Common use of Adjustment to the Make-Whole Premium Clause in Contracts

Adjustment to the Make-Whole Premium. Whenever the Conversion Price shall be adjusted from time to time by the Company pursuant to Section 13.06, the Stock Price Threshold and the Stock Price Cap shall be adjusted, and each of the Stock Prices set forth in the Make-Whole Premium Table shall be adjusted, by multiplying each such amount by a fraction the numerator of which is the Conversion Price as so adjusted and the denominator of which is the Conversion Price immediately prior to such adjustment.

Appears in 4 contracts

Samples: Vector Group LTD, Vector Group LTD, Indenture (Vector Group LTD)

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