Adjustment for Rights, Options or Warrants Issue. If the Company shall, at any time or from time to time while the Notes are outstanding, distribute to all holders of Common Stock rights, options or warrants to purchase shares of Common Stock for a period expiring within 60 days after the record date for such distribution at less than the average of the Closing Prices of Common Stock for the five consecutive Trading Days immediately preceding the first public announcement of such distribution, then the Conversion Rate shall be increased so that the same shall equal the rate determined by multiplying the Conversion Rate in effect at the opening of business on the Ex-Date for such distribution by a fraction:
Appears in 4 contracts
Samples: Indenture (Millennium Pharmaceuticals Inc), Indenture (SAVVIS, Inc.), Indenture (SAVVIS, Inc.)
