Examples of Make-Whole Adjustment Event in a sentence
Furthermore, for purposes of our opinions set forth in paragraph 4 above, we assume that the increase in the Conversion Rate (as defined in the Indenture) upon the occurrence of a Make-Whole Adjustment Event (as defined in the Indenture) pursuant to the provisions of the Indenture and any related provisions of the Debentures represents reasonable compensation for the lost option value of the Debentures as a result of the occurrence of a Make-Whole Adjustment Event.
A conversion of Notes shall be deemed to be “in connection with” a Make-Whole Adjustment Event if the notice of conversion of the Notes is received by the Conversion Agent from and including the Effective Date of the Make-Whole Adjustment Event transaction up to and including the date that is 35 days after such date.
The Company shall use its commercially reasonable efforts to give notice to Holders of the anticipated Effective Date for a Make-Whole Adjustment Event not less than 20 Scheduled Trading Days prior to the anticipated Effective Date.
The Company shall notify the Holders, the Trustee and the Conversion Agent of the anticipated Effective Date of any Make-Whole Adjustment Event and issue a press release as soon as practicable after the Company first determines the anticipated Effective Date of such Make-Whole Adjustment Event (and make the press release available on the Company’s website).
The Fundamental Change also constitutes a Make-Whole Adjustment Event (as defined in the Indenture, a “Make-Whole Adjustment Event”).