PAYMENT OF THE CONVERSION PRICE Sample Clauses

PAYMENT OF THE CONVERSION PRICE. (a) The Surviving Partnership shall deliver, in immediately available funds and in Units (hereinafter defined), to Wolf, Block, Schorr and Solis- Cohen (the "Disbursing Agent") the Reserve Amount.
PAYMENT OF THE CONVERSION PRICE. (a) At Closing, the Reserve Amount shall be delivered to the escrow offices of the Title Company (the "DISBURSING AGENT"), in accordance with the Escrow Agreement.

Related to PAYMENT OF THE CONVERSION PRICE

Adjustment of Conversion Price The Conversion Price shall be subject to adjustment from time to time as follows:
Conversion Price Adjustments The conversion price shall be subject to adjustment (without duplication) from time to time as follows:
Adjustments to Conversion Price The Conversion Price shall be subject to adjustment from time to time as follows:
Notice of Adjustments of Conversion Price Whenever the conversion price is adjusted as herein provided:
Conversion Privilege and Conversion Price Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which is $1,000 or an integral multiple of $1,000 may be converted at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock of the Company, at the conversion price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall commence at the opening of business on the date provided for with respect to such Securities and expire at the close of business on the date provided for with respect to such Securities. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or portion so called shall expire at the close of business on the Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion is herein referred to as the "conversion price". The conversion price shall be adjusted in certain instances as provided in Section 1405.
Adjustment to Conversion Price Whenever the Conversion Price is adjusted pursuant to any provision of this Section 5, the Company shall promptly deliver to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment.
No Adjustment of Conversion Price No adjustment in the Conversion Price of a particular series of Preferred Stock shall be made in respect of the issuance of Additional Shares of Common unless the consideration per share (as determined pursuant to paragraph 4(d)(v)) for an Additional Share of Common issued or deemed to be issued by the Corporation is less than the Conversion Price in effect on the date of, and immediately prior to such issue, for such series of Preferred Stock.
Notice of Adjustments of Conversion Rate Whenever the Conversion Rate is adjusted as herein provided:
Adjustment of Conversion Rate The Conversion Rate shall be adjusted from time to time by the Company if any of the following events occurs, except that the Company shall not make any adjustments to the Conversion Rate if Holders of the Notes participate (other than in the case of (x) a share split or share combination or (y) a tender or exchange offer), at the same time and upon the same terms as holders of the Common Stock and solely as a result of holding the Notes, in any of the transactions described in this Section 14.04, without having to convert their Notes, as if they held a number of shares of Common Stock equal to the Conversion Rate, multiplied by the principal amount (expressed in thousands) of Notes held by such Holder.
Conversion Price The conversion price shall be as specified in the form of Note (herein called the "Conversion Price") attached as Exhibit A hereto, subject to adjustment as provided in this Article XV.