Common use of Conversion upon Satisfaction of Common Stock Sale Price Condition Clause in Contracts

Conversion upon Satisfaction of Common Stock Sale Price Condition. Prior to the Close of Business on the Business Day immediately preceding the Free Convertibility Date, a Holder may convert its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on September 30, 2020, if the Last Reported Sale Price per share of Common Stock for each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter exceeds one hundred and thirty percent (130%) of the Conversion Price then in effect on each applicable Trading Day, as determined by the Company in good faith.

Appears in 2 contracts

Samples: Indenture (American Eagle Outfitters Inc), Indenture (Dick's Sporting Goods, Inc.)

AutoNDA by SimpleDocs

Conversion upon Satisfaction of Common Stock Sale Price Condition. Prior to Before the Close of Business on the Business Day immediately preceding the Free Convertibility Datebefore February 15, 2036, a Holder may convert all (or any portion in an Authorized Denomination) of its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on September 30, 20202016 (and only during such calendar quarter), if the Last Reported Sale Price per share of Common Stock for each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter exceeds one hundred and thirty percent (130%) of the Conversion Price then in effect on each applicable such Trading Day, as determined by the Company in good faith.

Appears in 1 contract

Samples: Indenture (K2m Group Holdings, Inc.)

Conversion upon Satisfaction of Common Stock Sale Price Condition. Prior to the Close of Business on the Business Day immediately preceding the Free Convertibility Date, a Holder may convert its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on September 30December 31, 20202021, if the Last Reported Sale Price per share of Common Stock for each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter exceeds one hundred and thirty percent (130%) of the Conversion Price then in effect on each applicable Trading Day, as determined by the Company in good faith.

Appears in 1 contract

Samples: SoFi Technologies, Inc.

Conversion upon Satisfaction of Common Stock Sale Price Condition. Prior to the Close of Business on the Business Day immediately preceding the Free Convertibility DateNovember 1, 2023, a Holder may convert its Notes during any calendar quarter commencing after the calendar quarter ending on June 30, 2019 (and only during such calendar quarter) commencing after the calendar quarter ending on September 30, 2020), if the Last Reported Sale Price per share of Common Stock for each of at least twenty (20) Trading Days (whether or not consecutive) during the period of thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter exceeds one hundred and thirty percent (130%) of the Conversion Price then in effect on each the applicable Trading Day, as determined by the Company in good faith.

Appears in 1 contract

Samples: Indenture (Inovio Pharmaceuticals, Inc.)

Conversion upon Satisfaction of Common Stock Sale Price Condition. Prior to the Close of Business on the Business Day immediately preceding the Free Convertibility DateJanuary 15, 2024, a Holder may convert its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on September 30, 20202017 (and only during such calendar quarter), if the Last Reported Sale Price per share of Common Stock for each of at least twenty (20) Trading Days (whether or not consecutive) during the period of thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter exceeds one hundred and thirty percent (130%) of the Conversion Price then in effect on each the applicable Trading Day, as determined by the Company in good faith.

Appears in 1 contract

Samples: Indenture (Neurocrine Biosciences Inc)

AutoNDA by SimpleDocs

Conversion upon Satisfaction of Common Stock Sale Price Condition. Prior to the Close of Business on the Business Day immediately preceding the Free Convertibility Date, a Holder may convert its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on September June 30, 20202024, if the Last Reported Sale Price per share of Common Stock for each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter exceeds one hundred and thirty percent (130%) of the Conversion Price then in effect on each applicable Trading Day, as determined by the Company in good faith.

Appears in 1 contract

Samples: SoFi Technologies, Inc.

Conversion upon Satisfaction of Common Stock Sale Price Condition. Prior to the Close of Business on the Business Day immediately preceding the Free Convertibility DateJuly 15, 2026, a Holder may convert its Notes during any calendar quarter commencing after the calendar quarter ending on March 31, 2020 (and only during such calendar quarter) commencing after the calendar quarter ending on September 30, 2020), if the Last Reported Sale Price per share of Common Stock for each of at least twenty (20) Trading Days (whether or not consecutive) during the period of thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter exceeds one hundred and thirty percent (130%) of the Conversion Price then in effect on each the applicable Trading Day, as determined by the Company in good faith.

Appears in 1 contract

Samples: Cytokinetics, Incorporated (Cytokinetics Inc)

Conversion upon Satisfaction of Common Stock Sale Price Condition. Prior to the Close of Business on the Business Day immediately preceding the Free Convertibility DateMay 15, 2025, a Holder may convert its Notes during any calendar quarter commencing after the calendar quarter ending on December 31, 2018 (and only during such calendar quarter) commencing after the calendar quarter ending on September 30, 2020), if the Last Reported Sale Price per share of Common Stock for each of at least twenty (20) Trading Days (whether or not consecutive) during the period of thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter exceeds one hundred and thirty percent (130%) of the Conversion Price then in effect on each the applicable Trading Day, as determined by the Company in good faith.

Appears in 1 contract

Samples: Indenture (Retrophin, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.