Relevant Forward Price Clause Samples
The 'Relevant Forward Price' clause defines the specific price to be used for a commodity, security, or financial instrument in a forward contract or transaction. Typically, this clause outlines how the forward price is determined, such as referencing a published market rate, an agreed-upon formula, or a price provided by a third-party source on a particular date. For example, it may specify that the price is the closing price on a certain exchange on a set date prior to settlement. The core function of this clause is to ensure both parties have a clear, objective, and mutually agreed reference for pricing, thereby reducing disputes and providing certainty in the execution of forward contracts.
Relevant Forward Price. For any Cash Settlement or Net Share Settlement, as determined by the Calculation Agent, the weighted average Forward Price per Share on each Unwind Date during the Unwind Period relating to such Settlement (weighted based on the number of Shares purchased by Dealer or its agent or affiliate in connection with unwinding its commercially reasonable hedge position in connection on each such Unwind Date in connection with such Settlement).
Relevant Forward Price. For any Cash Settlement or Net Share Settlement, as determined by the Calculation Agent, the weighted average Forward Price per Share on each Unwind Date during the Unwind Period relating to such Settlement (weighted based on the number of Shares purchased by Dealer or its agent or affiliate in connection with unwinding its reasonable hedge position on each such Unwind Date in connection with such Settlement and calculated assuming no reduction to the Forward Price for any Forward Price Reduction Date that occurs during such Unwind Period). Cash Settlement Payment Date: The date that is one Settlement Cycle following the Valuation Date.