Actual Sold Forward Amount definition
Actual Sold Forward Amount means, for any Forward Hedge Selling Period for any Forward, the number of Forward Hedge Securities that the Forward Seller has sold during such Forward Hedge Selling Period.
Actual Sold Forward Amount means, for any Forward Hedge Selling Period (as defined below) for any Forward (as defined below) or any portion thereof, as the context may require, the number of Forward Hedge Shares that the Forward Seller has sold during such Forward Hedge Selling Period or any portion thereof, respectively.
Actual Sold Forward Amount means, for any Forward Hedge Selling Period for any Forward, the specified, fixed number of Forward Hedge Shares instructed to be sold by the applicable Forward Seller during such Forward Hedge Selling Period in connection with establishing its commercially reasonable hedge position in a commercially reasonable manner; provided, however, that if (x) such Forward Seller, in its commercially reasonable judgment, is unable, after using commercially reasonable efforts, to borrow and deliver for sale the full number of Forward Hedge Shares to be borrowed and sold pursuant to this Agreement for a Forward Hedge Selling Period, or (y) in Forward Seller’s commercially reasonable judgment, it would incur a stock loan cost of more than a rate equal to the Maximum Stock Loan Rate for such Transaction (as such terms are defined in the related Master Forward Confirmation) with respect to all or any portion of such full number of Shares, the relevant Actual Sold Forward Amount shall be reduced to the number of Shares such Forward Seller is so able to borrow in connection with establishing its commercially reasonable hedge position of such Transaction at a cost of not more than a rate equal to the Maximum Stock Loan Rate for such Transaction.
Examples of Actual Sold Forward Amount in a sentence
The compensation to each Forward Seller for sales of Shares hereunder shall be equal to up to the product of (A) the maximum Forward Hedge Selling Commission Rate and (B) the sum, for each Forward entered into by such Forward Seller’s affiliated Forward Purchaser, of the product of (1) the Actual Sold Forward Amount for such Forward and (2) the “Volume-Weighted Hedge Price” (as defined in the Master Forward Confirmation) for such Forward.
More Definitions of Actual Sold Forward Amount
Actual Sold Forward Amount means, for any Forward Hedge Selling Period (as defined below) for any Forward (as defined below), the number of Forward Hedge Shares that the Forward Seller has sold during such Forward Hedge Selling Period.
Actual Sold Forward Amount means, for any Forward, the Number of Shares (as defined in the Master Forward Confirmations) specified in the Pricing Supplement for such Forward.
Actual Sold Forward Amount means, for any Forward Hedge Selling Period for any Forward, the number of Forward Hedge Securities to be the specified, fixed number (i.e., the Fixed Number of Securities to be Sold) set forth in the Transaction Proposal; provided, however, that in the event the Forward Purchaser for such Forward, in its commercially reasonable judgment, determines that it is unable (via the Forward Seller) through commercially reasonable efforts to establish a commercially reasonable hedge position in such number of Forward Hedge Securities in accordance with the Transaction Proposal in light of market liquidity conditions and/or the provisions of Section 1 of this Agreement, the Actual Sold Forward Amount shall equal the aggregate number of Forward Hedge Securities actually sold through such Forward Seller (in connection with the establishment of a commercially reasonable hedge position) pursuant to this Agreement (including Sections 1(c) and 1(e) hereof) during the Forward Hedge Selling Period.
Actual Sold Forward Amount means, for any Forward Hedge Selling Period (as defined below) for any Forward (as defined below) or any portion thereof, as the context may 1 NTD: Changes to introductory paragraph applicable only to BMO and Truist. 2 NTD: To remove subject bank from litany of “Alternative Agents.” 276938411 v5 require, the number of Forward Hedge Shares that the Forward Seller has sold during such Forward Hedge Selling Period or any portion thereof, respectively.
Actual Sold Forward Amount means, for any Forward Hedge Selling Period (as defined below) for any Forward (as defined below) or any portion thereof, as the context may 1 NTD: Changes to introductory paragraph applicable only to BMO and Truist. 2 NTD: To remove subject bank from litany of “Alternative Agents.” 276938411 v5 require, the number of Forward Hedge Shares that the Forward Seller has sold during such Forward Hedge Selling Period or any portion thereof, respectively.
Actual Sold Forward Amount means, for any Forward Hedge Selling Period (as defined below) for any Forward (as defined below) or any portion thereof, as the context may 1 NTD: Changes to introductory paragraph applicable only to BMO and Truist. 2 NTD: To remove subject bank from litany of “Alternative Agents.” 276938411 v5 require, the number of Forward Hedge Shares that the Forward Seller has sold during such Forward Hedge Selling Period or any portion thereof, respectively.