Physical Settlement Election definition

Physical Settlement Election means the irrevocable election by the Company prior to April 15, 2012, to satisfy its Conversion Obligation in respect of conversions of Securities with a Conversion Date after the Physical Settlement Election Date solely in shares of Common Stock (plus cash in lieu of fractional shares) in accordance with Section 10.03(b) hereof.
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Physical Settlement Election means the irrevocable election by the Company prior to December 15, 2009, to satisfy its Conversion Obligation in respect of conversions of Securities with a Conversion Date after the Physical Election Date solely in shares of Common Stock (plus cash in lieu of fractional shares) in accordance with Section 10.03(b) hereof.
Sample 1
Physical Settlement Election means the irrevocable election by the Company prior to the commencement of the Final Conversion Period, to satisfy its Exchange Obligation solely in shares of Common Stock in accordance with Section 4.03(a)(8) hereof.
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Examples of Physical Settlement Election in a sentence

  • If the Bank has not received a Securityholder Physical Settlement Election Notice by 5.00 p.m., London time on the day which is the thirtieth calendar day following the Credit Event Notice Date, within five Business Days following the Valuation Date the Calculation Agent, acting on behalf of the Bank, will pay to the Securityholders (in accordance with the conditions of the Securities) the Credit Event Redemption Amount determined on the Valuation Date.

  • The Company shall not issue any fraction of a share of Common Stock in connection with any conversion of Securities, but instead shall, subject to Section 10.03 hereof, make a cash payment (calculated to the nearest cent) equal to such fraction multiplied by the Daily VWAP on the final Trading Day of the Cash Settlement Averaging Period or, if the Company has made a valid Physical Settlement Election, on the third Scheduled Trading Day before the Conversion Settlement Date.

  • In the event that the Company makes a Physical Settlement Election, the Company shall promptly issue a press release and mail to Holders and file with the Trustee a notice of such election.

  • Upon making a Full Physical Settlement Election, the Company shall promptly (i) issue a press release and post such information on its website or otherwise publicly disclose this information or (ii) provide written notice to Holders by mailing such notice to Holders at their addresses shown in the register of the Registrar, or if such Securities are held in book-entry form through the Depositary, through the applicable notice procedures of the Depositary.

  • Theory building from cases: Opportunities andchallenges, Academy of Management Journal, 50, 25-32.Elsbach, K.D. 2006.

  • In addition to the giving of such Physical Settlement Election Notice, the Company shall disseminate a press release through Dow Jones & Company, Inc.

  • The Company shall not make an irrevocable Physical Settlement Election (as such term is defined in the Indenture).

  • In the event the Company has terminated its right to make a Physical Settlement Election, the Company may, upon consent of the Holders of a majority in aggregate principal amount of the Notes (voting as a single class), elect to satisfy its conversion obligation in cash, common stock or any combination thereof, in any case determined in a manner approved by such Holders.

  • Upon making a Full Physical Settlement Election, the Company shall promptly (1) issue a press release and use its reasonable best efforts to post such information on its website or otherwise publicly disclose this information or (2) provide written notice to Holders by mailing such notice to Holders at their addresses shown in the register of the Registrar, or if such Securities are held in book-entry form through the Depositary, through the applicable notice procedures of the Depositary.

  • Electing Party: Party B Settlement Method Election Date: 3 Exchange Business Days prior to the Relevant Period End Date Default Settlement Method: Physical Settlement provided that the Physical Settlement Election Condition is satisfied on the Settlement Method Election Date, failing which Cash Settlement shall be applicable.


More Definitions of Physical Settlement Election

Physical Settlement Election has the meaning specified in Section 8.15(1).
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Related to Physical Settlement Election

  • Physical Settlement shall have the meaning specified in Section 14.02(a).

  • Physical Settlement Date means the date specified as such in any Physical Settlement Notice, which shall be not earlier than 10 nor later than 20 Business Days after the date on which the Physical Settlement Notice is given.

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Payment Election means an election pursuant to Section 5.1.

  • Settlement Method Election Date With respect to any Settlement of any Transaction, the 2nd Scheduled Trading Day immediately preceding (x) the Valuation Date for such Transaction, in the case of Physical Settlement, or (y) the First Unwind Date for such Transaction, in the case of Cash Settlement or Net Share Settlement.

  • LCT Election has the meaning assigned to such term in Section 1.06.

  • Investment Election means the Participant’s election to have deferred amounts credited with hypothetical earnings credits (or losses) that track the investment performance of the Investment Options and/or Common Stock in accordance with Article V.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Individual Settlement Payment means the amount payable from the Net

  • LCA Election has the meaning specified in Section 1.09(a).

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Exchange Election shall have the meaning specified in Section 14.12(a).

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Primary election means any regular primary election held under the election

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • Non-Election Shares shall have the meaning set forth in Section 3.2.1.

  • Regular primary election means the election on the fourth Tuesday of June of

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • IDR Reset Election has the meaning given such term in Section 5.11(a).

  • Regular election means an election held on a regular election date to elect an individual to, or nominate an individual for, elective office in the regular course of the terms of that elective office.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Viatical settlement provider means a person, other than a viator, who enters into or effectuates a viatical settlement contract. Viatical settlement provider does not include:

  • Cash Settlement Averaging Period means, with respect to a Security that is tendered for conversion in accordance with this Article X, the twenty (20) consecutive Trading-Day period that begins on, and includes, the third (3rd) Trading Day after the Conversion Date for such Security; provided, however, that if such Conversion Date is on or after the twenty third (23rd) scheduled Trading Day prior to the Maturity Date, then the Cash Settlement Averaging Period with respect to such conversion shall be the twenty (20) consecutive Trading-Day period that begins on and includes the twentieth (20th) scheduled Trading Day prior to the Maturity Date.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);