Notwithstanding anything to the contrary herein, or in the Equity Definitions, if at any time # an Early Termination Date occurs or # the Transaction is cancelled or terminated upon the occurrence of an Extraordinary Event (other than # an Insolvency, a Nationalization, a Merger Event or a Tender Offer, in each case, in which the consideration or proceeds to be paid to holders of Shares consists solely of cash or # an Event of Default in which Issuer is the Defaulting Party or a Termination Event in which Issuer is an Affected Party, which Event of Default or Termination Event resulted from an event or events within Issuer’s control), if either party would owe any amount to the other party pursuant to [Section 6(d)(ii)] of the Agreement or any Cancellation Amount pursuant to Article 12 of the Equity Definitions (any such amount, a “Payment Amount”), then such payment shall be paid as set forth under the Agreement or Equity Definitions, as the case may be, unless Issuer makes an election to the contrary no later than the Early Termination Date or the date on which such Transaction is terminated or cancelled, in which case Issuer or Dealer, as the case may be, shall deliver to the other party a number of Shares (or a number of units, each comprising the number or amount of the securities or property that a hypothetical holder of one Share would receive in the case of a Nationalization, Insolvency or Merger Event, as the case may be (each such unit, an “Alternative Delivery Unit”)), with a value equal to the Payment Amount, as determined by the Calculation Agent. In determining the number of Shares (or Alternative Delivery Units) required to be delivered under this provision, the Calculation Agent may take into account a number of factors, including, without limitation, the market price of the Shares (or Alternative Delivery Units) on the Early Termination Date or the date of early cancellation or termination, as the case may be. Additionally, if such delivery is made by Dealer, the Calculation Agent shall take into account the prices at which Dealer purchases Shares (or Alternative Delivery Units) to fulfill its delivery obligations under this Section 6; provided that in determining the composition of any Alternative Delivery Unit, if the relevant Merger Event involves a choice of consideration to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash. If delivery of Shares or Alternative Delivery Units, as the case may be, pursuant to this Section 6 is to be made by Issuer, paragraphs 2 through 8 of Annex A hereto shall apply as if # such delivery were a settlement of the Transaction to which Net Share Settlement applied, # the Buyer Cash Settlement Payment Date were the Early Termination Date or the date of early cancellation or termination, as the case may be, and # the Forward Cash Settlement Amount were equal to # zero minus # the Payment Amount owed by Issuer.
Early Termination. In the contrary herein, or in the Equity Definitions, if at any time #event that an Early Termination Date (whether as a result of an Event of Default or a Termination Event) occurs or # theis designated with respect to any Transaction is cancelled or terminated upon the occurrence(except as a result of an Extraordinary Event (other than # an Insolvency, a Nationalization, a Merger Event or a Tender Offer, in each case, in which the consideration or proceeds to be paid to holders of Shares consists solely of cash or # an Event of Default in which Issuer is the Defaulting Party or a Termination Event in which Issuer is an Affected Party, which Event of Default or Termination Event resulted from an event or events within Issuer’s control)cash), if either party would owe any amount to the other party pursuant to [Section 6(d)(ii)] of the Agreement or any Cancellation Amount pursuant to [Article 12] of the Equity Definitions (any such amount, a “Payment Amount”Payment Amount), then the following provisions shall apply. If such Payment Amount is owed by Dealer, then in lieu of any payment of such Payment Amount, such Payment Amount shall be paid as set forth undersatisfied through the Agreement or Equity Definitions, as the case may be, unless Issuer makes an election to the contrary no later than the Early Termination Date or the date on which such Transaction is terminated or cancelled, in which case Issuer or Dealer, as the case may be, shall deliver to the other partydelivery of a number of Shares (or(or, in the case of a Merger Event, a number of units, each comprising the number or amount of the securities or property that a hypothetical holder of one Share would receive in the case of a Nationalization, Insolvency orsuch Merger Event, as the case may beEvent (each such unit, an “AlternativeAlternative Delivery Unit”Unit and, the securities or property comprising such unit, Alternative Delivery Property)), with a value equal to the Payment Amount, as determined by the Calculation Agent. In determiningAgent (and the numberparties agree that, in making such determination of Shares (or Alternative Delivery Units) required to be delivered under this provision,value, the Calculation Agent may take into account a number of factors, including, without limitation,including the market price of the Shares (oror Alternative Delivery Units)Property on the Early Termination Date or the date of early cancellation or termination, as the case may be. Additionally, if such delivery is made by Dealer, the Calculation Agent shall take into accounttermination and the prices at which Dealer purchases Shares (oror Alternative Delivery Units)Property to fulfill its delivery obligations under this [Section 6];14]), unless Counterparty, no later than such Early Termination Date or the date on which such Transaction is terminated, elects for Dealer to satisfy its obligation to pay the Payment Amount in cash; provided that in determining the composition of any Alternative Delivery Unit, if the relevant Merger Event involves a choice of consideration to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash. If delivery of Shares or Alternative Delivery Units, as the case may be, pursuant to this [Section 6]such Payment Amount is to be madeowed by Issuer, paragraphs 2 through 8 of [Annex A] heretoCounterparty, Annex A shall apply as if # such delivery were a settlement ofexcept that the Transaction to which Net Share Settlement applied, #Method Election Date and the Buyer Cash Settlement Payment Date wereshall be the Early Termination Date or the date of early cancellation or termination, as the case may be, and #Date, the Forward Cash Settlement Amount were equal to #shall be zero (0) minus # the Payment Amount owed by Issuer.Counterparty (and, for the avoidance of doubt, the definitions of Settlement Price and Settlement Valuation Period shall not apply) and, in the case of a Merger Event, references to Shares shall be references to Alternative Delivery Units.
Notwithstanding anything toEarly Termination. In the contrary herein, or in the Equity Definitions, if at any time #event that an Early Termination Date (whether as a result of an Event of Default or a Termination Event) occurs or # theis designated with respect to any Transaction is cancelled or terminated upon the occurrence(except as a result of an Extraordinary Event (other than # an Insolvency, a Nationalization, a Merger Event or a Tender Offer, in each case, in which the consideration or proceeds to be paid to holders of Shares consists solely of cash or # an Event of Default in which Issuer is the Defaulting Party or a Termination Event in which Issuer is an Affected Party, which Event of Default or Termination Event resulted from an event or events within Issuer’s control)cash), if either party would owe any amount to the other party pursuant to [Section 6(d)(ii)] of the Agreement or any Cancellation Amount pursuant to Article 12 of the Equity Definitions (any such amount, a “Payment Amount”), then the following provisions shall apply. If such Payment Amount is owed by , then in lieu of any payment of such Payment Amount, such Payment Amount shall be paid as set forth undersatisfied through the Agreement or Equity Definitions, as the case may be, unless Issuer makes an election to the contrary no later than the Early Termination Date or the date on which such Transaction is terminated or cancelled, in which case Issuer or Dealer, as the case may be, shall deliver to the other partydelivery of a number of Shares (or(or, in the case of a Merger Event, a number of units, each comprising the number or amount of the securities or property that a hypothetical holder of one Share would receive in the case of a Nationalization, Insolvency orsuch Merger Event, as the case may beEvent (each such unit, an “Alternative Delivery Unit” and, the securities or property comprising such unit, “Alternative Delivery Property”)), with a value equal to the Payment Amount, as determined by the Calculation Agent. In determiningAgent (and the numberparties agree that, in making such determination of Shares (or Alternative Delivery Units) required to be delivered under this provision,value, the Calculation Agent may take into account a number of factors, including, without limitation,including the market price of the Shares (oror Alternative Delivery Units)Property on the Early Termination Date or the date of early cancellation or termination, as the case may be. Additionally, if such delivery is made by Dealer, the Calculation Agent shall take into accounttermination and the prices at which Dealer purchases Shares (oror Alternative Delivery Units)Property to fulfill its delivery obligations under this Section 6;[Section 14]), unless Counterparty, no later than such Early Termination Date or the date on which such Transaction is terminated, elects for to satisfy its obligation to pay the Payment Amount in cash; provided that in determining the composition of any Alternative Delivery Unit, if the relevant Merger Event involves a choice of consideration to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash. If delivery of Shares or Alternative Delivery Units, as the case may be, pursuant to this Section 6such Payment Amount is to be madeowed by Issuer, paragraphs 2 through 8 of Annex A heretoCounterparty, [Annex A] shall apply as if # such delivery were a settlement ofexcept that the Transaction to which Net Share Settlement applied, #Method Election Date and the Buyer Cash Settlement Payment Date wereshall be the Early Termination Date or the date of early cancellation or termination, as the case may be, and #Date, the Forward Cash Settlement Amount were equal to #shall be zero (0) minus # the Payment Amount owed by Issuer.Counterparty (and, for the avoidance of doubt, the definitions of Settlement Price and Settlement Valuation Period shall not apply) and, in the case of a Merger Event, references to “Shares” shall be references to “Alternative Delivery Units.”
Notwithstanding anything to the contrary herein, or in the Equity Definitions, if at any timeAlternative Calculations and Payment on Early Termination and on Certain Extraordinary Events. If # an Early Termination Date (whether as a result of an Event of Default or a Termination Event) occurs or is designated with respect to the Transaction or # the Transaction is cancelled or terminated upon the occurrence of an Extraordinary Event (other than(except as a result of # an Insolvency, a Nationalization, aInsolvency or Merger Event or a Tender Offer, in each case, in which the consideration or proceeds to be paid to all holders of Shares consists solely of cashcash, # a Merger Event or Tender Offer that is within ’s control, or # an Event of Default in which Issuer is the Defaulting Party or a Termination Event in which Issuer is anthe Affected Party, whichParty other than an Event of Default of the type described in [[Section 5(a)(iii), (v), (vi), (vii) or (viii)])])])])]])])])])] of the Agreement or a Termination Event of the type described in [Section 5(b)] of the Agreement, in each case that resulted from an event or events within Issuer’outside ’s control), and if either party would owe any amount to the other party pursuant to [Section[[Section 6(d)(ii) and 6(e)])]])] of the Agreement or any Cancellation Amount pursuant to Article 12 of the Equity Definitions (any such amount, a “Payment Amount”Obligation”), then such payment shall be paid as set forth undersatisfy the Agreement or Equity Definitions, asPayment Obligation by the case may be,Share Termination Alternative (as defined below) unless Issuer makes an election# gives irrevocable telephonic notice to the contrary, confirmed in writing within one Scheduled Trading Day, no later than (New York City time) on the Early TerminationMerger Date, Tender Offer Date, Announcement Date or the date on which such Transaction is terminated or cancelled, in which case Issuer or Dealer, as the case may be, shall deliver to the other party a number of Shares (or a number of units, each comprising the number or amount of the securities or property that a hypothetical holder of one Share would receive in(in the case of a Nationalization, Insolvency or Merger Event, as the case may be (each such unit, an “Alternative Delivery Unit”))Delisting), with a value equal to the Payment Amount, as determined by the Calculation Agent. In determining the number of Shares (or Alternative Delivery Units) required to be delivered under this provision, the Calculation Agent may take into account a number of factors, including, without limitation, the market price of the Shares (or Alternative Delivery Units) on the Early Termination Date or date of cancellation, as applicable, of its election that the Share Termination Alternative shall not apply, # as of the date of early cancellation or termination, as the case may be. Additionally, if such deliveryelection, represents that is made by Dealer, the Calculation Agent shall take into account the prices at which Dealer purchases Shares (or Alternative Delivery Units) to fulfill its delivery obligations under this Section 6; provided thatnot in determining the compositionpossession of any Alternative Delivery Unit, ifmaterial non-public information regarding or the relevant Merger Event involvesShares, and that such election is being made in good faith and not as part of a choiceplan or scheme to evade compliance with the federal securities laws, and # agrees, in its commercially reasonable discretion, to such election, in which case the provisions of consideration to be received by holders, such holder shall be deemed to have elected to receive[[Section 6(d)(ii) and 6(e)])]])] of the maximum possible amount of cash. If delivery of Shares or Alternative Delivery Units,Agreement, as the case may be, pursuant to this Section 6 is to be made by Issuer, paragraphs 2 through 8 of Annex A hereto shall apply as if # such delivery were a settlement of the Transaction to which Net Share Settlement applied, # the Buyer Cash Settlement Payment Date were the Early Termination Date or the date of early cancellation or termination, as the case may be, and # the Forward Cash Settlement Amount were equal to # zero minus # the Payment Amount owed by Issuer.apply.
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