Common use of Consequence of Merger Events Clause in Contracts

Consequence of Merger Events. Notwithstanding Section 9.3 of the Equity Definitions, upon the occurrence of a Merger Event, the Calculation Agent shall make a corresponding adjustment in respect of any adjustment under the Indenture to any one or more of the nature of the Shares, Strike Price, Number of Options, the Option Entitlement and any other variable relevant to the exercise, settlement or payment for the Transaction; provided however that such adjustment shall (a) assume that, in the case of a “Public Acquirer Change of Control” (as defined in the Indenture), Counterparty does not make the election provided in Section 12.04 of the Indenture and (b) be made without regard to any adjustment to the Conversion Rate for the issuance of additional shares as set forth in Section 12.03 of the Indenture.

Appears in 2 contracts

Samples: Call Option Transaction (Group 1 Automotive Inc), Call Option Transaction (Group 1 Automotive Inc)

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Consequence of Merger Events. Notwithstanding Section 9.3 of the Equity Definitions, upon the occurrence of a Merger Event, the Calculation Agent shall make a corresponding adjustment in respect of any adjustment under the Indenture to any one or more of the nature of the Shares, Strike Price, Number of Options, the Option Entitlement and any other variable relevant to the exercise, settlement or payment for the Transaction; provided provided, however that such adjustment shall (a) assume that, in the case of a "Public Acquirer Change of Control" (as defined in the Indenture), the Counterparty does not make the election provided in Section 12.04 14.07 of the Indenture and (b) be made without regard to any adjustment to the Conversion Exchange Rate for the issuance of additional shares as set forth in Section 12.03 14.01(e) of the Indenture.

Appears in 1 contract

Samples: Call Option Transaction (CSK Auto Corp)

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Consequence of Merger Events. Notwithstanding Section 9.3 of the Equity Definitions, upon the occurrence of a Merger Event, the Calculation Agent shall make a corresponding adjustment in respect of any adjustment under the Indenture to any one or more of the nature of the Shares, Strike Price, Number of Options, the Option Entitlement and any other variable relevant to the exercise, settlement or payment for the Transaction; provided however that such adjustment shall (a) assume that, in the case of a “Public Acquirer Change of Control” (as defined in the Indenture), Counterparty does not make the election provided for in Section 12.04 12.3 of the Indenture and (b) be made without regard to any adjustment to the Conversion Rate for the issuance of additional shares as set forth in Section 12.03 12.2(f) of the Indenture.

Appears in 1 contract

Samples: Call Option Transaction (Manor Care Inc)

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