Common use of Adjustment of Exchange Rate Clause in Contracts

Adjustment of Exchange Rate. The Exchange Rate will be adjusted as described in this Section 4.04, except that the Company shall not make any adjustment to the Exchange Rate if Holders participate (other than in the case of a share split or share combination), at the same time and upon the same terms as holders of the Common Shares and as a result of holding the Securities, in any of the transactions described below without having to exchange their Securities, as if they held a number of Common Shares equal to the applicable Exchange Rate, multiplied by the principal amount (expressed in thousands) of Securities held by such Holder.

Appears in 3 contracts

Samples: Supplemental Indenture (PennyMac Mortgage Investment Trust), First Supplemental Indenture (PennyMac Mortgage Investment Trust), PennyMac Mortgage Investment Trust

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Adjustment of Exchange Rate. The Exchange Rate will be adjusted as described in this Section 4.0415.05, except that the Company Issuer shall not make any adjustment to the Exchange Rate if Holders participate (other than in the case of a share split or share combination), at the same time and upon the same terms as holders of the Common Shares Stock and as a result of holding the SecuritiesNotes, in any of the transactions described below without having to exchange their SecuritiesNotes, as if they held a number of shares of Common Shares Stock equal to the applicable Exchange Rate, multiplied by the principal amount (expressed in thousands) of Securities Notes held by such Holder.

Appears in 1 contract

Samples: Indenture (Invesco Mortgage Capital Inc.)

Adjustment of Exchange Rate. The Exchange Rate will be adjusted as described in this Section 4.0414.04, except that the Company shall not make any adjustment to the Exchange Rate if Holders participate (other than in the case of a share split or share combination), at the same time and upon the same terms as holders of the Common Shares Stock and as a result of holding the SecuritiesNotes, in any of the transactions described below without having to exchange their SecuritiesNotes, as if they held a number of shares of Common Shares Stock equal to the applicable Exchange Rate, multiplied by the principal amount (expressed in thousands) of Securities Notes held by such HolderXxxxxx.

Appears in 1 contract

Samples: Welltower OP LLC

Adjustment of Exchange Rate. The Exchange Rate will be adjusted as described in this Section 4.04, except that the Company shall not make any no adjustment to the Exchange Rate will be made for a given transaction if Holders of the Notes will participate (other than in that transaction, without exchange of the case of a share split or share combination)Notes, on the same terms and at the same time and upon the same terms as holders of the Common Shares and as a result holder of holding the Securities, in any of the transactions described below without having to exchange their Securities, as if they held a number of shares of Common Shares Stock equal to the applicable Exchange Rate, multiplied by the principal amount of a Holder’s Notes (expressed in thousands) of Securities held multiplied by such Holderthe Exchange Rate would participate.

Appears in 1 contract

Samples: Sunedison, Inc.

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Adjustment of Exchange Rate. The Exchange Rate will be adjusted as described in this Section 4.0414.04, except that the Company shall not make any adjustment to the Exchange Rate if Holders participate (other than in the case of a share split or share combination), at the same time and upon the same terms as holders of the Common Shares and as a result of holding the SecuritiesNotes, in any of the transactions described below without having to exchange their SecuritiesNotes, as if they held a number of Common Shares equal to the applicable Exchange Rate, multiplied by the principal amount (expressed in thousands) of Securities Notes held by such HolderXxxxxx.

Appears in 1 contract

Samples: Federal Realty OP LP

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