Common use of Reverse Stock Splits Clause in Contracts

Reverse Stock Splits. If an Individual Stock is subject to a reverse stock split, then once the reverse stock split becomes effective, the Calculation Agent will adjust the Initial Price by multiplying the prior Initial Price by the number equal to (i) the number of shares of the Individual Stock outstanding immediately before the reverse stock split divided by (ii) the number of shares of the Individual Stock outstanding immediately after the reverse stock split. The Initial Price will not be adjusted, however, unless the reverse stock split becomes effective after the Trade Date and on or before the Coupon Payment Date for which the Individual Stock Returns will be determined.