Trading Price Condition definition

Trading Price Condition shall have the meaning specified in Section 14.01(b)(i).

Trading Price Condition has the meaning specified in Section 4.01(a)(ii).

Trading Price Condition has the meaning specified in Section 12.01.

Examples of Trading Price Condition in a sentence

• If the Trading Price Condition has been met as set forth above, then the Company will notify the Holders, the Trustee and the Conversion Agent of the same.

• If, on any Trading Day after the Trading Price Condition has been met as set forth above, the Trading Price per $1,000 principal amount of Notes is greater than or equal to ninety eight percent (98%) of the product of the Last Reported Sale Price per share of Common Stock on such Trading Day and the Conversion Rate on such Trading Day, then the Company will notify the Holders, the Trustee and the Conversion Agent of the same.

• Upon receipt of such evidence, the Company shall instruct the Bid Solicitation Agent to determine the Trading Price per $1,000 principal amount of the Securities for each of the five (5) successive Trading Days immediately after the Company receives such evidence and on each Trading Day thereafter until the first Trading Day on which the Trading Price Condition is no longer satisfied.

• If, on any Trading Day after the Trading Price Condition has been met, the Trading Price per $1,000 principal amount of Notes is greater than or equal to ninety eight percent (98%) of the product of the Last Reported Sale Price of the Common Stock and the Conversion Rate for such Trading Day, the Company will so notify the Holders, the Trustee and the Conversion Agent (if other than the Trustee) in writing.

• Neither the Trustee nor the Conversion Agent shall be responsible to determine whether the Trading Price Condition has been satisfied.

More Definitions of Trading Price Condition

Trading Price Condition has the meaning specified in Section 7.01(a)(ii).

Trading Price Condition has the meaning specified in Section 4.01(b)(ii).

Trading Price Condition has the meaning specified in Section 10.01(a)(v).

Trading Price Condition shall have the meaning specified in Section 8.01(c).

Trading Price Condition means the period during any calendar quarter beginning after the date of the Public Listing (and only during such calendar quarter) when the Closing Sales Price of the Listed Stock for at least twenty (20) Trading Days in the thirty (30) consecutive Trading Days ending on the last Trading Day of the immediately preceding calendar quarter equals or exceeds the Conversion Price.

Trading Price Condition has the meaning specified in the form of Series A 2037 Notes, form of Series B 2037 Notes and form of Series C 2037 Notes attached hereto as Annex A, Annex B and Annex C, respectively.

Trading Price Condition shall be satisfied if, at any time after the date the Debentures are originally issued, the Trading Price per $1,000 principal amount of Debentures for any five (5) consecutive trading day period (the "MEASUREMENT PERIOD"), as determined following a request by a Holder in accordance with the next succeeding paragraph, for each day of that measurement period was less than 95% of the product of the last reported sale price of Common Stock and the conversion rate for such date (i.e. the number of shares of Common Stock $1,000 principal amount of Debentures are then convertible into) (the "PARITY VALUE"); provided that if, on the date of any conversion pursuant to the Trading Price Condition, the last reported sale price of Common Stock is between 100% and 120% of the then current conversion price of the Debentures, Holders shall receive, in lieu of Common Stock based on the conversion rate, Common Stock with a value equal to the principal amount of such Holder's Debentures plus accrued and unpaid interest and accrued and unpaid Additional Amounts and Contingent Interest, if any, as of the conversion date (a "PRINCIPAL VALUE CONVERSION"). The Common Stock delivered upon a principal value conversion will be valued at the greater of the conversion price on the conversion date and the last reported sale price on the third trading day after the conversion date. In connection with any conversion upon satisfaction of the Trading Price Condition, the Trustee (or other Conversion Agent appointed by the Company) shall have no obligation to determine the Trading Price of the Debentures unless the Company has requested such determination; and the Company shall have no obligation to make such request unless a Holder provides the Company with reasonable evidence that the Trading Price for $1,000 principal amount of Debentures would be less than the Parity Value. At such time, the Company shall instruct the Trustee or Conversion Agent, as the case may be, to determine the Trading Price of the Debentures beginning on the next trading day and on each successive trading day until, and only until, the Trading Price for $1,000 principal amount of Debentures is greater than or equal to the Parity Value. A "DIVIDEND PAYMENT PERIOD" shall commence on each date on which the Company has announced that it will (i) issue a Below Market Issuance, (ii) distribute a Cash Dividend or an Asset Distribution, which distribution has a per share value as determined in good faith by the Board of...