Common use of Settlement Value Clause in Contracts

Settlement Value. The amount in U.S. dollars by which the Exercise Price exceeds the Market Price (in the case of a Put Option) or the Market Price exceeds the Exercise Price (in the case of a Call Option) in either case multiplied by the number of shares of the Option Security covered by an exercise notice given pursuant to Section 3 below. The Market Price shall be determined as of the Exercise Date, or, if an Averaging Period is indicated in the Confirmation, the average of the Market Prices for each Business Day in the Averaging Period.

Settlement Value. The amount in U.S. dollars by which the Exercise Price exceeds the Market Price (in the case of a Put Option) ), or the Market Price exceeds the Exercise Price (in the case of a Call Option) ), in either case multiplied by the number of shares of the Option Security covered by an the exercise notice given pursuant to Section 3 belowof the Option. The Market Price shall be determined as of the Exercise Date, or, if an Averaging Period is indicated specified in the Confirmationrelated confirmation, the average of the Market Prices for each Business Day in the Averaging Period, subject to adjustment as provided in Section 5(f).

Settlement Value. The amount in In U.S. dollars by which the Exercise Price exceeds the Market Price (in the case of a Put Option) or the Market Price exceeds the Exercise Price (in the case of a Call Option) in either case multiplied by the number of shares of the Option Security covered by an exercise notice given pursuant to Section 3 below. The Market Price shall be determined as of the Exercise Date, or, if If an Averaging Period is indicated in the Confirmation, the average of the Market Prices for each Business Day in the Averaging Period.