Reset Event definition
Examples of Reset Event in a sentence
In the case of a Reset Event under (ii) or (iii) above, the Conversion Price shall be automatically reduced upon the occurrence of such Reset Event.
If a Remarketing Reset Event occurs, from and after the applicable Remarketing Reset Event Date, the Company will no longer be required to pay Contingent Interest.
Upon the occurrence of a Reset Event, the applicable LIBOR will be reset on the Reset Date to be equal to the LIBOR applicable on the newly issued trust preferred capital securities with the same LIBOR Determination Dates issued by other trust subsidiaries of bank holding companies or thrift holding companies who issue LIBOR based 30 year floating rate trust preferred capital securities to Regional Diversified Funding 2004-2 Ltd.
Notwithstanding the foregoing, if a Remarketing Reset Event occurs, from and after the date of such Remarketing Reset Event, the Securities shall no longer be convertible into Common Stock.
A Reset Event will occur if on any day specified by the Initial Purchaser, Regional Diversified Funding 2004-2 Ltd.