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 has the meaning specified in Section 4.03(a)(6) hereof.
Examples of Daily Settlement Amount in a sentence
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 Daily VWAP, Trading Price, Daily Conversion Value, Daily Settlement Amount and Last Reported Sale Price.
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 for each of the forty consecutive Trading Days during the Cash Settlement Averaging Period, shall consist of:
Daily Settlement Amount means the amount payable to or by a Member Firm in relation to each Daily Cash Settlement;
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 25 consecutive Trading Days during an Observation Period for a conversion of any Notes, (i) cash equal to the lesser of (x) the Specified Dollar Amount applicable to such conversion, divided by twenty five (25) (such quotient, the “Daily Measurement Value”); and (y) the Daily Conversion Value on such 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 Trading Day.
Daily Settlement Amount for each of the 40 consecutive Trading Days of the applicable Observation Period, will consist of:
(A) cash equal to the lesser of (i) the maximum cash amount per $1,000 principal amount of Securities to be received upon conversion as specified in the Settlement Notice (the “Specified Dollar Amount”), if any, divided by 40 (such quotient being referred to as the “Daily Measurement Value”) and (ii) the Daily Conversion Value; and
(B) if the Daily Conversion Value for such Trading Day exceeds the Daily Measurement Value for such Trading Day, a number of shares of Common Stock equal to (i) the difference between the Daily Conversion Value and the Daily Measurement Value, divided by (ii) the Daily VWAP for such Trading Day.