Common use of Voluntary Increase Clause in Contracts

Voluntary Increase. The Company from time to time may ------------------ increase the Conversion Rate by any amount and for any period of time (provided -------- that such period is not less than 20 Business Days). Whenever the Conversion Rate is increased, the Company shall mail to Securityholders and file with the Trustee and the Conversion Agent a notice of the increase. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Sections 10.06, 10.07 or 10.08.

Appears in 1 contract

Sources: Indenture (Hewlett Packard Co)

Voluntary Increase. The Company from time to time may ------------------ increase the Conversion Rate by any amount and for any period of time (provided -------- PROVIDED that such period is not less than 20 Business Days). Whenever the Conversion Rate is increased, the Company shall mail to Securityholders and file with the Trustee and the Conversion Agent a notice of the increase. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Sections 10.06, 10.07 or 10.08.

Appears in 1 contract

Sources: Indenture (Costco Companies Inc)

Voluntary Increase. The Company from time to time may ------------------ ------------------------------------ increase the Conversion Rate by any amount and at any time for any period of time (provided -------- that at least 20 days, so long as the increase is irrevocable during such period is not less than 20 Business Days)period. Whenever the Conversion Rate is increased, the Company shall mail to Securityholders and file with the Trustee and the Conversion Agent a notice of the increase. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Sections 10.06Section 10.6, 10.07 10.7 or 10.0810.8.

Appears in 1 contract

Sources: Indenture (Mirant Corp)

Voluntary Increase. The Company from time to time may ------------------ increase the Conversion Rate by any amount and for any period of time (provided provided, -------- that such period is not less than 20 Business Days). Whenever the Conversion Rate is increased, the Company shall mail to Securityholders and file with the Trustee and the Conversion Agent a notice of the increase. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Sections 10.0611.06, 10.07 11.07 or 10.0811.08.

Appears in 1 contract

Sources: Indenture (Times Mirror Co /New/)

Voluntary Increase. The Company from time to time may ------------------ increase the Conversion Rate by any amount and for any period of time (provided -------- that such period is not less than 20 Business Days)time. Whenever the Conversion Rate is increased, the Company shall mail to Securityholders and file with the Trustee and the Conversion Agent a notice of the increase, and the Conversion Agent will mail such notice to the Securityholders, at the Company's expense. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Sections 10.06Section 8.6, 10.07 8.7 or 10.088.8 of this Supplemental Indenture.

Appears in 1 contract

Sources: Supplemental Indenture (American Airlines Inc)

Voluntary Increase. The Company from time to time may ------------------ ------------------- increase the Conversion Rate by any amount and for any period of time (provided -------- that such period is not less than 20 Business Days). Whenever the Conversion Rate is increased, the Company shall mail to Securityholders Holders and file with the Trustee and the Conversion Agent a notice of the increase. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Sections 10.0613.06, 10.07 13.07 or 10.0813.08.

Appears in 1 contract

Sources: Indenture (Xerox Corp)

Voluntary Increase. The Company from time to time may ------------------ increase the Conversion Rate by any amount and for any period of time (provided provided, -------- that such period is shall be not less than 20 Business Days). Whenever the Conversion Rate is increased, the Company shall mail to Securityholders and file with the Trustee and the Conversion Agent a notice of the increase. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Sections 10.0611.06, 10.07 11.07 or 10.0811.08.

Appears in 1 contract

Sources: Indenture (Merrill Lynch Preferred Capital Trust V)

Voluntary Increase. The Company from time to time may ------------------ increase the Conversion Rate by any amount and for any period of time (provided -------- provided, that such period is shall be not less than 20 Business Days). Whenever the Conversion Rate is increased, the Company shall mail to Securityholders and file with the Trustee and the Conversion Agent a notice of the increase. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Sections 10.06, 10.07 or 10.08.

Appears in 1 contract

Sources: Indenture (Merrill Lynch Preferred Funding Vi L P)

Voluntary Increase. The Company from time to time may ------------------ increase the Conversion Rate by any amount and for any period of time (provided -------- time; PROVIDED that such period is not less than 20 Business Days). Whenever the Conversion Rate is increased, the Company shall mail to Securityholders Holders and file with the Trustee and the Conversion Agent a notice of the increase. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Sections 10.06Section 1506, 10.07 1507 or 10.081508.

Appears in 1 contract

Sources: First Supplemental Indenture (Pride International Inc)