Common use of Notice of Adjustments of Conversion Rate Clause in Contracts

Notice of Adjustments of Conversion Rate. Whenever the Conversion Rate for the Convertible Securities of any series is adjusted as herein provided: (1) the Company shall compute the adjusted Conversion Rate in accordance with Section 1204 and shall prepare a certificate signed by the principal accounting or financial officer of the Company setting forth the adjusted Conversion Rate and showing in reasonable detail the facts upon which such adjustment is based, and such certificate shall promptly be filed with the Trustee and with each Conversion Agent; and (2) a notice stating that the Conversion Rate has been adjusted and setting forth the adjusted Conversion Rate shall forthwith be prepared, and as soon as practicable after it is prepared, such notice shall be provided by the Company, or the Company shall cause such notice to be provided by the Trustee to, all Holders of Convertible Securities of such series in accordance with Section 106. Neither the Trustee nor any Conversion Agent shall be under any duty or responsibility with respect to any such certificate or the information and calculations contained therein, except to exhibit the same to any Holder of Convertible Securities of such series desiring inspection thereof at its office during normal business hours.

Appears in 2 contracts

Samples: Indenture (Telefonos De Mexico S a De C V), Indenture (Telefonos De Mexico S a De C V)

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Notice of Adjustments of Conversion Rate. Whenever the Conversion Rate for the Convertible Securities of any series is adjusted as herein provided: (1a) the Company shall compute the adjusted Conversion Rate in accordance with Section 1204 10.4 and shall prepare a certificate signed by the Chief Financial Officer, the principal financial officer or the principal accounting or financial officer of the Company setting forth the adjusted Conversion Rate and showing in reasonable detail the facts upon which such adjustment is based, and such certificate shall promptly be filed with the Trustee and with each the Conversion Agent; and (2b) upon each such adjustment, a notice stating that the Conversion Rate has been adjusted and setting forth the adjusted Conversion Rate shall forthwith be preparedrequired, and as soon as practicable after it is preparedrequired, such notice shall be provided by the Company, or the Company shall cause such notice to be provided by the Trustee to, all Holders of Convertible Securities of such series in accordance with Section 1061.6. Neither the Trustee nor any the Conversion Agent shall be under any duty or responsibility with respect to any such certificate or the information and calculations contained therein, except to exhibit the same to any Holder of Convertible Securities of such series desiring inspection thereof at its office during normal business hours.

Appears in 1 contract

Samples: Indenture Agreement (Protein Design Labs Inc/De)

Notice of Adjustments of Conversion Rate. Whenever the Conversion Rate for the Convertible Securities of applicable to any series of Securities is adjusted as herein provided: (1a) the Company shall compute the adjusted Conversion Rate in accordance with Section 1204 1504 and shall prepare a certificate signed by the principal accounting or financial officer Chief Financial Officer of the Company setting forth the adjusted Conversion Rate and showing in reasonable detail the facts upon which such adjustment is based, and such certificate shall forthwith promptly be filed with the Trustee and with each Conversion Agent; and (2b) a notice stating that the such Conversion Rate has been adjusted and setting forth the adjusted Conversion Rate shall forthwith be prepared, and as soon as practicable after it is prepared, such notice shall be provided by the Company, or the Company shall cause such notice to be provided by the Trustee to, all Holders of Convertible such Securities of such series in accordance with Section 106. Neither the Trustee nor any Conversion Agent shall be under any duty or responsibility with respect to any such certificate or the information and calculations contained therein, except to exhibit the same to any Holder of Convertible Securities of such series desiring inspection thereof at its office during normal business hours.

Appears in 1 contract

Samples: Indenture (Infocure Corp)

Notice of Adjustments of Conversion Rate. Whenever the Conversion Rate for the Convertible Securities of any series is adjusted as herein provided: (1a) the Company shall compute the adjusted Conversion Rate in accordance with Section 1204 12.04 and shall prepare a certificate signed by the principal accounting President, Treasurer, Chief Financial Officer or financial officer Vice President of Finance of the Company setting forth the adjusted Conversion Rate and showing in reasonable detail the facts upon which such adjustment is based, and such certificate shall promptly be filed with the Trustee and with each Conversion Agent; and (2b) a notice stating that the Conversion Rate has been adjusted and setting forth the adjusted Conversion Rate shall forthwith promptly be prepared, prepared and as soon as practicable after it is preparedthereafter, such notice shall be provided by the Company, or the Company shall cause such notice to be provided by the Trustee to, all Holders of Convertible Securities of such series in accordance with Section 1061.06. Neither the Trustee nor any Conversion Agent shall be under any duty or responsibility with respect to any such certificate or the information and calculations contained therein, except to exhibit the same to any Holder of Convertible Securities of such series desiring inspection thereof at its office during normal business hours. Unless and until the Trustee shall receive such certificate, it may assume without inquiry that the Conversion Rate has not been adjusted.

Appears in 1 contract

Samples: Indenture (Veritas Software Corp)

Notice of Adjustments of Conversion Rate. Whenever the Conversion Rate for the Convertible Securities of any series is adjusted as herein provided: : (1) the Company shall compute the adjusted Conversion Rate in accordance with Section 1204 1304 and shall prepare a certificate signed by the principal accounting or financial officer of the Company setting forth the adjusted Conversion Rate and showing in reasonable detail the facts upon which such adjustment is based, and such certificate shall promptly be filed with the Trustee and with each Conversion Agent; and and (2) a notice stating that the Conversion Rate has been adjusted and setting forth the adjusted Conversion Rate shall forthwith be prepared, and as soon as practicable after it is prepared, such notice shall be provided by the Company, or the Company shall cause such notice to be provided by the Trustee to, all Holders of Convertible Securities of such series in accordance with Section 106. Neither the Trustee nor any Conversion Agent shall be under any duty or responsibility with respect to any such certificate or the information and calculations contained therein, except to exhibit the same to any Holder of Convertible Securities of such series desiring inspection thereof at its office during normal business hours. SECTION 1306.

Appears in 1 contract

Samples: Supplemental Indenture (Proffitts Inc)

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Notice of Adjustments of Conversion Rate. Whenever the Conversion Rate for the Convertible Securities of any series is adjusted as herein provided: (1) the Company shall compute the adjusted Conversion Rate in accordance with Section 1204 1404 and shall prepare a certificate signed by the principal accounting or financial officer of the Company setting forth the adjusted Conversion Rate and showing in reasonable detail the facts upon which such adjustment is based, and such certificate shall promptly be filed with the Trustee and with each Conversion Agent; and (2) a notice stating that the Conversion Rate has been adjusted and setting forth the adjusted Conversion Rate shall forthwith be prepared, and as soon as practicable after it is prepared, such notice shall be provided by the Company, or the Company shall cause such notice to be provided by the Trustee to, all Holders of Convertible Securities of such series in accordance with Section 106. Neither the Trustee nor any Conversion Agent shall be under any duty or responsibility with respect to any such certificate or the information and calculations contained therein, except to exhibit the same to any Holder of Convertible Securities of such series 4.50% Debentures desiring inspection thereof at its office during normal business hours.

Appears in 1 contract

Samples: Supplemental Indenture (Inacom Corp)

Notice of Adjustments of Conversion Rate. Whenever the Conversion Rate for the Convertible Securities of applicable to any series of Securities is adjusted as herein provided: (1a) the Company shall compute the adjusted Conversion Rate in accordance with Section 1204 1405 and shall prepare a certificate signed by the principal accounting or financial officer Chief Financial Officer of the Company setting forth the adjusted Conversion Rate and showing in reasonable detail the facts upon which such adjustment is based, and such certificate shall forthwith promptly be filed with the Trustee and with each Conversion Agent; and (2b) a notice stating that the such Conversion Rate has been adjusted and setting forth the adjusted Conversion Rate shall forthwith be prepared, and as soon as practicable after it is prepared, such notice shall be provided by the Company, or the Company shall cause such notice to be provided by the Trustee to, all Holders of Convertible such Securities of such series in accordance with Section 106. Neither the Trustee nor any Conversion Agent shall be under any duty or responsibility with respect to any such certificate or the information and calculations contained therein, except to exhibit the same to any Holder of Convertible Securities of such series desiring inspection thereof at its office during normal business hours.

Appears in 1 contract

Samples: Indenture (King Pharmaceuticals Inc)

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