Fractional Entitlement definition
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 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
Examples of Fractional Entitlement in a sentence
In the case of ETF Linked Warrants where the Entitlement or aggregate Entitlements of the same Warrant Holder comprise a fraction of the relevant Underlying ETF Share (the “Fractional Entitlement”), the Calculation Agent shall determine the cash adjustment due to the relevant Warrant Holder upon Exercise of the relevant ETF Linked Warrant(s) by multiplying the Fractional Entitlement by the result of (x) the Closing Price on the Delivery Valuation Date (y) less the Exercise Price.
The Company shall bear the cost of any stamp duty payable on the transfer of the Fractional Entitlement Shares.
More Definitions of Fractional Entitlement
Fractional Entitlement means 0.9546, being 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.
Fractional Entitlement means a right under the Plan to receive an additional cash sum calculated in accordance with:
Fractional Entitlement means an entitlement to a fraction of a Topco Ordinary Share.
Fractional Entitlement means an entitlement to a fraction of an Irish Holdco Ordinary Share.
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:
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 a Security, the fraction of the Physical Delivery Unit existing prior to the rounding down to the nearest whole number.