Reference Share Proportionate Reduction definition
Reference Share Proportionate Reduction means a proportionate reduction in the number of Reference Shares which are the subject of the applicable Reference Share Offer and attributable to each Debenture, calculated in accordance with the following formula:
Reference Share Proportionate Reduction means a proportionate reduction in the number of Reference Shares attributable to each Debenture, of the type subject to the applicable Reference Share Offer, calculated in accordance with the following formula: R = X/N where: R = the fraction by which the number of Reference Shares that are the subject of the Reference Share Offer and attributable to each Debenture will be reduced;
Reference Share Proportionate Reduction means a proportionate reduction in the number of Reference Shares attributable to each Debenture, of the type subject to the applicable Reference Share Offer, calculated in accordance with the following formula:
Examples of Reference Share Proportionate Reduction in a sentence
For the avoidance of doubt, the Trustee and the Exchange Agent shall rely conclusively on the calculations and information provided to them by the Company including, but not limited to, Current Market Price, VWAP, Trading Price, Parity Value, Reference Share Proportionate Reduction, Average Transaction Consideration and the make whole premium.
More Definitions of Reference Share Proportionate Reduction
Reference Share Proportionate Reduction means a proportionate reduction in the number of Reference Securities of the class or series of Reference Securities which are the subject of the applicable Reference Share Offer and included in the Reference Property attributable to each Debenture, calculated in accordance with the following formula: [OBJECT OMITTED] where: R = the fraction by which the number of Reference Securities of the class or series of Reference Securities subject to the Reference Share Offer and attributable to each Debenture will be reduced; X = the aggregate number of Reference Securities of the class or series of Reference Securities subject to the Reference Share Offer accepted in the Reference Share Offer; and N = the aggregate number of Reference Securities of the class or series of Reference Securities subject to the Reference Share Offer outstanding immediately prior to the expiration of the Reference Share Offer.
Reference Share Proportionate Reduction means a proportionate reduction in the number of Reference Shares attributable to each Debenture, of the type subject to the applicable Reference Share Offer, calculated in accordance with the following formula: R = X/N where: R = the fraction by which the number of Reference Shares of the class or series of Reference Shares that are the subject of the Reference Share Offer and attributable to each Debenture will be reduced; X = the aggregate number of such Reference Shares of the class or series of Reference Shares that are surrendered and accepted in the Reference Share Offer; and N = the aggregate number of Reference Shares of the class or series of Reference Shares subject to the Reference Share Offer outstanding immediately prior to the closing of the Reference Share Offer.
Reference Share Proportionate Reduction has the meaning set forth in Section 501(g);