Examples of Daily Settlement Amount in a sentence
The Daily Settlement Amount shall be payable on the first Bank Day following the Trading Day in question in accordance with the instructions of the Designated Clearing House.
The Daily Settlement Amount for a Futures Contract (other than the first Daily Settlement Amount) shall be determined by reference to the difference between the Daily Settlement Price for the Futures Contract on the Trading Day in question and the Daily Settlement Price for the immediately preceding Trading Day for such Futures Contract.
The first Daily Settlement Amount for a Futures Contract shall be determined by reference to the difference between the Future Price for the Futures Contract in question and the Daily Settlement Price for the Futures Contract on that Trade Day.
For the avoidance of doubt, the Trustee and the Conversion Agent shall rely conclusively on the calculations and information provided to them by the Company as to the Daily VWAP, Trading Price, Daily Conversion Value, Daily Settlement Amount and Last Reported Sale Price.
For the avoidance of doubt, in the case of Cash Settlement or Combination Settlement, if a VWAP Market Disruption Event occurs on a Scheduled Trading Day during the Conversion Period, or if such Scheduled Trading day is not a Trading Day for any other reason, then the Daily Conversion Value or Daily Settlement Amount, as applicable, will be determined on the next following Trading Day, and delivery of the Settlement Amount will be delayed accordingly.