Adjustments to Conversion Rate. Notwithstanding anything in this Section 8 to the contrary, no change in the Conversion Rate shall be made until the cumulative effect of the adjustments called for by this Section 8 since the date of the last change in the Conversion Rate would change the Conversion Rate by more than 1%. However, once the cumulative effect would result in such a change, then the Conversion Rate shall be changed to reflect all adjustments called for by this Section 8 and not previously made. Subject to the foregoing, the Conversion Rate shall be adjusted from time to time as follows:
Appears in 2 contracts
Samples: Stock Purchase Agreement (Sparta Foods Inc), Exhibit a Stock Purchase Agreement (Harvest States Cooperatives)
Adjustments to Conversion Rate. Notwithstanding anything in ------------------------------ this Section 8 to the contrary, no change in the Conversion Rate shall be made until the cumulative effect of the adjustments called for by this Section 8 since the date of the last change in the Conversion Rate would change the Conversion Rate by more than 1%. However, once the cumulative effect would result in such a change, then the Conversion Rate shall be changed to reflect all adjustments called for by this Section 8 and not previously made. Subject to the foregoing, the Conversion Rate shall be adjusted from time to time as follows:
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (New Century Financial Corp), Preferred Stock Purchase Agreement (New Century Financial Corp)
