Share Settlement Option definition

Share Settlement Option shall have the meaning given to it in Clause 10.5.1.
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Share Settlement Option shall have the meaning specified in Section 2.06(a).
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Share Settlement Option means the option of the Issuer defined in Condition 10.9; “Share Swap Payment Satisfaction” has the meaning given to it in Condition 6.2; “Share Trustee” means Mourant & Co. Trustees Limited;
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Examples of Share Settlement Option in a sentence

  • Any Deferred Cash Proceeds Redemption and/or Deferred Cash Make-Whole Payment shall only be satisfied in cash and shall not be subject to the Share Settlement Option.

  • However, if there is still a Settlement Disruption on what would be, but for such Settlement Disruption, the eighth Trading Day following the Selection Date, then the Issuer shall be deemed not to have exercised its Share Settlement Option, and shall redeem the Capital Securities through the payment of the Redemption Price in cash on the Redemption Date.

  • In the absence of any such notification to the Principal Paying, Transfer and Exchange Agent, the Issuer shall be deemed not to have exercised its Share Settlement Option and shall be required to redeem the Capital Securities on the Redemption Date in cash.

  • The Issuer shall not be concerned with, nor shall it be obliged or required to enquire into the sufficiency of any amount paid to it for this purpose.It is the Issuer’s intention to use the Share Settlement Option.

  • In such situations the Issuer may elect to satisfy its obligation to redeem the Bonds by exercising its Share Settlement Option, i.e. by delivering to the Bondholders such number of Subsea 7 shares as is determined by dividing the aggregate principal amount of such Bondholder’s Bonds by the Share Settlement Market Price of a Subsea 7 share on the date falling three dealing days prior to the date redemption was exercised ("Share Settlement Option").

  • Without prejudice to any Share Settlement Option Notice Annulment, a Share Settlement Option Notice shall be irrevocable and any Share Settlement Notice shall be irrevocable.

  • The Issuer shall not exercise the Share Settlement Option in circumstances where Belgian law would not allow a conversion of the Bonds into Ordinary Shares.

  • The Moderator, Margaret Ann Metzger, called the meeting to order at 7:32 P.M. The Moderator declared a quorum present.

  • Fractions of Ordinary Shares will not be delivered on exercise of the Share Settlement Option and no cash payment will be made in lieu thereof.

  • To exercise its Share Settlement Option, the Issuer shall give a notice to such effect (the “Share Settlement Option Notice”) to the Trustee and to the Bondholders in accordance with Condition 17 not more than 60 nor less than 45 days prior to the Final Maturity Date.


More Definitions of Share Settlement Option

Share Settlement Option has the meaning provided in Condition 6(i).
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Related to Share Settlement Option

  • Share Settlement means a number of shares of Class A Common Stock (together with any Corresponding Rights) equal to the number of Redeemed Units.

  • Share Settled in relation to any Option means that Net Share Settlement or Combination Settlement is applicable to that Option.

  • Net Share Settlement Amount: For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Net Share Settled in relation to any Warrant means that Net Share Settlement is applicable to that Warrant.

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Share Termination Settled in relation to the Transaction means that the Share Termination Alternative is applicable to the Transaction.

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

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

  • Investment Option means any of the guaranteed investments and variable investment funds available under the Plan.

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

  • 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.

  • 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.

  • 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;

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Cash Settlement Averaging Period means (a) with respect to any Conversion Date occurring on or after the 24th Scheduled Trading Day immediately preceding the Maturity Date, the twenty (20) consecutive Trading Day period ending on, and including, the third Scheduled Trading Day immediately preceding the Maturity Date and (b) in all other cases, the twenty (20) consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the relevant Conversion Date.

  • Purchase Contract Settlement Fund has the meaning specified in Section 5.5.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Cash Settlement Payment Date means in relation to a Series of Notes, the date specified as such or otherwise determined as provided in the relevant Final Terms.

  • Individual Settlement Payment means the amount payable from the Net

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

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.

  • Scheduled Settlement Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Replacement Option has the meaning set forth in Section 3.06.

  • Purchase Contract Settlement Date means [ ].