Gross Number definition
Examples of Gross Number in a sentence
For the avoidance of doubt, where any adjustment to the Gross Number of units of Ordinary Stock results in something other than an integral number, such number shall not be rounded upwards or downwards for the purposes of these Terms and Conditions and shall be carried forward and included in any subsequent adjustment.
If and whenever (whether before or during the Exercise Period) the Bank shall pay or make any Capital Distributions to Stockholders, the Gross Number of units of Ordinary Stock shall be subject to adjustment in accordance with this Condition 16 of Part 2 of these Terms and Conditions.
For the avoidance of doubt, failure of a Warrantholder to deliver the applicable Warrant Certificate to the Warrant Registrar for replacement in accordance with this Condition 23 of Part 2 of these Terms and Conditions will not prejudice the rights of such Warrantholder to receive the adjusted Gross Number of units of Ordinary Stock on the exercise of the relevant Warrants.
If and whenever (whether before or during the Exercise Period) the Bank shall make any Bonus Issue, the Gross Number of units of Ordinary Stock shall be subject to adjustment in accordance with this Condition 17 of Part 2 of these Terms and Conditions.