Adjustment to Conversion Rate Upon Sample Clauses

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 ARTICLE 15 REPURCHASE OF NOTES AT OPTION OF HOLDERS 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 ARTICLE 16 OPTIONAL REDEMPTION Section 16.01. Optional Redemption 87
Sample 1
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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
Sample 1
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
Sample 1
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 ARTICLE 15 REPURCHASE OF NOTES AT OPTION OF HOLDERS 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 ARTICLE 16 CHANGE IN TAX LAW REDEMPTION 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 ARTICLE 17 MISCELLANEOUS PROVISIONS 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 Schedule A Make-Whole Table Sch-1 EXHIBIT Exhibit A Form of Note A-1 INDENTURE, dated as of August 7, 2018 between GREENLIGHT CAPITAL RE, LTD., a Ca...
Sample 1
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 ARTICLE 11 PAYMENT OF INTEREST Section 11.01. Interest Payments 66 Section 11.02. Defaulted Interest 66 Section 11.03. Interest Rights Preserved 67 ARTICLE 12
Sample 1

Related to Adjustment to Conversion Rate Upon

  • Adjustment to Conversion Price Whenever the Conversion Price is adjusted pursuant to any provision of this Section 5, the Company shall promptly deliver to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment.

  • Adjustments to Conversion Price The Conversion Price shall be subject to adjustment from time to time as follows:

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

  • Conversion Price and Adjustments to Conversion Price (i) The conversion price in effect on any Conversion Date shall be equal to the lesser of (a) $0.4735 (the “Fixed Conversion Price”) or (b) ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the thirty (30) trading days immediately preceding the Conversion Date as quoted by Bloomberg, LP (the “Market Conversion Price”). The Fixed Conversion Price and the Market Conversion Price are collectively referred to as the “Conversion Price.” The Conversion Price may be adjusted pursuant to the other terms of this Debenture.

  • 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.

  • Adjustments to Conversion Ratios The number of Ordinary Shares that the holders of Rights are entitled to receive as a result of the occurrence of an Exchange Event shall be equitably adjusted to reflect appropriately the effect of any share split, reverse share split, share dividend, reorganization, recapitalization, reclassification, combination, exchange of shares or other like change with respect to the Ordinary Shares occurring on or after the date hereof and prior to the Exchange Event.

  • Notice of Conversion Rate Adjustments Upon the effectiveness of any adjustment to the Conversion Rate pursuant to Section 5.05(A), the Company will promptly send notice to the Holders, the Trustee and the Conversion Agent containing (i) a brief description of the transaction or other event on account of which such adjustment was made; (ii) the Conversion Rate in effect immediately after such adjustment; and (iii) the effective time of such adjustment.

  • Adjustment of Conversion Price The Conversion Price shall be subject to adjustment from time to time as follows:

  • Conversion Limitation The Holder will not submit a conversion to the Company that would result in the Holder beneficially owning more than 9.99% of the then total outstanding shares of the Company (“Restricted Ownership Percentage”).

  • Calculation of Conversion Price The conversion price (the “Conversion Price”) shall equal the Variable Conversion Price (as defined herein) (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The "Variable Conversion Price" shall mean 61% multiplied by the Market Price (as defined herein) (representing a discount rate of 39%). “Market Price” means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid price on the Over-the-Counter Bulletin Board, or applicable trading market (the “OTCBB”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTCBB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCBB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded.

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