Examples of Share Multiplier in a sentence
The Share Multiplier resulting from any Antidilution Adjustment shall be rounded up or down, as appropriate, to the nearest one-hundred thousandth.
If one of the events described below occurs with respect to the Underlying Stock and the Calculation Agent determines that such event has a diluting or concentrative effect on the market price of the Underlying Stock, the Calculation Agent shall calculate a corresponding Antidilution Adjustment to the Share Multiplier as the Calculation Agent deems appropriate to account for such diluting or concentrative effect.
The Share Multiplier is subject to adjustments by the Calculation Agent as a result of the dilution and reorganization adjustments described in this Section 6 (each such adjustment an “Antidilution Adjustment”).
The Share Multiplier shall be adjusted by the Calculation Agent by multiplying the existing Share Multiplier by a fraction whose numerator is the number of shares of the Underlying Stock outstanding immediately after the dilution or Reorganization Event and whose denominator is the number of shares of the Underlying Stock outstanding immediately prior to the dilution or Reorganization Event.
Having made an adjustment for the first such event, the Calculation Agent shall adjust the Share Multiplier for the second such event, applying the required Antidilution Adjustment to the Share Multiplier as already adjusted for the first such event, and so on for any subsequent events.