Fixed Settlement Rate definition
Examples of Fixed Settlement Rate in a sentence
All adjustments to each Fixed Settlement Rate shall be calculated to the nearest 1/10,000th of a share of Common Stock.
If any dividend or distribution of the type described in this clause (i) is declared but not so paid or made, the Fixed Settlement Rate shall be immediately readjusted, effective as of the date the Company determines not to pay such dividend or distribution, to the Fixed Settlement Rates that would then be in effect if such dividend or distribution had not been declared.
Neither the Trustee nor the Purchase Contract Agent shall have any duty or obligation to calculate a Fixed Settlement Rate or any adjustment thereto or verify any calculation thereof.
The Dividend Threshold is subject to adjustment in a manner inversely proportional to adjustments to the each Fixed Settlement Rate; provided that no adjustment will be made to the Dividend Threshold for any adjustment to the Fixed Settlement Rate pursuant to this Section 5.01(a)(iv).
Each Fixed Settlement Rate shall be determined based upon the Applicable Market Value of a unit of Exchange Property that a holder of one share of Common Stock would have received in such Reorganization Event.
If such dividend or distribution is not so made or paid, the Fixed Settlement Rate shall be decreased, effective as of the date the Company determines not to make or pay such dividend or distribution, to be the Fixed Settlement Rates that would then be in effect if such dividend or distribution had not been declared.
No adjustment in a Fixed Settlement Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein.