Examples of Equivalent Number in a sentence
Visa can make adjustments to the Class A Common Equivalent Number from time to time to recover Covered Losses, which include reasonable costs and expenses (including reasonable attorney fees and costs) arising out of, or resulting from, any Covered Claims.
In no event shall the Conversion Adjustment be greater than the then applicable Class A Common Equivalent Number.
It is possible that the total aggregate amount of Covered Losses could exceed the value of the Class A Common Stock issuable upon complete conversion of the Preferred Stock, in which case the Class A Common Equivalent Number of each series of Preferred Stock could eventually be reduced to zero and the Preferred Stock would be redeemed by Visa for nominal value.
Whenever the Class A Common Equivalent Number is adjusted (including pursuant to Section 3, Section 8 and Section 10 hereof), the Corporation shall (i) promptly make a public announcement to notify Holders of such adjustment(s) and of the resulting Class A Common Equivalent Number, and (ii) promptly provide notice to such Holders of such adjustment and of the resulting Class A Common Equivalent Number.
No. There will not be a process for holders of the Preferred Stock to challenge reductions inthe applicable Class A Common Equivalent Number.