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. “
Appears in 4 contracts
Samples: Letter Agreement (Owens Corning/Fibreboard Asbestos Personal Injury Trust), Letter Agreement (Owens Corning/Fibreboard Asbestos Personal Injury Trust), Confirmation Agreement (Owens Corning)