Adjustments to the Conversion Rate Clause Samples
Adjustments to the Conversion Rate. (A) Events Requiring an Adjustment to the Conversion Rate. The Conversion Rate will be adjusted from time to time as follows:
Adjustments to the Conversion Rate. The Conversion Rate shall be adjusted from time to time by the Company as described in this Section 12.05, except that the Company shall not make any adjustments to the Conversion Rate for any Holder that participates (as a result of holding the Notes, and at the same time as the holders of Common Units participate) in any of the transactions described below as if such Holder held, for each $1,000 principal amount of Notes held, a number of Common Units equal to the Conversion Rate, without having to convert its Notes.
Adjustments to the Conversion Rate. The Conversion Rate will be adjusted from time to time as follows:
Adjustments to the Conversion Rate. The applicable Conversion Rate shall be adjusted by the Company as follows:
(a) If the Company issues shares of Common Stock as a dividend or distribution on shares of the Common Stock, or effects a share split or share combination, the Conversion Rate will be adjusted based on the following formula: CR1 = CR0 x (OS1/OS0) where, CR0 = the Conversion Rate in effect immediately prior to the Ex-Dividend Date for such dividend or distribution, or the effective date of such share split or share combination, as the case may be; CR1 = the new Conversion Rate in effect immediately after the Ex-Dividend Date for such dividend or distribution, or the effective date of such share split or share combination, as the case may be; OS0 = the number of shares of Common Stock outstanding immediately prior to the Ex-Dividend Date for such dividend or distribution, or the effective date of such share split or share combination, as the case may be; OS1 = the number of shares of Common Stock outstanding immediately after such dividend or distribution, or the effective date of such share split or share combination, as the case may be. Such adjustment shall become effective on the date that is immediately after (i) the Ex-Dividend Date for such dividend or distribution, or (ii) the date on which such split or combination becomes effective, as applicable. If any dividend or distribution of the type described in this Section 12.02(a) is declared but not so paid or made, the new Conversion Rate shall again be adjusted to the Conversion Rate that would then be in effect if such dividend or distribution had not been declared.
(b) If the Company distributes to all holders of its Common Stock any rights, warrants, options or other securities entitling them to purchase, for a period of not more than forty five (45) days after the Ex-Dividend Date for the distribution, shares of Common Stock at a price per share less than the average of the Last Reported Sale Prices of the Common Stock for the ten (10) consecutive Trading Day period ending on the Trading Day immediately preceding the Ex-Dividend Date for such distribution, the Conversion Rate will be adjusted based on the following formula: CR1 = CR0 x ((OS0 + X) / (OS0 + Y)) where, CR0 = the Conversion Rate in effect immediately prior to the Ex-Dividend Date for such distribution; CR1 = the new Conversion Rate in effect immediately after the Ex-Dividend Date for such distribution; OS0 = the number of shares of Common Stock outstanding im...
Adjustments to the Conversion Rate. (A) Events Requiring an Adjustment to the Conversion Rate. The Conversion Rate will be adjusted from time to time by the Company (without duplication) for the events set forth below as follows:
Adjustments to the Conversion Rate. The Conversion Rate for the applicable Notes will be adjusted from time to time as follows:
Adjustments to the Conversion Rate. The Conversion Rate shall be adjusted from time to time as follows:
(a) If the Company issues shares of Common Stock as a dividend or distribution on shares of Common Stock, or if the Company effects a share split or share combination of the Common Stock, then the Conversion Rate will be adjusted based on the following formula: where, CR1 = the Conversion Rate in effect immediately prior to the open of business on the Ex-Date for such dividend or distribution or the effective date of such share split or combination, as the case may be; CR0 = the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding such Ex-Date or effective date, as applicable; OS0 = the number of shares of Common Stock outstanding at 5:00 p.m., New York City time, on the Trading Day immediately preceding such Ex-Date or effective date, as applicable; and OS1 = the number of shares of Common Stock that would be outstanding immediately after, and solely as a result of, such dividend, distribution, share split or share combination.
(b) Subject to Section 12.03(i), if the Company distributes to all or substantially all holders of Common Stock any rights or warrants entitling them to purchase, for a period of sixty (60) calendar days following the record date for such distribution, shares of Common Stock at a price per share less than the average Closing Sale Price per share of Common Stock for the ten (10) Trading Days immediately preceding the declaration date for such distribution, then the Conversion Rate will be increased based on the following formula; where, CR1 = the Conversion Rate in effect immediately prior to the open of business on the Ex-Date for such distribution; CR0 = the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding such Ex-Date; OS0 = the number of shares of Common Stock outstanding at 5:00 p.m., New York City time, on the Trading Day immediately preceding such Ex-Date;
Adjustments to the Conversion Rate. The Conversion Rate shall be adjusted from time to time by the Company as described in this Section 2.05, except that the Company shall not make any adjustments to the Conversion Rate for any Holder that participates (as a result of holding the Series 2024A Notes, and at the same time and upon the same terms as the holders of Common Stock participate) in any of the transactions described below as if such Holder held, for each $1,000 principal amount of Series 2024A Notes held, a number of shares of Common Stock equal to the Conversion Rate, without having to convert its Series 2024A Notes.
Adjustments to the Conversion Rate. (a) The Conversion Rate shall be subject to adjustment (the “Anti-dilution Adjustment”) in the circumstances described below:
Adjustments to the Conversion Rate. (A) On the Reset Date, the Conversion Rate will be reset to the Reset Conversion Rate.
