Voluntary Increases. In addition to those adjustments required by clauses (a), (b), (c), (d) and (e) of this Section 12.05, and to the extent permitted by applicable law and any applicable securities exchange rules, from time to time, the Company may (but is not required to) increase the Conversion Rate of the Notes by any amount for a period of at least 20 Business Days (i) if the Board of Directors determines that such increase would be in the best interest of the Company or (ii) to avoid or diminish income tax to holders of Common Units or rights to purchase Common Units in connection with a dividend or distribution of units (or rights to acquire units) or a similar event. The Company will give the Trustee and the Holders at least 15 days’ notice of any such increase.
Appears in 4 contracts
Samples: Nextera Energy Partners, Lp, Nextera Energy Partners, Lp, NextEra Energy Partners, LP