Upon Early Settlement of Purchase Contracts by. a Holder of the related Units, the Company shall issue, and the Holder shall be entitled to receive, 0.9954 newly issued shares of Common Stock, or 0.09954 newly issued shares of Preferred Stock, as applicable, as adjusted in the same manner and the same time as the Settlement Rate is adjusted (the “Early Settlement Rate”).
Appears in 2 contracts
Samples: Purchase Contract Agreement (PNM Resources Inc), Purchase Contract Agreement (PNM Resources Inc)
Upon Early Settlement of Purchase Contracts by. a Holder of the related Units, the Company shall issue, and the Holder shall be entitled to receive, 0.9954 newly issued 3.0084 shares of Common Stock, or 0.09954 newly issued shares of Preferred Stock, as applicable, as adjusted subject to adjustment in the same manner and at the same time as the Settlement Rate is adjusted pursuant to Section 5.5, on account of each Purchase Contract as to which Early Settlement is effected (the “"Early Settlement Rate”").
Appears in 2 contracts
Samples: Purchase Contract Agreement (Ohio Casualty Corp), Purchase Contract Agreement (Dqe Capital Corp)
Upon Early Settlement of Purchase Contracts by. a Holder of the related Units, ,the Company shall issue, and the Holder shall be entitled to receive, 0.9954 0.8675 newly issued shares of Common Stock, or 0.09954 newly issued shares of Preferred Stock, as applicable, as adjusted in the same manner and the same time as the Settlement Rate is adjusted (the “Early Settlement Rate”).
Appears in 1 contract
Upon Early Settlement of Purchase Contracts by. a Holder of the related UnitsSecurities, the Company shall issue, and the Holder shall be entitled to receive, 0.9954 newly issued 0.8170 shares of Common Stock, or 0.09954 newly issued shares Stock on account of Preferred Stock, each Purchase Contract as applicable, as to which Early Settlement is effected (the "Early Settlement Rate"). The Early Settlement Rate shall be adjusted in the same manner and at the same time as the Settlement Rate is adjusted (the “Early Settlement Rate”)adjusted.
Appears in 1 contract
Samples: Purchase Contract Agreement (Dominion Resources Inc /Va/)
Upon Early Settlement of Purchase Contracts by. a Holder of the related Units, the Company shall issue, and the Holder shall be entitled to receive, 0.9954 newly issued shares of Common Stock, or 0.09954 newly issued shares of Preferred Stock, as applicable, as adjusted in the same manner and the same time as the Settlement Rate is adjusted (the “"Early Settlement Rate”").
Appears in 1 contract
Samples: Purchase Contract Agreement (Public Service Co of New Mexico)
