Common use of Conversion Based on Common Stock Price Clause in Contracts

Conversion Based on Common Stock Price. Prior to the Close of Business on the Business Day immediately preceding January 1, 2016, Holders may surrender Notes for conversion in any calendar quarter (and only during such calendar quarter) commencing after June 30, 2011 if the Last Reported Sale Price of Common Stock for at least 20 Trading Days in a period of 30 consecutive Trading Days ending on the last Trading Day of the preceding calendar quarter is more than 110% of the Conversion Price on each applicable Trading Day. The Conversion Agent shall determine at the beginning of each calendar quarter commencing at any time after June 30, 2011 (through and including December 31, 2015) whether the Notes are convertible as a result of the price of Common Stock and notify the Company and the Trustee.

Conversion Based on Common Stock Price. Prior to the Close of Business on the Business Day immediately preceding January 1, 2016, Holders A Holder may surrender all or a portion of its Notes for conversion in during any calendar quarter (commencing after December 31, 2009, and only during such calendar quarter) commencing after June 30, 2011 if the Last Reported Sale Price of for the Common Stock for at least 20 Trading Days in a during the period of 30 consecutive Trading Days ending on the last Trading Day of the immediately preceding calendar quarter is more greater than 110130% of the Conversion Price in effect on each applicable such last Trading Day. The Whenever the Notes shall become convertible pursuant to this Section 5.01(a), the Company shall notify all Holders, the Trustee and the Conversion Agent shall determine at the beginning of each calendar quarter commencing at any time after June 30, 2011 (through and including December 31, 2015) whether the Notes are convertible as a result of the price of Common Stock and notify the Company and the Trusteepromptly in writing.