Common use of Additional Adjustment Clause in Contracts

Additional Adjustment. If, in Party A’s sole judgment, the actual cost to Party A directly or indirectly paid to any third party lender of Shares, over any one month period, for borrowing a number of Shares equal to the Base Amount to hedge its exposure to the Transaction exceeds a weighted average rate equal to 50 basis points per annum, the Calculation Agent shall reduce the Forward Price in order to compensate Party A for the amount by which such cost exceeded a weighted average rate equal to 50 basis points per annum during such period. The Calculation Agent shall notify Party B prior to making any such adjustment to the Forward Price and, upon the request of Party B, Party A shall provide an itemized list of its stock loan costs for the applicable one month period. Account Details: Payments to Party B: To be advised under separate cover or telephone confirmed prior to each Settlement Date. Delivery of Shares to Party A: To be advised.

Appears in 3 contracts

Samples: Confirmation (American Capital Strategies LTD), Confirmation (American Capital Strategies LTD), Confirmation (American Capital Strategies LTD)

AutoNDA by SimpleDocs

Additional Adjustment. If, in Party A’s sole judgment, the actual cost to Party A directly or indirectly paid to any third party lender of Shares, over any one month period, for of borrowing a number of Shares equal to the Base Amount to hedge its exposure to the Transaction exceeds a weighted average rate equal to 50 35 basis points per annum, the Calculation Agent shall reduce the Forward Price in order to compensate Party A for the amount by which such cost exceeded a weighted average rate equal to 50 35 basis points per annum during such period. The Calculation Agent shall notify Party B prior to making any such adjustment to the Forward Price and, upon the request of Party B, Party A shall provide an itemized list of its stock loan costs for the applicable one month period. Account Details: Payments to Party B: To be advised under separate cover or telephone confirmed prior to each Settlement Date. Delivery of Shares to Party A: To be advised.

Appears in 1 contract

Samples: Confirmation (American Capital Strategies LTD)

Additional Adjustment. If, in Party A’s 's sole judgment, the actual cost to Party A directly or indirectly paid to any third party lender of Shares, over any one month period, for of borrowing a number of Shares equal to the Base Amount to hedge its exposure to the Transaction exceeds a weighted average rate equal to 50 35 basis points per annum, the Calculation Agent shall reduce the Forward Price in order to compensate Party A for the amount by which such cost exceeded a weighted average rate equal to 50 35 basis points per annum during such period. The Calculation Agent shall notify Party B prior to making any such adjustment to the Forward Price and, upon the request of Party B, Party A shall provide an itemized list of its stock loan costs for the applicable one month period. Account Details: Payments to Party B: To be advised under separate cover or telephone confirmed prior to each Settlement Date. Delivery of Shares to Party A: To be advised.

Appears in 1 contract

Samples: Confirmation (American Capital Strategies LTD)

Additional Adjustment. If, in Party A’s sole judgment, the actual cost to Party A directly or indirectly paid to any third party lender of Shares, over any one month period, for of borrowing a number of Shares equal to the Base Amount to hedge its exposure to the Transaction exceeds a weighted average rate equal to 50 35 basis points per annum, the Calculation Agent shall reduce the Forward Price in order to compensate Party A for the amount by which such cost exceeded a weighted average rate equal to 50 35 basis points per annum during such period. The Calculation Agent shall notify Party B prior to making any such adjustment to the Forward Price and, upon the request of Party B, Party A shall provide an itemized list of its stock loan costs for the applicable one month period. Account Details: Payments to Party B: To be advised under separate cover or telephone confirmed prior to each Settlement Date. Delivery of Shares to Party A: To be advised.

Appears in 1 contract

Samples: Confirmation (American Capital Strategies LTD)

Additional Adjustment. If, in Party A’s sole judgment, the actual cost to Party A directly or indirectly paid to any third third-party lender of Shares, over any one month period, for of borrowing a number of Shares equal to the Base Amount to hedge its exposure to the Transaction exceeds exceeded a weighted average rate equal to 50 ___ basis points per annum, the Calculation Agent shall reduce the Forward Price in order to compensate Party A for the amount by which such cost exceeded a weighted average rate equal to 50 ___ basis points per annum during such period. The Calculation Agent shall notify Party B prior to making any such adjustment to the Forward Price and, upon the request of Party B, Party A shall provide an itemized list of its stock loan costs for the applicable one month period. Account Details: Payments to Party B: To be advised under separate cover or telephone confirmed prior to each Settlement Date. Delivery of Shares to Party A: To be advised.

Appears in 1 contract

Samples: Underwriting Agreement (American Capital Strategies LTD)

Additional Adjustment. If, in Party A’s 's sole judgment, the actual cost to Party A directly or indirectly paid to any third party lender of Shares, over any one month period, for of borrowing a number of Shares equal to the Base Amount to hedge its exposure to the Transaction exceeds exceeded a weighted average rate equal to 50 basis points per annum, the Calculation Agent shall reduce the Forward Price in order to compensate Party A for the amount by which such cost exceeded a weighted average rate equal to 50 basis points per annum during such period. The Calculation Agent shall notify Party B prior to making any such adjustment to the Forward Price and, upon the request of Party B, Party A shall provide an itemized list of its stock loan costs for the applicable one month period. Account Details: Payments to Party B: To be advised under separate cover or telephone confirmed prior to each Settlement Date. Delivery of Shares to Party A: To be advised.

Appears in 1 contract

Samples: Underwriting Agreement (American Capital Strategies LTD)

AutoNDA by SimpleDocs

Additional Adjustment. If, in Party A’s sole judgment, the actual cost to Party A directly or indirectly paid to any third third-party lender of Shares, over any one month period, for of borrowing a number of Shares equal to the Base Amount to hedge its exposure to the Transaction exceeds exceeded a weighted average rate equal to 50 basis points per annum, the Calculation Agent shall reduce the Forward Price in order to compensate Party A for the amount by which such cost exceeded a weighted average rate equal to 50 basis points per annum during such period. The Calculation Agent shall notify Party B prior to making any such adjustment to the Forward Price and, upon the request of Party B, Party A shall provide an itemized list of its stock loan costs for the applicable one month period. Account Details: Payments to Party B: To be advised under separate cover or telephone confirmed prior to each Settlement Date. Delivery of Shares to Party A: To be advised.

Appears in 1 contract

Samples: Underwriting Agreement (American Capital, LTD)

Additional Adjustment. If, in Party A’s sole judgment, the actual cost to Party A directly or indirectly paid to any third party lender of Shares, over any one month period, for of borrowing a number of Shares equal to the Base Amount to hedge its exposure to the Transaction exceeds exceeded a weighted average rate equal to 50 ___ basis points per annum, the Calculation Agent shall reduce the Forward Price in order to compensate Party A for the amount by which such cost exceeded a weighted average rate equal to 50 ___ basis points per annum during such period. The Calculation Agent shall notify Party B prior to making any such adjustment to the Forward Price and, upon the request of Party B, Party A shall provide an itemized list of its stock loan costs for the applicable one month period. Account Details: Payments to Party B: To be advised under separate cover or telephone confirmed prior to each Settlement Date. Delivery of Shares to Party A: To be advised.

Appears in 1 contract

Samples: Underwriting Agreement (American Capital Strategies LTD)

Additional Adjustment. If, in Party A’s 's sole judgment, the actual cost to Party A directly or indirectly paid to any third party lender of Shares, over any one month period, for of borrowing a number of Shares equal to the Base Amount to hedge its exposure to the Transaction exceeds exceeded a weighted average rate equal to 50 ___ basis points per annum, the Calculation Agent shall reduce the Forward Price in order to compensate Party A for the amount by which such cost exceeded a weighted average rate equal to 50 ___ basis points per annum during such period. The Calculation Agent shall notify Party B prior to making any such adjustment to the Forward Price and, upon the request of Party B, Party A shall provide an itemized list of its stock loan costs for the applicable one month period. Account Details: Payments to Party B: To be advised under separate cover or telephone confirmed prior to each Settlement Date. Delivery of Shares to Party A: To be advised.

Appears in 1 contract

Samples: Underwriting Agreement (American Capital Strategies LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!