Common use of Voluntary Adjustment Clause in Contracts

Voluntary Adjustment. The Company at any time may reduce the conversion price or increase the conversion rate, temporarily or otherwise, by any amount but in no event shall such adjusted conversion price or conversion rate result in shares of Parent Stock being issuable upon conversion of the Securities if converted at the time of such adjustment at an effective conversion price per share less than the par value of the Parent Stock at the time such adjustment is made. A voluntary adjustment of the conversion price or conversion rate pursuant to this Section 10.10 does not change or adjust the conversion price or conversion rate otherwise in effect for purposes of Section 10.07, 10.08 or 10.

Appears in 4 contracts

Samples: Indenture (Tele Communications Inc /Co/), Indenture (Tci Communications Inc), Indenture (Tele Communications Inc /Co/)

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Voluntary Adjustment. The Company at any time may reduce the conversion price or increase the conversion rate, temporarily or otherwise, by any amount but in no event shall such adjusted conversion price or conversion rate result in shares of Parent Stock being issuable upon conversion of the Securities if converted at the time of such adjustment at an effective conversion price per share less than the par value of the Parent Stock at the time such adjustment is made. A voluntary adjustment of the conversion price or conversion rate pursuant to this Section 10.10 11.10 does not change or adjust the conversion price or conversion rate otherwise in effect for purposes of Section 10.0711.07, 10.08 11.08 or 1011.

Appears in 2 contracts

Samples: Indenture (Tele Communications Inc /Co/), Indenture (Tele Communications Inc /Co/)

Voluntary Adjustment. The Company at any time may reduce the conversion price or increase the conversion rate, temporarily or otherwise, by any amount but in no event shall such adjusted conversion price or conversion rate result in shares of Parent Stock being issuable upon conversion of the Securities if converted at the time of such adjustment at an effective conversion price per share less than the par value of the Parent Stock at the time such adjustment is made. A voluntary adjustment of the conversion price or conversion rate pursuant to this Section 10.10 does not change or adjust the conversion price or conversion rate otherwise in effect for purposes of Section 10.07, 10.08 or 10.40

Appears in 2 contracts

Samples: Indenture (Tele Communications Inc /Co/), Indenture (Tele Communications Inc /Co/)

Voluntary Adjustment. The Company at any time may reduce the conversion price or increase the conversion rate, temporarily or otherwise, by any amount but in no event shall such adjusted conversion price or conversion rate result in shares of Parent Company Stock being issuable upon conversion of the Securities if converted at the time of such adjustment at an effective conversion price per share less than the par value of the Parent Company Stock at the time such adjustment is made. A voluntary adjustment of the conversion price or conversion rate pursuant to this Section 10.10 does not change or adjust the conversion price or conversion rate otherwise in effect for purposes of Section 10.07, 10.08 or 10.

Appears in 2 contracts

Samples: Indenture (Tele Communications Inc /Co/), Indenture (Tele Communications Inc /Co/)

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Voluntary Adjustment. The Company at any time may reduce the conversion price or increase the conversion rate, temporarily or otherwise, by any amount but in no event shall such adjusted conversion price or conversion rate result in shares of Parent Company Stock being issuable upon conversion of the Securities if converted at the time of such adjustment at an effective conversion price per share less than the par value of the Parent Company Stock at the time such adjustment is made. A voluntary adjustment of the conversion price or conversion rate pursuant to this Section 10.10 11.10 does not change or adjust the conversion price or conversion rate otherwise in effect for purposes of Section 10.0711.07, 10.08 11.08 or 1011.

Appears in 1 contract

Samples: Indenture (Tele Communications Inc /Co/)

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