Settlement Week definition
Examples of Settlement Week in a sentence
For the purposes of this Section, the twenty-third Trading Day after the closing of the merger or consolidation shall be deemed to be the Purchase Contract Settlement Date for the purpose of determining the Applicable Market Value and the deadline for submitting the notice to settle early and the related cash payment shall be 5:00 p.m. (New York City time) of the last Business Day of the Early Settlement Week.
On each Settlement Date, the Agent shall submit to each Lender a settlement statement of the amount of outstanding Revolving Advances at the end of the Settlement Week immediately preceding such Settlement Date which shall disclose the net amount due to or due from such Lender on such Settlement Date.
For the purposes of this Section, the twenty-third Trading Day after the closing of the merger or consolidation shall be deemed to be the Warrant Settlement Date for the purpose of determining the Applicable Market Value and the deadline for submitting the notice to settle early and the related cash payment shall be 5:00 p.m. (New York City time) of the last Business Day of the Early Settlement Week.
At the time Investor was offered the Shares, it was, and at the Effective Date it is: (a) an accredited investor as defined in Rule 501(a) under the Act; (b) not a registered broker-dealer, member of FINRA, or an affiliate thereof; and (c) not a U.S. Person, and is not acquiring the Shares for the account or beneficial ownership of any U.S. Person.
In the case of a Cash Settlement that is a Cash Merger Early Settlement, a Holder who does not effect, prior to 5:00 p.m. (New York City time) on the last Business Day of the applicable Early Settlement Week, an effective Cash Settlement, shall not be in default and shall continue to hold such Treasury PEPS Unit as if such Holder had not elected to make such Cash Merger Early Settlement.
Any cash received by the Collateral Agent prior to the last day of the applicable Early Settlement Week shall be invested promptly by the Securities Intermediary in Permitted Investments and paid to the Company on the last day of the applicable Early Settlement Week in settlement of the Purchase Contracts in accordance with the terms of this Agreement and the Pledge Agreement.
For the purposes of this Section, the twenty-fourth Trading Day after the closing of the merger or consolidation shall be deemed to be the Purchase Contract Settlement Date for the purpose of determining the Applicable Market Value and that the deadline for submitting the notice to settle early and the related cash payment shall be 5:00 p.m. (New York City time) of the last Business Day of the Early Settlement Week.