Common use of Upward Adjustment Clause in Contracts

Upward Adjustment. No adjustment involving an increase in the Conversion Share Price will be made, except in the case of a consolidation, subdivision or reclassification of the Shares as referred to in Section 4.1.1, or to correct an error.

Appears in 3 contracts

Samples: Convertible Note Purchase Agreement (NaaS Technology Inc.), Convertible Note Purchase Agreement (NaaS Technology Inc.), Convertible Note Purchase Agreement (iClick Interactive Asia Group LTD)

AutoNDA by SimpleDocs

Upward Adjustment. No adjustment involving an increase in the Conversion Share Price will be made, except in the case of a consolidation, subdivision consolidation or reclassification re-classification of the Ordinary Shares as referred to in Section 4.1.14(b)(i) above, or to correct an errorwhere there has been a manifest error in the calculation of the Conversion Price.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (21Vianet Group, Inc.)

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