Adjustment of Conversion Ratio. The Conversion Ratio shall be adjusted from time to time as follows:
Adjustment of Conversion Ratio. The Conversion Price will be subject to adjustment from time to time as follows:
Adjustment of Conversion Ratio. The Conversion Ratio shall be subject to equitable adjustment in the event of any stock split, stock dividend, reverse stock split or other change in the number of AZCO Shares outstanding. No AMPI Share shall be deemed to be outstanding or to have rights other than those set forth above in this Agreement.
Adjustment of Conversion Ratio. Section 9.1. In the event that the Company shall at any time after the date hereof: (i) declare a dividend or make a distribution on its Common Stock in shares of Common Stock, (ii) subdivide or reclassify shares of its outstanding Common Stock into a greater number of shares, (iii) combine shares of its outstanding Common Stock into a smaller number of shares, (iv) pay a dividend or make a distribution on its Common Stock in shares of any series of its Capital Stock (other than Common Stock), or (v) issue by reclassification of its Common Stock shares of any series of its Capital Stock or any Capital Stock Rights, then the Conversion Ratio in effect immediately prior to such event shall be adjusted so that the Holder of the Series HP Convertible Preferred Stock shall be entitled to receive on conversion of such shares of Series HP Convertible Preferred Stock, the number of shares of Common Stock, other Capital Stock or Capital Stock Rights of the Company which such Holder would have owned or have been entitled to receive after the happening of any of the events described above had the shares of Series HP Convertible Preferred Stock been converted immediately prior to the happening of such event. Any adjustment made pursuant to this Section 9 shall become effective immediately after the record date in the case of a dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event referred to above shall occur.
Adjustment of Conversion Ratio. In the event of any stock split or reverse stock split affecting the outstanding Common Stock, or in the event of a dividend on or distribution in respect of, the outstanding Common Stock payable in shares of Common Stock, the Conversion Ratio shall, automatically upon the effectiveness thereof, be adjusted proportionately.
Adjustment of Conversion Ratio. If the Final Parent Stock Price (as defined below) is equal to or less than $36.00 per share, no adjustment to the Exchange Ratio shall be made. If the Final Parent Stock Price is greater than $36.00 per share, then the Exchange Ratio shall be adjusted in accordance with the formula specified on Exhibit 1.06(b) hereto provided, however, that the Exchange Ratio as adjusted pursuant to this Section 1.06(b) shall in no event be less than .8333. For purposes hereof, "Final Parent Stock Price" shall mean the average of the closing prices of the Parent Common Stock for the twenty consecutive days on which the Parent Common Shares are traded on The New York Stock Exchange (the "NYSE") ending on the fifth calendar day immediately preceding the Company Stockholders Meeting (as defined in Section 2.13). (c)
Adjustment of Conversion Ratio. The Conversion Ratio shall be adjusted from time to time by the Calculation Agent as follows:
Adjustment of Conversion Ratio. The Conversion Ratio for each share of Series A Preferred Stock and the kind of securities issuable upon the conversion of any share of Series A Preferred Stock shall be adjusted from time to time as follows:
Adjustment of Conversion Ratio. In the event that, subsequent to the date hereof but prior to the Effective Time, the outstanding shares of NCE Common Stock or NSP Common Stock, respectively, shall have been changed into a different number of shares or a different class as a result of a stock split, reverse stock split, stock dividend, subdivision, reclassification, combination, exchange, recapitalization or other similar transaction, the Conversion Ratio shall be appropriately adjusted to provide the holders of NCE Shares the same economic effect as contemplated by this Agreement prior to such event.
Adjustment of Conversion Ratio. (a) After the issuance of the Preferred Shares, the conversion ratio as set forth in a. and b. above will be adjusted in accordance with the following formula (hereinafter referred to as the “Conversion Ratio Adjustment Formula”) in the event any of the items set forth below occurs; provided, however, that if the conversion ratio calculated by the Conversion Ratio Adjustment Formula exceeds forty (40), the conversion ratio after adjustment shall be forty (40). The conversion ratio after adjustment shall be calculated to the fourth decimal place and rounded up to the nearest third decimal place when the fraction beyond it is equal to or more than 0.0005, discarding fractions less than 0.0005. Conversion ratio after adjustment = Conversion ratio before adjustment x Number of Ordinary Shares already issued + Number of Ordinary Shares to be newly issued or transferred Number of Ordinary Shares already issued + Number of Ordinary Shares to be newly issued or transferred x Subscription price or transfer price per share Current market price
