Common use of Conversion of Make-Whole Amount Clause in Contracts

Conversion of Make-Whole Amount. The number of shares of Common Stock issuable upon conversion of any Make-Whole Conversion Amount pursuant to Section 3(a) shall be determined by dividing (x) such Make-Whole Conversion Amount by (y) the Make-Whole Conversion Price (the “Make-Whole Conversion Rate”). “Make-Whole Conversion Amount” means, with respect to a particular Conversion Notice, the Make-Whole Amount specified in such Conversion Notice, plus all accrued and unpaid Late Charges with respect to such Make-Whole Amount.

Appears in 2 contracts

Sources: Second Supplemental Indenture (North American Palladium LTD), First Supplemental Indenture (North American Palladium LTD)