Adjustments to the Conversion Rate. The Conversion Rate shall be adjusted from time to time by the Company as described in this Section 11.05, except that the Company shall not make any adjustments to the Conversion Rate if Holders participate (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 solely as a result of holding the Notes, in any of the transactions described below in this Section 11.05 without having to convert their Notes as if they held a number of shares of the Common Stock equal to the Conversion Rate, multiplied by the principal amount (expressed in thousands) of Notes held by such Holder.
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Adjustments to the Conversion Rate. The Conversion Rate shall be adjusted from time to time by the Company as described in this Section 11.05if any of the following events occurs, except that the Company shall not make any adjustments to the Conversion Rate if Holders participate each Holder participates (other than in the case of a share stock split or share stock combination), at the same time and upon the same terms as holders of the Common Stock and solely as a result of holding the Notes, in any of the transactions described below in this Section 11.05 1004, without having to convert their Notes its Notes, as if they such Holder held a number of shares of the Common Stock equal to the Conversion Rate, Rate multiplied by the principal amount (expressed in thousands) of Notes held by such Holder.
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