Cash Settlement Value definition

Cash Settlement Value of a Warrant shall equal an amount in U.S. dollars (rounded down to the nearest one-hundredth of a cent) that is the greater of (A) zero and (B) the product of (i) the quotient obtained by dividing (x) the amount, if any, by which the Final Index Level for the applicable Valuation Date exceeds the Strike Price by (y) the Initial Index Level and (ii) the Notional Amount.

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Cash Settlement Value in respect of any exercised Warrant means an amount equal to the excess, if any, of the arithmetic average of (i) the Market Value of the Underlying Common Stock for the period commencing on the fourth and ending on and including the thirteenth Business Day immediately following the date on which such Warrant is exercised, subject to adjustment pursuant to Section 6 hereof, the provisions of which shall be applied for this purpose through such thirteenth Business Day, over (ii) the Purchase Price relating to such Warrant as adjusted pursuant to Section 6 hereof through such thirteenth Business Day.

Cash Settlement Value means (i) in the case of PLDT Shares, the simple average of the daily volume weighted average price as obtained or derived from the Relevant Exchange for one PLDT Share calculated for the seven consecutive Trading Days ending on the twelfth Trading Day after the Exchange Date; and (ii) in the case of any other Relevant Security, the simple average of the daily volume weighted average price as obtained or derived from such stock exchange or other securities market on which such Relevant Security is principally traded for one share of such Relevant Security calculated for the seven consecutive Trading Days ending on the twelfth Trading Day after the Exchange Date. The calculation of the Cash Settlement Amount and Cash Settlement Value by the Issuer or the Guarantor shall be verified in all cases by an independent bank or appraiser of international repute acting as an expert selected by the Issuer or the Guarantor and approved in writing by the Trustee.

Examples of Cash Settlement Value in a sentence

Such funds are to be in an amount equal to the aggregate Cash Settlement Value of the Warrants subject to such automatic exercise.
Such payment shall be in the amount of the aggregate Cash Settlement Value in respect of the Warrants, evidenced by such Warrant Certificates, that were exercised automatically on the Expiration Date or on any Delisting Date, as the case may be.
Warrantholders will not receive any interest on any Cash Settlement Value.
In no event shall a Warrantholder be entitled to any interest on any Cash Settlement Value.
In no event shall a registered or beneficial holder of a Warrant (each a "Warrantholder") be entitled to receive any interest on any Cash Settlement Value.
Each Warrant entitles the Warrantholder to receive, upon exercise (including automatic exercise), the Cash Settlement Value of such Warrant, except that, under the circumstances described below, such Warrantholder may instead receive the Alternative Settlement Amount for such Warrant or, in certain circumstances following an Extension Event, the Warrants will be deemed to be worthless.
Unless otherwise indicated above, a Warrant will not require or entitle a Warrantholder to sell or deliver to the Company, nor will the Company be under any obligation to, nor will it, purchase or take delivery from any Warrantholder of, any Warrant Property, and upon exercise of a Warrant, the Company will make only a cash payment in the amount of the Cash Settlement Value or Put Price per Warrant.
If the Exercise Notice is not rejected as provided in the Warrant Agreement, then the Warrant Agent or the Determination Agent, as the case may be, will determine the Cash Settlement Value of the exercised Warrants in accordance with the terms of the Warrant Agreement.
Each Warrant shall represent the right, subject to the provisions contained herein, to receive the Cash Settlement Value (as defined herein) of such Warrant upon exercise.
Warrantholders will not receive any interest on any Cash Settlement Value or Alternative Settlement Amount, and the Warrants will not entitle the Warrantholders to any of the rights of holders of any of the Underlying Stocks or any other securities.

More Definitions of Cash Settlement Value

Cash Settlement Value with respect to each Warrant will be an amount in U.S. Dollars equal to the greater of (i) $0 and (ii) the notional amount per Warrant multiplied by the lesser of (A) the Index Return and (B) the Maximum Return. The Cash Settlement Value will be rounded to the nearest cent, with one-half cent rounded upward. The change in the Index from the Initial Index Level to the Ending Index Level (expressed as a percentage of the Initial Index Level) (the “Index Return”) is described by the following formula: The “Index” means the S&P 500® Index designed, developed, maintained and operated by Standard and Poor’s, a division of the M▇▇▇▇▇-▇▇▇▇ Companies, Inc (“S&P” or the “Index Sponsor”). The “Initial Index Level” is 849.50, as determined in the sole discretion of the Calculation Agent on the pricing date of April 9, 2009 (the “Pricing Date”).

Cash Settlement Value of an exercised Warrant shall be an amount in [name of payment currency] equal to [formula or method of calculation for cash settlement value] provided, however, that if such amount is less than zero, then the Cash Settlement Value shall be zero. For purposes of this Agreement, the "Index" means the [Reference Index] and the "Spot Value" for any date means the closing level on such date of the [Reference Index]. References in this Agreement to "U.S. dollars", "U.S.$" or "$" are to the lawful currency of the United States of America, [and references to [other currency] are to the lawful currency of [country of the principal trading market for the Underlying Securities]] [other provisions if the principal trading markets for the Underlying Securities are in more than one country] [alternative provision for indices not based on securities].

Cash Settlement Value with respect to each Warrant will be an amount in U.S. Dollars equal to the greater of (i) $0 and (ii) the notional amount per Warrant multiplied by the lesser of (A) the Index Return and (B) the Maximum Return. The “Index Return” is calculated as follows: The “Index” means the S&P 500® Index designed, developed, maintained and operated by Standard and Poor’s, a division of the M▇▇▇▇▇-▇▇▇▇ Companies, Inc (“S&P” or the “Index Sponsor”). The “Initial Index Level” is 849.50, as determined in the sole discretion of the Calculation Agent on the pricing date of April 9, 2009 (the “Pricing Date”).

Cash Settlement Value. = the greater of