Adjustment to Conversion Rate Upon Sample Clauses
The "Adjustment to Conversion Rate Upon" clause defines the circumstances and mechanisms by which the conversion rate of a security, such as a convertible note or preferred stock, may be modified. Typically, this clause applies when certain events occur, such as stock splits, dividends, or mergers, which could otherwise affect the value of the underlying shares. For example, if a company issues additional shares or undergoes a recapitalization, the conversion rate may be adjusted to ensure that holders of convertible securities maintain their proportional ownership. The core function of this clause is to protect investors from dilution or unintended changes in value, thereby ensuring fairness and predictability in the conversion process.
Adjustment to Conversion Rate Upon. Conversion in Connection with a Make-Whole Fundamental Change or an Optional Redemption 63 Section 14.03. Exercise of Conversion Privilege 64 Section 14.04. Settlement of Conversion Obligation 65 Section 14.05. Fractions of Shares 69 Section 14.06. Adjustment of Conversion Rate 69 Section 14.07. Notice of Adjustments of Conversion Rate 79 Section 14.08. Company To Reserve Common Stock 79 Section 14.09. Taxes on Conversions 80 Section 14.10. Certain Covenants 80 Section 14.11. Provision in Case of Reclassification, Consolidation, Merger or Sale 80 Section 14.12. Responsibility of Trustee for Conversion Provisions 81 Section 14.13. Notice to Holders Prior to Certain Actions 82 Section 15.01. Intentionally Omitted 83 Section 15.02. Repurchase at Option of Holders Upon a Fundamental Change 83 Section 15.03. Withdrawal of Fundamental Change Purchase Notice 85 Section 15.04. Deposit of Fundamental Change Purchase Price 86 Section 15.05. Covenant to Comply with Applicable Laws Upon Repurchase of Notes 86 Section 16.01. Optional Redemption 87
Adjustment to Conversion Rate Upon a Make-Whole Change in Control; Discretionary Adjustment 59 Section 10.14. When Adjustment May Be Deferred 62 Section 10.15. When No Adjustment Required 62 Section 10.16. Notice of Adjustment 63 Section 10.17. Notice of Certain Transactions 63 Section 10.18. Right of Holders to Convert 63 Section 10.19. Company Determination Final 63 Section 10.20. Trustee’s Adjustment Disclaimer 64 Section 10.21. Simultaneous Adjustments 64 Section 10.22. Successive Adjustments 65 Section 10.23. Rights Issued in Respect of Common Stock Issued Upon Conversion 65 Section 10.24. Withholding Taxes for Adjustments in Conversion Rate 65 PAYMENT OF INTEREST Section 11.01. Interest Payments 66 Section 11.02. Defaulted Interest 66 Section 11.03. Interest Rights Preserved 67
Adjustment to Conversion Rate Upon. Conversion in Connection with a Make-Whole Fundamental Change or an Optional Redemption 60 Section 14.03. Exercise of Conversion Privilege 61 Section 14.04. Settlement of Conversion Obligation 62 Section 14.05. Fractions of Shares 65 Section 14.06. Adjustment of Conversion Rate 65 Section 14.07. Notice of Adjustments of Conversion Rate 75 Section 14.08. Company To Reserve Class A Ordinary Shares 76 Section 14.09. Taxes on Conversions 76 Section 14.10. Certain Covenants 76 Section 14.11. Provision in Case of Reclassification, Consolidation, Merger or Sale 76 Section 14.12. Responsibility of Trustee for Conversion Provisions 78 Section 14.13. Notice to Holders Prior to Certain Actions 78 Section 14.14 Company Charter Limitation 79 Section 14.15 Increase in Conversion Rate 79 Section 14.16 No Voting or Dividend Rights 80 Section 15.01. Intentionally Omitted 80 Section 15.02. Repurchase at Option of Holders Upon a Fundamental Change 80 Section 15.03. Withdrawal of Fundamental Change Purchase Notice 83 Section 15.04. Deposit of Fundamental Change Purchase Price 83 Section 15.05. Covenant to Comply with Applicable Laws Upon Repurchase of Notes 84 Section 16.01. Change in Tax Law Redemption 84 Section 16.02. Notice of Change in Tax Law Redemption 85 Section 16.03. Payment of Notes Called for Redemption 87 Section 16.04. Restrictions on Redemption 87 Section 17.01. Provisions Binding on Company’s Successors 87 Section 17.02. Official Acts by Successor Corporation 87 Section 17.03. Addresses for Notices, Etc. 87 Section 17.04. Governing Law; Jurisdiction 88 Section 17.05. Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee 89 Section 17.06. Legal Holidays 90 Section 17.07. No Security Interest Created 90 Section 17.08. Benefits of Indenture 91 Section 17.09. Table of Contents, Headings, Etc. 91 Section 17.10. Authenticating Agent 91 Section 17.11. Execution in Counterparts 92 Section 17.12. Severability 92 Section 17.13. Waiver of Jury Trial 92 Section 17.14. Force Majeure 92 Section 17.15. Calculations 93 Section 17.16. Withholding Taxes 93 Section 17.17. U.S.A. Patriot Act 93 Section 17.18 No Adverse Interpretation of Other Agreements 93 Schedule A Make-Whole Table Sch-1 Exhibit A Form of Note A-1 INDENTURE, dated as of August 7, 2018 between GREENLIGHT CAPITAL RE, LTD., a Cayman Islands exempted company, as issuer (the “Company,” as more fully set forth in Section 1.01), and WILMINGTON SAVINGS FUND SOCIETY, FSB, a fe...
Adjustment to Conversion Rate Upon a Make-Whole Fundamental Change 61 Section 11.10. Right of Holders to Convert 63 Section 11.11. Trustee’s Adjustment Disclaimer 63 Section 11.12. Rights Issued in Respect of Common Stock Issued Upon Conversion 64 ARTICLE 12 Payment of Interest Section 12.01. Interest Payments 65 Section 12.02. Defaulted Interest 65 Section 12.03. Interest Rights Preserved 66
Adjustment to Conversion Rate Upon. Conversion in Connection with a Make-Whole Fundamental Change or an Optional Redemption 51 Section 14.03. Exercise of Conversion Privilege 53 Section 14.04. Settlement of Conversion Obligation 54 Section 14.05. Fractions of Shares 57 Section 14.06. Adjustment of Conversion Rate 58 Section 14.07. Notice of Adjustments of Conversion Rate 68 Section 14.08. Company To Reserve Common Stock 68 Section 14.09. Taxes on Conversions 68 Section 14.10. Certain Covenants 68 Section 14.11. Provision in Case of Reclassification, Consolidation, Merger or Sale 68 Section 14.12. Responsibility of Trustee for Conversion Provisions 70 Section 14.13. Notice to Holders Prior to Certain Actions 70