Settlement Record Date Clause Samples

Settlement Record Date. The Person in whose name any CVR is registered at the close of business on the Business Day immediately preceding a Settlement Date (such date a “Settlement Record Date”), with respect to any Settlement Date, shall be entitled to receive any cash payment or Common Shares, as applicable, due on such Settlement Date, notwithstanding any transfer or exchange of such CVR subsequent to such Settlement Record Date and prior to such Settlement Date.