Method of Adjustments. Calculation Agent Adjustment Potential Adjustment Events: Notwithstanding anything to the contrary contained in the 2002 Definitions, the previously announced dividend consisting of 25 percent of the common equity interests, on a fully diluted basis, in the business of FX Luxury Realty LLC (the “FXLR Spin”) will not constitute a Potential Adjustment Event and the failure of the record date for such distribution to have occurred prior to the Settlement Date will constitute a Potential Adjustment Event. As such the parties acknowledge that the Buyer will never have beneficial ownership of, nor the economic benefit from, the common equity interests in the business of FX Luxury Realty LLC.
Method of Adjustments. Calculation Agent Adjustment; provided, however, that adjustments may be made to account for changes in volatility, stock loan rate and liquidity relative to the relevant Share but only in respect of Potential Adjustment Events of the types described in Sections 11.2(e)(ii)(A), 11.2(e)(ii)(B) and 11.2(e)(iii) of the 2002 Definitions and events of the types described in Sections 11.2(e)(vi) and 11.2(e)(vii) to the extent analogous to the foregoing. Adjustments in respect of events under Section 11.2(e)(iii) shall be in addition to the provisions hereof relating to Excess Dividend Amount. The Forward Cap Floor shall be subject to adjustment hereunder for Potential Adjustment Events other than dividends.
Method of Adjustments
