il riparto funziona come ISP con garanzia del lotto minimo???
In the circumstances described in this Tender Offer Memorandum in which Securities of a Series validly tendered pursuant to an Offer are to be accepted on a pro rata basis, each such tender will be scaled by a factor (a "Scaling Factor") equal to (i) the relevant Series Acceptance Amount less the aggregate principal amount outstanding of the Securities of such Series that have been validly tendered and accepted for purchase and are not subject to acceptance on a pro rata basis, if applicable, divided by (ii) the aggregate principal amount outstanding of the Securities of such Series that have been validly tendered and are subject to acceptance on a pro rata basis. Each tender of Securities that is scaled in this manner will be rounded down to the nearest Minimum Denomination for the Securities of the relevant Series (or where applicable, an integral multiple amount thereof).
In the event of any such scaling, the Offeror will only accept tenders of Securities subject to scaling to the extent such scaling will not result in the relevant Holder of Securities transferring Securities to the Offeror in an aggregate principal amount outstanding of less than the Minimum Denomination of the relevant Series.