Common use of Adjustment Deferral Clause in Contracts

Adjustment Deferral. If an adjustment to the Exchange Rate otherwise required by this Article 5 would result in a change of less than one percent (1%) to the Exchange Rate, then, notwithstanding anything to the contrary in this Article 5, the Company may, at its election, defer and carry forward such adjustment, except that all such deferred adjustments must be given effect immediately upon the earliest of the following: (i) when all such deferred adjustments would, had they not been so deferred and carried forward, result in a change of at least one percent (1%) to the Exchange Rate; (ii) the Exchange Date of, or any VWAP Trading Day of an Observation Period for, any Note; (iii) the date a Fundamental Change or Make-Whole Fundamental Change occurs; and (iv) December 15, 2026.

Appears in 1 contract

Samples: Indenture (Rexford Industrial Realty, Inc.)

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Adjustment Deferral. If an adjustment to the Exchange Conversion Rate otherwise required by this Article 5 would result in a change of less than one percent (1%) to the Exchange Conversion Rate, then, notwithstanding anything to the contrary in this Article 5, the Company may, at its election, defer and carry forward such adjustment, except that all such deferred adjustments must be given effect immediately upon the earliest of the following: (i) when all such deferred adjustments would, had they not been so deferred and carried forward, result in a change of at least one percent (1%) to the Exchange Conversion Rate; (ii) the Exchange Conversion Date of, or any VWAP Trading Day of an Observation Period for, any Note; (iii) the date a Fundamental Change or Make-Whole Fundamental Change occurs; and (iv) December 15the date the Company calls any Notes for Redemption; and (v) January 3, 20262028.

Appears in 1 contract

Samples: Indenture (Freshpet, Inc.)

Adjustment Deferral. If an adjustment to the Exchange Conversion Rate otherwise required by this Article 5 would result in a change of less than one percent (1%) to the Exchange Conversion Rate, then, notwithstanding anything to the contrary in this Article 5, the Company may, at its election, defer and carry forward such adjustment, except that all such deferred adjustments must be given effect immediately upon the earliest of the following: (i) when all such deferred adjustments would, had they not been so deferred and carried forward, result in a change of at least one percent (1%) to the Exchange Conversion Rate; (ii) the Exchange Conversion Date of, or any VWAP Trading Day of an Observation Period for, any Note; (iii) the date a Fundamental Change or Make-Whole Fundamental Change occurs; and (iv) December the date the Company calls any Notes for Redemption; and (v) November 15, 20262028.

Appears in 1 contract

Samples: Indenture (Collegium Pharmaceutical, Inc)

Adjustment Deferral. If an adjustment to the Exchange Conversion Rate otherwise required by this Article 5 would result in a change of less than one percent (1%) to the Exchange Conversion Rate, then, notwithstanding anything to the contrary in this Article 5, the Company may, at its election, defer and carry forward such adjustment, except that all such deferred adjustments must be given effect immediately upon the earliest of the following: (i) when all such deferred adjustments would, had they not been so deferred and carried forward, result in a change of at least one percent (1%) to the Exchange Conversion Rate; (ii) the Exchange Conversion Date of, or any VWAP Trading Day of an Observation Period for, any Note; (iii) the date a Fundamental Change or Make-Whole Fundamental Change occurs; and (iv) December 15the date the Company calls any Notes for Redemption; and (v) January 2, 20262029.

Appears in 1 contract

Samples: Indenture (Mirum Pharmaceuticals, Inc.)

Adjustment Deferral. If an adjustment to the Exchange Rate otherwise required by this Article 5 would result in a change of less than one percent (1%) to the Exchange Rate, then, notwithstanding anything to the contrary in this Article 5, the Company may, at its election, defer and carry forward such adjustment, except that all such deferred adjustments must be given effect immediately upon the earliest of the following: (i) when all such deferred adjustments would, had they not been so deferred and carried forward, result in a change of at least one percent (1%) to the Exchange Rate; (ii) the Exchange Date of, or any VWAP Trading Day of an Observation Period for, any Note; (iii) the date a Fundamental Change or Make-Whole Fundamental Change occurs; (iv) the date the Company calls any Notes for Redemption; and (ivv) December 15, 20262028.

Appears in 1 contract

Samples: Indenture (Rexford Industrial Realty, Inc.)

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Adjustment Deferral. If an adjustment to the Exchange Rate otherwise required by this Article 5 would result in a change of less than one percent (1%) to the Exchange Rate, then, notwithstanding anything to the contrary in this Article 5, the Company may, at its election, defer and carry forward such adjustment, except that all such deferred adjustments must be given effect immediately upon the earliest of the following: (i) when all such deferred adjustments would, had they not been so deferred and carried forward, result in a change of at least one percent (1%) to the Exchange Rate; (ii) the Exchange Date of, or any VWAP Trading Day of an Observation Period for, any Note; (iii) the date a Fundamental Change or Make-Whole Fundamental Change occurs; and (iv) December 15the date the Company calls any Notes for Redemption; and (v) March 1, 20262029.

Appears in 1 contract

Samples: Indenture (SB/RH Holdings, LLC)

Adjustment Deferral. If an adjustment to the Exchange Conversion Rate otherwise required by this Article 5 would result in a change of less than one percent (1%) to the Exchange Conversion Rate, then, notwithstanding anything to the contrary in this Article 5, the Company may, at its election, defer and carry forward such adjustment, except that all such deferred adjustments must be given effect immediately upon the earliest of the following: (i) when all such deferred adjustments would, had they not been so deferred and carried forward, result in a change of at least one percent (1%) to the Exchange Conversion Rate; (ii) the Exchange Conversion Date of, or any VWAP Trading Day of an Observation Period for, any Note; (iii) the date a Fundamental Change or Make-Whole Fundamental Change occurs; and (iv) December 15the date the Company calls any Notes for Redemption; and (v) November 1, 20262028.

Appears in 1 contract

Samples: Conversion Notice (Rocket Lab USA, Inc.)

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