Common use of Transferable Rights and Warrants Clause in Contracts

Transferable Rights and Warrants. If an Individual Stock Issuer issues transferable rights or warrants to all holders of its Individual Stock to subscribe for or purchase such Individual Stock at an exercise price per share less than the Closing Price of such Individual Stock on the Business Day immediately before the Ex-Dividend Date for such issuance, then the Calculation Agent will adjust the Initial Price for such Individual Stock by multiplying the prior Initial Price by a fraction, the numerator of which is the number of shares of such Individual Stock outstanding at the close of business on the day before such Ex-Dividend Date plus the number of additional shares of such Individual Stock that the aggregate offering price of the total number of shares of such Individual Stock so offered for subscription or purchase would purchase at the Closing Price of such Individual Stock on the Business Day immediately before such Ex-Dividend Date, with such number of additional shares being determined by multiplying the total number of shares so offered by the exercise price of such transferable rights or warrants and dividing the resulting product by the Closing Price of such Individual Stock on the Business Day immediately before such Ex-Dividend Date and the denominator of which is the number of shares of such Individual Stock outstanding at the close of business on the day before such Ex-Dividend Date plus the number of additional shares of such Individual Stock offered for subscription or purchase under such transferable rights or warrants. The Initial Price will not be adjusted, however, unless such Ex-Dividend Date occurs after the Trade Date and on or before the Coupon Payment Date for which the Individual Stock Returns will be determined.

Transferable Rights and Warrants. If an Individual Stock Issuer issues transferable rights or warrants to all holders of its Individual Stock to subscribe for or purchase such Individual Stock at an exercise price per share less than the Closing Price of such Individual Stock on the Note Business Day immediately before the Ex-Dividend Date for such issuance, then the Calculation Agent will adjust the Initial Stock Price for such Individual Stock by multiplying the prior Initial Stock Price by a fraction, the numerator of which is the number of shares of such Individual Stock outstanding at the close of business on the day before such Ex-Dividend Date plus the number of additional shares of such Individual Stock that the aggregate offering price of the total number of shares of such Individual Stock so offered for subscription or purchase would purchase at the Closing Price of such Individual Stock on the Note Business Day immediately before such Ex-Dividend Date, with such number of additional shares being determined by multiplying the total number of shares so offered by the exercise price of such transferable rights or warrants and dividing the resulting product by the Closing Price of such Individual Stock on the Note Business Day immediately before such Ex-Dividend Date and the denominator of which is the number of shares of such Individual Stock outstanding at the close of business on the day before such Ex-Dividend Date plus the number of additional shares of such Individual Stock offered for subscription or purchase under such transferable rights or warrants. The Initial Stock Price will not be adjusted, however, unless such Ex-Dividend Date occurs after the Trade Date and on or before the Coupon Payment Valuation Date for on which the Individual Valuation Stock Returns Price will be determined.

Transferable Rights and Warrants. If an Individual a Stock Issuer issues transferable rights or warrants to all holders of its Individual Stock to subscribe for or purchase such Individual Stock at an exercise price per share less than the Closing Price of such Individual Stock on the Note Business Day immediately before the Ex-Dividend Date for such issuance, then the Calculation Agent will adjust the Initial Stock Price for such Individual Stock with respect to each Valuation Date occurring after the Ex-Dividend Date by multiplying the prior Initial Stock Price by a fraction, the numerator of which is the number of shares of such Individual Stock outstanding at the close of business on the day before such Ex-Dividend Date plus the number of additional shares of such Individual Stock that the aggregate offering price of the total number of shares of such Individual Stock so offered for subscription or purchase would purchase at the Closing Price of such Individual Stock on the Note Business Day immediately before such Ex-Dividend Date, with such number of additional shares being determined by multiplying the total number of shares so offered by the exercise price of such transferable rights or warrants and dividing the resulting product by the Closing Price of such Individual Stock on the Note Business Day immediately before such Ex-Dividend Date and the denominator of which is the number of shares of such Individual Stock outstanding at the close of business on the day before such Ex-Dividend Date plus the number of additional shares of such Individual Stock offered for subscription or purchase under such transferable rights or warrants. The Initial Stock Price will not be adjusted, however, unless such Ex-Dividend Date occurs after the Trade Pricing Date and on or before the Coupon Payment Valuation Date for on which the Individual Valuation Stock Returns Price will be determined.

Transferable Rights and Warrants. If an Individual a Stock Issuer issues transferable rights or warrants to all holders of its Individual Stock to subscribe for or purchase such Individual Stock at an exercise price per share less than the Closing Price of such Individual Stock on the Note Business Day immediately before the Ex-Dividend Date for such issuance, then the Calculation Agent will adjust the Initial Stock Price for such Individual Stock with respect to each Valuation Date occurring after the Ex-Dividend Date by multiplying the prior Prior Initial Stock Price by a fraction, the numerator of which is the number of shares of such Individual Stock outstanding at the close of business on the day before such Ex-Dividend Date plus the number of additional shares of such Individual Stock that the aggregate offering price of the total number of shares of such Individual Stock so offered for subscription or purchase would purchase at the Closing Price of such Individual Stock on the Note Business Day immediately before such Ex-Dividend Date, with such number of additional shares being determined by multiplying the total number of shares so offered by the exercise price of such transferable rights or warrants and dividing the resulting product by the Closing Price of such Individual Stock on the Note Business Day immediately before such Ex-Dividend Date and the denominator of which is the number of shares of such Individual Stock outstanding at the close of business on the day before such Ex-Dividend Date plus the number of additional shares of such Individual Stock offered for subscription or purchase under such transferable rights or warrants. The Initial Stock Price will not be adjusted, however, unless such Ex-Dividend Date occurs after the Trade Pricing Date and on or before the Coupon Payment Valuation Date for on which the Individual Valuation Stock Returns Price will be determined.