Applicable Five Trading Day Period definition

Applicable Five Trading Day Period means, with respect to any Contingent Interest Period, the five Trading Days ending on the second Trading Day immediately preceding the first day of such Contingent Interest Period; provided, however, if the Company shall have declared a Regular Cash Dividend on its Common Stock that is payable during such Contingent Interest Period but for which the record date for determining stockholders entitled thereto precedes the first day of such Contingent Interest Period, then "Applicable Five Trading Day Period" shall mean, with respect to such Contingent Interest Period, the five Trading Days ending on the second Trading Day immediately preceding such record date.
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Applicable Five Trading Day Period means the five Trading Days ending on the second Trading Day immediately preceding the first day of the relevant six-month period.
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Applicable Five Trading Day Period means the five Trading Days ending on the third Trading Day immediately preceding the first day of the applicable Semiannual Period; provided, however, that if the Company declares a dividend on the Common Stock for which the record date (the "Common Stock Record Date") falls prior to the first day of the next Semiannual Period, but the payment date for the Common Stock falls within such Semiannual Period, then, the "Applicable Five Trading Day Period" shall mean the five Trading Days ending on the third Trading Day immediately preceding such Common Stock Record Date. "Relevant Value" means the sum of the Issue Price, the accrued Original Issue Discount and accrued cash interest, if any, on such Security to the day immediately preceding the first day of the applicable Semiannual Period. "Security Market Price" means, as of any date of determination, the average of the secondary market bid quotations per $1,000 Principal Amount at Maturity of Securities obtained by the Bid Solicitation Agent for $5 million Principal Amount at Maturity of Securities at approximately 4:00 p.m., New York City time, on such determination date from three independent nationally recognized securities dealers (none of which shall be an Affiliate of the Company) selected by the Company; provided, however, that if (a) at least three such bids are not obtained by the Bid Solicitation Agent or (b) in the Company's reasonable judgment, the bid quotations are not indicative of the secondary market value of the Securities as of such determination date, then the Securities Market Price for such determination date shall equal the product of (i) the Conversion Rate in effect as of such determination date multiplied by (ii) the average Sale Price of the Common Stock for the five Trading Days ending on such determination date, appropriately adjusted to take into account the occurrence, during the period commencing on the first of such Trading Days during such five Trading Day period and ending on such determination date, of any event described in Section 11.06, 11.07 or 11.08 hereof (subject to the conditions set forth in Sections 11.08 and 11.10 hereof). The Original Issue Discount of the Securities will continue to accrue whether or not Contingent Cash Interest payments are made.
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Examples of Applicable Five Trading Day Period in a sentence

  • The Company shall pay Contingent Interest in cash to the Holders in respect of any six-month period from and including June 1 to and including November 30 and from and including December 1 to and including May 31, commencing with the six-month period beginning June 1, 2018, if the average Securities Price for the Applicable Five Trading Day Period with respect to such interest period equals 120% or more of $1,000 principal amount of Securities.

  • The Company shall pay Contingent Interest in cash to the Holders in respect of any six-month period from April 15 to October 14 and from October 15 to April 14, commencing with the six-month period beginning April 15, 2010, if the average Securities Price for the Applicable Five Trading Day Period with respect to such interest period equals 120% or more of $1,000 principal amount of Securities.

  • The Company shall make Contingent Cash Interest payments to the Holders of Securities, as set forth in Section 14.2 below, during any six month period from June 3 to December 2 and from December 3 to June 2, beginning with the six-month period commencing on June 3, 2008 (each, a "Semiannual Period") if, but only if, the average of the Security Market Prices for the Applicable Five Trading Day Period equals 120% or more of the Relevant Value of such Security.

  • TRAVEL TRAILER PARK: A plot of land designed and equipped to accommodate travel trailers for short periods of time.

  • You also agree to notify us promptly upon the issuance of any duplicate check, which replaces the check subject to the order, or upon return of the original check.

  • Insofar as an appeal was made to the High Court this must be exercised within 3 weeks of the confirmation of the order.

  • Defined in Term Section ---- ---------- "Applicable Five Trading Day Period" ..................................

  • During any Semiannual Period when Contingent Cash Interest is payable pursuant to this section, each Contingent Cash Interest payment due and payable on each $1,000 Principal Amount at Maturity shall be calculated for any Semiannual Period, at a rate equal to a per annum rate of 1.25% of the Security Market Price for the Applicable Five Trading Day Period.

  • The Corporation shall pay Contingent Interest in cash to the Holders of the Securities of this series in respect of any six-month period from May 15 to November 14 and from November 15 to May 14, commencing with the six-month period beginning May 15, 2007, if the average Trading Price for each $1,000 principal amount of the Securities of this series for the Applicable Five Trading Day Period with respect to such interest period equals 120% or more of such principal amount of the Securities of this series.

  • Subject to the conditions of the Indenture and the accrual and record date provisions specified in this paragraph 5, the Company shall pay Contingent Cash Interest to the Securityholders during any Semiannual Period, with the initial six-month period commencing on September 25, 2009, if, but only if, the average of the Security Market Prices for the Applicable Five Trading Day Period equals 120% or more of the Relevant Value of such Security.


More Definitions of Applicable Five Trading Day Period

Applicable Five Trading Day Period means the five Trading Days ending on the third Trading Day immediately preceding the first day of the applicable Semiannual Period. "Relevant Value" means the sum of the Issue Price and the accrued Original Issue Discount on such Security to the day immediately preceding the first day of the applicable Semiannual Period. "Security Market Price" means, as of any date of determination, the average of the secondary market bid quotations per $1,000 Principal Amount at Maturity of Securities 71
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Applicable Five Trading Day Period means, with respect to any Contingent Interest Period, the five trading days ending on the second trading day immediately preceding the first day of such Contingent Interest Period; provided, however, if the Company shall have declared a Cash Dividend on its Common Stock that is payable during such Contingent Interest Period but for which the record date for determining stockholders entitled thereto precedes the first day of such Contingent Interest Period, then "Applicable Five-Trading-Day Period" means, with respect to such Contingent Interest Period, the five trading days ending on the second trading day immediately preceding such record date.
Sample 1
Applicable Five Trading Day Period means, with respect to any Contingent Interest Period, the five Trading Days ending on the third Trading Day immediately preceding the first day of such Contingent Interest Period.
Sample 1
Applicable Five Trading Day Period means a day during which trading in securities generally occurs on the New York Stock Exchange or, if the Republic Stock is not listed on the New York Stock Exchange, on the principal other U.S. national or regional securities exchange on which the Republic Stock is then listed or, if the Republic Stock is not listed on a U.S. national or regional securities exchange, on the principal other market on which the Republic Stock is then traded and, when used elsewhere in the Indenture, means a day during which trading in securities generally occurs on the principal market on which the Common Stock is then traded, if any. From and after the effective time of this First Supplemental Indenture, the following terms shall be added as additional definitions in Section 1.01 of Article 1 of the Indenture in appropriate alphabetical sequence:
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Related to Applicable Five Trading Day Period

  • Last Trading Day means, for a particular Contract, the last date on which that Contract may be traded on the Market.

  • Scheduled Trading Day means a day that is scheduled to be a Trading Day on the principal U.S. national or regional securities exchange or market on which the Common Stock is listed or admitted for trading. If the Common Stock is not so listed or admitted for trading, “Scheduled Trading Day” means a Business Day.

  • Average Daily Trading Volume means, with respect to any date, the average of the daily trading volumes for the Class A Common Stock on the Principal Trading Facility for the thirty (30) Trading Days immediately preceding such date.

  • VWAP Trading Day means a day on which (A) there is no VWAP Market Disruption Event; and (B) trading in the Common Stock generally occurs on the principal U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock is then traded. If the Common Stock is not so listed or traded, then “VWAP Trading Day” means a Business Day.

  • Subsequent Rate Period means, with respect to any Series of VMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation and if a place or places are not so specified, in the jurisdiction of the Obligation Currency.

  • Inactive Trading Account means a Client's trading account which has not had an open position, pending order, or non-trading operation in 3 months period.

  • Index Business Day means, in respect of an Index, any day on which the Index Sponsor in respect of such Index is scheduled to publish the level of the Index.

  • Trading Day means a day on which the principal Trading Market is open for trading.

  • Optional Reset Date has the meaning specified in Section 3.7.

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Average Trading Price means, with respect to any period, the average of the Market Prices on the last trading day of each full or partial calendar quarter included within such period.

  • ECB Recommended Rate Index Cessation Event means the occurrence of one or more of the following events:

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Auction Period means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

  • Pricing Period means the five (5) consecutive Trading Days after the Advance Notice Date.

  • Standard Settlement Period means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Exercise.

  • Announcement Date means the date of first public announcement of the proposed Business Combination.

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Trading Period means the term as defined in the NEPOOL GIS Operating Rules.

  • Settlement Period has the meaning specified therefor in Section 2.02(d)(i) hereof.

  • SOFR Index Cessation Date means, in respect of a SOFR Index Cessation Event, the date on which the FRBNY (or any successor administrator of the SOFR), ceases to publish the SOFR, or the date as of which the SOFR may no longer be used.

  • Make-Whole Fundamental Change Period shall have the meaning specified in Section 14.03(a).

  • Threshold Period shall have the meaning set forth in Section 6(d).

  • Average Closing Price means the average of the closing market prices of a Share over the last five (5) Market Days on which transactions in the Shares were recorded on the SGX-ST immediately preceding the date of the Market Purchase by the Company or, as the case may be, the date of the making of the offer pursuant to the Off-Market Purchase, and deemed to be adjusted for any corporate action that occurs after the relevant five-day period; and

  • Applicable Unscheduled Principal Receipt Period With respect to the Mortgage Loans serviced by each Servicer and each of Full Unscheduled Principal Receipts and Partial Unscheduled Principal Receipts, the Unscheduled Principal Receipt Period specified on Schedule I hereto, as amended from time to time by the Master Servicer pursuant to Section 10.01(b) hereof.