Common use of Limitation on Adjustments Clause in Contracts

Limitation on Adjustments. The Company shall not take any action that would result in an adjustment pursuant to the foregoing provisions in this Article XIII if that adjustment would reduce the Conversion Price below the then par value of the shares of Common Stock issuable upon conversion of the Notes.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Prospect Global Resources Inc.), Securities Purchase Agreement (Prospect Global Resources Inc.), Securities Purchase Agreement (Prospect Global Resources Inc.)

AutoNDA by SimpleDocs

Limitation on Adjustments. The Company shall not take any action that would result in an adjustment pursuant to the foregoing provisions in this Article XIII 10 if that adjustment would reduce the Conversion Price below the then par value of the shares of Common Stock issuable upon conversion of the NotesSecurities.

Appears in 2 contracts

Samples: Indenture (American Realty Capital Properties, Inc.), Indenture (CapLease, Inc.)

Limitation on Adjustments. The Company shall not take any action that would result in an adjustment pursuant to the foregoing provisions in this Article XIII V if that adjustment would reduce the Conversion Price below the then par value of the shares of Common Stock issuable upon conversion of the Notes.

Appears in 2 contracts

Samples: Second Supplemental Indenture (Great Atlantic & Pacific Tea Co Inc), Supplemental Indenture (Great Atlantic & Pacific Tea Co Inc)

AutoNDA by SimpleDocs

Limitation on Adjustments. The Company shall not take any action that would result in an adjustment pursuant to the foregoing provisions in this Article XIII 9 if that adjustment would reduce the Conversion Price below the then par value of the shares of Common Stock issuable upon conversion of the NotesSecurities.

Appears in 1 contract

Samples: Indenture (Saks Inc)

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