Hedging Completion Date definition

Hedging Completion Date means the Trading Day on which the Seller completes the establishment of its initial hedge position with respect to this Transaction.

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Hedging Completion Date means the Trading Day on which the Seller completes the establishment of its initial hedge position with respect to a Transaction.

Hedging Completion Date means the earlier to occur of (x) the Trading Day on which the Seller completes the establishment of its initial hedge position with respect to this Transaction or (y) the Trading Day falling [***] Trading Days after the Trade Date.

Examples of Hedging Completion Date in a sentence

• The Seller will, on the first Business Day immediately following the Hedging Completion Date, have the free and unqualified right to transfer the Number of Shares of Common Stock to be delivered by the Seller pursuant to Section 2.01(a) hereof, free and clear of any security interest, mortgage, pledge, lien, charge, claim, equity or encumbrance of any kind.

• Hedge Period: The period beginning on the Hedging Initiation Date and ending on the Hedging Completion Date.

• Scheduled Hedging Completion Date: For each Transaction, as set forth in the Supplemental Confirmation.

• Each consecutive Exchange Business Day beginning on the Hedging Initiation Date and ending on the Hedging Completion Date, which is the period that MLI purchases Shares to establish the Initial Hedge Position.

• Each Exchange Business Day immediately following the Hedging Completion Date up to and including the Termination Date.

• On the first Business Day immediately following the Hedging Completion Date, the Seller shall deliver to the Purchaser the number of shares of Common Stock equal to the excess, if any, of the Minimum Delivery Number over the Initial Number of Shares.

• The terms of the Transaction to which the Supplemental Confirmation relates are as follows: Trade Date: [ ] Hedging Initiation Date: [ ] Scheduled Hedging Completion Date: [ ], subject to Schedule A of the Master Confirmation Upfront Shares: (Prepayment Amount * 70%) / Closing Price of the Shares on the Trade Date, as reported on the NYSE Scheduled Valuation Date: [ ], subject to Schedule A of the Master Confirmation.

• For the avoidance of doubt, the Counterparty shall not be required to make any additional cash payments (other than the Prepayment Amount) or deliver or return any Shares pursuant to the terms of the Transaction (including, without limitation, the Minimum Shares delivered on the Exchange Business Day immediately following the Hedging Completion Date).

• Without limiting the generality of the foregoing, from the Trade Date for any Transaction until the Hedging Completion Date for such Transaction, Counterparty agrees that Counterparty and its affiliates, employees, agents and representatives shall not communicate with Citibank or any of Citibank’s affiliates, employees, agents or representatives in any way regarding the Issuer, the Shares, such Transaction or Citibank’s hedging activities relating thereto.

• The parties understand and agree that the delivery of Shares by or on behalf of MLI on each of the first Exchange Business Day immediately following the Hedging Completion Date and the Settlement Date is irrevocable and that as of such date Counterparty shall be the sole beneficial owner of the delivered Shares for all purposes.

More Definitions of Hedging Completion Date

Hedging Completion Date means the Trading Day on which the Seller completes the establishment of its initial hedge position with respect to this Transaction. “Hedging Price” means the volume weighted average of the per share prices at which the Seller (or an affiliate of the Seller) purchases shares of Common Stock during

Hedging Completion Date. As set forth in the Supplemental Confirmation.