Common use of When Adjustment May Be Deferred Clause in Contracts

When Adjustment May Be Deferred. No adjustment in the Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% of the Conversion Rate. Any adjustments that are less than 1% of the Conversion Rate will be carried forward and taken into account in determining any subsequent adjustment. In addition, the Company shall make any carry forward adjustments not otherwise effected on each anniversary of the date hereof, upon conversion of any Note, upon required repurchases of the Notes pursuant to Section 3.01, and on the Maturity Date.

Appears in 3 contracts

Samples: Indenture (Millennium Pharmaceuticals Inc), Indenture (Millennium Pharmaceuticals Inc), Indenture (SAVVIS, Inc.)

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When Adjustment May Be Deferred. No adjustment in the Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% of the Conversion Rate. Any adjustments that are less than 1% of the Conversion Rate will shall be carried forward and taken into account in determining any subsequent adjustment. In addition, the Company shall make any carry forward adjustments not otherwise effected on each anniversary upon notice of a required purchase of the date hereof, upon conversion of any Note, upon required repurchases of the Notes notes pursuant to Section 3.01, and on the Maturity DateJanuary 1, 2014.

Appears in 2 contracts

Samples: Indenture (Sun Microsystems, Inc.), Indenture (Sun Microsystems, Inc.)

When Adjustment May Be Deferred. No adjustment in the Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% of the applicable Conversion Rate. Any adjustments that are less than not made because the adjustment does not change the applicable Conversion Rate by 1% of the Conversion Rate will or more (after giving effect to an adjustment not previously made but carried forward pursuant to this sentence) shall be carried forward and taken into account in determining any subsequent future adjustment. In additionNotwithstanding the foregoing, the Company shall make any carry all such carried forward adjustments not otherwise effected shall be made with respect to the affected Notes on each anniversary of any Conversion Date with respect to the date hereof, upon conversion of any Note, upon required repurchases of the Notes pursuant to Section 3.01, and on the Maturity DateNotes.

Appears in 2 contracts

Samples: Second Supplemental Indenture (Mgic Investment Corp), Supplemental Indenture (Mgic Investment Corp)

When Adjustment May Be Deferred. No adjustment in the Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% of the Conversion Rate. Any adjustments that are less than 1% of the Conversion Rate will shall be carried forward and taken into account in determining any subsequent adjustment. In addition, the Company shall make any carry forward adjustments not otherwise effected on each anniversary upon notice of a required purchase of the date hereof, upon conversion of any Note, upon required repurchases of the Notes notes pursuant to Section 3.01, and on the Maturity DateJanuary 1, 2012.

Appears in 1 contract

Samples: Indenture (Sun Microsystems, Inc.)

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When Adjustment May Be Deferred. No adjustment in the Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% of the Conversion Rate. Any adjustments that are less than 1% of the Conversion Rate will shall be carried forward and taken into account in determining any subsequent adjustment. In addition, the Company shall make any carry forward adjustments not otherwise effected on each anniversary upon required purchase of the date hereof, upon conversion of any Note, upon required repurchases of the Notes notes pursuant to Section 3.01, and on the Maturity DateApril 5, 2013.

Appears in 1 contract

Samples: Indenture (Symantec Corp)

When Adjustment May Be Deferred. No adjustment in the Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% of the Conversion Rate. Any adjustments that are less than 1% of the Conversion Rate will shall be carried forward and taken into account in determining any subsequent adjustment. In addition, the Company shall make any carry forward adjustments not otherwise effected on each anniversary upon required purchase of the date hereof, upon conversion of any Note, upon required repurchases of the Notes notes pursuant to Section 3.01, and on the Maturity DateApril 5, 2011.

Appears in 1 contract

Samples: Indenture (Symantec Corp)

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