Daily Net Settlement Amount

Daily Net Settlement Amount. For each of the 40 consecutive Trading Days during the relevant Observation Period, shall consist of: (a) if the Company does not elect a Cash Percentage or the Company elects (or is deemed to have elected) a Cash Percentage of 0% as set forth herein, a number of Nokia Consideration Units equal to (i) the difference between the Daily Conversion Value and $25, divided by (ii) the sum of (x) the product of the Daily VWAP for such Trading Day and the Equity Component and (y) the Cash Component; ... (b) if the Company elects a Cash Percentage of 100% as set forth herein, cash in an amount equal to the difference between the Daily Conversion Value and $25; or (c) if the Company elects a Cash Percentage of less than 100% but greater than 0% as set forth herein, (i) cash equal to the product of (x) the difference between the Daily Conversion Value and $25 and (y) the Cash Percentage, plus (ii) a number of Nokia Consideration Units equal to the product of (x) (A) the difference between the Daily Conversion Value and $25, divided by (B) the sum of (1) the product of the Daily VWAP for such Trading Day and the Equity Component and (2) the Cash Component and (y) 100% minus the Cash Percentage. 2 View More