Common use of Share Termination Delivery Unit Clause in Contracts

Share Termination Delivery Unit. One Share or, if a Nationalization, Insolvency or Merger Event has occurred and a corresponding adjustment to the Transaction has been made, a unit consisting of the type and amount of such property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Nationalization, Insolvency or Merger Event, as determined by the Calculation Agent. Failure to Deliver: Applicable

Appears in 31 contracts

Sources: Call Option Transaction (DoorDash, Inc.), Call Option Transaction (Akamai Technologies Inc), Call Option Transaction (Akamai Technologies Inc)

Share Termination Delivery Unit. One Share or, if a Nationalization, Insolvency or Merger Event has occurred and a corresponding adjustment to the Transaction has been made, a unit consisting of the type and amount of such property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Nationalization, Insolvency or Merger Event, as determined by the Calculation Agent. Failure to Deliver: Applicable.

Appears in 2 contracts

Sources: Additional Call Option Transaction (Atlas Air Worldwide Holdings Inc), Base Call Option Transaction (Workday, Inc.)