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

Conversion Upon Satisfaction of Sale Price Condition. (a) Subject to the provisions of this Article 12 and paragraph 9 of the Note, and subject to and upon compliance with the provisions of this Indenture, and notwithstanding the fact that any other condition to conversion has not been satisfied, the Holder of this Note has the right to convert this Note into shares of Common Stock in any calendar quarter after the quarter ending March 31, 2004 if the closing price of the Common Stock for at least 20 trading days during the period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the Conversion Price on such last trading day.

Appears in 2 contracts

Samples: Indenture (Delta Air Lines Inc /De/), Delta Air Lines Inc /De/

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Conversion Upon Satisfaction of Sale Price Condition. (a) Subject to the provisions of this Article 12 and paragraph 9 of the Note, and subject to and upon compliance with the provisions of this Indenture, and notwithstanding the fact that any other condition to conversion has not been satisfied, the Holder Holders of this Note has the Notes shall have the right to convert this Note their Notes into shares of Common Stock in any calendar quarter after the quarter ending March 31September 30, 2004 2003 if the closing last reported sale price of the Common Stock for at least 20 trading days during the period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the Conversion Price on such last trading day.

Appears in 1 contract

Samples: Indenture (Vishay Intertechnology Inc)

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Conversion Upon Satisfaction of Sale Price Condition. (a) Subject to the provisions of this Article 12 and paragraph 9 of the Note, and subject to and upon compliance with the provisions of this Indenture, and notwithstanding the fact that any other condition to conversion has not been satisfied, the Holder of this Note has the right to convert this Note into shares of Common Stock in any calendar quarter after the quarter ending March 31June 30, 2004 2003 if the closing last reported sale price of the Common Stock for at least 20 trading days during the period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the Conversion Price on such last trading day.

Appears in 1 contract

Samples: Delta Air Lines Inc /De/

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