Bond Hedge definition

Bond Hedge means any hedging agreement that is settled (after payment of any premium or any prepayment thereunder) through the delivery of cash and/or of Equity Interests of the Borrower and is entered into in connection with any Convertible Debt Securities in customary form (including, but not limited to, any bond hedge transaction, warrant transaction, or capped call transaction).
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Bond Hedge shall have the meaning set forth in Section 6.04(xviii).
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Bond Hedge has the meaning specified in the definition of “Swap Contract”.
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Examples of Bond Hedge in a sentence

  • For the avoidance of doubt, none of (a) the sale of any Permitted Convertible Indebtedness, (b) the sale of any Warrant Transaction, (c) the purchase of any Bond Hedge Transaction or (d) the performance by Borrower of its obligations under any Permitted Convertible Indebtedness, any Warrant Transaction or any Bond Hedge Transaction (including the settlement or termination of any Bond Hedge Transaction or Warrant Transaction) shall constitute a Transfer.

  • Notwithstanding anything to the contrary in the foregoing, the entry into, performance of obligations under and any amendment, modification or change expressly required to be made under any Permitted Convertible Indebtedness, Permitted Bond Hedge Transaction and Permitted Warrant Transaction (including, for the avoidance of doubt, giving effect to anti-dilution and similar adjustments pursuant to the respective terms thereof) will be deemed to not be materially adverse to the interests of the Lenders.

  • There occurs under any Permitted Bond Hedge Transaction or Permitted Warrant Transaction an Early Termination Date (as defined therein) resulting from any event of default thereunder as to which Parent or any Subsidiary is the Defaulting Party (as defined therein) and the net termination value owed by Parent or such Subsidiary as a result thereof is greater than the Threshold Amount, and such termination value is required to be paid in cash and may not be settled by the delivery of common stock of Parent.

  • Engage, or permit any of its Subsidiaries to engage, in any transaction involving commodity options or futures contracts or any similar speculative transactions; provided, however, that all transactions pursuant to any Permitted Bond Hedge Transaction or Permitted Warrant Transaction by any of the Loan Parties and their respective Subsidiaries, shall be deemed to be non-speculative.

  • For the purposes of determining whether any Convertible Notes will be Relevant Convertible Notes hereunder or under the Base Bond Hedge Transaction Confirmation, Convertible Notes that are converted pursuant to the Indenture shall be allocated first to the Base Bond Hedge Transaction Confirmation until all Options thereunder are exercised or terminated.

  • The “Notice Percentage” as of any day is the fraction, expressed as a percentage, (i) the numerator of which is the sum of (A) the Number of Shares and (B) the Number of Shares representing the Number of Options outstanding as at the time with respect to the confirmation between the Counterparty and ▇▇▇▇▇▇▇ ▇▇▇▇▇ Financial Markets, L.P. regarding the Convertible Bond Hedge dated January 17, 2007 (the “2007 Bond Hedge”) and (ii) the denominator of which is the number of Shares outstanding on such day.

  • One or more call options referencing Forestar Group’s common stock written by Forestar Group substantially contemporaneously with the purchase by Forestar Group of Convertible Bond Hedge Transactions and having an initial strike or exercise price (howsoever defined) greater than the strike or exercise price (howsoever defined) of such Convertible Bond Hedge Transactions.

  • The Convertible Bond Hedge Transactions, the Warrant Transactions and the Capped Call Transactions.

  • Parent and the Borrower will not, and will not permit any of their respective Subsidiaries to, enter into any Hedging Transaction, other than (x) Hedging Transactions entered into by Parent or any of its Subsidiaries in the ordinary course of business to hedge or mitigate risks to which Parent or any of its Subsidiaries is exposed in the conduct of its business or the management of its liabilities, (y) the Permitted Bond Hedge Transaction or (z) the Permitted Warrant Transaction.

  • The Company shall promptly provide Parent with any written notices or other documents received from any Bond Hedge Counterparty with respect to any determination, adjustment or computation under, or in connection with any discussions or negotiations related to, the Company Bond Hedge Transactions or Company Warrants.


More Definitions of Bond Hedge

Bond Hedge means one or more call options or capped call options purchased by the Company from one or more financial institutions to hedge the Company’s exposure to any payments and/or deliveries due in respect of convertible debt issued by the Company.
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Bond Hedge means any call options or capped call options or similar derivative instrument referencing Borrower’s common stock purchased by Borrower substantially concurrently with the issuance of Convertible Notes to hedge Borrower’s obligations under such Convertible Notes with a strike price or exercise price (howsoever defined) (or, in the case of capped call options, a lower strike price or exercise price (howsoever defined)) initially equal to the conversion or exchange price (howsoever defined) of the related Convertible Notes (subject to rounding); provided that the purchase price for such Bond Hedge, less the proceeds received by the Borrower from the sale of any related Warrant, if any, does not exceed the net proceeds received by the Borrower from the sale of such Convertible Notes.
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Bond Hedge means any call or capped call option (or substantively equivalent derivative transaction) relating to the Borrower’s Equity Interests purchased by the Borrower in connection with the issuance of any Convertible Notes and settled in Equity Interests of the Borrower, cash and/or a combination of cash and Equity Interests of the Borrower (such amount of cash determined by reference to the price of the Borrower’s Equity Interests), and cash in lieu of fractional shares so long as the purchase price for such Bond Hedge, after deducting the amount of any premium received by the Borrower under any Warrants, does not exceed the net proceeds received by the Borrower from the sale of such Convertible Notes issued in connection therewith. “Convertible Notes” means unsecured convertible securities of the Borrower which are convertible into Equity Interests of the Borrower, cash and/or a combination of cash and Equity Interests of the Borrower. “Payment” has the meaning assigned to it in Section 8.06(c). “Payment Notice” has the meaning assigned to it in Section 8.06(c). “Warrants” means any call option, warrant or right to purchase (or substantively equivalent derivative transaction) relating to the Borrower’s Equity Interests sold by the Borrower substantially concurrently with any purchase by the Borrower of a Bond Hedge and settled in Equity Interests of the Borrower, cash and/or a combination of cash and Equity Interests of the
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Related to Bond Hedge

  • Permitted Bond Hedge Transaction means any call or capped call option (or substantively equivalent derivative transaction) on the Parent’s common Equity Interests purchased by the Parent in connection with the issuance of any Convertible Indebtedness; provided that the purchase price for such Permitted Bond Hedge Transaction does not exceed the net proceeds received by the Parent from the sale of such Convertible Indebtedness issued in connection with the Permitted Bond Hedge Transaction.

  • Secured Hedging Agreement means any Hedging Agreement between a Credit Party and a Hedging Agreement Provider, as amended, restated, amended and restated, modified, supplemented or extended from time to time.

  • Interest Swap and Hedging Obligation means any obligation of any Person pursuant to any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate exchange agreement, currency exchange agreement or any other agreement or arrangement designed to protect against fluctuations in interest rates or currency values, including, without limitation, any arrangement whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a fixed or floating rate of interest on a stated notional amount in exchange for periodic payments made by such Person calculated by applying a fixed or floating rate of interest on the same notional amount.

  • Rate Hedging Agreement means an agreement, device or arrangement providing for payments which are related to fluctuations of interest rates, exchange rates or forward rates, including, but not limited to, dollar-denominated or cross-currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options, puts and warrants.

  • Secured Hedging Obligations means all debts, liabilities and obligations of the Borrower or any Restricted Subsidiary in respect of any Secured Hedging Agreement.