Effect of Adjustment of the Conversion Prices Sample Clauses

Effect of Adjustment of the Conversion Prices. In the event that either the OII Common Stock Conversion Price or the OII Preferred Stock Conversion Price is adjusted pursuant to Section 3.5(d)(iii) or Section 3.5(d)(iv), respectively, the number of shares of OII Common Stock or OII Preferred Stock that OptiMark shall be required to cause OptiMark, Inc. deliver to Softbank on the Maturity Date pursuant to Section 3.5(a) shall be adjusted as follows:
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Effect of Adjustment of the Conversion Prices. In the event that either the OII Common Stock Conversion Price or the OII Preferred Stock Conversion Price is adjusted pursuant to Section 3.5(d)(iii) or Section 3.5(d)(iv), respectively, the number of shares of OII Common Stock by which OptiMark's right to reacquire shall decrease pursuant to Section 3.5(a)(ii) OII Common Stock or OII Preferred Stock that OptiMark shall be required to cause OptiMark, Inc. deliver to Softbank on the Maturity Date pursuant to Section 3.5(a)(i), as applicable, shall be adjusted as follows: (1) the number of shares of OII Common Stock by which OptiMark's right to reacquire shall decrease pursuant to Section 3.5(a)(ii) shall be equal to US $50,000 divided by the OII Common Stock Conversion Price in effect on the Maturity Date; and (2) the number of shares of OII Preferred Stock to be delivered to Softbank pursuant to Section 3.5(a)(i) shall be equal to US $890,000 divided by the OII Preferred Stock Conversion Price in effect on the Maturity Date, provided, however, in no event shall OptiMark be required to cause OptiMark, Inc. to deliver to Softbank more shares of OII Preferred Stock than are owned by OptiMark, Inc. on the Closing Date (subject to adjustment for stock splits, reverse splits, stock dividends and similar events).
Sample 1

Related to Effect of Adjustment of the Conversion Prices

  • Effect of Adjustments Unless the Company shall have exercised its election as provided in Section 11.9, upon each adjustment of the Purchase Price as a result of the calculations made in Sections 11.2 and 11.3, each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of one one-hundredths of a Preferred Share (calculated to the nearest one-hundred thousandth of a Preferred Share) obtained by (i) multiplying (x) the number of one one-hundredths of a Preferred Share covered by a Right immediately prior to this adjustment by (y) the Purchase Price in effect immediately prior to such adjustment of the Purchase Price and (ii) dividing the product so obtained by the Purchase Price in effect immediately after such adjustment of the Purchase Price.

  • Notice of Adjustments of Conversion Rate Whenever the Conversion Rate is adjusted as herein provided:

  • Notice of Adjustments of Conversion Price Whenever the conversion price is adjusted as herein provided:

  • 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:

  • Adjustment of Conversion Price Upon Issuance of Additional Shares of Common Stock In the event the Corporation shall at any time after the Series A-2 Original Issue Date issue Additional Shares of Common Stock (including Additional Shares of Common Stock deemed to be issued pursuant to Subsection 5.4.3), without consideration or for a consideration per share less than the Conversion Price applicable to a series of Preferred Stock in effect immediately prior to such issuance or deemed issuance, then such Conversion Price shall be reduced, concurrently with such issue, to a price (calculated to the nearest one-hundredth of a cent) determined in accordance with the following formula: CP2 = CP1 x (A + B) ÷ (A + C). For purposes of the foregoing formula, the following definitions shall apply:

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

  • Certificate of Adjustments Upon each adjustment of the Exercise Price and/or Exercise Shares, the Company shall promptly notify the Holder in writing and furnish the Holder with a certificate of its Chief Financial Officer setting forth such adjustment and the facts upon which such adjustment is based.

  • 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.

  • Conversion Price Adjustments The conversion price shall be subject to adjustment (without duplication) from time to time as follows:

  • Notification of Adjustments With respect to each Adjustable Rate Mortgage Loan, the Servicer shall adjust the Mortgage Interest Rate on the related interest rate adjustment date and shall adjust the Monthly Payment on the related mortgage payment adjustment date, if applicable, in compliance with the requirements of applicable law and the related Mortgage and Mortgage Note. The Servicer shall execute and deliver any and all necessary notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the Mortgage Interest Rate and Monthly Payment adjustments. The Servicer shall promptly, upon written request therefor, deliver to the Master Servicer such notifications and any additional applicable data regarding such adjustments and the methods used to calculate and implement such adjustments. Upon the discovery by the Servicer or the receipt of notice from the Master Servicer that the Servicer has failed to adjust a Mortgage Interest Rate or Monthly Payment in accordance with the terms of the related Mortgage Note, the Servicer shall immediately deposit in the Custodial Account from its own funds the amount of any interest loss or deferral caused thereby.

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