Underlying Stock definition

Underlying Stock shall refer to the Common Shares or other securities or property issuable or issued upon exercise of the Options.

Underlying Stock means each of the common stock of General Dynamics Corporation, the common stock of Raytheon Company and the common stock of Lockheed Martin Corporation. The “Pricing Date” shall mean January 21, 2020. The “Lowest Performing Underlying Stock” for any Calculation Day will be the Underlying Stock with the lowest Performance Factor on that Calculation Day (as such Calculation Day may be postponed for one or more Underlying Stocks as provided herein). The “Performance Factor” with respect to an Underlying Stock on any Calculation Day is its Stock Closing Price on such Calculation Day divided by its Starting Price (expressed as a percentage). The “Starting Price” with respect to the common stock of General Dynamics Corporation is $183.29, its Stock Closing Price on the Pricing Date; with respect to the common stock of Raytheon Company is $228.99, its Stock Closing Price on the Pricing Date; and with respect to the common stock of Lockheed Martin Corporation is $426.15, its Stock Closing Price on the Pricing Date. The “Ending Price” of an Underlying Stock will be its Stock Closing Price on the Final Calculation Day. The “Threshold Price” with respect to the common stock of General Dynamics Corporation is $109.974, which is equal to 60% of its Starting Price; with respect to the common stock of Raytheon Company is $137.394, which is equal to 60% of its Starting Price; and with respect to the common stock of Lockheed Martin Corporation is $255.69, which is equal to 60% of its Starting Price. The “Stock Closing Price” with respect to each Underlying Stock on a Calculation Day, means the product of the Closing Price of such Underlying Stock and the Adjustment Factor for such Underlying Stock, each on such Calculation Day. The “Adjustment Factor” for each Underlying Stock is initially 1.0. The Adjustment Factor for each Underlying Stock will remain constant for the term of this Security, subject to adjustment for certain corporate events relating to the applicable Underlying Stock Issuer as set forth below under “—Adjustment Events.”

Underlying Stock means the shares of Common Stock or Series A Preferred Stock issuable or issued upon the exercise of the Warrants.

Examples of Underlying Stock in a sentence

• The Issuer may, but need not, determine the appropriate adjustment by reference to the adjustment in respect of such Potential Adjustment Event made by an exchange on which options or futures contracts on the Underlying Stock are traded.(b) Definitions.

• The Issuer may, but need not, determine the appropriate adjustment by reference to the adjustment in respect of such Potential Adjustment Event made by an exchange on which options or futures contracts on the Underlying Stock are traded.

• Underlying Stock Currency: Hong Kong Dollar (“HKD”) Settlement Currency: Singapore Dollar (“SGD”)Exercise Expenses: Certificate Holders will be required to pay all charges which areincurred in respect of the exercise of the Certificates.

• Adjustments and Extraordinary Events:The Issuer has the right to make adjustments to the terms of the Certificates if certain events, including any capitalisation issue, rights issue, extraordinary distributions, merger, delisting, insolvency (as more specifically set out in the terms and conditions of the Certificates) occur in respect of the Underlying Stock.

• The purchase of Certificates does not confer on the Certificate Holders any right (whether in respect of voting, dividend or other distributions in respect of the Underlying Stock or otherwise) which the holder of an Underlying Stock may have.

More Definitions of Underlying Stock

Underlying Stock means those shares of the Company's Common Stock issuable upon (i) conversion of the Series R Preferred Stock and (ii) exercise of any Warrants.

Underlying Stock refers to the Shares (or Other Securities) issuable under this Warrant Agreement pursuant to the exercise, in whole or in part, of the Representatives' Warrants. The purchase and sale of the Representatives' Warrants shall take place, and the purchase price therefor shall be paid by delivery of your check, simultaneously with the purchase of and payment for any Shares as provided in the Underwriting Agreement between the Company and you, dated the date hereof.

Underlying Stock means the class and series of equity interests issuable or issued upon the exercise of the Warrants from time to time, being Ordinary Shares as of the Issuance Date.

Underlying Stock shall have the meaning set forth in the Warrant Agreement.

Underlying Stock means the stock subject to being purchased upon the exercise of a call option.

Underlying Stock means each of the common stock of Lowe’s Companies, Inc., the common stock of Intel Corporation, the common stock of Delta Air Lines, Inc. and the common stock of JPMorgan Chase & Co.

Underlying Stock means a share of the Company’s Common Stock issued with respect to an Award.