Common use of Dividend Adjustments Clause in Contracts

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)

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