Daily Settlement Amount definition

Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

Daily Settlement Amount for each of the 40 consecutive VWAP Trading Days during the relevant Observation Period, shall consist of:

Daily Settlement Amount for each of the forty consecutive Trading Days during the Cash Settlement Averaging Period, shall consist of:

Examples of Daily Settlement Amount in a sentence

• The Daily Settlement Amount shall be payable on the first Bank Day following the Trading Day in question in accordance with the instructions of the Designated Clearing House.

• The Daily Settlement Amount for a Futures Contract (other than the first Daily Settlement Amount) shall be determined by reference to the difference between the Daily Settlement Price for the Futures Contract on the Trading Day in question and the Daily Settlement Price for the immediately preceding Trading Day for such Futures Contract.

• For the avoidance of doubt, the Trustee and the Conversion Agent shall rely conclusively on the calculations and information provided to them by the Company as to the Daily VWAP, Trading Price, Daily Conversion Value, Daily Settlement Amount and Last Reported Sale Price.

• The first Daily Settlement Amount for a Futures Contract shall be determined by reference to the difference between the Future Price for the Futures Contract in question and the Daily Settlement Price for the Futures Contract on that Trade Day.

• For the avoidance of doubt, in the case of Cash Settlement or Combination Settlement, if a VWAP Market Disruption Event occurs on a Scheduled Trading Day during the Conversion Period, or if such Scheduled Trading day is not a Trading Day for any other reason, then the Daily Conversion Value or Daily Settlement Amount, as applicable, will be determined on the next following Trading Day, and delivery of the Settlement Amount will be delayed accordingly.

More Definitions of Daily Settlement Amount

Daily Settlement Amount means, for each of the 20 consecutive Trading Days during the Observation Period:

Daily Settlement Amount means the amount payable to or by a Member Firm in relation to each Daily Cash Settlement;

Daily Settlement Amount has the meaning specified in Section 4.03(a)(6) hereof.

Daily Settlement Amount for each Trading Day during the Observation Period, shall consist of:

Daily Settlement Amount means, for each of the 50 consecutive Trading Days during the Observation Period, the sum of: (A) cash equal to the lesser of (i) 1/50th of $1,000 and (ii) the Daily Conversion Value for such Trading Day; and (B) if the Daily Conversion Value exceeds 1/50th of $1,000, the Daily Net Settlement Amount.

Daily Settlement Amount means, with respect to each of the 40 consecutive VWAP Trading Days during an Observation Period for a conversion of Notes, (i) cash equal to the lesser of (x) the Specified Dollar Amount applicable to such conversion, divided by forty (40) (such quotient, the “Daily Measurement Value”); and (y) the Daily Conversion Value on such VWAP Trading Day (the lesser of such preceding clauses (x) and (y), the “Daily Cash Amount”); and (ii) if such Daily Conversion Value exceeds such Daily Measurement Value, a number of shares of Common Stock (such number, the “Daily Share Amount”) equal to (x) the difference between such Daily Conversion Value and such Daily Measurement Value, divided by (y) the Daily VWAP for such VWAP Trading Day.

Daily Settlement Amount has the meaning specified in Section 4.03(b).