Early Settlement Upon a Fundamental Change. The following table sets forth the “fundamental change early settlement rate” (as defined in the Units Preliminary Prospectus Supplement) per Purchase Contract for each “unit price” and “effective date” (each as defined in the Units Preliminary Prospectus Supplement) set forth below: $30.00 0.6896 0.7440 0.8025 0.8591 $40.00 0.6920 0.7408 0.7989 0.8591 $45.00 0.6884 0.7338 0.7897 0.8591 $50.00 0.6838 0.7255 0.7771 0.8591 $55.00 0.6788 0.7168 0.7629 0.8591 $58.20 0.6758 0.7115 0.7538 0.8591 $60.00 0.6741 0.7087 0.7487 0.8333 $65.00 0.6699 0.7014 0.7359 0.7692 $69.84 0.6665 0.6954 0.7254 0.7159 $75.00 0.6634 0.6901 0.7163 0.7159 $85.00 0.6592 0.6828 0.7046 0.7159 $90.00 0.6577 0.6804 0.7010 0.7159 $100.00 0.6560 0.6772 0.6969 0.7159 $125.00 0.6554 0.6751 0.6948 0.7159 $150.00 0.6569 0.6759 0.6954 0.7159 $175.00 0.6588 0.6773 0.6963 0.7159 The exact unit price and effective date may not be set forth in the table above, in which case: • if the unit price is between two unit prices in the table or the effective date is between two effective dates in the table, the fundamental change early settlement rate will be determined by straight line interpolation between the fundamental change early settlement rates set forth for the higher and lower unit prices and the earlier and later effective dates, as applicable, based on a 365-day year; • if the unit price is greater than $175.00 per WGP Common Unit (subject to adjustment in the same manner as the unit prices set forth in the column headings of the table above), then the fundamental change early settlement rate will be the Minimum Settlement Rate; or • if the unit price is less than $30.00 per WGP Common Unit (subject to adjustment in the same manner as the WGP Common Unit prices set forth in the column headings of the table above, the “Minimum Unit Price”), the fundamental change early settlement rate will be determined as if the unit price equaled the Minimum Unit Price, and using straight line interpolation, as described in the first bullet of this paragraph, if the effective date is between two effective dates in the table. The maximum number of WGP Common Units deliverable under a Purchase Contract is 0.8591, subject to adjustment at the same time and in the same manner as the “fixed settlement rates” (as defined in the Units Preliminary Prospectus Supplement) as set forth under “Description of the Purchase Contracts—Adjustments to the Fixed Settlement Rates” in the Units Preliminary Prospectus Supplement.
Appears in 2 contracts
Samples: Underwriting Agreement (Anadarko Petroleum Corp), Underwriting Agreement (Western Gas Equity Partners, LP)