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 of the 45 consecutive Trading Days of the applicable Cash Settlement Averaging Period, will consist of:
(A) cash equal to the lesser of (i) a dollar amount per Note to be received upon conversion as specified by the Company in the Settlement Notice (the “Specified Dollar Amount”), if any, divided by 45 (such quotient being referred to as the “Daily Measurement Value”) and (ii) the Daily Conversion Value; and
(B) to the extent 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 of the Common Stock for such Trading Day.
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 for each $1,000 principal amount of Notes, for each of the 25 consecutive Trading Days in the relevant Conversion Period, shall consist of: