Voluntary Increase. The Company from time to time may ------------------ increase the Conversion Rate by any amount at any time for at least 20 days, so long as the increase is irrevocable during such period. Whenever the Conversion Rate is increased, the Company shall mail to 2001 Convertible Securityholders and file with the Trustee and the Conversion Agent a notice of the increase, setting forth the amount of adjustment per $1,000 aggregate principal amount at maturity (which $1,000 amount is subject to an upward adjustment) of the 2001 Convertible Securities. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Section 7.6, 7.7 or 7.8.
Appears in 2 contracts
Samples: Fourth Supplemental Indenture (CSX Corp), Fourth Supplemental Indenture (CSX Corp)
Voluntary Increase. The Company from time to time may ------------------ ------------------------------------ increase the Conversion Rate by any amount at any time for at least 20 days, so long as the increase is irrevocable during such period. Whenever the Conversion Rate is increased, the Company shall mail to 2001 Convertible Securityholders and file with the Trustee and the Conversion Agent a notice of the increase, setting forth the amount of adjustment per $1,000 aggregate principal amount at maturity (which $1,000 amount is subject to an upward adjustment) of the 2001 Convertible Securities. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Section 7.610.6, 7.7 10.7 or 7.810.8.
Appears in 1 contract
Samples: Indenture (Mirant Corp)
Voluntary Increase. The Company from time to time may ------------------ increase the Conversion Rate by any amount at and for any period of time for at least (provided, that such period shall be not less than 20 days, so long as the increase is irrevocable during such periodBusiness Days). Whenever the Conversion Rate is increased, the Company shall mail to 2001 Convertible Securityholders and file with the Trustee and the Conversion Agent a notice of the increase, setting forth the amount of adjustment per $1,000 aggregate principal amount at maturity (which $1,000 amount is subject to an upward adjustment) of the 2001 Convertible Securities. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Section 7.6Sections 10.06, 7.7 10.07 or 7.810.08.
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Voluntary Increase. The Company and the Guarantor from time to time may ------------------ increase the Conversion Rate by any amount at any time for at least 20 days, so long as the increase is irrevocable during such period. Whenever the Conversion Rate is increased, the Company and the Guarantor shall mail to 2001 Convertible Securityholders Noteholders and file with the Trustee and the Conversion Agent a notice of the increase, setting forth the amount of adjustment per $1,000 aggregate principal amount at maturity (which $1,000 amount is subject to an upward adjustment) of the 2001 Convertible Securities. The Company and the Guarantor shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Section 7.612.6, 7.7 12.7, 12.8, 12.9 or 7.812.10.
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Samples: Indenture (Bunge LTD)
Voluntary Increase. The Company from time to time may ------------------ increase the Conversion Rate by any amount at and for any period of time for at least (provided, -------- that such period shall be not less than 20 days, so long as the increase is irrevocable during such periodBusiness Days). Whenever the Conversion Rate is increased, the Company shall mail to 2001 Convertible Securityholders and file with the Trustee and the Conversion Agent a notice of the increase, setting forth the amount of adjustment per $1,000 aggregate principal amount at maturity (which $1,000 amount is subject to an upward adjustment) of the 2001 Convertible Securities. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Section 7.6Sections 11.06, 7.7 11.07 or 7.811.08.
Appears in 1 contract
Samples: Indenture (Merrill Lynch Preferred Capital Trust V)
Voluntary Increase. The Company from time to time may ------------------ increase the Conversion Rate by any amount at any time for at least 20 days, so long as the Company's Board of Directors determines that the increase would be in the Company's best interest and the increase is irrevocable during such period. Whenever the Conversion Rate is increased, the Company shall mail to 2001 Convertible Securityholders and file with the Trustee and the Conversion Agent a notice of the increase, setting forth the amount of adjustment per $1,000 aggregate principal amount at maturity (which $1,000 amount is subject to an upward adjustment) of the 2001 Convertible Securities. The Company shall mail the notice at least 15 days before the date the increased Conversion Rate takes effect. The notice shall state the increased Conversion Rate and the period it will be in effect. A voluntary increase of the Conversion Rate does not change or adjust the Conversion Rate otherwise in effect for purposes of Section 7.610.06, 7.7 10.07 or 7.810.08.
Appears in 1 contract
Samples: Indenture (Manpower Inc /Wi/)