Settlement Amount definition
Examples of Settlement Amount in a sentence
Net Share Settlement Amount: For any Net Share Settlement, an amount equal to the Forward Cash Settlement Amount divided by the Settlement Price.
The “Settlement Amount” shall mean a number of Shares, rounded to the nearest whole Share, determined by Dealer pursuant to the table set forth in Schedule A attached hereto (using linear interpolation or commercially reasonable extrapolation by Dealer, as applicable, to determine the Settlement Amount for any Average VWAP not specifically appearing in Schedule A).
On the business day following the final Hedge Adjustment Date or, if such day is not a Clearance System Business Day, on the next Clearance System Business Day immediately following such day (the “Final Settlement Date”), Dealer shall deliver to Company, to the account specified in Section 7 hereof, a number of Shares equal to the Settlement Amount.