Option Settlement Amount definition

Option Settlement Amount shall have the meaning provided for in Section 2.7(a).
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Option Settlement Amount. The aggregate amount of cash consideration to be paid to directors, officers and Employees of the Company holding Options in exchange for cancellation of such Options, as set forth in Section 5.1(b).
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Option Settlement Amount as of any exercise date shall be equal to the fair market value of the equity of the Issuer, assuming a willing buyer and a willing seller, and taking into account the estimated useful life of the Project and any Indebtedness of Issuer and each other Issuer Party, in each case, as of such exercise date (the “Company Value”) as determined in good faith by the members of Issuer, or, if the Option Holder does not accept such determination, by an independent appraiser (the “Joint Appraiser”) selected by mutual agreement of Issuer and Required Option Holders or, if they cannot agree, as provided in the next sentence. In the event that Issuer and Required Option Holders are unable to agree on an appraiser within thirty (30) days after the date of exercise, Issuer shall forthwith select one appraiser, Required Option Holders shall forthwith select a second appraiser, and the two appraisers so selected shall forthwith select a third appraiser with expertise in the appraisal of geothermal power generation and transmission facilities who shall be the Joint Appraiser. Such third appraiser shall be instructed to complete the determination of the Company Value as soon as practicable, and in any event within sixty (60) days after the date of exercise. Any determination of the Company Value reached by the Joint Appraiser shall be final. No discount for minority interest or lack of liquidity should be applied. The appraisal fees shall be paid by Issuer.
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Examples of Option Settlement Amount in a sentence

  • The Clean-Up Call Option Settlement Amount shall be due on the Payment Date following the Clean-Up Call Option Notice and, for the purposes of the definition of Collections shall be treated as a Settlement Amount.

  • The parties agree that, upon the occurrence of any event that would result in an adjustment of the Warrants Settlement Amount under the Warrants Unwind Agreement, the Calculation Agent may adjust the Call Option Settlement Amount to account for the economic effect of such adjustment event on the unwind contemplated by this Agreement, as determined in good faith and in a commercially reasonable manner by the Calculation Agent.

  • For the purposes of calculating the Clean-Up Call Option Settlement Amount, the risk of losses inherent to the relevant Purchased Receivables shall be taken into account on the basis of the risk status of such Purchased Receivables assessed by VWFS immediately prior to the buyback becoming effective.

  • The Option Settlement Amount as described in this paragraph shall be paid to Optionee as of the Effective Time by the Partnership as soon as reasonably practicable after the Effective Time.

  • The exercise price of this Option (the “Exercise Price”) as of any date of determination shall be equal to $1 for each 1% of the Option Settlement Amount for which this Option is exercised payable as provided in Section 5.4.

  • The Clean-Up Call Option Settlement Amount shall be due on the Payment Date following the Clean-Up Call Option Notice and for the purposes of the definition of Collections shall be treated as a Settlement Amount.

  • Upon the date hereof, Issuer shall cause to be placed on all copies of its Issuer Limited Liability Company Agreement a legend indicating that one or more Options have been granted providing the Option Holders a right to be paid in the aggregate the Applicable Percentages of the Option Settlement Amount represented by such Option or Options on the terms set forth in such Option or Options.

  • It shall be calculated on the last calendar day of the month in which the repurchase is to become effective.For the purposes of calculating the Clean-Up Call Option Settlement Amount, the risk of losses inherent to the relevant Purchased Receivables shall be taken into account on the basis of the risk status of such Purchased Receivables assessed by VWFS immediately prior to the buyback becoming effective.

  • The Clean-Up Call Option Settlement Amount shall be equal to the fair market value for all outstanding Purchased Receivables.

  • For the purposes of calculating the Clean-Up Call Option Settlement Amount, the risk of losses inherent to the relevant Purchased Receivables shall be taken into account on the basis of the risk status of such Purchased Receivables assessed by VWFS immediately prior to the repurchase becoming effective.


More Definitions of Option Settlement Amount

Option Settlement Amount has the meaning assigned in Section 3.
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Option Settlement Amount means an amount equal to (a) the Per Share Cash Consideration multiplied by the number of shares of CU Stock that immediately prior to the Effective Time are subject to unexercised CU Options held by Optionee, less (b) the aggregate exercise price for such unexercised CU Options.
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Related to Option Settlement Amount

  • Cash Settlement Amount means, in respect of every Board Lot, an amount calculated by the Issuer in accordance with the following formula (and, if appropriate, either (I) converted (if applicable) into the Settlement Currency at the Exchange Rate or, as the case may be, (II) converted into the Interim Currency at the First Exchange Rate and then (if applicable) converted into Settlement Currency at the Second Exchange Rate):

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Subscription Settlement Date means the second Valuation Date after the Subscription Trade Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

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

  • 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.

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

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

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

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

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

  • Cash Settlement Averaging Period means, with respect to any Note as to which Cash Settlement or Combination Settlement is applicable, the 45 consecutive Trading Day period beginning on, and including, the second Trading Day immediately following the related Conversion Date; except that “Cash Settlement Averaging Period” means, with respect to any Conversion Date occurring during the Final Conversion Period, the 45 consecutive Trading Day period beginning on, and including, the 46th Scheduled Trading Day immediately preceding the Maturity Date.

  • 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;

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • Share Settlement means a number of shares of Class A Common Stock equal to the number of Redeemed Units.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

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

  • Net Share Settlement means the settlement method pursuant to which an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of Common Stock equal to the Net Share Amount without any payment therefor.

  • 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.

  • Individual Settlement Payment means the amount payable from the Net