Reference Company definition
Examples of Reference Company in a sentence
Notwithstanding the foregoing, if the Reference Shares attributable to the Debentures are composed of the Reference Shares of more than one Reference Company, then the Stock Price will be the sum of the Stock Prices of each Reference Company calculated in accordance with the foregoing.
Such payment shall be made by the Company on the next Interest Payment Date to Holders as of the close of business on the Interest Record Date for such Interest Payment Date, unless the Regular Cash Dividend is paid by the applicable Reference Company to its stockholders after such Interest Record Date, in which case the Additional Distribution will be payable on the next subsequent Interest Payment Date to Holders as of the close of business on the Interest Record Date therefor.
In connection with any exchange of Debentures in connection with a Make-Whole Redemption, no change will be made to any Reference Shares attributable to a Debenture of any Reference Company other than the Significant Reference Company as to which the Fundamental Change or Make-Whole Fundamental Change relates.
The valuation period for such Current Market Price shall be the 30 Scheduled Trading Days commencing on the Scheduled Trading Day next following the date on which the relevant distribution is made by the relevant Reference Company.
If such declaration by the board of directors of such Reference Company is rescinded or such payment is otherwise not made or if such merger or sale is terminated, then such exchange period shall terminate as of the close of business on the date the Company provides notice of such rescission, non-payment or termination to Holders of the Debentures.