Common use of Floor Price Clause in Contracts

Floor Price. Neither BNYMCM nor the Forward Seller shall sell Issuance Shares or Forward Hedge Shares, as the case may be, below the Floor Price during any Selling Period. The Floor Price specified in any Transaction Notice may be adjusted by the Company at any time during any Selling Period upon notice to BNYMCM and confirmation to the Company.

Appears in 3 contracts

Samples: Sales Agency Financing Agreement, Sales Agency Financing Agreement (Westar Energy Inc /Ks), Sales Agency Financing Agreement (Westar Energy Inc /Ks)

AutoNDA by SimpleDocs

Floor Price. Neither BNYMCM nor the Forward Seller shall sell Issuance Shares or Forward Hedge Shares, as the case may be, below the Floor Price during any the applicable Selling Period. The , and, subject to clause (iii) of the proviso to the last sentence of Section 2.3(a), such Floor Price specified in any Transaction Notice may be adjusted by the Company at any time during any the applicable Selling Period upon notice to BNYMCM or the Forward Seller and confirmation by BNYMCM or the Forward Seller to the Company.

Appears in 3 contracts

Samples: Sales Agency Financing Agreement (DDR Corp), Sales Agency Financing Agreement (DDR Corp), Sales Agency Financing Agreement (DDR Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!