Common use of Voluntary Adjustment Clause in Contracts

Voluntary Adjustment. The Corporate Borrower from time to time may, as the Board of Directors deems appropriate, increase the Exercise Rate by any amount for any period of time if the period is at least 20 days and if the increase is irrevocable during the period. Whenever the Exercise Rate is increased, the Corporate Borrower shall mail to the holder of this Note a notice of the increase. The Corporate Borrower shall mail the notice at least 15 days before the date the increased Exercise Rate takes effect. The notice shall state the increased Exercise Rate and the period it will be in effect. An increase of the Exercise Rate pursuant to this Section 3(h)(viii), other than an increase which the Corporate Borrower has irrevocably committed will be in effect for so long as any this Note is outstanding, does not change or adjust the Exercise Rate otherwise in effect for purposes of subsections (i), (ii) or (iii) of this Section 3(h).

Voluntary Adjustment. The Corporate Borrower from time to time may, as the Board of Directors deems appropriate, increase the Exercise Rate by any amount for any period of time if the period is at least 20 days and if the increase is irrevocable during the period. Whenever the Exercise Rate is increased, the Corporate Borrower shall mail to the holder of this Note a notice of the increase. The Corporate Borrower shall mail the notice at least 15 days before the date the increased Exercise Rate takes effect. The notice shall state the increased Exercise Rate and the period it will be in effect. An increase of the Exercise Rate pursuant to this Section 3(h)(viii), other than an increase which the Corporate Borrower has irrevocably committed will be in effect for so long as any this Note is outstanding, does not change or adjust the Exercise Rate otherwise in effect for purposes of subsections (i), (ii) or (iii) of this Section 3(h).