Initial Settlement. On the third Trading Day immediately following the Purchase Date (the “Initial Settlement Date”), Citibank shall deliver to the Company, a number of Shares equal to the product of (i) 85% and (ii) the Number of Shares (the “Number of Initial Shares”), upon payment by the Company of the Purchase Price in U.S. dollars.
Appears in 3 contracts
Sources: Accelerated Share Repurchase Agreement (Lexmark International Inc /Ky/), Accelerated Share Repurchase Agreement (Lexmark International Inc /Ky/), Accelerated Share Repurchase Agreement (Lexmark International Inc /Ky/)
Initial Settlement. On the third Trading Day immediately following the Purchase Date (the “Initial Settlement Date”), Citibank Citigroup shall deliver the Number of Initial Shares to the Company, a number of Shares equal to the product of (i) 85% and (ii) the Number of Shares (the “Number of Initial Shares”), upon payment by the Company of the Purchase Price in U.S. dollars. III.
Appears in 1 contract
Sources: Accelerated Share Repurchase Agreement (United States Cellular Corp)