Common use of Adjustment of Conversion Rate Clause in Contracts

Adjustment of Conversion Rate. The Company will adjust the Conversion Rate from time to time as described in this Section 8.05, except that the Company will not make an adjustment to the Conversion Rate if the Holder participates (other than in a share split or share combination), at the same time and upon the same terms as holders of the Common Stock, and solely as a result of holding this Note, in the relevant transaction described in this Section 8.05 without having to convert its Note and as if it held a number of shares of the Common Stock equal to the product of (i) the Conversion Rate in effect on the applicable record date, Effective Date or expiration date; and (ii) the aggregate principal amount of this Note (expressed in thousands) on such date.

Appears in 6 contracts

Samples: Note Purchase Agreement (Xtant Medical Holdings, Inc.), Note Purchase Agreement (Xtant Medical Holdings, Inc.), Note Purchase Agreement (Xtant Medical Holdings, Inc.)

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Adjustment of Conversion Rate. The Company will adjust the Conversion Rate from time to time as described in this Section 8.0510.05, except that the Company will not make an adjustment to the Conversion Rate if the each Holder participates (other than in a share split or share combination), at the same time and upon the same terms as holders of the Common Stock, and solely as a result of holding this Notethe Notes, in the relevant transaction described in this Section 8.05 10.05 without having to convert its Note Notes and as if it held a number of shares of the Common Stock equal to the product of (i) the Conversion Rate in effect on the applicable record date, Effective Date or expiration date; , and (ii) the aggregate principal amount of this Note Notes held by such Holder (expressed express in thousands) on such date, rounded up to the nearest whole number.

Appears in 5 contracts

Samples: First Supplemental Indenture (Par Technology Corp), Indenture (Par Technology Corp), Indenture (Par Technology Corp)

Adjustment of Conversion Rate. The Company will adjust the Conversion Rate from time to time as described in this Section 8.05‎Section 10.05, except that the Company will not make an adjustment to the Conversion Rate if the each Holder participates (other than in a share split or share combination), at the same time and upon the same terms as holders of the Common Stock, and solely as a result of holding this Notethe Notes, in the relevant transaction described in this Section 8.05 ‎Section 10.05 without having to convert its Note Notes and as if it held a number of shares of the Common Stock equal to the product of (i) the Conversion Rate in effect on the applicable record date, Effective Date or expiration date; , and (ii) the aggregate principal amount of this Note Notes held by such Holder (expressed express in thousands) on such date, rounded up to the nearest whole number.

Appears in 1 contract

Samples: Indenture (GAIN Capital Holdings, Inc.)

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Adjustment of Conversion Rate. The Company will adjust the Conversion Rate from time to time as described in this Section 8.0510.05, except that the Company will not make an adjustment to the Conversion Rate if the each Holder participates (other than in a share split or share combination), at the same time and upon the same terms as holders of the Common Stock, and solely as a result of holding this Notethe Notes, in the relevant transaction described in this Section 8.05 10.05 without having to convert its Note Notes and as if it held a number of shares of the Common Stock equal to the product of (i) the Conversion Rate in effect on the applicable record date, Effective Date or expiration date; , as applicable, and (ii) the aggregate principal amount of this Note (expressed express in thousands) of Notes held by such Holder on such date.

Appears in 1 contract

Samples: Indenture (Layne Christensen Co)

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