Common use of The Underlying Securities Clause in Contracts

The Underlying Securities. Upon issuance and delivery of the Securities in accordance with this Agreement and the Indenture, the Securities will be convertible at the option of the holder thereof into cash, shares of the Underlying Securities or a combination of cash and Underlying Securities, at the Company’s election, in accordance with the terms of the Securities; the maximum number of Underlying Securities issuable upon conversion of the Securities (assuming full physical settlement of the Securities upon conversion and the maximum conversion rate under any “make-whole” adjustment applies (the “Conversion Shares”)) have been duly authorized and reserved for issuance upon conversion of the Securities and, when and to the extent issued upon conversion of the Securities in accordance with the terms of the Securities, will be validly issued, fully paid and non-assessable, and the issuance of any Underlying Securities will not be subject to any preemptive or similar rights that have not been duly waived or satisfied.

Appears in 3 contracts

Samples: Loan and Security Agreement (Advanced Micro Devices Inc), Nevro Corp, Alder Biopharmaceuticals Inc

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The Underlying Securities. Upon issuance and delivery of the Securities in accordance with this Agreement and the Indenture, holders may convert the Securities will be convertible at into cash up to the option aggregate principal amount of the holder thereof into such Securities and cash, shares of the Underlying Securities or a combination of cash and Underlying Securities, at the Company’s election, in respect of the remainder, if any, of the Company’s conversion obligation in excess of the aggregate principal amount of such Securities being converted, in accordance with the terms of the Securities; Securities and the maximum number of Indenture. The Underlying Securities issuable upon conversion of the Securities (assuming full physical settlement of the Securities upon conversion and (i) the maximum conversion rate under any “make-whole” adjustment applies and (ii) the Initial Purchasers exercise their option to purchase the Option Securities in full) (the “Conversion SharesMaximum Number of Underlying Securities)) have been duly authorized and reserved for issuance upon such conversion of the Securities andby all necessary corporate action and such Underlying Securities, when and to the extent issued upon such conversion of the Securities in accordance with the terms of the SecuritiesSecurities and the Indenture, will be validly issued, issued and will be fully paid and non-assessable, ; and the issuance of any Underlying Securities such shares upon such conversion will not be subject to any preemptive or other similar rights that have not been duly waived or satisfiedrights.

Appears in 1 contract

Samples: Purchase Agreement (Lyft, Inc.)

The Underlying Securities. Upon issuance and delivery of the Securities in accordance with this Agreement and the Indenture, holders may convert the Securities will be convertible at into cash up to the option aggregate principal amount of the holder thereof into such Securities and cash, shares of the Underlying Securities or a combination of cash and Underlying Securities, at the Company’s election, in respect of the remainder, if any, of the Company’s conversion obligation in excess of the aggregate principal amount of such Securities being converted in accordance with with, and subject to, the terms of the SecuritiesSecurities and the Indenture; the maximum a number of Underlying Securities issuable upon equal to the product of (x) the number of Securities (assuming the Initial Purchasers exercise their option to purchase Option Securities in full) and (y) the conversion of rate for the Securities (assuming full physical settlement of the Securities upon conversion and the maximum increase to the conversion rate under any “make-whole” adjustment applies (the adjustment)(the “Conversion Shares”)) have been duly authorized and reserved for issuance upon conversion of the Securities and, when and to the extent issued upon conversion of the Securities in accordance with the terms of the SecuritiesSecurities and the Indenture, will be validly issued, fully paid and non-assessablenonassessable, and the issuance of any Underlying Securities will not be subject to any preemptive or similar rights that have not been duly waived or satisfiedrights.

Appears in 1 contract

Samples: Purchase Agreement (Lci Industries)

The Underlying Securities. Upon issuance and delivery of the Securities in accordance with this Agreement and the Indenture, the Securities will be convertible at the option of the holder thereof into cash, shares of the Underlying Securities or a combination of cash and Underlying Securities, at the Company’s election, in accordance with the terms of the Securities; the maximum number of Underlying Securities issuable reserved for issuance upon conversion of the Securities (assuming full physical settlement of the Securities upon conversion and the maximum conversion rate under any “make-whole” adjustment applies (the “Conversion Shares”)) have been duly authorized and reserved for issuance upon conversion of the Securities and, when and to the extent issued upon conversion of the Securities in accordance with the terms of the Securities, will be validly issued, fully paid and non-assessable, and the issuance of any Underlying Securities will not be subject to any preemptive or similar rights that have not been duly waived or satisfiedrights.

Appears in 1 contract

Samples: Purchase Agreement (CSG Systems International Inc)

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The Underlying Securities. Upon issuance and delivery of the Securities in accordance with this Agreement and the Indenture, the Securities will be convertible at the option of the holder thereof into cash, shares of the Underlying Securities or a combination of cash and Underlying Securities, at the Company’s election, in accordance with the terms of the SecuritiesSecurities and the Indenture; the maximum number of Underlying Securities initially issuable upon conversion of the Securities (assuming full physical settlement of the Securities upon conversion and the maximum conversion rate under any “make-whole” adjustment applies applies) (the “Conversion Shares”)) have been duly authorized and reserved for issuance upon conversion of the Securities and, when and to the extent issued upon conversion of the Securities in accordance with the terms of the SecuritiesSecurities and the Indenture, will be validly issued, fully paid and non-assessable, and the issuance of any Underlying Securities will not be subject to any preemptive or similar rights that have not been duly waived or satisfiedrights.

Appears in 1 contract

Samples: Purchase Agreement (Accelerate Diagnostics, Inc)

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