Adjustment of the Conversion Price. The Conversion Price shall be adjusted from time to time as follows:
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. 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. 4.4.1 The Conversion Price shall be subject to adjustment from time to time as follows:
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
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. 6.7.1 The Conversion Price in effect at any date will be subject to adjustment from time to time in the events and in the manner provided in this Section 0.
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. (a) Capital Increase from Conversion of the Capital Reserve or Retained Earnings, Share Split or Combining of Shares and Capital Decrease.
Adjustment of the Conversion Price. 3.1. Whenever the Conversion Price is adjusted as described in point 8 of the Terms of the Convertible Notes in the Agreement (the “Adjustment Price Provisions”), the Company shall promptly send to Banca del Gottardo a certificate of the Company setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment and the date on which it becomes effective. The contents of any certificate required by this Section may be transmitted by fax, but shall be confirmed in writing as hereinbefore provided. Banca del Gottardo may rely upon such certificate (or such transmission by fax, whether or not so confirmed) as conclusive evidence of the correctness of the adjustment referred to therein.
