Adjustment of the Conversion Price Sample Clauses

Adjustment of the Conversion Price. The Conversion Price shall be adjusted from time to time as follows:

Adjustment of the Conversion Price. 4.4.1 The Conversion Price shall be subject to adjustment from time to time as follows: (a) If and whenever at any time the outstanding Common Shares of the Company shall be subdivided, redivided or changed into a greater or reduced or consolidated into a lesser number of shares or reclassified into different shares, any holder of Bonds who has not exercised his or her right of conversion prior to the effective date of such subdivision, redivision, change, consolidation, reduction or reclassification shall be entitled to receive and shall accept, upon the exercise of such right at any time on such effective date or thereafter, in lieu of the number of Common Shares to which he or she was theretofore entitled upon conversion at the Conversion Price, the aggregate number of shares of the Company that such Bond holder would have been entitled to receive as a result of such subdivision, redivision, change, consolidation or reclassification if, on the effective date thereof, he or she had been the registered holder of the number of Common Shares to which he or she was theretofore entitled upon conversion. (b) In case the Company shall fix a record date for the issuance of additional Common Shares (or securities convertible into Common Shares) to the holders of any of its outstanding Common Shares by way of a stock dividend or other distribution (other than as dividends paid in the ordinary course), other than stock dividend to holders of Common Shares who exercise an option to receive any ordinary course equivalent dividends in Common Shares in lieu of receiving cash dividends, the Conversion Price shall 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 shall be the total number of Common Shares outstanding on the record date and of which the denominator shall be the total number of Common Shares outstanding on the record date plus the number of additional Common Shares which shall result from the stock dividend or other distribution (assuming for this purpose that all Common Shares issuable upon the exercise of the conversion rights of the securities convertible into Common Shares have been issued). Common Shares owned by or held for the account of the Company and/or its wholly-owned Subsidiaries shall be deemed not to be outstanding for the purposes of any such computation. Any dividend or distribution on the Common ...

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. 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: old conversion price The share price is the average of the weighted average of daily trading price on the exchange the last three days the shares are quoted including rights.

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 Shares are listed at an Exchange, a new Conversion Price be calculated as follows: New Conversion Price old Conversion 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 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 convertible bonds, warrants or other similar financial instruments in which existing shareholders have preferential rights to subscribe for the financial instruments, shall (i) if Shares are listed at an Exchange, a new Conversion Price be calculated as follows: New Conversion Price averageprice during subscription period averageprice during the subscription period plus the averageprice of the warrantsin 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 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 write-down of the Borrower’s share capital and subsequent repayment to shareholders, shall, (i) if the Shares are listed at an Exchange, a new Conversion Price be calculated as follows: New Conversion Price share price less amount repaid per share shareprice 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 Shares are not listed, the Conversion Price be reduced with an amount equal to the amount repaid per share. Reduction 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 Conversion Price number of shares prior to bonus issue, split or consolidation number of shares after bonus issue, sp...

Adjustment of the Conversion Price. Upon the happening of any of the events described below, the Conversion Price shall be adjusted as follows: 14.1 If and whenever there shall be a consolidation, reclassification or subdivision of the Shares, the Conversion Price shall be adjusted by multiplying the Conversion Price in force immediately prior to such consolidation, reclassification or subdivision by the following fraction:

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. 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. 3.2. Anything in the Adjustment Price Provisions to the contrary notwithstanding, the Company shall be entitled, but shall not be required, to make such reductions in the Conversion Price in addition to those required by the Adjustment Price Provisions as it, in its discretion, shall determine to be advisable. 3.3. In any case in which an adjustment shall be required to be made retroactively immediately following a record date, the Company shall as promptly as practicable issue to the holder of any Note converted after such record date the shares of Common Stock and other common stock of the Company issuable on such conversion in excess of the shares of Common Stock and other common stock of the Company issuable on such conversion on the basis of the Conversion Price prior to such adjustment.

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.

Adjustment of the Conversion Price. Upon the happening of any of the events described below, the Conversion Price shall be adjusted as follows: