Common use of Voluntary Increase Clause in Contracts

Voluntary Increase. The Company from time to time may ------------------ increase the Conversion Rate by any amount and for any period of time (provided, -------- that such period is not less than 20 Business Days). Whenever the Conversion Rate is increased, the Company shall mail to Securityholders and file with the Trustee and the Conversion Agent a notice of the increase. 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 Sections 11.06, 11.07 or 11.08.

Appears in 1 contract

Samples: Indenture (Times Mirror Co /New/)

AutoNDA by SimpleDocs

Voluntary Increase. The Company from time to time may ------------------ increase the Conversion Rate by any amount and for any period of time (provided, -------- time; PROVIDED that such period is not less than 20 Business Days). Whenever the Conversion Rate is increased, the Company shall mail to Securityholders Holders and file with the Trustee and the Conversion Agent a notice of the increase. 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 Sections 11.061506, 11.07 1507 or 11.081508.

Appears in 1 contract

Samples: Pride International Inc

Voluntary Increase. The Company from time to time may ------------------ increase the Conversion Rate by any amount and for any period of time (provided, -------- time; PROVIDED that such period is not less than 20 Business Days). Whenever the Conversion Rate is increased, the Company shall mail to Securityholders Holders and file with the Trustee and the Conversion Agent a notice of the increase. 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 Sections 11.06Section 1506, 11.07 1507 or 11.081508.

Appears in 1 contract

Samples: Pride International Inc

Voluntary Increase. The Company from time to time may ------------------ ------------------------------------ increase the Conversion Rate by any amount and at any time for any period of time (providedat least 20 days, -------- that so long as the increase is irrevocable during such period is not less than 20 Business Days)period. Whenever the Conversion Rate is increased, the Company shall mail to Securityholders and file with the Trustee and the Conversion Agent a notice of the increase. 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 Sections 11.06Section 10.6, 11.07 10.7 or 11.0810.8.

Appears in 1 contract

Samples: Indenture (Mirant Corp)

Voluntary Increase. The Company from time to time may ------------------ increase the Conversion Rate by any amount and for any period of time (provided, -------- that such period is shall be not less than 20 Business Days). Whenever the Conversion Rate is increased, the Company shall mail to Securityholders and file with the Trustee and the Conversion Agent a notice of the increase. 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 Sections 11.06, 11.07 or 11.08.

Appears in 1 contract

Samples: Merrill Lynch Preferred Capital Trust V

AutoNDA by SimpleDocs

Voluntary Increase. The Company from time to time may ------------------ ------------------- increase the Conversion Rate by any amount and for any period of time (provided, provided -------- that such period is not less than 20 Business Days). Whenever the Conversion Rate is increased, the Company shall mail to Securityholders Holders and file with the Trustee and the Conversion Agent a notice of the increase. 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 Sections 11.0613.06, 11.07 13.07 or 11.0813.08.

Appears in 1 contract

Samples: Xerox Corp

Voluntary Increase. The Company from time to time may ------------------ increase the Conversion Rate by any amount and for any period of time (provided, provided -------- that such period is not less than 20 Business Days). Whenever the Conversion Rate is increased, the Company shall mail to Securityholders and file with the Trustee and the Conversion Agent a notice of the increase. 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 Sections 11.0610.06, 11.07 10.07 or 11.0810.08.

Appears in 1 contract

Samples: Indenture (Hewlett Packard Co)

Voluntary Increase. The Company from time to time may ------------------ increase the Conversion Rate by any amount and for any period of time (provided, -------- that such period is shall be not less than 20 Business Days). Whenever the Conversion Rate is increased, the Company shall mail to Securityholders and file with the Trustee and the Conversion Agent a notice of the increase. 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 Sections 11.0610.06, 11.07 10.07 or 11.0810.08.

Appears in 1 contract

Samples: Merrill Lynch Preferred Funding Vi L P

Time is Money Join Law Insider Premium to draft better contracts faster.