Common use of Conversion Procedure; Settlement Upon Conversion Clause in Contracts

Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.02, Section 14.03(b) and Section 14.07(a), upon conversion of any Note, the Company shall, at its election, pay or deliver, as the case may be, to the converting Holder, in full satisfaction of its Conversion Obligation, cash (“Cash Settlement”), shares of the Common Stock (“Physical Settlement”) or a combination of cash and shares of the Common Stock (“Combination Settlement”), as set forth in this Section 14.02.

Appears in 5 contracts

Samples: Supplemental Indenture (On Semiconductor Corp), Indenture (Unisys Corp), Open Text Corp

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Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.029.02, Section 14.03(b9.03(b) and Section 14.07(a9.07(a), upon conversion of any Note, the Company shall, at its election, pay or deliver, as the case may be, to the converting Holder, in full satisfaction of its Conversion Obligation, cash (“Cash Settlement”), shares of the Common Stock (“Physical Settlement”) or a combination of cash and shares of the Common Stock (“Combination Settlement”), as set forth in this Section 14.029.02.

Appears in 5 contracts

Samples: Insmed Incorporated (INSMED Inc), Fifth Supplemental Indenture (Tesla, Inc.), Insmed Incorporated (INSMED Inc)

Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Except as provided in Section 14.02, Section 14.03(b13.03(b) and Section 14.07(a13.07(a), upon conversion of any Note, the Company shall, at its election, will pay or deliver, as the case may beapplicable, to the converting Holder, in full satisfaction of its Conversion Obligation, (x) cash (“Cash Settlement”), shares of the Common Stock ; or (“Physical Settlement”y) or a combination of cash and shares of the Common Stock, together, if applicable, with cash in lieu of delivering any fractional share of Common Stock in accordance with Section 13.02(k) (“Combination Settlement”), as set forth in this Section 14.02each case at the Company’s election, subject to the following.

Appears in 1 contract

Samples: Indenture (Pacira BioSciences, Inc.)

Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.02, 4.02 and Section 14.03(b4.03(b) and Section 14.07(a4.07(a), upon conversion of any Note, the Company shall, at its election, pay or deliver, as the case may be, to the converting Holder, in full satisfaction of its Conversion Obligation, cash (“Cash Settlement”), shares of the Common Stock (“Physical Settlement”) or a combination of cash and shares of the Common Stock (“Combination Settlement”), as set forth in this Section 14.024.02.

Appears in 1 contract

Samples: First Supplemental Indenture (WEB.COM Group, Inc.)

Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.02, Section 14.03(b) and Section 14.07(a), upon conversion of any Note, the Company shall, at its election, pay or deliver, as the case may be, to the converting Holder, in full satisfaction of its Conversion Obligation, cash (“Cash Settlement”), shares of the Common Stock (“Physical Settlement”) or a combination of cash and shares of the Common Stock (“Combination Settlement”), as set forth in this Section 14.02.

Appears in 1 contract

Samples: Indenture (Uniti Group Inc.)

Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.02, 8.02 and Section 14.03(b8.03(b) and Section 14.07(a8.07(a), upon conversion of any Note, the Company Issuer shall, at its election, pay or deliver, as the case may be, to the converting HolderHolder of the Notes, in full satisfaction of its Conversion Obligation, cash (“Cash Settlement”), shares of the Common Stock (“Physical Settlement”) or a combination of cash and shares of the Common Stock (“Combination Settlement”), as set forth in this Section 14.028.02.

Appears in 1 contract

Samples: Walter Investment Management Corp

Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.02, 4.02 and Section 14.03(b4.03(b) and Section 14.07(a4.07(a), upon conversion of any Note, the Company shall, at its election, pay or deliver, as the case may be, to the converting HolderHolder of the Notes, in full satisfaction of its Conversion Obligation, cash (“Cash Settlement”), shares of the Common Stock (“Physical Settlement”) or a combination of cash and shares of the Common Stock (“Combination Settlement”), as set forth in this Section 14.024.02.

Appears in 1 contract

Samples: Seventh Supplemental Indenture (United States Steel Corp)

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Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.02, Section 14.03(b) and Section 14.07(a), upon conversion of any Note, the Company shall, at its election, pay or deliver, as the case may be, to the converting Holder, in full satisfaction of its Conversion Obligation, cash (“Cash Settlement”), shares of the Class A Common Stock (“Physical Settlement”) or a combination of cash and shares of the Class A Common Stock (“Combination Settlement”), as set forth in this Section 14.02.

Appears in 1 contract

Samples: Indenture (DraftKings Inc.)

Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.025.02, Section 14.03(b5.03(b) and Section 14.07(a5.07(a), upon conversion of any Note, the Company shall, at its election, pay or deliver, as the case may be, to the converting Holder, in full satisfaction of its Conversion Obligation, cash (“Cash Settlement”), shares of the Common Stock (“Physical Settlement”) or a combination of cash and shares of the Common Stock (“Combination Settlement”), as set forth in this Section 14.025.02.

Appears in 1 contract

Samples: KKR Real Estate Finance Trust Inc.

Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Except as provided in Section 14.02, Section 14.03(b13.03(b) and Section 14.07(a13.07(a), upon conversion of any Note, the Company shall, at its election, shall pay or deliver, as the case may be, to the converting Holder, in full satisfaction of its Conversion Obligation, solely cash (“Cash Settlement”), shares of the Common Stock (“Physical Settlement”) or a combination of cash and shares of the Common Stock, together with cash, if applicable, in lieu of delivering any fractional share of Common Stock in accordance with subsection (j) of this Section 13.02 (“Combination Settlement”), at the Company’s election, as set forth in this Section 14.02the case may be, as described below.

Appears in 1 contract

Samples: Encore Capital Group Inc

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