Applicable Conversion Reference Period means the 20 consecutive Trading Days beginning on the third Trading Day following the Conversion Date or, if the Company elects to pay cash to Holders of Notes in lieu of all or a portion of the Residual Value Shares, the third Trading Day after the Conversion Retraction Period ends.
Applicable Conversion Reference Period means the 10 consecutive Trading Days beginning on the third Trading Day following the Conversion Date or, if the Company elects to pay cash to Holders in lieu of all or a portion of the Residual Value Shares pursuant to Section 4.2(b), the Third Trading Day after the end of the Conversion Retraction Period.
Applicable Conversion Reference Period. (as defined in the Indenture as described in the Offering Circular under “Description of Notes — Settlement upon Conversion”); provided that in the case of any exercise of Options hereunder in connection with the conversion of any Relevant Convertible Securities for any Conversion Date occurring during the period from and including the 30th “Scheduled Trading Day” (as defined in the Indenture as described in the Offering Circular under “Description of Notes — Settlement upon Conversion”) prior to the Maturity Date to and including the Expiration Date (such period, the “Final Conversion Period”), the Notice Deadline shall be 12:00 P.M., New York City time, on the “Scheduled Trading Day” (as defined in the Indenture as described in the Offering Circular under “Description of Notes — Settlement upon Conversion”) immediately following the relevant Exercise Date.
Examples of Applicable Conversion Reference Period in a sentence
Shares of Common Stock will be issued to the extent that the Sale Price exceeds the Conversion Price during the Applicable Conversion Reference Period.
The “Conversion Value” is equal to (1) the Conversion Rate, multiplied by (2) the average of the Sale Prices of Common Shares on each of the thirty consecutive Trading Days in the Applicable Conversion Reference Period.
The “Conversion Value” is equal to (1) the applicable Conversion Rate, multiplied by (2) the average of the Sale Prices of Common Stock on each of the ten consecutive Trading Days in the Applicable Conversion Reference Period.
These funds will be interest-bearing and are likely to be required from April 2021 to August 2023.
Instead of any fractional shares of Common Stock that would otherwise be issued upon conversion of the Notes, the Company will pay a cash amount (calculated to the nearest cent) equal to the value of such fractional shares, based on the Closing Sale Price on the last Trading Day of the Applicable Conversion Reference Period.
More Definitions of Applicable Conversion Reference Period
Applicable Conversion Reference Period means: • for Securities tendered for conversion after the Company has specified a Redemption Date, Change in Control Purchase Date or Repurchase Date for those Securities, the ten (10) consecutive Trading Days beginning on the third Trading Day following the date of such notice; or • in all other cases, the ten (10) consecutive Trading Days beginning on the third Trading Day following the date the Securities are tendered for conversion.
Applicable Conversion Reference Period means (i) in respect of a Conversion Date occurring after the date the Securities are called for redemption until (and including) the Redemption Date, the five consecutive Trading Day period beginning on the third Trading Day following the Redemption Date; or (ii) in all other cases, the five consecutive Trading Day period beginning on the third Trading Day following the Conversion Date.
Applicable Conversion Reference Period means, with respect to a specified Conversion Date: (a) if the Conversion Date occurs after the Company has established a Redemption Date for the relevant Notes in accordance with Section 3.01, the ten consecutive Trading Days beginning on the third Trading Day following such Redemption Date; provided that in the case of a partial redemption, this subclause (a) shall apply only to the portion of the Notes called for redemption; or (b) in all other cases, the ten consecutive Trading Days beginning on the third Trading Day following such Conversion Date.
Applicable Conversion Reference Period means the five consecutive Trading Days beginning on the third Trading Day following the Conversion Date.
Applicable Conversion Reference Period means: o For a Note that is converted after a redemption notice has been mailed by the Company pursuant to Section 3.03 and paragraph 7 of the Notes, the thirty consecutive trading days beginning on the Trading Day following the Redemption Date (in the case of a partial redemption, this clause applies only to those Notes which would be actually redeemed); or o In all other cases, the thirty consecutive Trading Days beginning on the Trading Day following the Conversion Date. The cash in respect of the Principal Return and cash in lieu of fractional shares shall be paid, and a certificate or certificates for the number of full Net Shares issuable upon conversion, if any, shall be delivered as promptly as practicable after the Applicable Conversion Reference Period, but in no event later than five Business Days thereafter. In case a Note or portion thereof is called for redemption, such conversion right in respect of the Note or the portion so called, shall expire at the close of business on the Business Day preceding the Redemption Date, unless the Company defaults in making the payment due upon redemption. In the case of a Change in Control for which the Holder exercises its repurchase right with respect to a Note or portion thereof, such conversion right in respect of the Note or portion thereof shall expire at the close of business on the Business Day immediately preceding the Change in Control Repurchase Date. Upon a determination that Holders are or will be entitled to convert their Notes into the Principal Return and Net Shares, if any, in accordance with the provisions of this Article 10, the Company shall issue a press release and publish such information on its website.
Applicable Conversion Reference Period means, with respect to any Conversion Date occurring during the period beginning on and including the 30th Scheduled Trading Day prior to the scheduled Maturity Date and ending at the close of business on the Business Day immediately prior to the scheduled Maturity Date, the 25 consecutive Trading Day period beginning on, and including, the 27th Scheduled Trading Day prior to the scheduled Maturity Date, and, in all other cases, the 25 consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the related Conversion Date.
Applicable Conversion Reference Period means the twenty (20) consecutive Trading Days beginning on the third Trading Day following the Conversion Date.