Common use of Purchase of Shares of Common Stock Clause in Contracts

Purchase of Shares of Common Stock. Each Purchase Contract shall obligate the Holder of the related Unit to purchase, and the Company to sell, on the Purchase Contract Settlement Date at a price equal to the Stated Amount (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the Settlement Rate unless, on or prior to the Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Unit of which such Purchase Contract is a part. The "Settlement Rate" is equal to (a) if the Applicable Market Value (as defined below) is equal to or greater than $23.10 (the "Threshold Appreciation Price"), 0.1126 shares of Common Stock per Purchase Contract, (b) if the Applicable Market Value is less than the Threshold Appreciation Price, but is greater than $16.50, the number of shares of Common Stock equal to the Stated Amount divided by the Applicable Market Value, and (c) if the Applicable Market Value is less than or equal to $16.50, 0.1576 shares of Common Stock per Purchase Contract, in each case subject to adjustment as provided in Section 5.6 (and in each case rounded upward or downward to the nearest 1/10,000th of a share). As provided in Section 5.10, no fractional shares of Common Stock will be issued upon settlement of Purchase Contracts.

Appears in 2 contracts

Samples: Purchase Contract Agreement (New Nisource Inc), Purchase Contract Agreement (New Nisource Inc)

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Purchase of Shares of Common Stock. Each Purchase Contract underlying a Unit shall obligate the Holder of the related such Unit to purchase, and the Company to sell, on the Stock Purchase Contract Settlement Date Date, at a price equal to the Stated Amount (the "Purchase Price")Amount, a number of newly issued shares of Common Stock equal to the Settlement Rate Rate, unless, on or prior to the Stock Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Unit of which such Purchase Contract is a partEvent. The "Settlement Rate" is equal to (a) if the Applicable Market Value (as defined below) is greater than or equal to or greater than $23.10 ________ (the "Threshold Appreciation Price"), 0.1126 shares _______________ of a share of Common Stock per Purchase Contract, (b) if the Applicable Market Value is less than the Threshold Appreciation Price, Price but is greater than $16.50the Stated Amount, the number of shares a fractional share of Common Stock per Purchase Contract equal to the Stated Amount divided by the Applicable Market ValueValue (rounded upward or downward to the nearest 1/10,000th of a share or, if there is not a nearest 1/10,000th of a share, to the next lower 1/10,000th of a share) and (c) if the Applicable Market Value is less than or equal to $16.50the Stated Amount, 0.1576 shares one share of Common Stock per Purchase Contract, in each case subject to adjustment as provided in Section 5.6 (and in each case rounded upward or downward to the nearest 1/10,000th of a share)5.6. As provided in Section 5.105.9, no fractional shares of Common Stock will be issued upon settlement of Purchase Contracts.

Appears in 2 contracts

Samples: Master Unit Agreement (Ati Financing Ii), Master Unit Agreement (Providian Financing Iv)

Purchase of Shares of Common Stock. Each Purchase Contract shall shall, unless a Termination Event or an Early Settlement in accordance with Section 5.9 hereof has occurred, obligate the Holder of the related Unit Security to purchase, and the Company to sell, on the Purchase Contract Settlement Date at a price equal to the Stated Amount Date, for [$50] in cash (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the applicable Settlement Rate unless, on or prior to the Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Unit of which such Purchase Contract is a partRate. The "Settlement Rate" is equal to (a) if the Applicable Market Value (as defined below) is equal to or greater than $23.10 ____ (the "Threshold Appreciation Price"), 0.1126 ____ shares of Common Stock per Purchase Contract, (b) if the Applicable Market Value is less than the Threshold Appreciation Price, but is greater than $16.50____, the number of shares of Common Stock equal to the Stated Amount [$50.00] divided by the Applicable Market Value, Value and (c) if the Applicable Market Value is less than or equal to $16.50____, 0.1576 ____ shares of Common Stock per Purchase Contract, in each case subject to adjustment as provided in Section 5.6 (and in each case rounded upward or downward to the nearest 1/10,000th [1/10,000th] of a share). As provided in Section 5.10, no fractional shares of Common Stock will be issued upon settlement of Purchase Contracts.

Appears in 2 contracts

Samples: Purchase Contract Agreement (FPL Group Trust II), Purchase Contract Agreement (FPL Group Capital Inc)

Purchase of Shares of Common Stock. Each Share Purchase Contract shall shall, unless a Termination Event or an Early Settlement in accordance with Section 5.9 hereof has occurred, obligate the Holder of the related Unit Security to purchase, and the Company to sell, on the Share Purchase Contract Settlement Date at a price equal to the Stated Amount Date, for $[50] in cash (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the applicable Settlement Rate unless, on or prior to the Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Unit of which such Purchase Contract is a partRate. The "Settlement Rate" is equal to (a) if the Applicable Market Value (as defined below) is equal to or greater than $23.10 [____] (the "Threshold Appreciation Price"), 0.1126 [____] shares of Common Stock per Share Purchase Contract, (b) if the Applicable Market Value is less than the Threshold Appreciation Price, but is greater than $16.50[___], the number of shares of Common Stock equal to the Stated Amount $[50] divided by the Applicable Market Value, Value and (c) if the Applicable Market Value is less than or equal to $16.50[____], 0.1576 [_____] shares of Common Stock per Share Purchase Contract, in each case subject to adjustment as provided in Section 5.6 (and in each case rounded upward or downward to the nearest 1/10,000th of a share). As provided in Section 5.10, no fractional shares of Common Stock will be issued upon settlement of Share Purchase Contracts.

Appears in 1 contract

Samples: Share Purchase Contract Agreement (Firstenergy Corp)

Purchase of Shares of Common Stock. Each Purchase Contract shall shall, unless an Early Settlement has occurred in accordance with Section 5.7, or a Merger Early Settlement has occurred in accordance with Section 5.8, obligate the Holder of the related Unit to purchase, and the Company to sell, on the Stock Purchase Contract Settlement Date at a price equal to the Stated Amount $50 (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the Settlement Rate unless, on or prior to the Stock Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Unit of which such Purchase Contract is a part. The "Settlement Rate" is equal to (a) if the Applicable Market Value (as defined below) is equal to or greater than $23.10 16.82 (the "Threshold Appreciation Price"), 0.1126 2.97 shares of Common Stock per Purchase Contract, (b) if the Applicable Market Value is less than the Threshold Appreciation Price, but is greater than $16.5014.25, the number of shares of Common Stock per Purchase Contract equal to the Stated Amount of the related Unit divided by the Applicable Market Value, Value and (c) if the Applicable Market Value is less than or equal to $16.5014.25, 0.1576 3.51 shares of Common Stock per Purchase Contract, in each case subject to adjustment as provided in Section 5.6 5.4 (and in each case rounded upward or downward to the nearest 1/10,000th of a share). As provided in Section 5.10, no fractional shares of Common Stock will be issued upon settlement of Purchase Contracts.

Appears in 1 contract

Samples: Remarketing Agreement (Metlife Inc)

Purchase of Shares of Common Stock. Each Purchase Contract shall shall, unless a Termination Event or an Early Settlement in accordance with Section 5.9 hereof has occurred, obligate the Holder of the related Unit Security to purchase, and the Company to sell, on the Purchase Contract Settlement Date at a price equal to the Stated Amount Date, for $50 in cash (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the applicable Settlement Rate unless, on or prior to the Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Unit of which such Purchase Contract is a partRate. The "Settlement Rate" is equal to (a) if the Applicable Market Value (as defined below) is equal to or greater than $23.10 62.9145 (the "Threshold Appreciation Price"), 0.1126 0.7947 shares of Common Stock per Purchase Contract, (b) if the Applicable Market Value is less than the Threshold Appreciation Price, but is greater than $16.5051.15, the number of shares of Common Stock equal to the Stated Amount $50 divided by the Applicable Market Value, Value and (c) if the Applicable Market Value is less than or equal to $16.5051.15, 0.1576 0.9775 shares of Common Stock per Purchase Contract, in each case subject to adjustment as provided in Section 5.6 (and in each case rounded upward or downward to the nearest 1/10,000th of a share). As provided in Section 5.10, no fractional shares of Common Stock will be issued upon settlement of Purchase Contracts.

Appears in 1 contract

Samples: Purchase Contract Agreement (Txu Corp /Tx/)

Purchase of Shares of Common Stock. Each Purchase Contract shall shall, unless a Termination Event or an Early Settlement in accordance with Section 5.9 hereof, obligate the Holder of the related Unit Security to purchase, and the Company to sell, on the Purchase Contract Settlement Date at a price equal to the Stated Amount Date, for [$50] in cash (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the applicable Settlement Rate unless, on or prior to the Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Unit of which such Purchase Contract is a partRate. The "Settlement Rate" is equal to (a) if the Applicable Market Value (as defined below) is equal to or greater than $23.10 ____ (the "Threshold Appreciation Price"), 0.1126 ____ shares of Common Stock per Purchase Contract, (b) if the Applicable Market Value is less than the Threshold Appreciation Price, but is greater than $16.50____, the number of shares of Common Stock equal to the Stated Amount [$50.00] divided by the Applicable Market Value, Value and (c) if the Applicable Market Value is less than or equal to $16.50____, 0.1576 ____ shares of Common Stock per Purchase Contract, in each case subject to adjustment as provided in Section 5.6 (and in each case rounded upward or downward to the nearest 1/10,000th [1/10,000th] of a share). As provided in Section 5.10, no fractional shares of Common Stock will be issued upon settlement of Purchase Contracts.

Appears in 1 contract

Samples: Purchase Contract Agreement (FPL Group Capital Inc)

Purchase of Shares of Common Stock. Each Purchase Contract shall obligate the Holder of the related Unit Security to purchase, and the Company to sell, on the Purchase Contract Final Settlement Date at a price equal to the Stated Amount (the "Purchase Price")Amount, a number of newly issued shares of Common Stock equal to the Settlement Rate Rate, unless, on or prior to the Purchase Contract Final Settlement Date, there shall have occurred a Termination Event or an Early Settlement with respect to the Unit Security of which such Purchase Contract is a part. The "Settlement Rate" is equal to (a) if the Applicable Market Value (as defined below) is equal to or greater than $23.10 __________ (the "Threshold Appreciation Price"), 0.1126 shares _____________ of a share of Common Stock per Purchase Contract, (b) if the Applicable Market Value is less than or equal to the Threshold Appreciation Price, Price but is greater than $16.50the Stated Amount, the number of shares a fractional share of Common Stock per Purchase Contract equal to the Stated Amount divided by the Applicable Market Value, Value (rounded upward or downward to the nearest 1/10,000th of a share) and (c) if the Applicable Market Value is less than or equal to $16.50the Stated Amount, 0.1576 shares one share of Common Stock per Purchase Contract, in each case subject to adjustment as provided in Section 5.6 (and in each case rounded upward or downward to the nearest 1/10,000th of a share)506. As provided in Section 5.10510, no fractional shares of Common Stock will be issued upon settlement of Purchase Contracts.

Appears in 1 contract

Samples: Purchase Contract Agreement (Providian Financing Iv)

Purchase of Shares of Common Stock. Each Purchase Contract shall shall, unless a Termination Event or an Early Settlement or Cash Merger Early Settlement in accordance with Section 5.9 hereof has occurred, obligate the Holder of the related Unit Security to purchase, and the Company to sell, on the Purchase Contract Settlement Date at a price equal to the Stated Amount Date, for $25 in cash (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the applicable Settlement Rate unless, on or prior to the Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Unit of which such Purchase Contract is a partRate. The "Settlement Rate" is equal to (a) if the Applicable Market Value (as defined below) is equal to or greater than $23.10 33.80 (the "Threshold Appreciation Price"), 0.1126 a number of shares of Common Stock per Purchase ContractContract equal to the product of (i) the Stated Amount divided by the Reference Price multiplied by (ii) one minus a fraction, the numerator of which is $7.80 and the denominator of which is the Applicable Market Value, (b) if the Applicable Market Value is less than the Threshold Appreciation Price, but is greater than $16.5026.00 (the "Reference Price"), the number of shares of Common Stock per Purchase Contract equal to the Stated Amount $25 divided by the Applicable Market Value, Value and (c) if the Applicable Market Value is less than or equal to $16.50the Reference Price, 0.1576 0.9615 shares of Common Stock per Purchase Contract, in each case subject to adjustment as provided in Section 5.6 (and in each case rounded upward or downward to the nearest 1/10,000th of a share). As provided in Section 5.10, no fractional shares of Common Stock will be issued upon settlement of Purchase Contracts.

Appears in 1 contract

Samples: Purchase Contract Agreement (Amerus Group Co/Ia)

Purchase of Shares of Common Stock. Each Purchase Contract shall shall, unless a Termination Event or an Early Settlement in accordance with Section 5.9 hereof has occurred, obligate the Holder of the related Unit Security to purchase, and the Company to sell, on the Purchase Contract Settlement Date at a price equal to the Stated Amount (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the Settlement Rate unless, on or prior to the Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Unit of which such Purchase Contract is a partRate. The "Settlement Rate" is equal to (a) if the Applicable Market Value (as defined below) is equal to or greater than $23.10 $ __________ (the "Threshold Appreciation Price"), 0.1126 _________ shares of Common Stock per Purchase Contract, (b) if the Applicable Market Value is less than the Threshold Appreciation Price, but is greater than $16.50$ ______, the number of shares of Common Stock equal to the Stated Amount $ ______ divided by the Applicable Market Value, Value and (c) if the Applicable Market Value is less than or equal to $16.50_____, 0.1576 ______ shares of Common Stock per Purchase Contract, in each case subject to adjustment as provided in Section 5.6 (and in each case rounded upward or downward to the nearest 1/10,000th [1/10,000th] of a share). As provided in Section 5.10, no fractional shares of Common Stock will be issued upon settlement of Purchase Contracts.

Appears in 1 contract

Samples: Purchase Contract Agreement (FPL Group Capital Inc)

Purchase of Shares of Common Stock. Each Purchase Contract shall obligate the Holder of the related Unit to purchase, and the Company to sell, on the Purchase Contract Settlement Date at a price equal to the Stated Amount (the "Purchase PricePURCHASE PRICE"), a number of newly issued shares of Common Stock equal to the Settlement Rate unless, on or prior to the Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Unit of which such Purchase Contract is a part. The "Settlement RateSETTLEMENT RATE" is equal to (a) if the Applicable Market Value (as defined below) is equal to or greater than $23.10 [23.10] (the "Threshold Appreciation PriceTHRESHOLD APPRECIATION PRICE"), 0.1126 [0.1126] shares of Common Stock per Purchase Contract, (b) if the Applicable Market Value is less than the Threshold Appreciation Price, but is greater than $[16.50], the number of shares of Common Stock equal to the Stated Amount divided by the Applicable Market Value, and (c) if the Applicable Market Value is less than or equal to $[16.50], 0.1576 [0.1576] shares of Common Stock per Purchase Contract, in each case subject to adjustment as provided in Section 5.6 (and in each case rounded upward or downward to the nearest 1/10,000th of a share). As provided in Section 5.10, no fractional shares of Common Stock will be issued upon settlement of Purchase Contracts.

Appears in 1 contract

Samples: Purchase Contract Agreement (New Nisource Inc)

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Purchase of Shares of Common Stock. Each Purchase Contract shall obligate the Holder of the related Unit to purchase, and the Company to sell, on the Purchase Contract Settlement Date at a price equal to the Stated Amount (the "Purchase PricePURCHASE PRICE"), a number of newly issued shares of Common Stock equal to the Settlement Rate unless, on or prior to the Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Unit of which such Purchase Contract is a part. The "Settlement RateSETTLEMENT RATE" is equal to (a) if the Applicable Market Value (as defined below) is equal to or greater than $23.10 [23.10] (the "Threshold Appreciation PriceTHRESHOLD APPRECIATION PRICE"), 0.1126 [0.1126] shares of Common Stock per Purchase Contract, (b) if the Applicable Market Value is less than the Threshold Appreciation Price, but is greater than $[16.50], the number of shares of Common Stock equal to the Stated Amount divided by the Applicable Market Value, and (c) if the Applicable Market Value is less than or equal to $[16.50], 0.1576 [0.1576] shares of Common Stock per Purchase Contract, in each case subject to adjustment as provided in Section 5.6 (and in each case rounded upward or downward to the nearest 1/10,000th of a share). As provided in Section 5.10, no fractional shares of Common Stock will be issued upon settlement of Purchase Contracts.29

Appears in 1 contract

Samples: Purchase Contract Agreement (Nisource Inc)

Purchase of Shares of Common Stock. Each Purchase Contract shall obligate the Holder of the related Unit to purchase, and the Company to sell, on the Purchase Contract Settlement Date at a price equal to the Stated Amount (the "Purchase Price"), a number of newly issued shares of Common Stock (subject to Section 5.08) equal to the Settlement Rate unlessunless an Early Settlement, on a Cash Merger Early Settlement or prior to the Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Unit Units of which such Purchase Contract is a partpart shall have occurred. The "Settlement Rate" is equal to (a) if to: If the Applicable Market Value (as defined below) is greater than or equal to or greater than $23.10 ______ (the "Threshold Appreciation Price"), 0.1126 _______ shares of Common Stock per Purchase Contract, subject to adjustment pursuant to Section 5.04 below (b) as adjusted, the "Minimum Settlement Rate"); if the Applicable Market Value is less than the Threshold Appreciation Price, Price but is greater than $16.50_______ (the "Reference Price"), the number of shares of Common Stock per Purchase Contract having a value (based on the Applicable Market Value) equal to the Stated Amount divided by the Applicable Market Value, and (c) Amount; if the Applicable Market Value is less than or equal to $16.50the Reference Price, 0.1576 _______ shares of Common Stock per Purchase Contract, in each case subject to adjustment pursuant to Section 5.04 below (as provided in Section 5.6 (and adjusted, the "Maximum Settlement Rate"); in each case rounded upward or downward to the nearest 1/10,000th of a share). As provided in Section 5.10, no fractional shares of Common Stock will be issued upon settlement of Purchase Contracts.

Appears in 1 contract

Samples: Purchase Contract and Pledge Agreement (Entergy Corp /De/)

Purchase of Shares of Common Stock. Each Purchase Contract shall shall, unless a Termination Event or an Early Settlement in accordance with Section 5.9 hereof has occurred, obligate the Holder of the related Unit Security to purchase, and the Company to sell, on the Purchase Contract Settlement Date at a price equal to the Stated Amount Date, for $__ in cash (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the applicable Settlement Rate unless, on or prior to the Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Unit of which such Purchase Contract is a partRate. The "Settlement Rate" is equal to (a) if the Applicable Market Value (as defined below) is equal to or greater than $23.10 _______ (the "Threshold Appreciation Price"), 0.1126 ______ shares of Common Stock per Purchase Contract, (b) if the Applicable Market Value is less than the Threshold Appreciation Price, but is greater than $16.50_____, the number of shares of Common Stock equal to the Stated Amount $__ divided by the Applicable Market Value, Value and (c) if the Applicable Market Value is less than or equal to $16.50_____, 0.1576 ______ shares of Common Stock per Purchase Contract, in each case subject to adjustment as provided in Section 5.6 (and in each case rounded upward or downward to the nearest 1/10,000th [1/10,000]th of a share). As provided in Section 5.10, no fractional shares of Common Stock will be issued upon settlement of Purchase Contracts.

Appears in 1 contract

Samples: Purchase Contract Agreement (Txu Capital Iv)

Purchase of Shares of Common Stock. Each Purchase Contract shall shall, unless an Early Settlement has occurred in accordance with Section 5.7, or a Merger Early Settlement has occurred in accordance with Section 5.8, obligate the Holder of the related Unit to purchase, and the Company TECO to sell, on the Purchase Contract Settlement Date at a price equal to the Stated Amount $25 (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the Settlement Rate unless, on or prior to the Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Unit of which such Purchase Contract is a part. The "Settlement Rate" is equal to (a) if the Applicable Market Value (as defined below) is equal to or greater than $23.10 30.10 (the "Threshold Appreciation Price"), 0.1126 0.8305 shares of Common Stock per Purchase Contract, (b) if the Applicable Market Value is less than the Threshold Appreciation Price, but is greater than $16.5026.29, the number of shares of Common Stock per Purchase Contract equal to the Stated Amount of the related Unit divided by the Applicable Market Value, Value and (c) if the Applicable Market Value is less than or equal to $16.5026.29, 0.1576 0.9509 shares of Common Stock per Purchase Contract, in each case subject to adjustment as provided in Section 5.6 5.4 (and in each case rounded upward or downward to the nearest 1/10,000th of a share). As provided in Section 5.10, no fractional shares of Common Stock will be issued upon settlement of Purchase Contracts.

Appears in 1 contract

Samples: Purchase Contract Agreement (Teco Energy Inc)

Purchase of Shares of Common Stock. Each Purchase Contract shall shall, unless a Termination Event or an Early Settlement or Cash Merger Early Settlement in accordance with Section 5.9 hereof has occurred, obligate the Holder of the related Unit Security to purchase, and the Company to sell, on the Purchase Contract Settlement Date at a price equal to the Stated Amount Date, for $25 in cash (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the applicable Settlement Rate unless, on or prior to the Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Unit of which such Purchase Contract is a partRate. The "Settlement Rate" is equal to (a) if the Applicable Market Value (as defined below) is equal to or greater than $23.10 33.80 (the "Threshold Appreciation Price"), 0.1126 a number of shares of Common Stock per Purchase ContractContract equal to the product of (i) the Stated Amount divided by the Reference Price, multiplied by (ii) one minus a fraction, the numerator of which is $7.80 and the denominator of which is the Applicable Market Value, (b) if the Applicable Market Value is less than the Threshold Appreciation Price, but is greater than $16.5026.00 (the "Reference Price"), the a number of shares of Common Stock per Purchase Contract equal to the Stated Amount $25 divided by the Applicable Market Value, Value and (c) if the Applicable Market Value is less than or equal to $16.50the Reference Price, 0.1576 0.9615 shares of Common Stock per Purchase Contract, in each case subject to adjustment as provided in Section 5.6 (and in each case rounded upward or downward to the nearest 1/10,000th of a share). As provided in Section 5.10, no fractional shares of Common Stock will be issued upon settlement of Purchase Contracts.

Appears in 1 contract

Samples: Purchase Contract Agreement (Amerus Group Co/Ia)

Purchase of Shares of Common Stock. Each Purchase Contract shall obligate the Holder of the related Unit to purchase, and the Company to sell, on the Purchase Contract Settlement Date at a price equal to the Stated Amount (the "Purchase Price"), a number of newly issued shares of Common Stock (subject to Section 5.08) equal to the Settlement Rate unlessunless an Early Settlement, on a Cash Merger Early Settlement or prior to the Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Unit Units of which such Purchase Contract is a partpart shall have occurred. The "Settlement Rate" is equal to (a) if to: If the Applicable Market Value (as defined below) is greater than or equal to or greater than $23.10 87.64 (the "Threshold Appreciation Price"), 0.1126 0.5705 shares of Common Stock per Purchase Contract, subject to adjustment pursuant to Section 5.04 below (b) as adjusted, the "Minimum Settlement Rate"); if the Applicable Market Value is less than the Threshold Appreciation Price, Price but is greater than $16.5070.68 (the "Reference Price"), the number of shares of Common Stock per Purchase Contract having a value (based on the Applicable Market Value) equal to the Stated Amount divided by the Applicable Market Value, and (c) Amount; if the Applicable Market Value is less than or equal to $16.50the Reference Price, 0.1576 0.7074 shares of Common Stock per Purchase Contract, in each case subject to adjustment pursuant to Section 5.04 below (as provided in Section 5.6 (and adjusted, the "Maximum Settlement Rate"); in each case rounded upward or downward to the nearest 1/10,000th of a share). As provided in Section 5.10, no fractional shares of Common Stock will be issued upon settlement of Purchase Contracts.

Appears in 1 contract

Samples: Purchase Contract and Pledge Agreement (Entergy Mississippi Inc)

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