Interpolation and Limits. The exact Applicable Price and Make-Whole Fundamental Change Effective Date may not be as set forth in the table in Schedule A, in which case: (1) if the actual Applicable Price is between two Applicable Prices listed in the table in Schedule A or the actual Make-Whole Fundamental Change Effective Date is between two Make-Whole Fundamental Change Effective Dates listed in the table, the number of Additional Shares shall be determined by a linear interpolation between the numbers of Additional Shares set forth for the higher and lower Applicable Prices, or for the earlier and later Make-Whole Fundamental Change Effective Dates, as applicable, based on a 365-day year, as applicable; (2) if the actual Applicable Price is greater than $60.00 per share (subject to adjustment in the same manner as the Applicable Price as set forth in the table in Schedule A pursuant to Section 4.06(e) hereof), no Additional Shares will be added to the Conversion Rate; and (3) if the actual Applicable Price is less than $6.44 per share (subject to adjustments in the same manner as the Applicable Price as set forth in the table in Schedule A pursuant to Section 4.06(e) hereof), no Additional Shares will be added to the Conversion Rate. (4) Notwithstanding the foregoing, in no event will the Conversion Rate be increased on account of a Make-Whole Fundamental Change to exceed 155.2795 shares of Common Stock per $1,000 principal amount of Notes, subject to adjustments in the same manner in which, and for the same events for which, the Conversion Rate is required to be adjusted as set forth in Section 4.04 hereof.
Appears in 1 contract
Sources: Supplemental Indenture (Alpha Natural Resources, Inc.)
Interpolation and Limits. The exact Applicable Price and Make-Whole Fundamental Change Effective Date may not be as set forth in the table in Schedule A, in which case:
(1) if the actual Applicable Price is between two Applicable Prices listed in the table in Schedule A or the actual Make-Whole Fundamental Change Effective Date is between two Make-Whole Fundamental Change Effective Dates listed in the table, the number of Additional Shares shall be determined by a linear interpolation between the numbers of Additional Shares set forth for the higher and lower Applicable Prices, or for the earlier and later Make-Whole Fundamental Change Effective Dates, as applicable, based on a 365-day year, as applicable;
(2) if the actual Applicable Price is greater than $60.00 50.00 per share (subject to adjustment in the same manner as the Applicable Price as set forth in the table in Schedule A pursuant to Section 4.06(e) hereof), no Additional Shares will be added to the Conversion Rate; and
(3) if the actual Applicable Price is less than $6.44 6.73 per share (subject to adjustments in the same manner as the Applicable Price as set forth in the table in Schedule A pursuant to Section 4.06(e) hereof), no Additional Shares will be added to the Conversion Rate.
(4) Notwithstanding the foregoing, in no event will the Conversion Rate be increased on account of a Make-Whole Fundamental Change to exceed 155.2795 $148.5884 shares of Common Stock per $1,000 principal amount of Notes, subject to adjustments in the same manner in which, and for the same events for which, the Conversion Rate is required to be adjusted as set forth in Section 4.04 hereof.
Appears in 1 contract
Sources: Supplemental Indenture (Alpha Natural Resources, Inc.)