Called Notes definition
Examples of Called Notes in a sentence
For the avoidance of doubt, the Company shall increase the Conversion Rate for the Notes converted during the related Redemption Period as set forth in clause (y) of this Section 13.03(a) only with respect to Called Notes, and not for Notes that are not Called Notes.
If a Holder elects to convert Called Notes during the related Redemption Period, the Company will, under certain circumstances, increase the Conversion Rate for such Called Notes pursuant to Section 13.03.
After that time, the right to convert Called Notes on account of the Company’s delivery of the Redemption Notice shall expire.
In the case of any other Make-Whole Fundamental Change or in the case of any conversion of Called Notes during the related Redemption Period as set forth in clause (y) of Section 13.03(a), the Stock Price shall be the average of the Last Reported Sale Prices of the Common Stock over the five consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the Effective Date of the Make-Whole Fundamental Change or the Redemption Notice Date, as the case may be.
Accordingly, if the Company elects to redeem fewer than all of the Notes pursuant to an Optional Redemption, Holders of the Notes that are not Called Notes will not be entitled to convert such Notes pursuant to this Section 13.01(b)(v) and will not be entitled to an increase in the Conversion Rate on account of the Redemption Notice pursuant to Section 13.03, even if such Notes are otherwise convertible pursuant to any other provision of this Section 14.01(b).