Repricing Sample Clauses
A repricing clause allows for the adjustment of prices specified in a contract under certain conditions, such as changes in market rates, costs of materials, or regulatory requirements. Typically, this clause outlines the circumstances that trigger a price review, the process for determining new prices, and any limitations or notice requirements involved. Its core practical function is to provide flexibility and fairness to both parties by ensuring that contract prices remain reasonable and reflective of current conditions, thereby mitigating the risk of financial imbalance due to unforeseen changes.
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Repricing. The BENEFICIARY hereby agrees that the present contract will be repriced at the end of the 48th [forty eighth] month from the date hereof, being the spread increased from 3.8% to 5.8%, applied in accordance with the terms of Articles Four and Five, having the BENEFICIARY the option to anticipate the contract settlement at that time.
Repricing. There will be three "Reset Periods" per tranche. Each Reset Period will consist of 30 calendar days. The first Reset Period for the Initial Shares will expire on the 30th calendar day after the Effective Date and will cover 34% of the Initial Shares. The second and third Reset Period for the Initial Shares will expire on the 30th and 60th calendar day respectively after the expiration of the first Reset Period for the Initial Shares, each for 33% of the Initial Shares. The first Reset Period for the Secondary Shares will expire on the 30th calendar day after the Closing Date for the Secondary Shares and will cover 34% of the Secondary Shares. The second and third Reset Periods for the Secondary Shares will expire on the 30th and 60th calendar day respectively after the expiration of the first Reset Period for the Secondary Shares, each for 33% of the Secondary Shares. The first Reset Period for the Tertiary Shares will expire on the 30th calendar day after the Closing Date for the Tertiary Shares and will cover 34% of the Tertiary Shares. The second and third Reset Periods for the Tertiary Shares will expire on the 30th and 60th calendar day respectively after the expiration of the first Reset Period for the Tertiary Shares, each for 33% of the Tertiary Shares. For each Reset Period, the "Reset Price" shall be equal to the average of the Bid Prices during the Trading Days during such period. The number of shares of Common Stock (the "Reset Shares") to be issued upon the expiration of each Reset Period shall be calculated by the following formula: ((# of shares subject to repricing as set forth above) x (Purchase Price of shares subject to repricing x 117.5% - Reset Price)) / Reset Price Upon the expiration of each Reset Period the Company agrees to issue that number of Reset Shares (if any) resulting from the above formula. Such shares shall be delivered within five Business Days following the expiration of the applicable Reset Period. In the event that the Company does not deliver unlegended Reset Shares within five (5) Business Days after the expiration of a Reset Period (if so required pursuant to the terms herein), the Company shall pay to the Investor(s), in immediately available funds, upon demand, as liquidated damages for such failure and not as a penalty, one quarter of one percent of the value of the Reset Shares undelivered (based upon the Bid Price of the Common Stock on the Receipt Date) for every day thereafter for the first ten calendar days...
Repricing. There will be no repricing of the Debentures.
Repricing. Pricing amendments to these Options will only be permitted to the extent necessary to comply with the provisions of Paragraph 11.
Repricing. The Committee shall not, without the further approval of the Board of Directors, (i) authorize the amendment of this Option to reduce the Exercise Price of this Option or (ii) grant a replacement Option upon the surrender and cancellation of this Option for the purpose of reducing the Exercise Price of this Option. Nothing contained in this section shall affect the right of the Committee to make any adjustment permitted under Paragraph 11.
Repricing. Subject to Section 12.2, the Administrator shall not, without the approval of the stockholders of the Company, (a) authorize the amendment of any outstanding Option or Stock Appreciation Right to reduce its price per Share, or (b) cancel any Option or Stock Appreciation Right in exchange for cash or another Award when the Option or Stock Appreciation Right price per Share exceeds the Fair Market Value of the underlying Shares.
Repricing. There will be a $500.00 per day minimum fee/rerun charge when the nightly processing has to be repeated due to incorrect NAV or dividend information received from the Portfolio Pricing Agent due to incorrect or untimely information provided by an Advisor or its Agent.
Repricing. The Plan prohibits any repricing, replacement, re-grant or modification of Options or SARs that would reduce the exercise price of the Options or SARs without shareholder approval, other than in connection with a change in our capitalization or certain corporate transactions, as described above under the heading “Adjustment of Plan Shares.” The Plan will continue until May 23, 2022. Unless earlier terminated by the Board or Compensation Committee, the Plan will terminate on May 23, 2022, which is five years after the date of the Plan’s approval by our shareholders. Termination of the Plan will not affect any Awards granted under the Plan prior to such termination. The Board or Compensation Committee may, at any time and for any reason, suspend or terminate the Plan or, from time to time, amend the Plan, provided that any amendment must be submitted to our shareholders for approval if required by federal or state law or regulation or by the Nasdaq Rules. In the event that the Plan is suspended or terminated, the Compensation Committee may contribute to exercise the powers given to it under the Plan with respect to awards granted prior to such suspension or termination.
Repricing. If the Purchase Price of a Purchased Security is to be changed pursuant to the terms hereof, then as of the date on which such Purchase Price is to be changed (each, a "Repricing Date"), (i) the Repurchase Date with respect to the applicable Purchased Security will be accelerated automatically to the Repricing Date, (ii) the Repurchase Price and any other amounts owed by Seller with respect to such Transaction (excluding accrued Price Differential not yet due) shall be due and payable, (iii) Buyer shall be obligated to purchase such Purchased Security as a new Transaction at the new Purchase Price, and (iv) the amounts owing pursuant to subparagraphs (ii) and (iii) of this Section 6 shall be offset and any net amount shall be due and payable by Buyer or Seller, as applicable.
Repricing. There will be a $500.00 per day minimum fee/rerun charge when the nightly processing has to be repeated due to incorrect NAV or dividend information received from the Portfolio Pricing Agent due to incorrect or untimely information provided by an Advisor or its Agent. Huntington Asset Services, Inc. B▇▇▇▇▇▇, ▇▇▇▇▇▇ & S▇▇▇▇▇▇, Inc.- 21
I. Fees (as defined in the General Description of Fund Accounting Services) [1][2][3]
