Common use of Conversion Upon Satisfaction of Sale Price Condition Clause in Contracts

Conversion Upon Satisfaction of Sale Price Condition. Before the Close of Business on the Business Day immediately before September 1, 2026, a Holder may convert its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on March 31, 2022, if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Conversion Price 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.

Appears in 2 contracts

Samples: Indenture (Cryoport, Inc.), Indenture (Marathon Digital Holdings, Inc.)

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Conversion Upon Satisfaction of Sale Price Condition. Before the Close of Business on the Business Day immediately before September 115, 2026, a Holder may convert its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on March 31, 2022, if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Conversion Price 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.

Appears in 1 contract

Samples: Indenture (Lucid Group, Inc.)

Conversion Upon Satisfaction of Sale Price Condition. Before the Close of Business on the Business Day immediately before September March 1, 20262028, a Holder may convert its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on March 31September 30, 20222023, if the Last Reported Sale Price per share of Class A Common Stock exceeds one hundred and thirty percent (130%) of the Conversion Price 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.

Appears in 1 contract

Samples: Indenture (Bloom Energy Corp)

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Conversion Upon Satisfaction of Sale Price Condition. Before the Close of Business on the Business Day immediately before September 1May 15, 20262025, a Holder may convert its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on March December 31, 20222020, if the Last Reported Sale Price per share of Class A Common Stock exceeds one hundred and thirty percent (130%) of the Conversion Price 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.

Appears in 1 contract

Samples: Indenture (Bloom Energy Corp)

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