Common use of Simultaneous Adjustments Clause in Contracts

Simultaneous Adjustments. In the event that this Article 10 requires adjustments to the Conversion Price under more than one of Sections 10.06(c) and (d), and the record dates for the distributions giving rise to such adjustments shall occur on the same date, then such adjustments shall be made by applying, first, the provisions of Section 10.06(d), as applicable, and, second, the provisions of Section 10.06(c). If more than one event requiring adjustment pursuant to Section 10.06 shall occur before completing the determination of the Conversion Price for the first event requiring such adjustment, then the Board of Directors (whose determination shall, if made in good faith, be conclusive) shall make such adjustments to the Conversion Price (and the calculation thereof) after giving effect to all such events as shall preserve for Holders the Conversion Price protection provided in Section 10.06.

Appears in 3 contracts

Samples: Indenture (Kaydon Corp), Indenture (LNR Property Corp), Indenture (Kaydon Corp)

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Simultaneous Adjustments. In the event that this Article 10 XII requires adjustments to the Conversion Price under more than one of Sections 10.06(c12.5(1) and (d3), and the record dates for the distributions giving rise to such adjustments shall occur on the same date, then such adjustments shall be made by applying, first, the provisions of Section 10.06(d12.5(3), as applicable, and, second, the provisions of Section 10.06(c12.5(1). If more than one event requiring adjustment pursuant to Section 10.06 12.5 shall occur before completing the determination of the Conversion Price for the first event requiring such adjustment, then the Board of Directors (whose determination shall, if made in good faith, be conclusive) shall make such adjustments to the Conversion Price (and the calculation thereof) after giving effect to all such events as shall preserve for Holders the Conversion Price protection provided in Section 10.0612.5.

Appears in 3 contracts

Samples: Indenture (Alesco Financial Inc), Indenture (Privatebancorp, Inc), Indenture (Oil States International Inc)

Simultaneous Adjustments. In the event that this Article 10 X requires adjustments to the Conversion Price under more than one of Sections 10.06(c), (d) and (de), and the record dates for the distributions giving rise to such adjustments shall occur on the same date, then such adjustments shall be made by applying, first, the provisions of Section 10.06(d) or (e), as applicable, and, second, the provisions of Section 10.06(c). If more than one event requiring adjustment pursuant to Section 10.06 shall occur before completing the determination of the Conversion Price for the first event requiring such adjustment, then the Board of Directors (whose determination shall, if made in good faith, be conclusive) shall make such adjustments to the Conversion Price (and the calculation thereof) after giving effect to all such events as shall preserve for Holders Securityholders the Conversion Price protection provided in Section 10.06.

Appears in 2 contracts

Samples: Indenture (Yellow Corp), Indenture (Kv Pharmaceutical Co /De/)

Simultaneous Adjustments. In the event that this Article 10 requires adjustments to the Conversion Price under more than one of Sections 10.06(c) and (d), ) and the record dates for the distributions giving rise to such adjustments shall occur on the same date, then such adjustments shall be made by applying, first, the provisions of Section 10.06(d), as applicable, ) and, second, the provisions of Section 10.06(c). If more than one event requiring adjustment pursuant to Section 10.06 shall occur before completing the determination of the Conversion Price for the first event requiring such adjustment, then the Board of Directors (whose determination shall, if made in good faith, be conclusive) shall make such adjustments to the Conversion Price (and the calculation thereof) after giving effect to all such events as shall preserve for Holders Securityholders the Conversion Price protection provided in Section 10.06.

Appears in 2 contracts

Samples: Indenture (Murco Drilling Corp), Indenture (Grey Wolf Inc)

Simultaneous Adjustments. In the event that this Article 10 12 requires adjustments to the Conversion Price under more than one of Sections 10.06(c12.06(a) and (dc), and the record dates for the distributions giving rise to such adjustments shall occur on the same date, then such adjustments shall be made by applying, first, the provisions of Section 10.06(d12.06(c), as applicable, and, second, the provisions of Section 10.06(c12.06(a). If more than one event requiring adjustment pursuant to Section 10.06 12.06 shall occur before completing the determination of the Conversion Price for the first event requiring such adjustment, then the Board of Directors (whose determination shall, if made in good faith, be conclusive) shall make such adjustments to the Conversion Price (and the calculation thereof) after giving effect to all such events as shall preserve for Holders the Conversion Price protection provided in Section 10.0612.06.

Appears in 1 contract

Samples: Indenture (Watermark Realty Inc)

Simultaneous Adjustments. In the event that this Article 10 requires adjustments to the Conversion Price under more than one of Sections 10.06(c), (d), (e) and (df), and the record dates for the distributions giving rise to such adjustments shall occur on the same date, then such adjustments shall be made by applying, first, the provisions of Section 10.06(d), (e) or (f), as applicable, and, second, the provisions of Section 10.06(c). If more than one event requiring adjustment pursuant to Section 10.06 shall occur before completing the determination of the Conversion Price for the first event requiring such adjustment, then the Board of Directors (whose determination shall, if made in good faith, be conclusive) shall make such adjustments to the Conversion Price (and the calculation thereof) after giving effect to all such events as shall preserve for Holders Securityholders the Conversion Price protection provided in Section 10.06.

Appears in 1 contract

Samples: Indenture (Medicis Pharmaceutical Corp)

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Simultaneous Adjustments. In the event that this Article 10 requires adjustments to the Conversion Price under more than one of Sections 10.06(c10.05(a) and (dc), and the record dates for the distributions giving rise to such adjustments shall occur on the same date, then such adjustments shall be made by applying, first, the provisions of Section 10.06(d10.05(c), as applicable, and, second, the provisions of Section 10.06(c10.05(a). If more than one event requiring adjustment pursuant to Section 10.06 10.05 shall occur before completing the determination of the Conversion Price for the first event requiring such adjustment, then the Board of Directors (whose determination shall, if made in good faith, be conclusive) shall make such adjustments to the Conversion Price (and the calculation thereof) after giving effect to all such events as shall preserve for Holders the Conversion Price protection provided in Section 10.0610.05.

Appears in 1 contract

Samples: Indenture (Magnum Hunter Resources Inc)

Simultaneous Adjustments. In the event that this Article 10 requires adjustments to the Conversion Price under more than one of Sections 10.06(c10.05(a) and (dc), and the record dates for the distributions giving rise to such adjustments shall occur on the same date, then such adjustments shall be made by applying, first, the provisions of Section 10.06(d10.05(c), as applicable, and, second, the provisions of Section 10.06(c10.05(a). If more than one event requiring adjustment pursuant to Section 10.06 10.05 shall occur before completing the determination of the Conversion Price for the first event requiring such adjustment, then the Parent’s Board of Directors (whose determination shall, if made in good faith, be conclusive) shall make such adjustments to the Conversion Price (and the calculation thereof) after giving effect to all such events as shall preserve for Holders the Conversion Price protection provided in Section 10.0610.05.

Appears in 1 contract

Samples: Indenture (Harrahs Entertainment Inc)

Simultaneous Adjustments. In the event that this Article 10 VIII requires adjustments to the Conversion Price under more than one of Sections 10.06(cSection 8.5(1) and (dSection 8.5(3), and the record dates for the distributions giving rise to such adjustments shall occur on the same date, then such adjustments shall be made by applying, first, the provisions of Section 10.06(d8.5(3), as applicable, and, second, the provisions of Section 10.06(c8.5(1). If more than one event requiring adjustment pursuant to Section 10.06 8.5 shall occur before completing the determination of the Conversion Price for the first event requiring such adjustment, then the Board of Directors (whose determination shall, if made in good faith, be conclusive) shall make such adjustments to the Conversion Price (and the calculation thereof) after giving effect to all such events as shall preserve for Holders the Conversion Price protection provided in Section 10.068.5.

Appears in 1 contract

Samples: First Supplemental Indenture (Franklin Bank Corp)

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