Examples of Incremental Share Factor in a sentence
For purposes of this Section 4.06, each adjustment event that applies to the Base Conversion Rate shall also be applied to the Incremental Share Factor in the same manner, and all other references to Base Conversion Rate shall be deemed to refer to both the Base Conversion Rate and the Incremental Share Factor.
Accordingly, for purposes of determining any adjustment to the Incremental Share Factor or any other effect on the Incremental Share Factor, each reference to the Base Conversion Rate appearing below shall be replaced with a reference to the Incremental Share Factor.
No adjustment in the Base Conversion Rate or the Incremental Share Factor shall be required unless the adjustment would result in a change in the Base Conversion Rate of at least 1.00%; provided, however, that any adjustment which by reason of this Section 4.07 is not required to be made shall be carried forward and taken into account in subsequent adjustments and in connection with any conversion of Securities.
Unless and until a Responsible Officer of the Trustee shall have received such Officer’s Certificate, the Trustee shall not be deemed to have knowledge of any adjustment of the Base Conversion Rate and may assume without inquiry that the last Base Conversion Rate (and Incremental Share Factor) of which it has knowledge is still in effect.
Whenever the Base Conversion Rate is increased pursuant to either of the preceding two sentences, the Company shall give each Holder of a Note and the Trustee a notice of the increase at least 15 days prior to the date the increased Base Conversion Rate takes effect, and such notice shall state the increased Base Conversion Rate (and Incremental Share Factor) and the period during which it will be in effect.