Common use of Whenever the Conversion Clause in Contracts

Whenever the Conversion. Price of any series is adjusted, as herein provided, the Guarantor shall promptly file with the Trustee and with the Conversion Agent a certificate of the Chief Financial Officer or Treasurer of the Guarantor setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment and a computation thereof. Such certificate shall be conclusive evidence of the correctness of such adjustment. Neither the Trustee nor any Conversion Agent shall be under any duty or responsibility with respect to any such certificate or any facts or computations set forth therein, except to exhibit said certificate from time to time to any Holder of Securities desiring to inspect the same. The Trustee, at the expense of the Guarantor, shall cause notice setting forth the Conversion Price to be mailed, first-class postage prepaid, to each Holder of Securities of such series at the address of such Holder as it appears in the Register or in such other manner as shall be specified pursuant to Section 2.6 for Securities of such series.

Appears in 4 contracts

Samples: Subordinated Debt Indenture (Ahold Finance Usa Inc), Subordinated Debt Indenture (Royal Ahold), Indenture (Ahold Finance Usa Inc)

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Whenever the Conversion. Price of any series is adjusted, as herein provided, the Guarantor Issuer shall promptly file with the Trustee and with the Conversion Agent a certificate of the Chief Financial Officer or Treasurer of the Guarantor Issuer setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment and a computation thereof. Such certificate shall be conclusive evidence of the correctness of such adjustment. Neither the Trustee nor any Conversion Agent shall be under any duty or responsibility with respect to any such certificate or any facts or computations set forth therein, except to exhibit said certificate from time to time to any Holder of Securities desiring to inspect the same. The Trustee, at the expense of the GuarantorIssuer, shall cause notice setting forth the Conversion Price to be mailed, first-class postage prepaid, to each Holder of Securities of such series at the address of such Holder as it appears in the Register or in such other manner as shall be specified pursuant to Section 2.6 2.5 for Securities of such series.

Appears in 1 contract

Samples: Indenture (Ahold Finance Usa Inc)

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