Full Physical Settlement definition

Full Physical Settlement means the settlement method pursuant to which an exercising Beneficial Owner shall be entitled to receive from the Company, for each Warrant exercised, a number of Common Shares equal to the Full Physical Share Amount in exchange for payment by the Beneficial Owner of the applicable Exercise Price.

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Full Physical Settlement shall have the meaning set forth in the Warrant Agreement.

Full Physical Settlement means the method for settling a Warrant set forth in Section 3.02(b).

Examples of Full Physical Settlement in a sentence

If Full Physical Settlement is elected, the Company shall deliver, against payment of the Exercise Price, a number of Common Shares equal to the number of Warrants exercised.
If Net Share Settlement is elected, the Company shall deliver, without any Cash payment therefor, a number of Common Shares equal to the quotient determined by dividing (i) the Fair Value (as of the Exercise Date) of the number of Common Shares deliverable pursuant to Full Physical Settlement minus the Exercise Price that would be payable pursuant to Full Physical Settlement by (ii) the Fair Value determined pursuant to the above clause (i).
FORM OF PAYMENT OF EXERCISE PRICE: Cash, if Full Physical Settlement is applicable, or Net Share Settlement.
Full Physical Settlement shall apply to each Warrant unless the Holder elects for Net Share Settlement to apply upon exercise of such Warrant.
The Company shall at all times reserve out of its authorized but unissued Common Stock or Common Stock held in its treasury enough shares of Common Stock to permit the conversion, in accordance herewith, of all of the Securities (assuming, for such purposes, that the Company has previously elected Full Physical Settlement pursuant to Section 10.02(C)).
If Full Physical Settlement is elected, the Company shall deliver, against payment of the Exercise Price, a number of shares of Common Stock equal to the number of Warrants exercised or converted.
If Full Physical Settlement is elected, the Company shall deliver, against payment of the Exercise Price, a number of shares of Common Stock equal to the number of Warrants exercised or converted, as such number may be adjusted pursuant to the terms of the Warrant Agreement.
Full Physical Settlement shall apply to each Series A-1 Warrant unless the Holder elects for Net Share Settlement to apply upon exercise of such Warrant.
If Full Physical Settlement is elected, the undersigned shall tender payment of the Exercise Price therefore in accordance with instructions received from the Warrant Agent.
If Net Share Settlement is elected, the Company shall deliver, without any Cash payment therefor, a number of Common Shares equal to the quotient determined by dividing (i) the Fair Value (as of the Exercise Date) of the number of Common Shares deliverable pursuant to Full Physical Settlement minus the Exercise Price that would be payable pursuant to Full Physical Settlement by (ii) the Fair Value of one Common Share determined pursuant to the above clause (i).

More Definitions of Full Physical Settlement

Full Physical Settlement. If Physical Settlement is applicable for a Component of the Transaction, unless Counterparty has notified ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ in writing on or prior to the relevant Settlement Method Election Date that it elects for “Physical Settlement” to be applicable, notwithstanding Section 9.2(a) of the Equity Definitions, on the Settlement Date for such Component, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ will pay to Counterparty the applicable Full Physical Settlement Payment Amount, and Counterparty will deliver to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ a number of Shares equal to the Number of Shares for such Component (rounded down to the nearest whole Share) and will pay to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ the Fractional Share Amount, if any, as converted by the Calculation Agent into an amount in USD using BRL PTAX on the relevant Valuation Date. Full Physical Settlement Payment Amount: For each Component of the Transaction for which “Full Physical Settlement” is applicable, an amount equal to the product of:

Full Physical Settlement means the settlement method pursuant to which if the Common Stock is not listed on a National Securities Exchange as of the applicable Exercise Date, an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of Common Stock equal to the Full Physical Settlement Amount in exchange for payment by the Warrantholder of the applicable Exercise Price; provided that any election for Full Physical Settlement shall be invalid if Section 1145 of the Bankruptcy Code does not apply to the Warrants and the shares of Common Stock underlying the Warrants.

Full Physical Settlement means the settlement method pursuant to which an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, one Common Share in exchange for payment by the Warrantholder of the Exercise Price.

Full Physical Settlement means the settlement method pursuant to which an Exercising Owner shall be entitled to receive from the Company, for each Warrant exercised, a number of fully paid and nonassessable Common Shares equal to the Full Physical Share Amount in exchange for payment in cash by the Exercising Owner of the applicable Exercise Price.