Dividend Adjustments. If at any time during the period from but excluding the Trade Date, to and including the final Expiration Date an ex-dividend date for a cash dividend occurs with respect to the Shares, then the Calculation Agent will adjust the Strike Price, the Number of Warrants, the Warrant Entitlement and other variables as it deems appropriate to preserve the fair value of the Warrants to Dealer after taking into account such dividend.
Dividend Adjustments. If at any time during the period from and excluding the Effective Date (as defined in the Plan of Reorganization), to and including the Expiration Date, an ex-dividend date for which a cash dividend relates (regardless of when paid by the Issuer to holders of the Shares) occurs with respect to the Shares (an “Ex-Dividend Date”) and that dividend is greater than the Regular Dividend (as defined below) on a per Share basis, then the Forward Dividend Adjustment Value of the difference between the per Share cash dividend corresponding to that Ex-Dividend Date and the Regular Dividend shall be subtracted from the Put Strike Price and the Call Strike Price, effective as of such Ex-Dividend Date. “
Dividend Adjustments. The parties acknowledge that in determining the Strike Price of the Put Options they have assumed that no dividends shall be payable by the Issuer to holders of Shares during the term of the Transaction. If any Declared Dividend (as defined below) is declared on the Shares with respect to which Declared Dividend the Ex-Dividend Date (as defined below) falls on a date falling between the Trade Date and the Expiration Date, then the Calculation Agent shall calculate the outcome of the following formula as at the relevant Ex-Dividend Date: Number of Options * Declared Dividend * Delta and the Counterparty shall, within two Business Days of the Ex-Dividend Date, pay to Financial Institution an amount equal to the result of such formula. For the purposes of the foregoing:
Dividend Adjustments. (a) A dividend adjustment may apply to certain types of equity and index CFDs and Spread Bets.
(b) Please refer to the Market Information Sheets and Spread Bet Market Information Sheets for details of how the dividend adjustment is calculated and the types of equity and index CFDs and Spread Bets to which it applies. Whether you pay or receive the dividend adjustment depends on what you are doing as follows:-
(i) in the case of a CFD or Spread Bet Long Position, we pay the dividend adjustment to you, net of tax that we are obliged by law to withhold, and it will be credited to your Account;
(ii) in the case of a CFD or Spread Bet Short Position, you pay the gross dividend adjustment to us and it will be debited from your Account.
(c) Please note that the dividend adjustment does not apply to all equity and index CFDs and Spread Bets.
(d) Payment of the dividend adjustment in relation to CFDs or Spread Bets on non-UK equities may also be subject to tax laws applicable to the jurisdiction of such non-Equities.
Dividend Adjustments. In respect of any Extraordinary Dividend, the Calculation Agent may adjust the Strike Price and the Number of Warrants to preserve the fair value of the Warrants to Dealer after taking into account such Extraordinary Dividend as of the relevant ex-dividend date. Extraordinary Dividend: Any Dividend (i) that has an ex-dividend date occurring on or after the Trade Date and on or prior to the final Expiration Date and (ii) the amount or value of which differs from the Ordinary Dividend Amount for such Dividend, as determined by the Calculation Agent. If no ex-dividend date for a Dividend on the Shares occurs in any regular quarterly dividend period of Counterparty that falls, in whole or in part, after the Trade Date and on or prior to the final Expiration Date, then an Extraordinary Dividend of USD 0.00 shall be deemed to have been paid during such period with a deemed ex-dividend date that is the earliest to occur of (x) the last Scheduled Trading Day in the regular quarterly dividend period, (y) the Expiration Date for the relevant Component and (z) an Early Termination Date or any other day as of which the Transaction is terminated or cancelled. Dividend: Any cash dividend or distribution on the Shares (other than any dividend or distribution of the type described in Sections 11.2(e)(i), 11.2(e)(ii)(A) or 11.2(e)(ii)(B) of the Equity Definitions).
Dividend Adjustments. Counterparty agrees to notify Dealer promptly of the announcement of an ex-dividend date for any cash dividend by Counterparty. If an ex-dividend date for any cash dividend or distribution on the Shares (a “Triggering Dividend”) that differs from the Regular Dividend occurs at any time from, but excluding, the Trade Date to, and including, the Expiration Date or if no ex-dividend date for a cash dividend or distribution by Counterparty occurs during any regular dividend period of Counterparty (as determined by the Calculation Agent) that falls, in whole or in part, after the Trade Date and on or prior to the Expiration Date, then in lieu of any adjustments as provided under “Method of Adjustment” below, the Calculation Agent may make such adjustments to the Strike Price, the Number of Warrants and/or any other variable relevant to the exercise, settlement or payment or other terms of the Transaction as it deems appropriate in its good faith and commercially reasonable discretion to preserve the intended economic benefits of the Transaction. Regular Dividend: For the first Triggering Dividend for which the ex-dividend date occurs within any regular dividend period of Counterparty (as determined by the Calculation Agent), USD 0.10 per Share (subject to adjustment (x) by the Calculation Agent to account for any change in the regular dividend period length and (y) for any Potential Adjustment Event or Extraordinary Event as otherwise provided herein), and, for any subsequent Triggering Dividend for which the ex-dividend date occurs within the same regular dividend period, zero. Method of Adjustment: Calculation Agent Adjustment; provided, however, that the Equity Definitions shall be amended by replacing the words “diluting or concentrative” in Sections 11.2(a), 11.2(c) (in two instances) and 11.2(e)(vii) with the word “material” and by adding the words “or the Transaction” after the words “theoretical value of the relevant Shares” in Sections 11.2(a), 11.2(c) and 11.2(e)(vii); provided further that adjustments may be made to account for changes in actual or expected volatility, dividends, correlation, stock loan rate and liquidity relative to the relevant Share.
Dividend Adjustments. If at any time during the period from and excluding the Effective Date (as defined in the Plan of Reorganization), to and including the Expiration Date, an ex-dividend date for which a cash dividend relates (regardless of when paid by the Issuer to holders of the Shares) occurs with respect to the Shares (an “Ex-Dividend Date”) and that dividend is greater than the Regular Dividend (as defined below) on a per Share basis, then the Forward Dividend Adjustment Value of the difference between the per Share cash dividend corresponding to that
Dividend Adjustments. 19.1. The Client understands that, where applicable (for instance, in situations where an instrument is a CFD on stock, or CFD on index in respect of which dividend is paid), positions are subject to possible dividend adjustments. A dividend adjustment is applied to a share CFD or Index CFD position in the event of a dividend payment occurring in the underlying market, and specifically when the position passes its ex-dividend date (meaning that a position was left open at settlement time of the previous trading day).
19.2. For long positions (i.e. if the Client buys), the dividend adjustment will be credited to the Client's account, in the case of short positions (i.e. if the Client sells), the dividend adjustment is debited from the Client's account.
19.3. In the event of a dividend payment on a single stock CFD, the economic effect of the corporate action for CFD holders will be generally reflected as if they had been holding the underlying security. Dividends are calculated in respect of open positions held on the ex-date and paid on the pay-date for the relevant underlying security. For long positions on share CFDs dividend amount is reduced by the withholding tax rate.
19.4. The Client acknowledges and agrees that there may be certain factors outside Xxxx’x control, such as the tax treatment of any dividends paid to us by our counterparties, that may result in the cash credited to the Client’s account being less than the net value of the dividend ordinarily receivable by a taxpayer in a given country holding the equivalent position in an underlying instrument. In such circumstances, we have no obligation whatsoever to credit your account with a cash adjustment to offset the value of such difference/reduction.
Dividend Adjustments. (a) A dividend adjustment may apply to certain types of equity and index CFDs and Spread Bets.
(b) Whether you pay or receive the dividend adjustment depends on what you are doing as follows:-
(i) in the case of a CFD or Spread Bet Long Position, we pay the dividend adjustment to you, net of tax that we are obliged by law to withhold, and it will be credited to your Account;
(ii) in the case of a CFD or Spread Bet Short Position, you pay the gross dividend adjustment to us and it will be debited from your Account.
(c) Please note that the dividend adjustment does not apply to all equity and index CFDs and Spread Bets.
(d) Payment of the dividend adjustment in relation to CFDs or Spread Bets on non-UK equities may also be subject to tax laws applicable to the jurisdiction of such non- UK equities.
Dividend Adjustments. As provided for in Section 2.4 of the Stock Option Agreement, if Accellent Holdings pays a dividend after the Closing Date the Board shall, in good faith, cause the Committee to make such adjustments, under the Option Plan and the applicable stock option agreements, as shall be reasonably necessary to address the effect of such dividend on the Management Stockholders then holding outstanding Options; provided, however, if the Company has paid a cash dividend, the Committee may, if it so determines, treat vested and unvested Options in a manner that may be different.
