Settlement of Warrants. (a) Full Physical Settlement shall apply to each Warrant unless the Warrantholder elects for Net Share Settlement to apply upon exercise of such Warrant. Such election shall be made (i) in the case of a Certificated Warrant, in the Exercise Notice for such Warrant, or (ii) in the case of a Global Warrant, in accordance with the procedures established by the Depositary for the exercise of Warrants.
Settlement of Warrants. Net Share Settlement shall apply to each Warrant upon exercise of such Warrant. For each Warrant exercised hereunder, on the Settlement Date for such Warrant, the Company shall cause to be delivered to the Warrantholder a number of shares of Common Stock (which in no event will be less than zero) (the “Net Share Amount”) equal to the sum of the Daily Settlement Amounts for each of the 10 consecutive Trading Days during the related Calculation Period, together with Cash in respect of any fractional shares of Common Stock as provided in Section 3.07. Notwithstanding the foregoing, if any information required in order to calculate the Net Share Amount deliverable upon exercise of a Warrant will not be available as of the applicable Settlement Date, the Company shall deliver any additional shares of Common Stock resulting from that adjustment on the third Trading Day after the earliest Trading Day on which such calculation can be made.
Settlement of Warrants. (a) Warrants may be exercised using Cash Settlement or Cashless Settlement in accordance with this Article 3 at any time prior to the Expiration Time, either in full or from time to time in part.
Settlement of Warrants. Net Share Settlement shall apply to each Warrant upon exercise of such Warrant. For any Warrants exercised or deemed exercised hereunder, on the Settlement Date for such Warrants, the Company shall cause to be delivered to the Warrantholder, a number of shares of Common Stock (which in no event will be less than zero) (the “Net Share Amount”) equal to: where: N = the number of shares of Common Stock to be issued to the Warrantholder, rounded down to the nearest whole share; W = the number of Warrants being exercised; S = the Warrant Share Number as of the Exercise Date; A = the Fair Market Value of one share of Common Stock as of the Exercise Date; and B = the Exercise Price as of the Exercise Date.
Settlement of Warrants. (a) On the Settlement Date for such Warrant, the Company shall cause to be delivered to the Beneficial Owner one Ordinary Share (the “Full Physical Share Amount”).
Settlement of Warrants. (a) Unless the Common Stock is not listed on a National Securities Exchange on the applicable Exercise Date and the Warrantholder elects for Full Physical Settlement, Net Share Settlement shall apply to each Warrant upon exercise of such Warrant. For any Warrants exercised or deemed exercised hereunder to which Net Share Settlement applies, on the Settlement Date for such Warrants, the Company shall cause to be delivered to the Warrantholder, together with cash in lieu of any fractional shares as provided in Section 3.06, a number of shares of Common Stock (which in no event will be less than zero) (the “Net Share Amount”) equal to: N = (S × W) (A – B) A where: N = the number of shares of Common Stock to be issued to the Warrantholder, rounded down to the nearest whole share with cash paid in lieu of any fractional shares pursuant to Section 3.06; W = the number of Warrants being exercised; S = the Warrant Share Number as of the Exercise Date; A = the Fair Market Value of one share of Common Stock as of the Exercise Date; and B = the applicable Exercise Price as of the Exercise Date.
Settlement of Warrants. Net Share Settlement shall apply to each Warrant upon exercise of such Warrant. For each Warrant exercised hereunder, on the Settlement Date for such Warrant, the Company shall cause to be delivered to the Warrantholder a number of shares of Common Stock (which in no event will be less than zero) (the “Net Share Amount”) equal to (i) the Net Share Settlement Price as of the relevant Exercise Date, minus the Exercise Price (determined as of such Exercise Date), divided by (ii) such Net Share Settlement Price, together with Cash in respect of any fractional shares or fractional Warrants as provided in Section 3.05.
Settlement of Warrants. Following the occurrence of the transactions described in Section 2.2 (including the approval of the Board provided for in Section 2.2) and prior to the Effective Time, each of Xxxxxx Holdco, Xxxxxxxxx QES, Geveran Blocker I, and Geveran Blocker II shall agree with PubCo and QES LP, pursuant to a Warrant Net Exercise Agreement in substantially the form attached hereto as Exhibit B, to net settle all outstanding Warrants to purchase common units representing limited partnership interests in QES LP held by it (the “Warrants”) in connection with the Reorganization transactions.
Settlement of Warrants. Upon the proper, timely and valid exercise thereof by an Exercising Owner, the Company shall cause to be delivered to the Exercising Owner, the Settlement Share Amount on the Settlement Date.
Settlement of Warrants. Net Share Settlement shall apply to each Warrant upon exercise of such Warrant. For each Warrant exercised hereunder, on the Settlement Date for such Warrant, the Company shall cause to be delivered to the Warrantholder a number of shares of Common Stock (which in no event will be less than zero) (the “Net Share Amount”) equal to the product of (i) the Number of Shares and (ii) (A) the Closing Sale Price on the relevant Exercise Date, minus the Exercise Price (determined as of such Exercise Date), divided by (B) such Closing Sale Price, together with Cash in respect of any fractional shares of Common Stock as provided in Section 3.06.
