Common use of Adjustment for Rights Issue Clause in Contracts

Adjustment for Rights Issue. If, after the Issue Date of the Securities, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) --------------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(4) applies or (ii) a distribution to which Section 10.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 applies) of the

Appears in 3 contracts

Samples: Omnicom Capital Inc, Omnicom Group Inc, Omnicom Group Inc

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Adjustment for Rights Issue. If, If after the Issue Date of ----------------------------------------- the Securities, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) --------------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 11.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(411.06(4) applies or (ii) a distribution to which Section 10.08 11.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 11.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 11.07 applies) of the

Appears in 2 contracts

Samples: Indenture (Lowes Companies Inc), Indenture (Lowes Companies Inc)

Adjustment for Rights Issue. If, If on or after the Issue Date of the SecuritiesNotes, the Company Issuer distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) --------------- ---------------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(410.04(a)(4) applies or (ii) a distribution to which Section 10.08 10.04(c) applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 10.04(b) applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 10.04(b) applies, the fair market value (on the record date for the distribution to which this Section 10.07 10.04(b) applies) of the

Appears in 2 contracts

Samples: Indenture (Xcel Energy Inc), Indenture (Xcel Energy Inc)

Adjustment for Rights Issue. If, If after the Issue Date of the Securities, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) --------------- ------------------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 11.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(411.06(4) applies or (ii) a distribution to which Section 10.08 11.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 11.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 11.07 applies) of the

Appears in 2 contracts

Samples: Indenture (SPX Corp), Indenture (CBRL Group Inc)

Adjustment for Rights Issue. If, 50 If after the Issue Date of the SecuritiesDate, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: (O + N) R' = R x ------------------ (O + N) --------------- (O + [(N x P)/M) )] where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 11.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(411.06(d) applies or (ii) a distribution to which Section 10.08 11.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 11.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 11.07 applies) of theof:

Appears in 1 contract

Samples: Indenture (Merrill Lynch & Co Inc)

Adjustment for Rights Issue. If, If after the Issue Date of the Securities, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: (O + N) R' = R x (O + N) --------------- (O + (N x P)/M) P)/M where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(4) applies or (ii) a distribution to which Section 10.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 applies) of the:

Appears in 1 contract

Samples: Indenture (Laboratory Corp of America Holdings)

Adjustment for Rights Issue. If, after If the Issue Date of the Securities, the Company Guarantor distributes any rights, warrants or options to all holders of its Common Stock (excluding dividends for which adjustment is made pursuant to Section 1206) entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: (O + N) R' = R x (O + N) --------------- (O + (N x P)/MP) M where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 1207 is being applied. N = the number of additional shares of Common Stock offered pursuant to the such distribution. P = the offering price per share of the such additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(41206(4) applies or (ii) a distribution to which Section 10.08 1208 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 1207 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 1207 applies, the fair market value (on the record date for the distribution to which this Section 10.07 1207 applies) of theof:

Appears in 1 contract

Samples: Supplemental Indenture (Time Warner Companies Inc)

Adjustment for Rights Issue. If, If after the Issue Date of the Securities, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) --------------- --------------------- (O + [(N x P)/M) )] where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 11.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering purchase price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(411.06(4) applies or (ii) a distribution to which Section 10.08 11.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 11.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 11.07 applies) of theof:

Appears in 1 contract

Samples: Indenture (Vishay Intertechnology Inc)

Adjustment for Rights Issue. If, If after the Issue Date of the Securities, the Company distributes any rights, warrants or options to all holders of its Class B Common Stock entitling them, for a period expiring within 60 45 days after the record date for such distribution, to purchase shares of Class B Common Stock at a price per share less than the Sale Market Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) --------------- ----------------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Class B Common Stock outstanding on the record date for the distribution to which this Section 10.07 11.07 is being applied. N = the number of additional shares of Class B Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Quoted Price, minus, in the case of (i) a distribution to which Section 10.06(411.06(4) applies or (ii) a distribution to which Section 10.08 11.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 11.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 11.07 applies) of the

Appears in 1 contract

Samples: Universal Health Services Inc

Adjustment for Rights Issue. If, If after the Issue Date of the Securities, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) --------------- ------------------------ (O + [(N x P)/M) )] where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 11.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(411.06(4) applies or (ii) a distribution to which Section 10.08 11.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 11.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 11.07 applies) of theof:

Appears in 1 contract

Samples: Indenture (Countrywide Home Loans Inc)

Adjustment for Rights Issue. If, If after the Issue Date of the Securities, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) --------------- (---------------- O + (N x P)/M) P)/M where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(4) applies or (ii) a distribution to which Section 10.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 applies) of the:

Appears in 1 contract

Samples: Indenture (Supervalu Inc)

Adjustment for Rights Issue. If, If after the Issue Date of the Securities, the Company distributes any rights, warrants or options to all holders of its Class A Common Stock entitling them, for a period expiring within 60 45 days after the record date for such distribution, to purchase shares of Class A Common Stock at a price per share less than the Sale Market Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N0+N) --------------- R'=Rx ------------ (O + (N x P)/M) 0+(NxP)/M where: R' = R'= the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Class A Common Stock outstanding on the record date for the distribution to which this Section 10.07 11.07 is being applied. N = the number of additional shares of Class A Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Quoted Price, minus, in the case of (i) a distribution to which Section 10.06(411.06(4) applies or (ii) a distribution to which Section 10.08 11.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 11.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 11.07 applies) of the

Appears in 1 contract

Samples: Health Management Associates Inc

Adjustment for Rights Issue. If, If after the Issue Date of the Securities, the Company distributes any rights, warrants or options to all holders of its shares of CD Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of CD Common Stock at a price per share less than the Average Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) --------------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of CD Common Stock outstanding on the record date for the distribution to which this Section 10.07 10.7 is being applied. N = the number of additional shares of CD Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(410.6(4) applies or (ii) a distribution to which Section 10.08 10.8 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 10.7 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 10.7 applies, the fair market value (on the record date for the distribution to which this Section 10.07 10.7 applies) of the

Appears in 1 contract

Samples: Indenture (Cendant Corp)

Adjustment for Rights Issue. If, If after the Issue Date of the Securities, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) --------------- (_______________ O + (N x P)/M) P)/M where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(4) applies or (ii) a distribution to which Section 10.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 applies) of the:

Appears in 1 contract

Samples: Indenture (Laboratory Corp of America Holdings)

Adjustment for Rights Issue. If, If after the Issue Date of the SecuritiesDate, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) --------------- ---------------------- (O + [(N x P)/M) )] where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 11.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(411.06(d) applies or (ii) a distribution to which Section 10.08 11.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 11.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 11.07 applies) of theof:

Appears in 1 contract

Samples: _______________________ Indenture (Merrill Lynch & Co Inc)

Adjustment for Rights Issue. If, If after the Issue Date of the Securities, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' ’ = R x (O + N) --------------- (O + (N x P)/M) where: R' ’ = the adjusted Conversion Rate. 50 R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 11.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(411.06(4) applies or (ii) a distribution to which Section 10.08 11.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 11.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 11.07 applies) of the

Appears in 1 contract

Samples: Indenture (CBRL Group Inc)

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Adjustment for Rights Issue. If, If after the Issue Date of the Securities, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: (O + N) R' = R x (O + N) --------------- -------------------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 11.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(411.06(4) applies or (ii) a distribution to which Section 10.08 11.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 11.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 11.07 applies) of the

Appears in 1 contract

Samples: Indenture (Franklin Resources Inc)

Adjustment for Rights Issue. If, If after the Issue Date of the Securities, the Company distributes any rights, warrants or options to all holders of its Class A Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Class A Common Stock at a price per share less than the Sale Quoted Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) --------------- R' = R X --------------------- (O + (N x P)/MX P) / M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Class A Common Stock outstanding on the record date for the distribution to which this Section 10.07 11.07 is being applied. N = the number of additional shares of Class A Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Quoted Price, minus, in the case of (i) a distribution to which Section 10.06(411.06(4) applies or (ii) a distribution to which Section 10.08 11.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 11.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 11.07 applies) of the

Appears in 1 contract

Samples: Indenture (Bergen Brunswig Corp)

Adjustment for Rights Issue. If, If after the Issue Date of the Securities, the Company distributes any rights, warrants or options to all holders of its shares of CD Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of CD Common Stock at a price per share less than the Average Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) --------------- ------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of CD Common Stock outstanding on the record date for the distribution to which this Section 10.07 10.7 is being applied. N = the number of additional shares of CD Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(410.6(4) applies or (ii) a distribution to which Section 10.08 10.8 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 10.7 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 10.7 applies, the fair market value (on the record date for the distribution to which this Section 10.07 10.7 applies) of the

Appears in 1 contract

Samples: Indenture (Cendant Corp)

Adjustment for Rights Issue. If, after the Issue Date of the SecuritiesDate, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock or securities convertible into Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' R/1/ = R x (O + N) --------------- ------------------- (O + (N x P)/M) where: R' R/1/ = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 1507 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the such additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(41506(4) applies or (ii) a distribution to which Section 10.08 1508 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 1507 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 1507 applies, the fair market value (on the record date for the distribution to which this Section 10.07 1507 applies) of the

Appears in 1 contract

Samples: Pride International Inc

Adjustment for Rights Issue. If, If after the Issue Date of ------------------------------------------ the Securities, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Sale Quoted Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) --------------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 11.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Quoted Price, minus, in the case of (i) a distribution to which Section 10.06(411.06(4) applies or (ii) a distribution to which Section 10.08 11.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 11.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 11.07 applies) of the

Appears in 1 contract

Samples: Danaher Corp /De/

Adjustment for Rights Issue. If, after the Issue Date of the Securities---------------------------- Date, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock or securities convertible into Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: (0 + N) ----------- R' = R x (O + N) --------------- (O 0 + (N x P)/MP) ------- M where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O 10 = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 13.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the such additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which ----- Section 10.06(413.06(4) applies or (ii) a distribution to which Section 10.08 13.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 13.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 13.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 13.07 applies) of theof:

Appears in 1 contract

Samples: Xerox Corp

Adjustment for Rights Issue. If, If after the Issue Date of the Securities, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such 63 distribution, to purchase shares of Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) --------------- ------------------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 11.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(411.06(4) applies or (ii) a distribution to which Section 10.08 11.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 11.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 11.07 applies) of the

Appears in 1 contract

Samples: TJX Companies Inc /De/

Adjustment for Rights Issue. If, If after the Issue Date of the Securities, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Sale Quoted Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) --------------- (O + (N x P)/M) where: R' = R'= the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 11.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Quoted Price, minus, in the case of (i) a distribution to which Section 10.06(411.06(4) applies or (ii) a distribution to which Section 10.08 11.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 11.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 11.07 applies) of the

Appears in 1 contract

Samples: Indenture (Anixter International Inc)

Adjustment for Rights Issue. If, If after the Issue Date ------------------------------------------ of the Securities, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) --------------- -------------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 11.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(411.06(4) applies or (ii) a distribution to which Section 10.08 11.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 11.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 11.07 applies) of the

Appears in 1 contract

Samples: Indenture (Marriott International Inc /Md/)

Adjustment for Rights Issue. If, If after the Issue Date of the Securities, the Company distributes any rights, warrants or options to all holders of its Common Stock entitling them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) --------------- ---------------------- (O + [(N x P)/M) )] where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 10.07 16.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering purchase price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 10.06(416.06(d) applies or (ii) a distribution to which Section 10.08 16.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 10.07 16.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 10.07 16.07 applies, the fair market value (on the record date for the distribution to which this Section 10.07 16.07 applies) of theof:

Appears in 1 contract

Samples: Xerox Corp

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