Examples of Trading Price Condition in a sentence
I was a member of the Kensington Girl Scout Council, the Order of the Eastern Star, American Association of University Women, the YMCA, the University of California Faculty Club, the Berkeley Teachers’ Association and the Association of California Retired Teachers.
If, on any Trading Day after the Trading Price Condition has been met as set forth above, the Trading Price per $1,000 principal amount of Notes is greater than or equal to ninety eight percent (98%) of the product of the Last Reported Sale Price per share of Common Stock on such Trading Day and the Conversion Rate on such Trading Day, then the Company will notify the Holders, the Trustee and the Conversion Agent of the same.
Neither the Trustee nor the Conversion Agent shall be responsible to determine whether the Trading Price Condition has been satisfied.
Failure by the Company to provide timely notice shall preclude the Company from exercising this call provision with respect to the satisfaction of the Trading Price Condition over that five (5) consecutive trading day period but shall not preclude the Company from exercising this call provision with respect to satisfaction of the Trading Price Condition over any other subsequent five (5) consecutive trading days.
To effectively exercise this call provision, such written notice of intent to exercise the call provision under this Section 2(e) must be provided by the Company by the close of business on the second trading day following satisfaction of the Trading Price Condition.