Common use of General; Failure of Dilution Event to Occur Clause in Contracts

General; Failure of Dilution Event to Occur. All Dilution Adjustments shall be rounded upward or downward to the nearest 1/10,000th (or if there is not a nearest 1/10,000th to the next higher 1/10,000th). No adjustment in the Exchange Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein; provided, however, that any adjustments which by reason of this sentence are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If any announcement or declaration of a record date in respect of a dividend, distribution or issuance requiring an adjustment pursuant to this Section 6.1 shall subsequently be canceled by the Company, or such dividend, distribution or issuance shall fail to receive requisite approvals or shall fail to occur for any other reason, then, upon such cancellation, failure of approval or failure to occur, the Exchange Rate shall be readjusted to the Exchange Rate which would then have been in effect had adjustment for such event not been made. If an Adjustment Event shall occur after the occurrence of one or more events requiring an adjustment pursuant to this Section 6.1, the Dilution Adjustments previously applied to the Exchange Rate in respect of such events shall not be rescinded but shall be applied to the new Exchange Rate provided for under Section 6.2.

Appears in 6 contracts

Samples: Purchase Agreement (Decs Trust), Forward Contract Agreement (At&t Corp), Forward Purchase Agreement (Decs Trust Iv)

AutoNDA by SimpleDocs

General; Failure of Dilution Event to Occur. All Dilution Adjustments shall be rounded upward or downward to the nearest 1/10,000th (or if there is not a nearest 1/10,000th to the next higher lower 1/10,000th). No adjustment in the Exchange Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein; provided, however, that any adjustments which by reason of this sentence are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If any announcement or declaration of a record date in respect of a dividend, distribution distribution, issuance or issuance repurchase requiring an adjustment pursuant to this Section 6.1 403 shall subsequently be canceled by the CompanyDesignated Issuer, or such dividend, distribution distribution, issuance or issuance repurchase shall fail to receive requisite approvals or shall fail to occur for any other reason, then, upon such cancellation, failure of approval or failure to occur, the Exchange Rate shall be readjusted further adjusted to the Exchange Rate which would then have been in effect had adjustment for such event not been made. If an Adjustment a Reorganization Event shall occur after the occurrence of one or more events requiring an adjustment pursuant to this Section 6.1403, the Dilution Adjustments previously applied to the Exchange Rate in respect of such events shall not be rescinded but shall be applied to the new Exchange Rate provided for under Section 6.2Sections 404 and 405.

Appears in 5 contracts

Samples: Targets Trusts Vi, Targets Trusts Vi, Targets Trusts Vi

General; Failure of Dilution Event to Occur. All Dilution Adjustments shall be rounded upward or downward to the nearest 1/10,000th (or or, if there is not a nearest 1/10,000th 1/10,000th, to the next higher lower 1/10,000th). No adjustment in the Exchange Rate shall be required unless such adjustment would require an increase or decrease of at least one percent thereinin the Exchange Rate; provided, however, that any adjustments which that by reason of this sentence are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If any announcement or declaration of a record date in respect of a dividend, distribution distribution, issuance or issuance repurchase requiring an adjustment pursuant to this Section 6.1 shall subsequently be canceled by the Company, or such dividend, distribution or issuance shall fail to receive requisite approvals Company or shall fail to occur for any other reason, then, upon such cancellation, failure of approval cancellation or failure to occur, the Exchange Rate shall be readjusted further adjusted to the Exchange Rate which that would then have been in effect had adjustment for such event not been made. If, after an announcement of a share repurchase requiring an adjustment pursuant to this Section 6.1, the Company reduces the repurchase price or repurchases fewer shares than announced, then upon completion of such share repurchase the Exchange Rate shall be further adjusted to equal the Exchange Rate that would have been in effect had the adjustment for such repurchase been based on the actual price and amount repurchased. If an Adjustment a Reorganization Event shall occur after the occurrence of one or more events requiring an adjustment pursuant to this Section 6.1, the Dilution Adjustments previously applied to the Exchange Rate in respect of such events shall not be rescinded but shall be applied to the new Exchange Rate provided for under Section 6.2.

Appears in 4 contracts

Samples: Purchase Agreement (Ameritrade Automatic Common Exchange Security Tr), Purchase Agreement (Eleventh Automatic Common Exchange Security Trust), Purchase Agreement (Tenth Automatic Common Exchange Security Trust)

General; Failure of Dilution Event to Occur. All Dilution Adjustments shall be rounded upward or downward to the nearest 1/10,000th (or if there is not a nearest 1/10,000th 1/10,000th, to the next higher lower 1/10,000th). No adjustment in the Exchange Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein; provided, however, that any adjustments which by reason of this sentence are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If any announcement or declaration of a record date in respect of a dividend, distribution distribution, issuance or issuance repurchase requiring an adjustment pursuant to this Section 6.1 shall subsequently be canceled cancelled by the Company, or such dividend, distribution distribution, issuance or issuance repurchase shall fail to receive requisite approvals or shall fail to occur for any other reason, then, upon such cancellation, failure of approval or failure to occur, the Exchange Rate shall be readjusted further adjusted to the Exchange Rate which would then have been in effect had adjustment for such event not been made. If after an Adjustment announcement of a share repurchase requiring an adjustment pursuant to this Section 6.1, the Company reduces the repurchase price or repurchases fewer shares than announced, then upon completion of such share repurchase the Exchange Rate shall be further adjusted to equal the Exchange Rate that would have been in effect had the adjustment for such repurchase been based on the actual price and amount repurchased. If a Reorganization Event shall occur after the occurrence of one or more events requiring an adjustment pursuant to this Section 6.1, the Dilution Adjustments previously applied to the Exchange Rate in respect of such events shall not be rescinded but shall be applied to the new Exchange Rate provided for under Section 6.2.

Appears in 3 contracts

Samples: Purchase Agreement (CVS Automatic Common Exchange Security Trust), Purchase Agreement (Estee Lauder Automatic Common Exchange Security Trust), Purchase Agreement (Fourth Automatic Common Exchange Security Trust)

General; Failure of Dilution Event to Occur. All Dilution Adjustments shall be rounded upward or downward to the nearest 1/10,000th (or or, if there is not a nearest 1/10,000th 1/10,000th, to the next higher lower 1/10,000th). No adjustment in the Exchange Rate shall be required unless such adjustment would require an increase or decrease of at least one percent thereinin the Exchange Rate; provided, however, that any adjustments which that by reason of this sentence are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If any announcement or declaration of a record date in respect of a dividend, distribution distribution, issuance or issuance repurchase requiring an adjustment pursuant to this Section 6.1 shall subsequently be canceled by the Company, or such dividend, distribution or issuance shall fail to receive requisite approvals Company or shall fail to occur for any other reason, then, upon such cancellation, failure of approval cancellation or failure to occur, the Exchange Rate shall be readjusted further adjusted to the Exchange Rate which that would then have been in effect had adjustment for such event not been made. If, after an announcement of a stock repurchase requiring an adjustment pursuant to this Section 6.1, the Company reduces the repurchase price or repurchases fewer shares than announced, then upon completion of such stock repurchase the Exchange Rate shall be further adjusted to equal the Exchange Rate that would have been in effect had the adjustment for such repurchase been based on the actual price and amount repurchased. If an Adjustment a Reorganization Event shall occur after the occurrence of one or more events requiring an adjustment pursuant to this Section 6.1, the Dilution Adjustments previously applied to the Exchange Rate in respect of such events shall not be rescinded but shall be applied to the new Exchange Rate provided for under Section 6.2.

Appears in 2 contracts

Samples: Purchase Agreement (Ameritrade Automatic Common Exchange Security Tr), Purchase Agreement (Ameritrade Automatic Common Exchange Security Tr)

General; Failure of Dilution Event to Occur. All Dilution Adjustments shall be rounded upward or downward to the nearest 1/10,000th (or if there is not a nearest 1/10,000th to the next higher lower 1/10,000th). No adjustment in the Exchange Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein; provided, however, that any adjustments which by reason of this sentence are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If any announcement or declaration of a record date in respect of a dividend, distribution distribution, issuance or issuance repurchase requiring an adjustment pursuant to this Section 6.1 shall subsequently be canceled cancelled by the Company, or such dividend, distribution distribution, issuance or issuance repurchase shall fail to receive requisite approvals or shall fail to occur for any other reason, then, upon such cancellation, failure of approval or failure to occur, the Exchange Rate shall be readjusted further adjusted to the Exchange Rate which would then have been in effect had adjustment for such event not been made. If after an Adjustment announcement of a share repurchase requiring an adjustment pursuant to this Section 6.1, the Company reduces the repurchase price or repurchases fewer shares than announced, then upon completion of such share repurchase the Exchange Rate shall be further adjusted to equal the Exchange Rate that would have been in effect had the adjustment for such repurchase been based on the actual price and amount repurchased. If a Reorganization Event shall occur after the occurrence of one or more events requiring an adjustment pursuant to this Section 6.1, the Dilution Adjustments previously applied to the Exchange Rate in respect of such events shall not be rescinded but shall be applied to the new Exchange Rate provided for under Section 6.2.

Appears in 1 contract

Samples: Purchase Agreement (Third Automatic Common Exchange Security Trust)

General; Failure of Dilution Event to Occur. All Dilution Adjustments shall be rounded upward or downward to the nearest 1/10,000th (or if there is not a nearest 1/10,000th to the next higher lower 1/10,000th). No adjustment in the Exchange Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein; provided, however, that any adjustments which by reason of this sentence are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If any announcement or declaration of a record date in respect of a dividend, distribution distribution, issuance or issuance repurchase requiring an adjustment pursuant to this Section 6.1 shall subsequently be canceled cancelled by -12- 13 the Company, or such dividend, distribution distribution, issuance or issuance repurchase shall fail to receive requisite approvals or shall fail to occur for any other reason, then, upon such cancellation, failure of approval or failure to occur, the Exchange Rate shall be readjusted further adjusted to the Exchange Rate which would then have been in effect had adjustment for such event not been made. If an Adjustment a Reorganization Event shall occur after the occurrence of one or more events requiring an adjustment pursuant to this Section 6.1, the Dilution Adjustments previously applied to the Exchange Rate in respect of such events shall not be rescinded but shall be applied to the new Exchange Rate provided for under Section 6.2.

Appears in 1 contract

Samples: Purchase Agreement (Second Automatic Common Exchange Security Trust)

General; Failure of Dilution Event to Occur. All Dilution Adjustments shall be rounded upward or downward to the nearest 1/10,000th (or if there is not a nearest 1/10,000th to the next higher 1/10,000th). No adjustment in the Exchange Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein; providedPROVIDED, howeverHOWEVER, that any adjustments which by reason of this sentence are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If any announcement or declaration of a record date in respect of a dividend, distribution or issuance requiring an adjustment pursuant to this Section 6.1 shall subsequently be canceled by the Company, or such dividend, distribution or issuance shall fail to receive requisite approvals or shall fail to occur for any other reason, then, upon such cancellation, failure of approval or failure to occur, the Exchange Rate shall be readjusted to the Exchange Rate which would then have been in effect had adjustment for such event not been made. If an Adjustment Event shall occur after the occurrence of one or more events requiring an adjustment pursuant to this Section 6.1, the Dilution Adjustments previously applied to the Exchange Rate in respect of such events shall not be rescinded but shall be applied to the new Exchange Rate provided for under Section 6.2.

Appears in 1 contract

Samples: Forward Purchase Agreement (Decs Trust Ix)

General; Failure of Dilution Event to Occur. All Dilution Adjustments shall be rounded upward or downward to the nearest 1/10,000th (or if there is not a nearest 1/10,000th 1/10,000th, to the next higher 1/10,000th). No adjustment in the Exchange Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein; provided, however, that any adjustments which by reason of this sentence are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If any announcement or declaration of a record date in respect of a dividend, distribution or issuance requiring an adjustment pursuant to this Section 6.1 shall subsequently be canceled by the Company, or such dividend, distribution or issuance shall fail to receive requisite approvals or shall fail to occur for any other reason, then, upon such cancellation, failure of approval or failure to occur, the Exchange Rate shall be readjusted to the Exchange Rate which would then have been in effect had adjustment for such event not been made. If an Adjustment Event shall occur after the occurrence of one or more events requiring an adjustment pursuant to this Section 6.1, the Dilution Adjustments previously applied to the Exchange Rate in respect of such events shall not be rescinded but shall be applied to the new Exchange Rate provided for under Section 6.2.

Appears in 1 contract

Samples: Forward Purchase Agreement (Decs Trust Ii)

General; Failure of Dilution Event to Occur. All Dilution Adjustments shall be rounded upward or downward to the nearest 1/10,000th (or if there is not a nearest 1/10,000th to the next higher lower 1/10,000th). No adjustment in the Exchange Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein; provided, however, that any adjustments which by reason of this sentence are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If any announcement or declaration of a record date in respect of a dividend, distribution distribution, issuance or issuance repurchase requiring an adjustment pursuant to this Section 6.1 shall subsequently be canceled cancelled by the Company, or such dividend, distribution distribution, issuance or issuance repurchase shall fail to receive requisite approvals or shall fail to occur for any other reason, then, upon such cancellation, failure of approval or failure to occur, the Exchange Rate shall be readjusted to the Exchange Rate which would then have been in effect had adjustment for such event not been made. If an Adjustment Event shall occur after the occurrence of one or more events requiring an adjustment pursuant to this Section 6.1, the Dilution Adjustments previously applied to the Exchange Rate in respect of such events shall not be rescinded but shall be applied to the new Exchange Rate provided for under Section 6.2.

Appears in 1 contract

Samples: Form of Purchase Agreement (Peak Trends Trust)

AutoNDA by SimpleDocs

General; Failure of Dilution Event to Occur. All Dilution Adjustments shall be rounded upward or downward to the nearest 1/10,000th (or if there is not a nearest 1/10,000th to the next higher lower 1/10,000th). No adjustment in the Exchange Rate Ratio shall be required unless such adjustment would require an increase or decrease of at least one percent therein; provided, however, that any adjustments which by reason of this sentence are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If any announcement or declaration of a record date in respect of a dividend, distribution distribution, issuance or issuance repurchase requiring an adjustment pursuant to this Section 6.1 shall subsequently be canceled cancelled by the Company, or such dividend, distribution distribution, issuance or issuance repurchase shall fail to receive requisite approvals or shall fail to occur for any other reason, then, upon such cancellation, failure of approval or failure to occur, the Exchange Rate Ratio shall be readjusted to the Exchange Rate Ratio which would then have been in effect had adjustment for such event not been made. If an Adjustment a Reorganization Event shall occur after the occurrence of one or more events requiring an adjustment pursuant to this Section 6.1, the Dilution Adjustments previously applied to the Exchange Rate Ratio in respect of such events shall not be rescinded but shall be applied to the new Exchange Rate Ratio provided for under Section 6.2.

Appears in 1 contract

Samples: Preliminary Draft (Amway Japan LTD)

General; Failure of Dilution Event to Occur. All Dilution Adjustments shall be rounded upward or downward to the nearest 1/10,000th (or if there is not a nearest 1/10,000th to the next higher lower 1/10,000th). No adjustment in the Exchange Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein; provided, however, that any adjustments which by reason of this sentence are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If any announcement or declaration of a record date in respect of a dividend, distribution distribution, issuance or issuance repurchase requiring an adjustment pursuant to this Section 6.1 shall subsequently be canceled cancelled by the Company, or such dividend, distribution distribution, issuance or issuance repurchase shall fail to receive requisite approvals or shall fail to occur for any other reason, then, upon such cancellation, failure of approval or failure to occur, the Exchange Rate shall be readjusted further adjusted to the Exchange Rate which would then have been in effect had adjustment for such event not been made. If an Adjustment a Reorganization Event shall occur after the occurrence of one or more events requiring an adjustment pursuant to this Section 6.1, the Dilution Adjustments previously applied to the Exchange Rate in respect of such events shall not be rescinded but shall be applied to the new Exchange Rate provided for under Section 6.2.

Appears in 1 contract

Samples: Purchase Agreement (Automatic Common Exchange Security Trust Ii)

General; Failure of Dilution Event to Occur. All Dilution ------------------------------------------- Adjustments shall be rounded upward or downward to the nearest 1/10,000th (or if there is not a nearest 1/10,000th to the next higher 1/10,000th). No adjustment in the Exchange Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein; provided, however, that any adjustments which by reason of this sentence are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If any announcement or declaration of a record date in respect of a dividend, distribution or issuance requiring an adjustment pursuant to this Section 6.1 shall subsequently be canceled by the Company, or such dividend, distribution or issuance shall fail to receive requisite approvals or shall fail to occur for any other reason, then, upon such cancellation, failure of approval or failure to occur, the Exchange Rate shall be readjusted to the Exchange Rate which would then have been in effect had adjustment for such event not been made. If an Adjustment Event shall occur after the occurrence of one or more events requiring an adjustment pursuant to this Section 6.1, the Dilution Adjustments previously applied to the Exchange Rate in respect of such events shall not be rescinded but shall be applied to the new Exchange Rate provided for under Section 6.2.

Appears in 1 contract

Samples: Forward Purchase Agreement (Decs Trust V)

General; Failure of Dilution Event to Occur. All Dilution Adjustments shall be rounded upward or downward to the nearest 1/10,000th (or if there is not a nearest 1/10,000th to the next higher lower 1/10,000th). No adjustment in the Exchange Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein; provided, however, that any adjustments which by reason of this sentence are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If any announcement or declaration of a record date in respect of a dividend, distribution distribution, issuance or issuance repurchase requiring an adjustment pursuant to this Section 6.1 shall subsequently be canceled cancelled by the Company, or such dividend, distribution distribution, issuance or issuance repurchase shall fail to receive requisite approvals or shall fail to occur for any other reason, then, upon such cancellation, failure of approval or failure to occur, the Exchange Rate shall be readjusted to the Exchange Rate which would then have been in effect had adjustment for such event not been made. If an Adjustment a Reorganization Event shall occur after the occurrence of one or more events requiring an adjustment pursuant to this Section 6.1, the Dilution Adjustments previously applied to the Exchange Rate in respect of such events shall not be rescinded but shall be applied to the new Exchange Rate provided for under Section 6.2.

Appears in 1 contract

Samples: Purchase Agreement (Mandatory Common Exchange Trust)

General; Failure of Dilution Event to Occur. All Dilution Adjustments shall be rounded upward or downward to the nearest 1/10,000th (or if there is not a nearest 1/10,000th 1/10,000th, to the next higher lower 1/10,000th). No adjustment in the Exchange Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein; provided, however, that any adjustments which by reason of this sentence are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If any announcement or declaration of a record date in respect of a dividend, distribution distribution, issuance or issuance repurchase requiring an adjustment pursuant to this Section 6.1 shall subsequently be canceled by the Company, or such dividend, distribution distribution, issuance or issuance repurchase shall fail to receive requisite approvals or shall fail to occur for any other reason, then, upon such cancellation, failure of approval or failure to occur, the Exchange Rate shall be readjusted further adjusted to the Exchange Rate which would then have been in effect had adjustment for such event not been made. If after an Adjustment announcement of a share repurchase requiring an adjustment pursuant to this Section 6.1, the Company reduces the repurchase price or repurchases fewer shares than announced, then upon completion of such share repurchase the Exchange Rate shall be further adjusted to equal the Exchange Rate that would have been in effect had the adjustment for such repurchase been based on the actual price and amount repurchased. If a Reorganization Event shall occur after the occurrence of one or more events requiring an adjustment pursuant to this Section 6.1, the Dilution Adjustments previously applied to the Exchange Rate in respect of such events shall not be rescinded but shall be applied to the new Exchange Rate provided for under Section 6.2.

Appears in 1 contract

Samples: Purchase Agreement (Estee Lauder Automatic Common Exchange Security Trust Ii)

Time is Money Join Law Insider Premium to draft better contracts faster.