Common Rate definition
Common Rate has the meaning specified in Section 2.5(a).
Common Rate means, for any quarter, the fraction, expressed as a percentage rate per annum, the numerator of which is the aggregate dollar amount of Common Dividend paid on one Common Share during such quarter and the denominator of which is $9.00 (subject to adjustment in proportion to each adjustment to the Conversion Price triggered by events occurring prior to such quarter).
Common Rate means, for any quarter, the fraction, expressed as a percentage rate per annum, the numerator of which is the aggregate dollar amount of Common Dividend paid on one common share during such quarter and the denominator of which is $9.00, (subject to adjustment in proportion to each adjustment to the conversion price triggered by events occurring prior to such quarter). The indebtedness evidenced by this Convertible Debenture is, to the extent provided in the Indenture, subordinate and junior in right of payment to the prior payment in full of all Senior Indebtedness, and this Convertible Debenture is issued subject to the provisions of the Indenture with respect thereto. Each Holder of this Convertible Debenture, by accepting the same, (a) agrees to and shall be bound by such provisions, (b) authorizes and directs the Trustee on his or her behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination so provided and (c) appoints the Trustee his or her attorney-in-fact for any and all such purposes. Each Holder hereof, by his or her acceptance hereof, hereby waives all notice of the acceptance of the subordination provisions contained herein and in the Indenture by each holder of Senior Indebtedness, whether now outstanding or hereafter incurred, and waives reliance by each such holder upon said provisions. This Convertible Debenture shall not be entitled to any benefit under the Indenture hereinafter referred to, be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by or on behalf of the Trustee. The provisions of this Convertible Debenture are continued on the reverse side hereof and such continued provisions shall for all purposes have the same effect as though fully set forth at this place. Capitalized terms used but not defined herein shall have the meaning given them in the Indenture.
Examples of Common Rate in a sentence
During the Forbearance Period, to the extent the income, funds, cash collateral and other proceeds received under or in connection with an Applicable Agreement and/or Applicable Assets thereunder is insufficient to pay the Common Rate due on the applicable due date under such Applicable Agreement, the applicable Seller Entity shall pay such unpaid amount on such due date.
If the Company pays any Common Dividend during any quarter ending on an Interest Payment Date, the Coupon Rate in effect for such quarter shall automatically increase by the Common Rate.
More Definitions of Common Rate
Common Rate means, for any quarter, the fraction, expressed as a percentage rate per annum, the numerator of which is the aggregate dollar amount of Common Dividend paid on one common share during such quarter and the denominator of which is $9.00 (subject to adjustment in proportion to each adjustment to the Conversion Price (as defined below) triggered by events occurring prior to such quarter).