CVR Derivative Security definition
CVR Derivative Security means any security of the Company exercisable or convertible into Common Stock, the terms of which provide for an adjustment, in the event of any distribution like the CVR, by way of participation in such distribution, as is conclusively determined by the Board, and notified in writing to Rights Agent, at least three (3) Business Days prior to the Record Date.
CVR Derivative Security means any security of Parent exercisable or convertible into Common Stock, the terms of which provide for an adjustment as to the number and kind of such securities in the event of any reorganization, merger, consolidation, recapitalization, liquidation, reclassification, stock dividend, stock split, combination of shares, rights offering, divestiture or extraordinary dividend (including a spin-off) or any other similar change in the corporate structure or shares of Parent.
Examples of CVR Derivative Security in a sentence
For the avoidance of doubt, with respect to any CVR issued with respect to a CVR Derivative Security, the Holder of such CVR shall only be entitled to receive a pro rata share of CVR Payment Amounts paid with respect to CVR Payment Events occurring after the exercise or conversion of such CVR Derivative Security for or into Common Stock.