Initial Hedging definition
Examples of Initial Hedging in a sentence
The definition of “Market Disruption Event” in Section 6.3(a) of the Equity Definitions is hereby amended by deleting the words “at any time during the one-hour period that ends at the relevant Valuation Time, Latest Exercise Time, Knock-in Valuation Time or Knock-out Valuation Time, as the case may be” and inserting the words “at any time on any Scheduled Trading Day during the Initial Hedging Period” after the word “material,” in the third line thereof.
Notwithstanding anything to the contrary in the Equity Definitions, if a Disrupted Day occurs in the Initial Hedging Period, the Calculation Agent may, in its good faith and commercially reasonable discretion, postpone the Initial Hedging Period End Date by the number of Disrupted Days, but not exceeding eight Scheduled Trading Days.
Applicable, subject to the provisions in “Physical Settlement” below and provided that Counterparty may not deliver notice pursuant to Section 7.1 of the Equity Definitions until the final day of the Initial Hedging Period.
Number of Shares: Initially, (x) if no Initial Hedging Disruption (as defined in Section 4(b)) occurs, 9,250,000 Shares (the “Full Number of Shares”) or (y) if an Initial Hedging Disruption occurs, the Reduced Number of Shares (as defined in Section 4(b)).
Number of Shares: Initially, (x) if no Initial Hedging Disruption (as defined in Section 4(b)) occurs, 1,387,500 Shares (the “Full Number of Shares”) or (y) if an Initial Hedging Disruption occurs, the Reduced Number of Shares (as defined in Section 4(b)).
The shares of common stock, no par value per Share, of Counterparty (Ticker: “EXC”) Number of Shares: Initially, (x) if no Initial Hedging Disruption (as defined below) occurs, 3,750,000 Shares (the “Full Number of Shares”) or (y) if an Initial Hedging Disruption occurs, the Reduced Number of Shares (as defined below), in each case, as reduced on each Relevant Settlement Date (as defined under “Settlement Terms” below) by the number of Settlement Shares to which the related Valuation Date relates.
If the Initial Hedging Costs is a positive number, the amount thereof shall be owing by DKTS to Citi, and if it is a negative number, the absolute value thereof shall be owing by Citi to DKTS, in either case, promptly, and in any event, not later than three (3) Business Days from the date on which Citi delivers its statement of calculation of the Initial Hedging Costs.
The last Business Day of each month during the Initial Hedging Period and the Business Day following the last day of the Initial Hedging Period.
Number of Shares: Initially, (x) if no Initial Hedging Disruption (as defined in Section 4(b)) occurs, 445,709 Shares (the “Full Number of Shares”) or (y) if an Initial Hedging Disruption occurs, the Reduced Number of Shares (as defined in Section 4(b)).
The shares of common stock, no par value per Share, of Counterparty (Ticker: “D”) Number of Shares: Initially, (x) if no Initial Hedging Disruption (as defined below) occurs, 10,000,000 Shares (the “Full Number of Shares”) or (y) if an Initial Hedging Disruption occurs, the Reduced Number of Shares (as defined below), in each case, as reduced on each Relevant Settlement Date (as defined under “Settlement Terms” below) by the number of Settlement Shares to which the related Valuation Date relates.