Adjustments to Note Sample Clauses

Adjustments to Note. Should the Management Agreement provided for herein be terminated for cause at any time prior to payment in full of sums due under the Note provided for in Section 2.a.v, the Note shall then be canceled and no further performance or payment thereunder by Glenborough shall thereafter be required.
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Adjustments to Note. (i) If the Company's Gross Profit (as defined herein) for the calendar year ended December 31, 1999 is less than $10 million (the "Profit Target"), then TriStar may deduct the deficiency from the Note. In addition, for purposes of this Section 2.1(b), Gross Profit shall exclude intercompany sales between the Company and TriStar. As used herein, Gross Profit shall mean the Company's net revenues less its cost to acquire inventory but excluding handling and testing costs. For purposes of this section 2.1 (b)(i) cost of inventory shall be the lower of invoice cost (excluding handling and testing costs) or the book value of such inventory on the Company's books and accounts. The Profit Target and expected revenues of the Company for each quarter during calendar 1999 on a cumulative basis is as follows: Quarterly Ending Cumulative Quarterly Date Profit Target Revenues ---- ------------- -------- (in Millions) March 31, 1999 $2.5 $7.5 June 30, 1999 $5.0 $15.0 September 30, 1999 $7.5 $22.5 December 31, 1999 $10.0 $30.0 If the Company has not achieved the cumulative Profit Target for the quarter as indicated above, then the quarterly payment on the Note for the applicable quarter will be deferred until the next quarter. If the Company achieves the cumulative Profit Target for the next quarter, then the quarterly payment for that quarter as well as any deferred quarterly payments will be paid. If the annual Profit Target has not been achieved by the Company by December 31, 1999, then the quarterly payment for the fourth quarter and any deferred quarterly payments will be canceled and discharged in full.
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Adjustments to Note. (a) Within 90 days following the Closing, Seller will provide to Buyer a calculation of the "July 31
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Related to Adjustments to Note

  • Adjustments to Shares If at any time while this Agreement is in effect (or Shares granted hereunder shall be or remain unvested while Recipient’s Continuous Service continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then and in that event, the Board or the Committee shall make any adjustments it deems fair and appropriate, in view of such change, in the number of shares of Restricted Stock then subject to this Agreement. If any such adjustment shall result in a fractional Share, such fraction shall be disregarded.

  • Equitable Adjustments to Prices Whenever any provision of this Indenture requires the Company to calculate the average of the Last Reported Sale Prices, or any function thereof, over a period of multiple days (including to calculate the Stock Price or an adjustment to the Conversion Rate), or to calculate Daily VWAPs over an Observation Period, the Company will make proportionate adjustments, if any, to such calculations to account for any adjustment to the Conversion Rate pursuant to Section 5.05(A)(i) that becomes effective, or any event requiring such an adjustment to the Conversion Rate where the Ex-Dividend Date or effective date, as applicable, of such event occurs, at any time during such period or Observation Period, as applicable.

  • Adjustments to Option The Option shall be subject to the adjustment provisions of Sections 8 and 9 of the Plan, provided, however, that in the event of the payment of an extraordinary dividend by the Company to its shareholders: the Exercise Price of the Option shall be reduced by the amount of the dividend paid, but only to the extent the Committee determines it to be permitted under applicable tax laws and to not have adverse tax consequences to the Optionee under Section 409A of the Code; and, if such reduction cannot be fully effected due to such tax laws and it will not have adverse tax consequences to the Optionee, then the Company shall pay to the Optionee a cash payment, on a per Share basis, equal to the balance of the amount of the dividend not permitted to be applied to reduce the Exercise Price of the applicable Option as follows: (a) for each Share subject to a vested Option, immediately upon the date of such dividend payment; and (b) for each Share subject to an unvested Option, on the date on which such Option becomes vested and exercisable with respect to such Share.

  • Adjustments to Purchase Price The Purchase Price shall be adjusted as follows:

  • Adjustments to Tax Basis In the event of adjustment to the adjusted tax basis of Partnership property under Code Sections 732, 734 or 743, the capital accounts of the Partners shall be adjusted to the extent provided in Treasury Regulation Section 1.704-1(b)(2)(iv)(m).

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

  • Adjustments to the Conversion Rate (A) Events Requiring an Adjustment to the Conversion Rate. The Conversion Rate will be adjusted from time to time as follows:

  • Adjustments to Number of Shares The number of shares of Common Stock subject to this Option shall be adjusted to take into account any stock splits, stock dividends, recapitalization of the Common Stock as provided in the Stock Option Plan.

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

  • Adjustments to Payments 11.1 Anything in this Agreement to the contrary notwithstanding, in the event it shall be determined that any payment or distribution by the Company to Executive or for Executive’s benefit (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise) (the “Payments”) would be subject to the excise tax imposed by Section 4999 (or any successor provisions) of the Code, or any interest or penalty is incurred by Executive with respect to such excise tax (such excise tax, together with any such interest and penalties, is hereinafter collectively referred to as the “Excise Tax”), then the Payments shall be reduced (but not below zero) if and to the extent that such reduction would result in Executive retaining a larger amount, on an after-tax basis (taking into account federal, state and local income taxes and the imposition of the Excise Tax), than if Executive received all of the Payments. The Company shall reduce or eliminate the Payments, by first reducing or eliminating the portion of the Payments which are not payable in cash and then by reducing or eliminating cash payments, in each case in reverse order beginning with payments or benefits which are to be paid the farthest in time from the determination.

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