Examples of Adjustment Event in a sentence
If the Underlying Security on which a CFD is quoted is subject to an Adjustment Event or possible Adjustment Event, FXTRADING.com will determine the adjustment, if any, that will be made to the Contract Value of that Underlying Security, the related quantity (or both) that would have placed the parties in substantially the same economic position they would have been in had the event not occurred.
A conversion of Notes shall be deemed for these purposes to be “in connection with” such Make Whole Adjustment Event if the relevant Notice of Conversion is received by the Conversion Agent during the related Make Whole Adjustment Event Period.
If any transaction in which the Common Stock is replaced by the securities of another entity occurs, following completion of any related Make Whole Adjustment Event Period (or, in the case of a transaction that would have been a Fundamental Change or a Make Whole Adjustment Event but for the immediately preceding paragraph, following the effective date of such transaction), references to the Company in this definition of Fundamental Change shall instead be references to such other entity.
The Company shall notify Holders and the Trustee (and Conversion Agent, if other than the Trustee) as promptly as practicable following the effective date of such Corporate Event but in no event later than one Business Day after the effective date of such Corporate Event (and, in the case of a Make Whole Adjustment Event, any increase in the Conversion Rate pursuant to Section 14.03).
The Company shall notify the Holders of Notes, the Trustee and the Conversion Agent of the anticipated Effective Date of any Make Whole Adjustment Event and issue a press release as soon as practicable after it first determines the anticipated Effective Date of such Make Whole Adjustment Event (and shall make the press release available on its website).