazz Pharmaceuticals PLC)

AutoNDA by SimpleDocs

Settlement Methods. Except to the extent otherwise provided in Sections 7.05(f), 7.05(h), 7.06(f) and 7.07 hereof, upon exchange of any Note, the Issuer shall pay or cause the delivery of, as the case may be, to the exchanging Holder, in respect of each $1,000 principal amount of Notes being exchanged, cash (a “Cash Settlement”), Ordinary Common Shares, together with cash, if applicable, in lieu of any fractional Ordinary Common Share (a “Physical Settlement”), or a combination of cash and Ordinary Common Shares, together with cash in lieu of any fractional Ordinary Common Share (a “Combination Settlement,” and each of Cash Settlement, Physical Settlement and Combination Settlement, a “Settlement Method,” and the obligation to effect such payment and/or delivery, the “Exchange Obligation”), at the election of the Issuer, based on the Settlement Method that applies to the Note and the Exchange Rate in effect on the applicable Exchange Date, in each case, as follows:

Appears in 1 contract

Samples: Atlas Corp.

Settlement Methods. Except to the extent otherwise provided in Sections 7.05(f), 7.05(h), Section 7.06(f) and 7.07 hereof, upon exchange of any Note, the Issuer shall pay or cause the delivery of, as the case may be, to the exchanging Holder, in respect of each $1,000 principal amount of Notes being exchanged, cash (a “Cash Settlement”), Ordinary Shares, together with cash, if applicable, in lieu of any fractional Ordinary Share Shares (a “Physical Settlement”), or a combination of cash and Ordinary Shares, together with cash in lieu of any fractional Ordinary Share Shares (a “Combination Settlement,” and each of Cash Settlement, Physical Settlement and Combination Settlement, a “Settlement Method,” and the obligation to effect such payment and/or delivery, the “Exchange Obligation”), at the election of the Issuer, based on the Settlement Method that applies to the Note and the Exchange Rate in effect on the applicable Exchange Date, in each case, as follows:

Appears in 1 contract

Samples: Horizon Pharma PLC

AutoNDA by SimpleDocs

Settlement Methods. Except to the extent otherwise provided in Sections 7.05(f), 7.05(h), 7.06(f) and 7.07 hereof, upon exchange of any Note, the Issuer shall pay or cause the delivery of, as the case may be, to the exchanging Holder, in respect of each $1,000 principal amount of Notes being exchanged, cash (a “Cash Settlement”), Ordinary Shares, together with cash, if applicable, in lieu of any fractional Ordinary Share Shares (a “Physical Settlement”), or a combination of cash and Ordinary Shares, together with cash in lieu of any fractional Ordinary Share Shares (a “Combination Settlement,” and each of Cash Settlement, Physical Settlement and Combination Settlement, a “Settlement Method,” and the obligation to effect such payment and/or delivery, the “Exchange Obligation”), at the election of the Issuer, based on the Settlement Method that applies to the Note and the Exchange Rate in effect on the applicable Exchange Date, in each case, as follows:

Appears in 1 contract

Samples: Indenture (Jazz Pharmaceuticals PLC)

Time is Money Join Law Insider Premium to draft better contracts faster.