Common use of Alternative Dilution and Reorganization Adjustments Clause in Contracts

Alternative Dilution and Reorganization Adjustments. The Calculation Agent may elect at its discretion to not make any of the adjustments to the Price Multiplier or to the method of determining the amount payable on the Notes, but may instead make adjustments in its discretion to the Price Multiplier or the method of determining the amount payable on the Notes that shall reflect the adjustments to the extent practicable made by the Options Clearing Corporation on options contracts on the Underlying Stock or any successor common stock. The Company shall provide notice of that election to the trustee not more than two Trading Days following the date that the Options Clearing Corporation publishes notice of its adjustments relating to the Underlying Stock and shall detail in that notice the actual adjustment made to the Price Multiplier or to the method of determining the amount payable on the Notes.

Appears in 5 contracts

Samples: Indenture (Merrill Lynch & Co Inc), Indenture (Merrill Lynch & Co Inc), Indenture (Merrill Lynch & Co Inc)

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