Common use of Settlement Terms Clause in Contracts

Settlement Terms. Cash Settlement: Counterparty may elect to settle this Transaction by Cash Settlement or Net Physical Settlement by providing ML with irrevocable notice (“Settlement Notice”) in accordance with the Settlement Method Election provisions herein and in Section 7.1 of the Equity Definitions. In the event that Counterparty does not so notify ML, this Transaction shall be settled pursuant to the Default Settlement Method provision below.

Appears in 2 contracts

Samples: Letter Agreement (Pantry Inc), Letter Agreement (Pantry Inc)

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Settlement Terms. Cash Settlement: Counterparty may elect to settle this the Transaction by Cash Settlement or Net Physical Settlement by providing ML Bank with irrevocable notice (“Settlement Notice”) in accordance with the Settlement Method Election provisions herein and in Section 7.1 of the Equity Definitions. In the event that Counterparty does not so notify MLBank, this the Transaction shall be settled pursuant to the Default Settlement Method provision below.

Appears in 2 contracts

Samples: Gilead Sciences Inc, Gilead Sciences Inc

Settlement Terms. Cash Settlement: Counterparty may elect to settle this Transaction by Cash Settlement or Net Physical Settlement by providing ML Bank with irrevocable notice (“Settlement Notice”) in accordance with the Settlement Method Election provisions herein and in Section 7.1 of the Equity Definitions. In the event that Counterparty does not so notify MLBank, this Transaction shall be settled pursuant to the Default Settlement Method provision below.. Settlement Currency: USD

Appears in 2 contracts

Samples: Letter Agreement (Amgen Inc), Letter Agreement (Amgen Inc)

Settlement Terms. Cash Settlement: Counterparty may elect to settle this Transaction by Cash Settlement or Net Physical Settlement by providing ML MSIL with irrevocable notice (“Settlement Notice”) in accordance with the Settlement Method Election provisions herein and in Section 7.1 of the Equity Definitions. In the event that Counterparty does not so notify MLMSIL, this Transaction shall be settled pursuant to the Default Settlement Method provision below.. Settlement Currency: USD

Appears in 1 contract

Samples: Letter Agreement (Amgen Inc)

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Settlement Terms. Cash Settlement: Counterparty may elect to settle this Transaction by Cash Settlement or Net Physical Settlement by providing ML with irrevocable notice (“Settlement Notice”) in accordance with the Settlement Method Election provisions herein and in Section 7.1 of the Equity Definitions. In the event that Counterparty does not so notify ML, this Transaction shall be settled pursuant to the Default Settlement Method provision below.

Appears in 1 contract

Samples: Cyberonics Inc

Settlement Terms. Cash Settlement: Applicable; provided that it shall be a condition of Counterparty’s right to elect Cash Settlement that on the date of the Cash Settlement election, none of Counterparty, its directors, executive officers, or any person controlling, or exercising influence over, its decision to elect Cash Settlement is in possession of any material non-public information with respect to Counterparty may elect or the Shares. If Counterparty elects to settle this the Transaction by Cash Settlement or Net Physical Settlement by providing ML with irrevocable notice (“Settlement Notice”) in accordance with the Settlement Method Election provisions herein Settlement, Counterparty represents and in Section 7.1 of the Equity Definitions. In the event that Counterparty does not so notify ML, this Transaction shall be settled pursuant to the Default Settlement Method provision below.agrees that:

Appears in 1 contract

Samples: Mylan Laboratories Inc

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