ADJUSTMENT OF INITIAL AMOUNT Sample Clauses

ADJUSTMENT OF INITIAL AMOUNT. Except as otherwise provided in this Section 7.6(b), the Initial Amount shall not be subject to adjustment until April 1999, when UPR shall review the Initial Amount and all other terms of the Letter of Credit to determine whether such Initial Amount or such other terms should be adjusted in view of all commercial factors relevant to the assurance of UPFUELS' performance of its obligations under this Agreement, including but not limited to (i) UPFUELS' creditworthiness, (ii) the general level of prices for NGLs and other energy commodities and (iii) the condition of the domestic and international economy. UPR shall thereafter review the amount and other terms of the Letter of Credit not less frequently than each subsequent October and April during the term of this Agreement. Nothing in this Section 7.6(b) shall be construed to limit UPR's right to review the amount of the Letter of Credit on a more frequent basis, however, or to require such additional credit enhancement as UPR deems necessary to provide adequate assurances of UPFUELS' obligations hereunder. Notwithstanding the foregoing, the Parties agree that no adjustment shall result in a Letter of Credit with an obligation greater than the product of (x) the quantities of Subject NGLs estimated in good faith to be delivered by UPR over a period of 65 Days, (y) the contract price estimated in good faith by UPR to be payable in respect of such Subject NGLs over such period and (z) 65 Days.
Sample 1
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ADJUSTMENT OF INITIAL AMOUNT. The Initial Amount shall be increased to maintain the Initial Amount of 8% (measured at the fifth anniversary of the date hereof) with respect to any common shares or common share equivalents (including without limitation common shares or common share equivalents into which any Options or Convertible Securities (as defined herein) are convertible) issued in connection with:
Sample 1

Related to ADJUSTMENT OF INITIAL AMOUNT

  • Adjustments to the Conversion Rate (A) Events Requiring an Adjustment to the Conversion Rate. The Conversion Rate will be adjusted from time to time as follows:

  • ADJUSTMENT OF CONTRACT PRICE The Contract Price shall be subject to adjustment, as hereinafter set forth, in the event of the following contingencies (it being understood by both parties that any reduction of the Contract Price is by way of liquidated damages and not by way of penalty):

  • Adjustment, etc Any adjustment, indulgence, forbearance or compromise that might be granted or given by any of the Lenders to Borrower or Guarantor or any Person liable on the Liabilities;

  • Adjustment of Conversion Rate The Conversion Rate shall be adjusted from time to time by the Company if any of the following events occurs, except that the Company shall not make any adjustments to the Conversion Rate if Holders of the Notes participate (other than in the case of (x) a share split or share combination or (y) a tender or exchange offer), at the same time and upon the same terms as holders of the Common Stock and solely as a result of holding the Notes, in any of the transactions described in this Section 14.04, without having to convert their Notes, as if they held a number of shares of Common Stock equal to the Conversion Rate, multiplied by the principal amount (expressed in thousands) of Notes held by such Holder.

  • Conversion Price Adjustments The conversion price shall be subject to adjustment (without duplication) from time to time as follows:

  • Adjustment of Purchase Price NUMBER AND KIND OF SHARES OR NUMBER OF RIGHTS. The Purchase Price, the number and kind of shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11.

  • Conversion Price Adjustment In the event the Company, shall, at any time following the issuance of the Series A-1 Preference Shares, issue additional Common Shares in a financing transaction the sole purpose of which is to raise capital, at a price per share less than the Conversion Price then in effect, then the Conversion Price upon each such issuance shall be reduced to a price equal to the consideration paid for such additional Common Shares.

  • Base Price Adjustments The base aircraft price (pursuant to Article 3 of the Agreement) of the Option Aircraft will be adjusted to Boeing's and the engine manufacturer's then-current prices as of the date of execution of the Option Aircraft Supplemental Agreement.

  • Adjustments to Conversion Rate The Conversion Rate shall be adjusted from time to time by the Company as follows:

  • Purchase Price Adjustments In case at any time and from time to time the Company shall issue any shares of Common Stock or Derivative Securities convertible or exercisable for shares of Common Stock (the number of shares so issued, or issuable upon conversion or exercise of such Derivative Securities, as applicable, being referred to as "Additional Shares of Common Stock") for consideration less than the then Market Price at the date of issuance of such shares of Common Stock or such Derivative Securities, in each such case the Conversion Price shall, concurrently with such issuance, be adjusted by multiplying the Conversion Price immediately prior to such event by a fraction: (i) the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to the issuance of such Additional Shares of Common Stock plus the number of shares of Common Stock that the aggregate consideration received by the Company for the total number of such Additional Shares of Common Stock so issued would purchase at the Market Price and (ii) the denominator of which shall be the number of shares of Common Stock outstanding immediately prior to the issuance of Additional Shares of Common Stock plus the number of such Additional Shares of Common Stock so issued or sold.

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