Examples of Eligible Shares in a sentence
An Eligible Beneficial Holder who purchased Eligible Shares but had not settled those Eligible Shares by the close of trading on January 5, 2024 (“Non-Settled Shares”) shall be treated as an Eligible Class Member with respect to those Non-Settled Shares, and a person or entity who sold those Non-Settled Shares on or before the close of trading on January 5, 2024 shall not be treated as an Eligible Class Member with respect to those Non-Settled Shares.
Each Eligible Class Member will be eligible to receive a pro rata payment from the Net Settlement Fund equal to the product of (i) the number of Eligible Shares held by the Eligible Class Member and (ii) the “Per-Share Recovery,” which will be determined by dividing the total amount of the Net Settlement Fund by the total number of Eligible Shares held by all Eligible Class Members.