Common use of Simultaneous Adjustments Clause in Contracts

Simultaneous Adjustments. (a) For purposes of Section 10.08, Section 10.06(a) and Section 10.07, any dividend or distribution to which Section 10.08 is applicable that also includes shares of Common Stock, or rights, options or warrants to subscribe for or purchase shares of Common Stock (or both), shall be deemed instead to be (1) a dividend or distribution of the debt securities, assets or shares of Capital Stock other than such shares of Common Stock or rights (and any Conversion Rate adjustment required by Section 10.08 with respect to such dividend or distribution shall then be made) immediately followed by (2) a dividend or distribution of such shares of Common Stock or such rights (and any further Conversion Rate adjustment required by Section 10.06(a) and Section 10.07 with respect to such dividend or distribution shall then be made), except any shares of Common Stock included in such dividend or distribution shall not be deemed “outstanding at the close of business on the Business Day immediately preceding such Ex-Dividend Date” within the meaning of Section 10.06(a).

Appears in 6 contracts

Samples: Indenture (Symantec Corp), Indenture (Symantec Corp), Registration Rights Agreement (Power One Inc)

AutoNDA by SimpleDocs

Simultaneous Adjustments. (a) For purposes of Section 10.0810.07(a), Section 10.06(a10.07(b) and Section 10.0710.07(c), any dividend or distribution to which Section 10.08 10.07(c) is applicable that also includes shares of Common Stock, or rights, options or warrants to subscribe for or purchase shares of Common Stock (or both), shall be deemed instead to be (1) a dividend or distribution of the debt securities, assets or shares of Capital Stock other than such shares of Common Stock or rights (and any Conversion Rate adjustment required by Section 10.08 10.07(c) with respect to such dividend or distribution shall then be made) immediately followed by (2) a dividend or distribution of such shares of Common Stock or such rights (and any further Conversion Rate adjustment required by Section 10.06(a10.07(a) and Section 10.07 10.07(b) with respect to such dividend or distribution shall then be made), except any shares of Common Stock included in such dividend or distribution shall not be deemed “outstanding at the close Close of business Business on the Business Day immediately preceding such Ex-Dividend Date” within the meaning of Section 10.06(a10.07(a).

Appears in 5 contracts

Samples: Indenture (Micron Technology Inc), Indenture (Micron Technology Inc), Indenture (Micron Technology Inc)

Simultaneous Adjustments. (a) For purposes of Section 10.08, Section 10.06(a) 10.06 and Section 10.07, any dividend or distribution to which Section 10.08 is applicable that also includes shares of Common Stock, or rights, options or warrants to subscribe for or purchase shares of Common Stock (or both), shall be deemed instead to be (1) a dividend or distribution of the debt securities, assets or shares of Capital Stock other than such shares of Common Stock or rights (and any Conversion Rate adjustment required by Section 10.08 with respect to such dividend or distribution shall then be made) immediately followed by (2) a dividend or distribution of such shares of Common Stock or such rights (and any further Conversion Rate adjustment required by Section 10.06(a) 10.06 and Section 10.07 with respect to such dividend or distribution shall then be made), except any shares of Common Stock included in such dividend or distribution shall not be deemed “outstanding at the close Close of business Business on the Business Day immediately preceding such Ex-Dividend Date” within the meaning of Section 10.06(a)10.06.

Appears in 3 contracts

Samples: Indenture (Millennium Pharmaceuticals Inc), Indenture (SAVVIS, Inc.), Indenture (SAVVIS, Inc.)

Simultaneous Adjustments. (a) For purposes of Section 10.08Sections 10.07(a), Section 10.06(a10.07(b) and Section 10.0710.07(c), any dividend or distribution to which Section 10.08 10.07(c) is applicable that also includes shares of Common Stock, or rights, options or warrants to subscribe for or purchase shares of Common Stock (or both), shall be deemed instead to be (1) a dividend or distribution of the debt securities, assets or shares of Capital Stock other than such shares of Common Stock or rights (and any Conversion Rate adjustment required by Section 10.08 10.07(c) with respect to such dividend or distribution shall then be made) immediately followed by (2) a dividend or distribution of such shares of Common Stock or such rights (and any further Conversion Rate adjustment required by Section 10.06(aSections 10.07(a) and Section 10.07 10.07(b) with respect to such dividend or distribution shall then be made), except any shares of Common Stock included in such dividend or distribution shall not be deemed “outstanding at the close Close of business Business on the Business Day immediately preceding such Ex-Dividend Date” within the meaning of Section 10.06(a10.07(a).

Appears in 2 contracts

Samples: Indenture (Micron Technology Inc), Indenture (Micron Technology Inc)

AutoNDA by SimpleDocs

Simultaneous Adjustments. (a) For purposes of Section 10.08, Section 10.06(a) 10.06 and Section 10.07, any dividend or distribution to which Section 10.08 is applicable that also includes shares of Common Stock, or rights, options or warrants to subscribe for or purchase shares of Common Stock (or both), shall be deemed instead to be (1) a dividend or distribution of the debt securities, assets or shares of Capital Stock other than such shares of Common Stock or rights (and any Conversion Rate adjustment required by Section 10.08 with respect to such dividend or distribution shall then be made) immediately followed by (2) a dividend or distribution of such shares of Common Stock or such rights (and any further Conversion Rate adjustment required by Section 10.06(a) 10.06 and Section 10.07 with respect to such dividend or distribution shall then be made), except any shares of Common Stock included in such dividend or distribution shall not be deemed "outstanding at the close Close of business Business on the Business Day immediately preceding such Ex-Dividend Date" within the meaning of Section 10.06(a)10.06.

Appears in 1 contract

Samples: Millennium Pharmaceuticals Inc

Simultaneous Adjustments. (a) For purposes of Section 10.08, Section 10.06(a) 10.06 and Section 10.07, any dividend or distribution to which Section 10.08 is applicable that also includes shares of Common Stock, or rights, options or warrants to subscribe for or purchase shares of Common Stock (or both), shall be deemed instead to be (1) a dividend or distribution of the debt securities, assets or shares of Capital Stock other than such shares of Common Stock or rights (and any Conversion Rate adjustment required by Section 10.08 with respect to such dividend or distribution shall then be made) immediately followed by (2) a dividend or distribution of such shares of Common Stock or such rights (and any further Conversion Rate adjustment required by Section 10.06(a) 10.06 and Section 10.07 with respect to such dividend or distribution shall then be made), except any shares of Common Stock included in such dividend or distribution shall not be deemed “outstanding at the close Close of business Business on the Business Day immediately preceding such Ex-Dividend Date” within the meaning of Section 10.06(a)10.06.

Appears in 1 contract

Samples: Technitrol Inc

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