Underlying Number definition
Examples of Underlying Number in a sentence
Such certificate shall also contain a brief statement of the facts requiring such adjustment and the computation by which such adjustment was made, or, if applicable, the facts requiring the creation of such Distributed Entity Component and the computation of such Underlying Number.
The Rights Agent shall not at any time be under any duty or responsibility to any Holder to determine whether any facts exist that may require any adjustment or the creation of any Distributed Entity Component hereunder, or with respect to the nature or extent of any such adjustment when made or of any such Distributed Entity Component when created, or with respect to the method employed in making such adjustment or calculating the Underlying Number of such Distributed Entity Component.
Irrespective of any adjustments in the number of Rights represented by each Certificate or the creation of any Distributed Entity Component or any adjustments to the Underlying Number thereof, Certificates theretofore or thereafter issued may continue to express solely the number of Rights as are stated in the Certificates initially issuable pursuant to this Agreement.
Such adjustment to the Underlying Number shall be made successively whenever any event listed above shall occur.
To the extent the Reference Price (as defined below) exceeds the Floor Price for such Forward, we will receive such excess (capped at the Cap Price) multiplied by the Underlying Number of Shares at maturity of such Forward, as adjusted (if applicable) for the amount reflecting the agreed prepayment percentage ratio for such Forward.
We will receive a prepayment of the Forward in an amount equal to the Floor Price multiplied by the Underlying Number of Shares, subject to adjustment for, among other factors, the prepayment percentage ratio agreed for such Forward shortly following completion of the Initial Hedging Period for such Forward.
Irrespective of any adjustments in ------------------------- the number of Rights represented by each Certificate or the creation of any Distributed Entity Component or any adjustments to the Underlying Number thereof, Certificates theretofore or thereafter issued may continue to express solely the number of Rights as are stated in the Certificates initially issuable pursuant to this Agreement.
We will be obligated to settle the Forward physically by delivery of the Underlying Number of Shares on the maturity date for such Forward, subject to acceleration of the scheduled maturity date at its election by the Forward Counterparty or other adjustment of such date in certain circumstances in accordance with the terms of the Forward.
If the number of the shares of our Class A common stock underlying a Forward is reduced upon completion of the applicable Initial Hedging Period, as described above, the number of the Hedging Shares subject to the Share Pledge Arrangement will be reduced accordingly to equal the Underlying Number of Shares.
Irrespective of any ------------------------- adjustments in the number of Rights represented by each Certifi cate or the creation of any Distributed Entity Component or any adjustments to the Underlying Number thereof, Certificates theretofore or thereafter issued may continue to express solely the number of Rights as are stated in the Certificates initially issuable pursuant to this Agreement.