Adjustment of the Conversion Price. The Conversion Price shall be adjusted from time to time as follows:
Adjustment of the Conversion Price. The Conversion Price will be subject to adjustment from time to time as follows:
(a) If and whenever at any time after the date hereof the outstanding Shares are subdivided, redivided or changed into a greater, or reduced, combined or consolidated into a lesser, number of shares or reclassified into different shares, the Lender prior to the effective date of such subdivision, redivision, change, reduction, combination, consolidation or reclassification will be entitled to receive and will accept, upon the exercise of such right at any time on such effective date or thereafter, in lieu of the number of Shares to which it was theretofor entitled upon conversion at the Conversion Price, the aggregate number of shares of the Borrower that the Lender would have been entitled to receive as a result of such subdivision, redivision, change, reduction, combination, consolidation or reclassification if, on the effective date thereof, the Lender had been the registered holder of the number of Shares to which it was theretofor entitled upon conversion.
(b) If and whenever at any time after the date hereof the Borrower issues additional Shares (or securities convertible into Shares) to the holders of all of its outstanding Shares by way of a stock dividend or other distribution, other than a stock dividend to holders of Shares who exercise an option to receive in the ordinary course equivalent dividends in Shares in lieu of receiving cash dividends, the Conversion Price will be adjusted immediately after the record date for such stock dividend or other distribution by multiplying the Conversion Price in effect on such record date by a fraction of which the numerator will be the total number of Shares outstanding on the record date and of which the denominator will be the total number of Shares outstanding on the record date plus the number of additional Shares which will result from the stock dividend or other distribution (assuming for this purpose that all Shares issuable upon the exercise of the conversion rights of the securities convertible into Shares had been issued). Any dividend or distribution on the Shares of the Borrower in Shares will be deemed to have been issued or made immediately prior to the time of the record date for such dividend or distribution for the purposes of calculating the number of outstanding Shares under Subsection (c) below.
(c) If and whenever at any time after the date hereof the Borrower makes a distribution to all holders of its Sha...
Adjustment of the Conversion Price. A. Where the Company engages in capital increase, stock dividends or the transfer of reserves to equity capital or engages in the issuance of convertible bonds or bonds with warrant, each case of which value will be less than the market price the conversion price shall be adjusted as follows. The adjustment date to the conversion price shall be the issue date of the newly issued stocks based on capital increase, stock dividends or the transfer of reserves to equity capital or issue date of the convertible bonds or bonds with warrant. Conversion Price after adjustment = Conversion Price before adjustment X [{A + (B x C / D)} / (A + B)] A: The number of shares already issued
Adjustment of the Conversion Price. Upon the happening of any of the events described below, the Conversion Price shall be adjusted as follows:
13.1 If and whenever there shall be a consolidation or subdivision of the Shares, the Conversion Price shall be adjusted by multiplying the Conversion Price in force immediately prior to such consolidation or subdivision by the following fraction: where:
Adjustment of the Conversion Price. 14.1 In the event of a new issue of shares in the Borrower in which shareholders have preferential rights to subscribe for the new shares, shall
(i) if the Borrower’s shares are listed at an exchange, a new Conversion Price be calculated as follows: New conversion price shares shareprice price new shares) number of new shares price The share price is the average of the weighted average of official daily trading price on the exchange the last three days the shares are quoted including rights.
(ii) if the Borrower’s shares are not listed, each Bondholder shall have the same subscription right as the shareholders, as if the Bondholder already had exercised his conversion right.
14.2 In the event of an issue of financial instruments in accordance with Chapter 11 of the Companies Act in which existing shareholders have preferential rights to subscribe for the financial instruments, shall
(i) if the Borrower’s shares are listed at an exchange, a new Conversion Price be calculated as follows: New conversion price average price during subscription period average price during the subscription period plus the average price of the warrants in the same period old conversion price The average price is the average of the weighted average of official daily trading price on the exchange during the subscription period. Days without trading are not included in the calculation.
(ii) if the Borrower’s shares are not listed, each Bondholder shall have the same subscription right as the shareholders, as if the Bondholder already had exercised his conversion right.
14.3 In the event of a capital of the Borrower’s share capital and subsequent repayment to shareholders, shall,
(i) if the Borrower’s shares are listed at an exchange, a new Conversion Price be calculated as follows: New conversion price share price less amount repaid per share share price old conversion price The share price is the average of the weighted average of official daily trading price on the exchange the last three days shares are quoted including rights.
(ii) if the Borrower’s shares are not listed, the Conversion Price be reduced with an amount equal to the amount repaid share. of the share capital without repayment to the shareholders shall have no influence on the Conversion Price.
14.4 In the event of a bonus issue of new shares in the Borrower (with the exception of shares issued in settlement of a merger offer), split or consolidation, the new Conversion Price shall be fixed as follows: New conversio...
Adjustment of the Conversion Price. 14.1 In the event of a new issue of shares in the Borrower in which shareholders have preferential rights to subscribe for the new shares, shall if the Borrowers shares are listed at an exchange, a new Conversion Price be calculated as follows: New conversion price shares shareprice price new shares) new shares old conversion price The share price is the average of the weighted average of official daily trading price on the exchange the last three days the shares are quoted including rights.
Adjustment of the Conversion Price. Upon the happening of any of the events described below, the Conversion Price shall be adjusted as follows:
Adjustment of the Conversion Price. (a) Capital Increase from Conversion of the Capital Reserve or Retained Earnings, Share Split or Combining of Shares and Capital Decrease.
(i) If, prior to the relevant Settlement Date, the Issuer increases its share capital by way of conversion of the capital reserve or retained earnings by issuing new Ordinary Shares (other than constituting a Scrip Dividend), the Conversion Price will be adjusted in accordance with the following formula: CPa = CP x Nn No Where: CPa = the adjusted Conversion Price; CP = the Conversion Price in effect immediately prior to the Adjustment Date (subject to § 10(h)); Nn = the number of issued Ordinary Shares after the share capital increase; and No = the number of issued Ordinary Shares before the share capital increase. If the share capital increase by way of conversion of the capital reserve or retained earnings is not effected by issuing new Ordinary Shares but by means of an increase of the nominal amount (nominale waarde) per Ordinary Share, the Conversion Price will not be adjusted and will remain unchanged. In this case the relevant Settlement Shares will be delivered with their increased nominal amount per Ordinary Share.
(ii) If, prior to the relevant Settlement Date, the Issuer:
(A) increases the number of Ordinary Shares issued by reduction of the nominal amount per Ordinary Share (share split) or reduces the number of issued Ordinary Shares by increasing the nominal amount per share with no change in the share capital (reverse share split); or
(B) reduces its share capital by combining Ordinary Shares, the Conversion Price will be adjusted in accordance with § 10(a)(i) to the extent not otherwise provided for in § 10(a)(iii).
(iii) If, prior to the relevant Settlement Date, the Issuer decreases the share capital of the Issuer by way of a reduction of the nominal amount per Ordinary Share, the Conversion Price will not be adjusted and will remain unchanged. In this case the relevant Settlement Shares will be delivered with their respective new nominal amount per Ordinary Share. No adjustment of the Conversion Price will be made in case of a capital decrease by cancelling Ordinary Shares held in treasury.
(b) Capital Increase against cash contributions with Subscription Rights. If, prior to the relevant Settlement Date, the Issuer increases its share capital through the issuance of new Ordinary Shares against cash contributions while granting its Shareholders a direct or indirect subscription right (rights issue) (o...
Adjustment of the Conversion Price. The Conversion Price shall be adjusted from time to time as follows: In case the Borrower shall hereafter (i) pay a dividend or make a distribution on its Stock in shares of Stock, (ii) subdivide its outstanding shares of Stock into a greater number of shares, (iii) combine its outstanding shares of Stock into a smaller number of shares or (iv) issue by reclassification of its Stock any shares of capital stock of the Borrower, the Conversion Price in effect immediately prior to such action shall be adjusted so that the Lender surrendering any part of this Note for conversion shall be entitled to receive the number of shares of Stock or other capital stock of the Borrower which he would have owned immediately following such action had this Note been so converted immediately prior thereto. An adjustment made pursuant to this subsection (a) 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. If, as a result of an adjustment made pursuant to this subsection (i), the Lender surrendering this Note for conversion shall become entitled to receive shares of two or more classes of capital stock (including shares of Common stock and other capital stock) of the Borrower, the Board of Directors (whose determination shall be conclusive and shall be described in a statement provided to the Lender) shall determine the allocation of the adjusted Conversion Price between or among shares of such classes of capital stock or shares of Stock and other capital stock.
Adjustment of the Conversion Price. Pursuant to Section 15.6 of the Indenture, the Conversion Price is hereby adjusted downward to $44.45 to give effect to the conversion of Company Common Stock into Common Stock as a result of the Merger.
