Common use of When Adjustment May Be Deferred Clause in Contracts

When Adjustment May Be Deferred. No adjustment in the Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% (e.g., if the Conversion Rate is 4, an increase or decrease of .04 (1% of 4)) in the Conversion Rate. Any adjustments that are not made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article Fifteen shall be made to the nearest cent or to the nearest 1/1,000th of a share, as the case may be, with one-half of a cent and 5/10,000ths of a share being rounded upwards.

Appears in 3 contracts

Samples: Supplemental Indenture (Pride International Inc), Supplemental Indenture (Pride International Inc), Pride International Inc

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When Adjustment May Be Deferred. No adjustment in the Conversion Rate need Ratio shall be made required unless the adjustment would require an increase or decrease of at least 1% (e.g., if the Conversion Rate Ratio is 4, an increase or decrease of .04 (1% of 4)) in the Conversion RateRatio. Any adjustments that are not made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article Fifteen 18 shall be made to the nearest cent or to the nearest 1/1,000th 1/100th of a share, as the case may be, with one-half of a cent and 5/10,000ths 5/1,000ths of a share being rounded upwards.

Appears in 3 contracts

Samples: Limited Waiver (Elan Corp PLC), Indenture (Elan Corp PLC), Funding Agreement (Elan Corp PLC)

When Adjustment May Be Deferred. No adjustment in the Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% (e.g.E.G., if the Conversion Rate is 4, an increase or decrease of .04 (1% of 4)) in the Conversion Rate. Any adjustments that are not made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article Fifteen 10 shall be made to the nearest cent or to the nearest 1/1,000th of a share, as the case may be, with one-half of a cent and 5/10,000ths of a share being rounded upwards.

Appears in 3 contracts

Samples: Multiverse Acquisition Corp, Talk Radio Network Inc, Costco Companies Inc

When Adjustment May Be Deferred. No adjustment in the Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% (e.g.E.G., if the Conversion Rate is 4, an increase or decrease of .04 (1% of 4)) in the Conversion Rate. Any adjustments that are not made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article Fifteen shall be made to the nearest cent or to the nearest 1/1,000th of a share, as the case may be, with one-half of a cent and 5/10,000ths of a share being rounded upwards.

Appears in 2 contracts

Samples: Pride International Inc, Pride International Inc

When Adjustment May Be Deferred. No adjustment in the ------------------------------- Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% (e.g., if the Conversion Rate is 4, an increase or --- decrease of .04 (1% of 4)) in the Conversion Rate. Any adjustments that are not made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article Fifteen XI shall be made to the nearest cent or to the nearest 1/1,000th of a share, as the case may be, with one-half of a cent and 5/10,000ths of a share being rounded upwards.

Appears in 1 contract

Samples: Indenture (Times Mirror Co /New/)

When Adjustment May Be Deferred. No adjustment in the -------------------------------- Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% (e.g., if the Conversion Rate is 4, an increase or ---- decrease of .04 (1% of 4)) in the Conversion Rate. Any adjustments that are not made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article Fifteen X shall be made to the nearest cent or to the nearest 1/1,000th of a share, as the case may be, with one-half of a cent and 5/10,000ths of a share being rounded upwards.

Appears in 1 contract

Samples: Xerox Corp

When Adjustment May Be Deferred. No adjustment in the ------------------------------- Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% (e.g., if the Conversion Rate is 4, an increase or --- decrease of .04 (1% of 4)) in the Conversion Rate. Any adjustments that are not made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article Fifteen 11 shall be made to the nearest cent or to the nearest 1/1,000th l/l,000th of a share, as the case may be, with one-half of a cent and 5/10,000ths of a share being rounded upwards.

Appears in 1 contract

Samples: Merrill Lynch Preferred Capital Trust V

When Adjustment May Be Deferred. No adjustment in the ------------------------------- Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% (e.g., if the Conversion Rate is 4, an increase or --- decrease of .04 (1% of 4)) in the Conversion Rate. Any adjustments that are not made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article Fifteen 10 shall be made to the nearest cent or to the nearest 1/1,000th l/l,000th of a share, as the case may be, with one-half of a cent and 5/10,000ths of a share being rounded upwards.

Appears in 1 contract

Samples: Merrill Lynch Preferred Funding Vi L P

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When Adjustment May Be Deferred. No adjustment in the ------------------------------- Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% (e.g., if the Conversion Rate is 4, an increase or --- decrease of .04 (1% of 4)) in the Conversion Rate. Any adjustments that are not made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article Fifteen X shall be made to the nearest cent or to the nearest 1/1,000th of a share, as the case may be, with one-half of a cent and 5/10,000ths of a share being rounded upwards.

Appears in 1 contract

Samples: Indenture (Hewlett Packard Co)

When Adjustment May Be Deferred. No adjustment in the Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% (e.g., if the Conversion Rate is 4, an increase or decrease of .04 (1% of 4)) in the Conversion Rate. Any adjustments that are not made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article Fifteen XI shall be made to the nearest cent or to the nearest 1/1,000th of a share, as the case may be, with one-half of a cent and 5/10,000ths of a share being rounded upwards.

Appears in 1 contract

Samples: Brightpoint Inc

When Adjustment May Be Deferred. No adjustment in the Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% (e.g., if the Conversion Rate is 4, an increase or decrease of .04 (1% of 4)) in the Conversion Rate. Any adjustments that are not made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article Fifteen 10 shall be made to the nearest cent or to the nearest 1/1,000th l/l,000th of a share, as the case may be, with one-half of a cent and 5/10,000ths of a share being rounded upwards.

Appears in 1 contract

Samples: Indenture (Stmicroelectronics Nv)

When Adjustment May Be Deferred. No adjustment in the Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% (e.g., if the Conversion Rate is 4, an increase or decrease of .04 (1% of 4)) in the Conversion Rate. Any adjustments that are not made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Article Fifteen Twelve shall be made to the nearest cent or to the nearest 1/1,000th of a share, as the case may be, with one-half of a cent and 5/10,000ths of a share being rounded upwards.

Appears in 1 contract

Samples: Supplemental Indenture (Time Warner Companies Inc)

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