Derivatives Contract

Example Definitions of "Derivatives Contract"
Derivatives Contract. A contract between two parties (the "Receiving Party" and the "Counterparty") that is designed to produce economic benefits and risks to the Receiving Party that correspond substantially to the ownership by the Receiving Party of a number of shares of Common Stock specified or referenced in such contract (the number corresponding to such economic benefits and risks, the "Notional Common Shares"), regardless of whether (a) obligations under such contract are required or permitted to be settled... through the delivery of cash, shares of Common Stock or other property or (b) such contract conveys any voting rights in shares of Common Stock, without regard to any short or similar position under the same or any other Derivative Contract. For the avoidance of doubt, interests in broad-based index options, broad-based index futures and broad-based publicly traded market baskets of stocks approved for trading by the appropriate federal governmental authority shall not be deemed to be Derivatives Contracts. View More
Found in CASTLE A M & CO contract
Derivatives Contract. A Shall mean a contract between two parties (the "Receiving Party" and the "Counterparty") its counterparty) that is designed to produce economic benefits and risks to the Receiving Party that correspond substantially to the ownership by the Receiving Party of a number of shares of Common Stock Company common stock specified or referenced in such contract (the number corresponding to such economic benefits and risks, the "Notional Common Shares"), regardless of whether (a) (i) obligations under... such contract are required or permitted to be settled through the delivery of cash, shares of Common Stock Company common stock or other property or (b) such contract conveys any voting rights in shares of Common Stock, Company common stock, without regard to any short or similar position under the same or any other Derivative Derivatives Contract. For the avoidance of doubt, interests in broad-based index options, broad-based index futures and broad-based publicly traded market baskets of stocks approved for trading by the appropriate federal governmental authority shall not be deemed to be Derivatives Contracts. View More
Found in Seacoast Banking Corporation of Florida contract
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