Adjustment for Rights Issue. If after the Issue Date of the Debentures, the Company distributes any rights or warrants to all holders of shares of its Common Stock entitling them to purchase shares of Common Stock at a price per share less than the Average Sale Price as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) ------------------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 15.7 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 15.6(4) applies or (ii) a distribution to which Section 15.8 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 applies, the fair market value (on the record date for the distribution to which this Section 15.7 applies) of: (1) the Capital Stock of the Company distributed in respect of each share of Common Stock in such Section 15.6(4) distribution; and (2) the assets of the Company or debt securities or any rights, warrants or options to purchase securities of the Company distributed in respect of each share of Common Stock in such Section 15.8
Appears in 2 contracts
Sources: Convertible Debentures Supplemental Indenture (International Paper Co /New/), Convertible Debentures Supplemental Indenture (International Paper Co /New/)
Adjustment for Rights Issue. If after the Issue Date of --------------------------- the Debentures2001 Convertible Securities, the Company distributes any rights rights, warrants or warrants options to all holders of shares of its Common Stock entitling them them, for a period within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Average Sale current Market Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) ------------------- --------------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 15.7 7.7 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 15.6(47.6(iv) applies or (ii) a distribution to which Section 15.8 7.8 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 7.7 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 7.7 applies, the fair market value (on the record date for the distribution to which this Section 15.7 7.7 applies) ofof the:
(1) the . Capital Stock of the Company distributed in respect of each share of Common Stock in such Section 15.6(47.6(iv) distribution; , and
(2) the . assets of the Company or debt securities or any rights, warrants or options to purchase securities of the Company distributed in respect of each share of Common Stock in such Section 15.87.8
Appears in 1 contract
Adjustment for Rights Issue. If Except as provided in Section 9.11, if after the Issue Date of the Debentures2007 Notes, the Company distributes any rights or warrants to all holders of shares of its Common Stock entitling them to purchase purchase, for a period expiring within 60 days, shares of Common Stock at a price per share less than the Average Sale Price as of the Time of Determination, unless the Securityholders may participate in the distribution without conversion on a basis and with the notice that the Company's Board of Directors determines to be fair and appropriate, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) ------------------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 15.7 9.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. 27 P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 15.6(49.06(4) applies or (ii) a distribution to which Section 15.8 9.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 9.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 9.07 applies, the fair market value (on the record date for the distribution to which this Section 15.7 9.07 applies) of:of the
(1) the Capital Stock of the Company distributed in respect of each share of Common Stock in such Section 15.6(49.06(4) distribution; distribution and
(2) the assets of the Company or debt Company's debt, securities or any assets or certain rights, warrants or options to purchase securities of the Company distributed in respect of each share of Common Stock in such Section 15.89.08
Appears in 1 contract
Adjustment for Rights Issue. If If, after the Issue Date of the DebenturesDate, the Company distributes any rights rights, warrants or warrants options to all holders of shares of its Common Stock entitling them them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Average Sale Price as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: (0 + N) ----------- R' = R x (O + N) ------------------- (O 0 + (N x P)/MX P) ------- M where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O 0 = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 15.7 is being applieddistribution. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the such additional shares. M = the Average Sale Price, minusMINUS, in the case of (i) a distribution to which Section 15.6(410.06(4) applies or (ii) a distribution to which Section 15.8 10.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 10.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 10.07 applies, the fair market value (on the record date for the distribution to which this Section 15.7 10.07 applies) of:
(1) the Capital Stock of the Company distributed in respect of each share of Common Stock in such Section 15.6(410.06(4) distribution; , and
(2) the assets of the Company or debt securities or any rights, warrants or options to purchase securities of the Company distributed in respect of each share of Common Stock in such Section 15.810.08
Appears in 1 contract
Sources: Indenture (Talk Radio Network Inc)
Adjustment for Rights Issue. If Except as provided in Section 10.11, if after the Issue Date of the DebenturesSecurities, the Company distributes any rights or warrants to all holders of shares of its Common Stock entitling them to purchase purchase, for a period expiring within 60 days, shares of Common Stock at a price per share less than the Average Sale Price as of the Time of Determination, unless the Holders of Securities may participate in the distribution without conversion on a basis and with the notice that the Company's Board of Directors determines to be fair and appropriate, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) ------------------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 15.7 10.7 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 15.6(410.6(4) applies or (ii) a distribution to which Section 15.8 10.8 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 10.7 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 10.7 applies, the fair market value (on the record date for the distribution to which this Section 15.7 10.7 applies) of:of the
(1) the Capital Stock of the Company distributed in respect of each share of Common Stock in such Section 15.6(410.6(4) distribution; , and
(2) the assets of the Company or debt Company's debt, securities or any assets or certain rights, warrants or options to purchase securities of the Company distributed in respect of each share of Common Stock in such Section 15.810.8
Appears in 1 contract
Sources: Indenture (Cendant Corp)
Adjustment for Rights Issue. If Except as set forth in Sections 8.14 and 8.19 of this Supplemental Indenture, if after the Issue Date of the DebenturesApplicable Securities, the Company distributes any rights rights, warrants or warrants options to all holders of shares of its Common Stock entitling them them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Average Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formulaformula below; provided that if such rights are exercisable only upon the occurrence of a triggering event, then the Conversion Rate will not be adjusted until such triggering event occurs: R' = R x (O + N) ------------------- (R' = ------------------------- O + [(N x P)/M) ] where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 15.7 8.7 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 15.6(48.6(c) of this Supplemental Indenture applies or (ii) a distribution to which Section 15.8 8.8 of this Supplemental Indenture applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 8.7 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 8.7 applies, the fair market value (on the record date for the distribution to which this Section 15.7 8.7 applies) of:
(1) the Capital Stock of the Company distributed in respect of each share of Common Stock in such Section 15.6(48.6(c) distribution; distribution and
(2) the assets of the Company or debt securities or any rights, warrants or options to purchase securities of the Company distributed in respect of each share of Common Stock in such Section 15.88.8
Appears in 1 contract
Adjustment for Rights Issue. If after the Issue Date of the Debentures, the Company Guarantor distributes any rights or warrants to all holders of shares of its Common Stock Shares entitling them to purchase shares of Common Stock Shares at a price per share Common Share less than the Average Sale Price as of the Time of DeterminationDetermination (except that no adjustment will be made if the Holders of Notes may participate in the distribution without conversion on a basis and with the notice that the Board of Directors of the Guarantor determines to be fair and appropriate in light of the basis and notice on which holders of Common Shares participate in the distribution), the Conversion Rate shall be adjusted in accordance with the formula: (O+N) R' ’ = R x (O + N) ------------------- --------------------- (O + (N x P)/M) where: R' ’ = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock Shares issued and outstanding on the record date for the distribution to which this Section 15.7 12.7 is being applied. N = the number of additional shares of Common Stock Shares offered pursuant to the distribution. P = the offering price per share of the additional sharesCommon Shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 15.6(412.6(4) applies or (ii) a distribution to which Section 15.8 12.8 or 12.9 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 12.7 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 12.7 applies, the fair market value (on the record date for the distribution to which this Section 15.7 12.7 applies) ofof the:
(1) the Capital Stock Common Shares of the Company Guarantor distributed in respect of each share of Common Stock Share in such Section 15.6(412.6(4) distribution; andor
(2) the assets of the Company or debt Guarantor’s debt, securities or any assets or certain rights, warrants or options to purchase securities of the Company Guarantor distributed in respect of each share of Common Stock Share in such Section 15.812.8 or 12.9
Appears in 1 contract
Sources: Indenture (Bunge LTD)
Adjustment for Rights Issue. If If, after the Issue Date of the DebenturesDate, the --------------------------- Company distributes any rights rights, warrants or warrants options to all holders of shares of its Common Stock entitling them them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Average Sale Price as of the Time of Determination, the Conversion Rate ------------------------ shall be adjusted in accordance with the formula: (0 + N) ------------ R' = R x (O + N) ------------------- (O 0 + (N x P)/MP) ----- M where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O 0 = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 15.7 11.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the such additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to ----- which Section 15.6(411.06(4) applies or (ii) a distribution to which Section 15.8 11.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 11.07 applies, the fair market value (on the record date for the distribution to which this Section 15.7 11.07 applies) of:
(1) the Capital Stock of the Company distributed in respect of each share of Common Stock in such Section 15.6(411.06(4) distribution; , and
(2) the assets of the Company or debt securities or any rights, warrants or options to purchase securities of the Company distributed in respect of each share of Common Stock in such Section 15.811.08
Appears in 1 contract
Sources: Indenture (Merrill Lynch Preferred Capital Trust V)
Adjustment for Rights Issue. If after the Issue Date of the DebenturesSecurities, the Company distributes any rights rights, warrants or warrants options to all holders of shares of its Common Stock entitling them them, for a period within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Average Sale Price as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) ------------------- (O + (N x × P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 15.7 10.7 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 15.6(410.6(4) applies or (ii) a distribution to which Section 15.8 10.8 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 10.7 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 10.7 applies, the fair market value (on the record date for the distribution to which this Section 15.7 10.7 applies) of:of the
(1) the Capital Stock of the Company distributed in respect of each share of Common Stock in such Section 15.6(410.6(4) distribution; , and
(2) the assets of the Company or debt securities or any rights, warrants or options to purchase securities of the Company distributed in respect of each share of Common Stock in such Section 15.810.8
Appears in 1 contract
Sources: Indenture (Best Buy Co Inc)
Adjustment for Rights Issue. If Except as provided in Section 10.11, if after the Issue Date of the DebenturesSecurities, the Company distributes any rights or warrants to all holders of shares of its Common Stock entitling them to purchase purchase, for a period expiring within 60 days, shares of Common Stock at a price per share less than the Average Sale Price as of the Time of Determination, unless the Holders of Securities may participate in the distribution without conversion on a basis and with the notice that the Company's Board of Directors determines to be fair and appropriate, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) ------------------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 15.7 10.7 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 15.6(410.6(4) applies or (ii) a distribution to which Section 15.8 10.8 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 10.7 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 10.7 applies, the fair market value (on the record date for the distribution to which this Section 15.7 10.7 applies) of:of the
(1) the Capital Stock of the Company distributed in respect of each share of Common Stock in such Section 15.6(410.6(4) distribution; distribution and
(2) the assets of the Company or debt Company's debt, securities or any assets or certain rights, warrants or options to purchase securities of the Company distributed in respect of each share of Common Stock in such Section 15.810.8
Appears in 1 contract
Sources: Indenture (Mirant Corp)
Adjustment for Rights Issue. If after the Issue Date of the DebenturesSecurities, the Company distributes any rights rights, warrants or warrants options to all holders of shares of its Common Stock entitling them them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Average Sale Price as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) ------------------- ------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 15.7 1307 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 15.6(41306(4) applies or (ii) a distribution to which Section 15.8 1308 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 1307 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 1307 applies, the fair market value (on the record date for the distribution to which this Section 15.7 1307 applies) of:of the
(1) the Capital Stock of the Company distributed in respect of each share of Common Stock in such Section 15.6(41306(4) distribution; distribution and
(2) the assets of the Company or debt securities or any rights, warrants or options to purchase securities of the Company distributed in respect of each share of Common Stock in such Section 15.81308 distribution. The Board of Directors shall reasonably determine fair market values for the purposes of this Section 1307, except as Section 1308 otherwise provides in the case of a spin-off.
Appears in 1 contract
Sources: Tenth Supplemental Indenture (Royal Caribbean Cruises LTD)
Adjustment for Rights Issue. If Except as set forth in Sections 10.15 and 10.20, if, after the Issue Date of the DebenturesDate, the Company distributes any rights rights, warrants or warrants options to all holders of shares of its Common Stock Ordinary Shares entitling them them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock Ordinary Shares at a price per share less than the Average Closing Sale Price of the Ordinary Shares as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) ------------------- (O + (N x P)/M) where: R' ’ = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock Ordinary Shares outstanding on the record date for the distribution to which this Section 15.7 10.07 is being applied. N = the number of additional shares of Common Stock Ordinary Shares offered pursuant to the distribution. P = the offering price per share of the additional sharesOrdinary Shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 15.6(410.06(b) applies or (ii) a distribution to which Section 15.8 10.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 10.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 10.07 applies, the fair market value (on the record date for the distribution to which this Section 15.7 10.07 applies) of:
(1i) the Capital Stock of the Company distributed in respect of each share of Common Stock Ordinary Share in such Section 15.6(410.06(b) distribution; and
(2ii) the assets of the Company or debt securities or any rights, warrants or options to purchase securities of the Company distributed in respect of each share of Common Stock Ordinary Share in such Section 15.810.08
Appears in 1 contract
Sources: Indenture (Apex Silver Mines LTD)
Adjustment for Rights Issue. If after the Issue Date of the DebenturesSecurities, the Company distributes any rights or warrants to all holders of shares of its Common Stock the Company's Ordinary Shares entitling them to purchase shares of Common Stock purchase, for a period expiring within 60 days, Ordinary Shares at a price per share less than the Average Sale then current Market Price as of the Time of DeterminationDetermination (except that no adjustment will be made if Holders of the Securities may participate in the distribution on a basis and with the notice that the Company's Board of Directors determines to be fair and appropriate), the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) ------------------- --------------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock Ordinary Shares outstanding on the record date for the distribution to which this Section 15.7 10.7 is being applied. N = the number of additional shares of Common Stock Ordinary Shares offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Market Price, minus, in the case of (i) a distribution to which Section 15.6(410.6(4) applies or (ii) a distribution to which Section 15.8 10.8 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 10.7 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 10.7 applies, the fair market value (on the record date for the distribution to which this Section 15.7 10.7 applies) of:of the
(1) the Capital Stock of the Company distributed in respect of each share of Common Stock Ordinary Share in such Section 15.6(410.6(4) distribution; distribution and
(2) the assets of the Company Company's or debt debt, securities or any assets or certain rights, warrants or options to purchase securities of the Company distributed in respect of each Ordinary share of Common Stock in such Section 15.810.8
Appears in 1 contract
Sources: Indenture (Xl Capital LTD)
Adjustment for Rights Issue. If after the Issue Date of the DebenturesSecurities, the Company distributes any rights or warrants to all holders of shares of its Common Stock the Company's Ordinary Shares entitling them to purchase shares of Common Stock purchase, for a period expiring within 60 days, Ordinary Shares at a price per share less than the Average Sale then current Market Price as of the Time of DeterminationDetermination (except that no adjustment will be made if Holders of the Securities may participate in the distribution on a basis and with the notice that the Company's Board of Directors determines to be fair and appropriate), the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) ------------------- --------------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock Ordinary Shares outstanding on the record date for the distribution to which this Section 15.7 12.7 is being applied. N = the number of additional shares of Common Stock Ordinary Shares offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Market Price, minus, in the case of (i) a distribution to which Section 15.6(412.6(4) applies or (ii) a distribution to which Section 15.8 12.8 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 12.7 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 12.7 applies, the fair market value (on the record date for the distribution to which this Section 15.7 12.7 applies) of:
(1) the Capital Stock of the Company distributed in respect of each share of Common Stock in such Section 15.6(4) distribution; and
(2) the assets of the Company or debt securities or any rights, warrants or options to purchase securities of the Company distributed in respect of each share of Common Stock in such Section 15.8the
Appears in 1 contract
Sources: Indenture (Xl Capital LTD)
Adjustment for Rights Issue. If Except as set forth in Sections 11.14 and 11.19, if after the Issue Date of the DebenturesDate, the Company distributes any rights rights, warrants or warrants options to all holders of shares of its Common Stock entitling them them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Average Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) ------------------- ------------------------ (O + [(N x X P)/M) )] where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 15.7 11.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 15.6(411.06(b) applies or (ii) a distribution to which Section 15.8 11.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 11.07 applies, the fair market value (on the record date for the distribution to which this Section 15.7 11.07 applies) of:
(1i) the Capital Stock of the Company distributed in respect of each share of Common Stock in such Section 15.6(411.06(b) distribution; and
(2ii) the assets of the Company or debt securities or any rights, warrants or options to purchase securities of the Company distributed in respect of each share of Common Stock in such Section 15.811.08
Appears in 1 contract
Sources: Indenture (Dri I Inc)
Adjustment for Rights Issue. If Except as set forth in Sections 11.14 and 11.19, if, after the Issue Date of the DebenturesDate, the Company distributes any rights rights, warrants or warrants options to all holders of shares of its Common Stock entitling them them, for a period expiring within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Average Closing Sale Price of the Common Stock as of the Time of Determination, the Conversion Rate (and, simultaneously, the Conversion Price) shall be adjusted in accordance with the formula: R' = R x (O + N) ------------------- (O + ((N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 15.7 11.07 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 15.6(411.06(c) applies or (ii) a distribution to which Section 15.8 11.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 11.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 11.07 applies, the fair market value (on the record date for the distribution to which this Section 15.7 11.07 applies) of:
(1i) the Capital Stock of the Company distributed in respect of each share of Common Stock in such Section 15.6(411.06(c) distribution; and
(2ii) the assets of the Company or debt securities or any rights, warrants or options to purchase securities of the Company distributed in respect of each share of Common Stock in such Section 15.811.08
Appears in 1 contract
Sources: Indenture (Western Wireless Corp)
Adjustment for Rights Issue. If after the Issue Date of the DebenturesSecurities, the Company distributes any rights or warrants to all holders of shares of its Common Stock the Company's Ordinary Shares entitling them to purchase shares of Common Stock purchase, for a period expiring within 60 days, Ordinary Shares at a price per share less than the Average Sale then current Market Price as of the Time of DeterminationDetermination (except that no adjustment will be made if Holders of the Securities may participate in the distribution on a basis and with the notice that the Company's Board of Directors determines to be fair and appropriate), the Conversion Rate shall be adjusted in accordance with the formula: R' = R x (O + N) ------------------- ------------- (O + (N x P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock Ordinary Shares outstanding on the record date for the distribution to which this Section 15.7 12.7 is being applied. N = the number of additional shares of Common Stock Ordinary Shares offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Market Price, minus, in the case of (i) a distribution to which Section 15.6(412.6(4) applies or (ii) a distribution to which Section 15.8 12.8 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 12.7 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 12.7 applies, the fair market value (on the record date for the distribution to which this Section 15.7 12.7 applies) of:of the
(1) the Capital Stock of the Company distributed in respect of each share of Common Stock Ordinary Share in such Section 15.6(412.6(4) distribution; distribution and
(2) the assets of the Company or debt Company's debt, securities or any assets or certain rights, warrants or options to purchase securities of the Company distributed in respect of each share of Common Stock Ordinary Share in such Section 15.812.8
Appears in 1 contract
Sources: Indenture (Xl Capital LTD)
Adjustment for Rights Issue. If If, after the Issue Date of the DebenturesDate, the Company distributes any rights rights, warrants or warrants options to all holders of shares of its Common Stock Shares entitling them them, for a period expiring within 60 days after the record date for such distribution, to subscribe for or purchase shares of Common Stock Shares at a price per share less than the Average Sale Price as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the following formula: R' = R x (O + N) ------------------- (----------- O + (N x P)/M) P ----- M where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock Shares outstanding on the record date for the distribution to which this Section 15.7 is being applieddistribution. N = the number of additional shares of Common Stock Shares offered pursuant to the distribution. P = the offering subscription or purchase price per share of the such additional sharesCommon Shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 15.6(410.06(4) applies or (ii) a distribution to which Section 15.8 10.08 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 10.07 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 10.07 applies, the fair market value (on the record date for the distribution to which this Section 15.7 10.07 applies) of:
(1) the Capital Stock of the Company distributed in respect of each share of Common Stock Share in such Section 15.6(410.06(4) distribution; , and
(2) the assets of the Company or debt securities or any rights, warrants or options to purchase securities of the Company distributed in respect of each share of Common Stock in such Section 15.8Company
Appears in 1 contract
Sources: Indenture (Stmicroelectronics Nv)
Adjustment for Rights Issue. If after the Issue Date of the DebenturesSecurities, the Company distributes any rights rights, warrants or warrants options to all holders of shares of its Common Stock entitling them them, for a period within 60 days after the record date for such distribution, to purchase shares of Common Stock at a price per share less than the Average Sale Price as of the Time of Determination, the Conversion Rate shall be adjusted in accordance with the formula: R' = R x × (O + N) ------------------- (O + (N x × P)/M) where: R' = the adjusted Conversion Rate. R = the current Conversion Rate. O = the number of shares of Common Stock outstanding on the record date for the distribution to which this Section 15.7 10.7 is being applied. N = the number of additional shares of Common Stock offered pursuant to the distribution. P = the offering price per share of the additional shares. M = the Average Sale Price, minus, in the case of (i) a distribution to which Section 15.6(410.6(4) applies or (ii) a distribution to which Section 15.8 10.8 applies, for which, in each case, (x) the record date shall occur on or before the record date for the distribution to which this Section 15.7 10.7 applies and (y) the Ex-Dividend Time shall occur on or after the date of the Time of Determination for the distribution to which this Section 15.7 10.7 applies, the fair market value (on the record date for the distribution to which this Section 15.7 10.7 applies) of:of the
(1) the Capital Stock of the Company distributed in respect of each share of Common Stock in such Section 15.6(410.6(4) distribution; , and
(2) the assets of the Company or debt securities or any rights, warrants or options to purchase securities of the Company distributed in respect of each share of Common Stock in such Section 15.810.8
Appears in 1 contract
Sources: Indenture (Best Buy Co Inc)