Fractional Entitlement definition

Fractional Entitlement means an amount of securities or cash remaining following the calculation of whole entitlement based on the terms of a Corporate Action.

Fractional Entitlement means, in respect of an Instrument, the fraction of the Deliverable Assets existing prior to the rounding down to the nearest whole number resulting from the calculation of the Deliverable Assets, rounded to the nearest four decimal places, with 0.00005 rounded upwards (or such other number of decimal places as specified in the relevant Pricing Supplement), as determined by the Calculation Agent, unless otherwise specified in the relevant Pricing Supplement;

Fractional Entitlement means the fraction of the Deliverable Assets existing prior to rounding down to the nearest whole number resulting from the calculation of the Deliverable Assets, rounded to the nearest four decimal places, with 0.00005 rounded upwards, as determined by the Calculation Agent, being if the Worst Performing Share is:

Examples of Fractional Entitlement in a sentence

• Fractional EntitlementsThe Issuer of an Eligible Instrument determines whether an amount known as a " Fractional Entitlement" is payable to a Buying Member as a result of a Corporate Action.

• If a Buying Member issues a claim for a 'Fractional Entitlement' more than one month after the Issuer determines that such entitlements are payable, such claim will be treated as invalid by the Clearing House.

• If the Clearing House has Open Transactions that are subject to a Fractional Entitlement then, depending on local market practice, that Fractional Entitlement will be managed by the Clearing House, the relevant ASP or the Clearing House's Settlement Agent.

• Where the Fractional Entitlement is not dealt with by the ASP or the Clearing House's Settlement Agent the Clearing House will accept a claim from a Buying Member, and pass on the claim to the relevant Selling Member.

• The Note(s) will then be redeemed by delivery of the remaining Deliverable Property in respect of such Note(s) after deduction of such Delivery Expenses and, if applicable, payment of a cash amount in respect of any Fractional Entitlement and/or other amount arising upon redemption of such Note(s).

• The proceeds of the Fractional Entitlement of the Account Holders and Sub-Account Holders as provided in the Unpaid Right Entitlement List shall be disbursed by us in due course in the manner prescribed under the provisions of the relevant corporate laws & article of association.

• In such circumstances, the Participating Asset that were not capable of being delivered shall, if and to the extent practicable, be sold by their custodian(s) and, if they are so sold, each Series Noteholder shall receive an amount in cash equal to such Sub-Series Noteholder’s pro rata share of the sale proceeds (such an amount, the "Fractional Entitlement").

• Dealing with Fractional Entitlement: Manner of dealing with fractional entitlement viz.

• Where a Sub-Series Noteholder holds Notes in an aggregate nominal amount greater than the minimum Specified Denomination, the nominal amount of the Deliverable Property to be delivered in respect of such Notes shall be aggregated for the purposes of this Condition 9.11.3 (Fractional Entitlement).

• The Note(s) will then be redeemed by delivery of the remaining Deliverable Property in respect of such Note(s) after deduction of such Delivery Expenses and, if applicable, payment of a cash amount in respect of any Fractional Entitlement (as defined in Condition 9.11.2 ( Illegality or Impossibility)) and/or other amount arising upon redemption of such Note(s).

More Definitions of Fractional Entitlement

Fractional Entitlement means an entitlement to a fraction of a Topco Ordinary Share.

Fractional Entitlement means, in respect of an Instrument, the fraction of the Deliverable Assets existing prior to the rounding down to the nearest whole number resulting from the

Fractional Entitlement means an entitlement to a fraction of an Irish Holdco Ordinary Share.

Fractional Entitlement shall have the meaning given by background (A);

Fractional Entitlement means, in respect of each Certificate (of the Nominal Amount), the fraction of the Deliverable Assets existing prior to rounding down to the nearest four decimal places, with 0.00005 rounded upwards, as determined by the Calculation Agent, being, if the Worst Performing Share is:

Fractional Entitlement means, in respect of each Note (of the Specified Denomination), the fraction of the Deliverable Assets existing prior to rounding down to the nearest whole number resulting from the calculation of the Deliverable Assets, rounded to the nearest four decimal places, with 0.00005 rounded upwards, as determined by the Calculation Agent, being, if the Worst Performing Share on the Final Valuation Date is: