Examples of Share Multiplier in a sentence
If the Underlying Stock is subject to a stock split or a reverse stock split, then once such stock split or reverse stock split, as the case may be, has become effective the Calculation Agent shall adjust the Share Multiplier to equal the product of the prior Share Multiplier and the number of shares issued in such stock split or reverse stock split with respect to one share of the Underlying Stock.
The Share Multiplier resulting from any Antidilution Adjustment shall be rounded up or down, as appropriate, to the nearest one-hundred thousandth.
If the Underlying Stock is subject to a stock dividend payable in shares of the Underlying Stock that is given ratably to all holders of shares of the Underlying Stock, then once the dividend has become effective the Calculation Agent shall adjust the Share Multiplier on the ex-dividend date to equal the sum of the prior Share Multiplier plus the product of the number of shares issued with respect to one share of the Underlying Stock and the prior Share Multiplier.
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.
If the number of shares of the Underlying Stock actually delivered in respect of the rights or warrants differs from the number of shares of the Underlying Stock offered in respect of such rights or warrants, the Share Multiplier shall promptly be readjusted to the Share Multiplier which would have been in effect had the adjustment been made on the basis of the number of shares of the Underlying Stock actually delivered in respect of such rights or warrants.