Reference Share definition
Examples of Reference Share in a sentence
In such case, the Relevant Price for such Reference Share on such eighth Scheduled Trading Day may also be the latest available quotation or Closing Price for such Reference Share during the period from, and including, the scheduled Valuation Date that was postponed to, and including such eighth Scheduled Trading Day.
If any Valuation Date is not a Scheduled Trading Day for a Reference Share, then such Valuation Date for such Reference Share will be the next day following the scheduled Valuation Date that is a Scheduled Trading Day for such Reference Share.
Unless otherwise specified in the applicable Pricing Supplement, if a Market Disruption Event occurs with respect to a Reference Share on any Valuation Date for such Reference Share, that Valuation Date for such Reference Share (and only for such Reference Share) will be postponed until the immediately succeeding Scheduled Trading Day for such Reference Share on which no Market Disruption Event occurs in respect of such Reference Share.
If more than one event requiring adjustment(s) occurs with respect to a Reference Share, the Calculation Agent will make such adjustment(s) for each event in the order in which the events occur, and on a cumulative basis.
Thus, having adjusted the Initial Share Price for such Reference Share or any other variables (or any combination thereof) for the first event, the Calculation Agent will adjust the appropriate variables for the second event, applying the required adjustment(s) cumulatively.