Example ContractsClausesAdjustment of Conversion Amount
Adjustment of Conversion Amount
Adjustment of Conversion Amount contract clause examples

Adjustment to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any provision of this Section 5, the Company shall promptly deliver to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment.

The final Completion Accounts must be reviewed, and the Adjustment Amount must be calculated, in accordance with Item 2 of [Schedule 5].

Adjustment to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any provision of this [Section 7], the Company shall promptly deliver to each Holder a notice pursuant to [Section 8(a)] setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment.

Adjustment to Conversion Price. If the Company at any time subdivides (by any stock split, stock dividend, stock combination, recapitalization or other similar transaction) its outstanding shares of Common Stock into a greater number of shares, the Conversion Price in effect immediately prior to such subdivision will be proportionately reduced, and if the Company at any time combines (by any stock split, stock dividend, stock combination, recapitalization or other similar transaction) its outstanding shares of Common Stock into a smaller number of shares, the Conversion Price in effect immediately prior to such combination will be proportionately increased. Any adjustment pursuant to this Section 3.5 shall become effective immediately after the effective date of such subdivision or combination. If any event requiring an adjustment under this Section 3.5 occurs during the period that a Conversion Price is calculated hereunder, then the calculation of such Conversion Price shall be adjusted appropriately to reflect such event.

Adjustment of Conversion Amount. The Conversion Amount shall be subject to adjustment from time to time as follows: if the Corporation shall # declare a dividend or make a distribution on its Common Shares in Common Shares or in any right to acquire Common Shares for no consideration, # subdivide or reclassify the outstanding Common Shares into a greater number of shares (by stock split, reclassification or otherwise than by payment of a dividend in Common Shares or in any right to acquire Common Shares), or # combine or reclassify the outstanding Common Shares into a smaller number of shares, the Conversion Amount in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination, or reclassification shall be proportionately adjusted so that the holder of any Shares of Series B Preferred Stock surrendered for conversion after such date shall be entitled to receive the number of Common Shares which he would have owned or been entitled to receive had such Shares of Series B Preferred Stock been converted immediately prior to such date. In the event that the Corporation shall declare or pay, without consideration, any dividend on the Common Shares payable in any right to acquire Common Shares for no consideration, then the Corporation shall be deemed to have made a dividend payable in Common Shares in an amount of Common Shares equal to the maximum number of Common Shares issuable upon exercise of such rights to acquire Common Shares. Successive adjustments in the Conversion Amount shall be made whenever any event specified above shall occur.

Adjustment of Conversion Amount. The Conversion Amount shall be subject to adjustment from time to time as follows: if the Corporation shall # declare a dividend or make a distribution on its Common Shares in Common Shares, # subdivide or reclassify the outstanding Common Shares into a greater number of shares, or # combine or reclassify the outstanding Common Shares into a smaller number of shares, the Conversion Amount in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination, or reclassification shall be proportionately adjusted so that the holder of any Shares of Series A Preferred Stock surrendered for conversion after such date shall be entitled to receive the number of Common Shares which he would have owned or been entitled to receive had such Series A Preferred Stock been converted immediately prior to such date. Successive adjustments in the Conversion Amount shall be made whenever any event specified above shall occur.

Purchase Price Adjustment Amount. Once the Final True-Up Certificate is final, as determined in accordance with [Section 2.6(a)], the Estimated Net Purchase Price shall be, as applicable, either: # increased by an amount, if any, by which: # the Final Net Working Capital Adjustment Amount set forth in the Final Balance Sheet Certificate; exceeds # the Estimated Net Working Capital Adjustment Amount set forth in the Estimated Balance Sheet Certificate; plus # the 2018 EBITDA True-Up Amount, if any (such amount, the “Purchase Price Deficiency”); or # decreased by the amount, if any, by which: # the Estimated Net Working Capital Adjustment Amount set forth in the Estimated Balance Sheet Certificate; exceeds # the Final Net Working Capital Adjustment Amount set forth in the Final Balance Sheet Certificate (such amount, the “Purchase Price Excess”).

Purchase Price Adjustment Amount. Once the Final Balance Sheet Certificate is final, as determined in accordance with [Section 2.3(a)], the Estimated Net Purchase Price shall be, as applicable: # increased by the amount, if any, by which # the Final Net Working Capital Adjustment Amount set forth in the Final Balance Sheet Certificate exceeds # the Estimated Net Working Capital Adjustment Amount set forth in the Estimated Balance Sheet Certificate; # decreased by the amount, if any, by which # the Estimated Net Working Capital Adjustment Amount set forth in the Estimated Balance Sheet Certificate exceeds # the Final Net Working Capital Adjustment Amount set forth in the Final Balance Sheet Certificate; and # decreased by the Unidentified Liabilities, if any. If the foregoing amounts sum to an upward adjustment to the Estimated Net Purchase Price, such amount is referred to herein as the “Purchase Price Deficiency”. Alternatively, if the foregoing amounts sum to a downward adjustment to the Estimated Net Purchase Price, such amount is referred to herein as the “Purchase Price Excess”.

Adjustment of Conversion Rate. The Conversion Rate will be adjusted as described in this [Section 4.4], except that the Company shall not make any adjustment to the Conversion Rate if each Purchaser participates (other than in the case of a share split or share combination), at the same time and upon the same terms as holders of the Common Stock and as a result of holding the Notes, in any of the transactions described below without having to convert its Notes, as if it held a number of shares of Common Stock equal to the applicable Conversion Rate, multiplied by the principal amount (expressed in thousands) of Notes held by such Purchaser.

Aggregate Final Adjustment Amount. Upon determination of the Final Working Capital, the Final Cash Amount, the Final Working Gas Value, and the Final Derivatives Value in accordance with [Section 2.4(b)]:

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