Early Settlement definition

Early Settlement has the meaning specified in Section 5.9(a).

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Early Settlement has the meaning specified in the Purchase Contract Agreement.

Early Settlement means where (i) the Obligor of a Purchased Receivable requests from the Servicer that the Servicer allows the Obligor on payment to the Servicer of the requested early settlement amount calculated in accordance with the Customary Operating Practices to terminate the Financing Contract and (ii) the requested early settlement amount is paid in accordance with the Customary Operating Practices with the result that no further liability exists from the Obligor under the Financing Contract that is the subject of the early settlement request.

Examples of Early Settlement in a sentence

• On the applicable Settlement Date, the Company shall issue and deliver to the Holders of the Outstanding Purchase Contracts (or, in the case of an Early Settlement, to the Holders of Purchase Contracts that have elected such Early Settlement) the aggregate number of Common Shares to which such Holders of the Purchase Contracts to be settled on such Settlement Date are entitled hereunder.

• The notice shall set forth (i) the applicable Fundamental Change Early Settlement Rate, (ii) if not solely Common Shares, the kind and amount of cash, securities and other property receivable by the Holder upon settlement, (iii) the deadline by which each Holder’s Fundamental Change Early Settlement Right must be exercised and (iv) any other information the Company determines to be appropriate.

• These calculations include, but are not limited to, determination of the applicable Settlement Rate, the Fixed Settlement Rates, the Early Settlement Rate, the Early Mandatory Settlement Rate, the Fundamental Change Early Settlement Rate, the Applicable Market Value, the Closing Price and the Daily VWAP, as the case may be.

• The undersigned Holder directs that a certificate for Common Shares or other securities, as applicable, deliverable upon such Early Settlement be registered in the name of, and delivered, together with a check in payment for any fractional Common Share and any Purchase Contract representing any Purchase Contracts evidenced hereby as to which Early Settlement is not effected, to the undersigned at the address indicated below unless a different name and address have been indicated below.

• Holders shall not have the right to require the Company to repurchase any or all of such Holders’ Notes in connection with any Early Settlement (as such term is defined in the Purchase Contract Agreement) of such Holders’ Purchase Contracts at the Holders’ option pursuant to the terms of the Purchase Contract Agreement.

More Definitions of Early Settlement

Early Settlement means, in respect of any Purchase Contract, that the Holder of such Purchase Contract has elected to settle such Purchase Contract early pursuant to Section 4.06 or Section 4.07, as the case may be.

Early Settlement has the meaning specified in Section 509(a).

Early Settlement has the meaning set forth in Section 4.04(a).

Early Settlement. Early Settlement Amount," "Failed Remarketing," "Holder," "Officers' Certificate," "Opinion of Counsel," "Outstanding Securities," "Person," "PIES," "Purchase Contract Settlement Date," "Purchase Price," "Remarketing," "Remarketing Agent," "Remarketing Agreement," "Settlement Rate," "Supplemental Indenture," "Termination Event," and "Treasury PIES;" and

Early Settlement. Early Settlement Date," "Failed Initial Remarketing", "Failed Secondary Remarketing","Growth PACS," "Holder," "Income PACS," "Initial Remarketing", "Initial Remarketing Date", " Notes," "Officers' Certificate," "Opinion of Counsel," "Outstanding Securities," "Purchase Contract," "Purchase Contract Settlement Date," "Purchase Price," "Redemption Amount", "Remarketing Fee", "Remarketing Agent," "Remarketing Agreement," "Remarketing Fee," "Secondary Remarketing","Security", "Settlement Rate," "Successful Initial Remarketing", "Tax Event", "Tax Event Redemption", "Tax Event Redemption Date", "Termination Event," "Treasury Portfolio", and "Underwriting Agreement"; and

Early Settlement has the meaning set forth in Section 511.

Early Settlement. Early Settlement Amount," "Early Settlement Date," "Holders," "Indenture," "Indenture Trustee," "Opinion of Counsel," "Outstanding Securities," "SPC Units," "Person," "Purchase Contract," "Purchase Contract Payments," "Purchase Contract Settlement Date," "Purchase Price," "Remarketing Agent," "Remarketing Agreement," "Settlement Rate," "Termination Event," "Treasury SPC Units," and "Underwriting Agreement";