Common use of Voluntary Adjustment Clause in Contracts

Voluntary Adjustment. The Company at any time may increase the Conversion Rate, temporarily or otherwise, by any amount but in no event shall such Conversion Rate result in the issuance of Capital Stock at a price less than the par value of such Capital Stock at the time such increase is made.

Appears in 10 contracts

Samples: Indenture (Western Resources Inc /Ks), Indenture (Atlas Air Capital Iii), Indenture (East West Bancorp Capital Trust I)

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Voluntary Adjustment. The Company at any time may increase the Conversion Rateconversion rate, temporarily or otherwise, by any amount but in no event shall such Conversion Rate conversion rate result in the issuance of Capital Common Stock at a price less than the par value of such Capital the Common Stock at the time such increase is made.

Appears in 2 contracts

Samples: Indenture (Continental Homes Holding Corp), Indenture (Continental Homes Holding Corp)

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