Common use of Discretionary Adjustments Clause in Contracts

Discretionary Adjustments. Whenever any provision of this Supplemental Indenture requires the Company to calculate the Last Reported Sale Prices over a span of multiple days, the Company will make appropriate adjustments to account for any adjustment to the Exchange Rate that becomes effective, or any event requiring an adjustment to the Exchange Rate where the effective date, record date, Ex-Dividend Date or Offer Expiration Date of the event occurs, at any time during the period when such Last Reported Sale Prices is to be calculated.

Appears in 1 contract

Samples: First Supplemental Indenture (PennyMac Mortgage Investment Trust)

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Discretionary Adjustments. Whenever any provision of this Supplemental Indenture requires the Company to calculate the Last Reported Sale Prices for purposes of a Make-Whole Fundamental Change over a span of multiple days, the Company will make appropriate adjustments to account for any adjustment to the Exchange Conversion Rate that becomes effective, or any event requiring an adjustment to the Exchange Conversion Rate where the effective date, record date, Ex-Dividend Record Date or Offer Expiration Date of the event occurs, at any time during the period when such Last Reported Sale Prices is are to be calculated.

Appears in 1 contract

Samples: Immunogen Inc

Discretionary Adjustments. Whenever any provision of this Supplemental Indenture requires the Company to calculate the Last Reported Sale Prices over a span of multiple days, the Company will make appropriate adjustments to account for any adjustment to the Exchange Rate that becomes effective, or any event requiring an adjustment to the Exchange Rate where the effective date, record dateEffective Date, Ex-Dividend Date, Record Date or Offer Expiration Date of the event occurs, at any time during the period when such Last Reported Sale Prices is are to be calculated.

Appears in 1 contract

Samples: Indenture (Kite Realty Group Trust)

Discretionary Adjustments. Whenever any provision of this Supplemental Indenture requires the Company to calculate the Last Reported Sale Prices over a span of multiple days, the Company will make appropriate adjustments to account for any adjustment to the Exchange Conversion Rate that becomes effective, or any event requiring an adjustment to the Exchange Conversion Rate where the effective date, record dateEffective Date, Ex-Dividend Date, Record Date or Offer Expiration Date of the event occurs, at any time during the period when such Last Reported Sale Prices is are to be calculated.

Appears in 1 contract

Samples: Indenture (Braemar Hotels & Resorts Inc.)

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Discretionary Adjustments. Whenever any provision of this Supplemental Indenture requires the Company to calculate the Last Reported Sale Prices for purposes of a Make-Whole Adjustment Event or the delivery by the Company of a Redemption Notice over a span of multiple days, the Company will make appropriate adjustments to account for any adjustment to the Exchange Conversion Rate that becomes effective, or any event requiring an adjustment to the Exchange Conversion Rate where the effective date, record date, Ex-Dividend Record Date or Offer Expiration Date of the event occurs, at any time during the period when such Last Reported Sale Prices is are to be calculated.

Appears in 1 contract

Samples: Indenture (Protalix BioTherapeutics, Inc.)

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