Examples of Company Conversion Measuring Period in a sentence
If an Event of Default occurs during any applicable Company Conversion Measuring Period, then either (i) the Holder shall return any Pre-Installment Conversion Shares delivered in connection with the applicable Installment Date or (ii) the Conversion Amount used to calculate the Event of Default Redemption Price shall be reduced by the product of (x) the Company Conversion Amount applicable to such Installment Date multiplied by (y) the Conversion Share Ratio (as defined below).
On the Trading Day immediately after the end of the Company Conversion Measuring Period (the "Installment Settlement Date"), the Company shall, or shall direct the Transfer Agent to, deliver to the Holder's account with DTC a number of additional shares of Common Stock, if any, equal to the Installment Balance Conversion Shares.
Notwithstanding the foregoing, unless the Company is given notice to the contrary by the Holder, if the arithmetic average of the Weighted Average Price of the Common Shares during the applicable Company Conversion Measuring Period is greater than the Conversion Price, then the Company shall be deemed to have elected a Company Conversion in the Company Installment Notice as to the entire applicable Installment Amount.
If a Triggering Event occurs during any applicable Company Conversion Measuring Period, then either (i) such Holder shall return any Pre-Company Installment Shares delivered in connection with the applicable Installment Date or (ii) the Stated Value used to calculate the applicable Triggering Event Redemption Price shall be reduced by the product of (x) the aggregate Stated Value of such Holder’s Installment Amount with respect to such Installment Date multiplied by (y) the Conversion Share Ratio.
On the Trading Day immediately after the end of the Company Conversion Measuring Period (the “Installment Settlement Date”), the Company shall, or shall direct the Transfer Agent to, deliver to the Holder’s account with DTC a number of additional Conversion Shares, if any, equal to the Installment Balance Conversion Shares.
On the Trading Day immediately after the end of the Company Conversion Measuring Period (the "INSTALLMENT SETTLEMENT DATE"), the Company shall, or shall direct the Transfer Agent to, deliver to the Holder's account with DTC, or issue to the Holder a certificate for, a number of additional shares of Common Stock, if any, equal to the Installment Balance Conversion Shares.
If an Event of Default occurs during any applicable Company Conversion Measuring Period and the Holder elects an Event of Default Redemption in accordance with Section 4(b), then, the Holder shall receive the Event of Default Redemption Price with respect to a principal amount which shall include the last Installment Amount less the Installment Amount Deemed Paid.
On the day immediately following the last day of the Company Conversion Measuring Period, the Company shall provide notice to the Holder of the applicable Company Conversion Price.
Notwithstanding the foregoing, unless the Company is given notice to the contrary by the Holder, if the arithmetic average of the Weighted Average Price of the Common Stock during the applicable Company Conversion Measuring Period (as defined in Section 29 below) is greater than the Conversion Price, then the Company shall be deemed to have elected a Company Conversion in the Company Installment Notice as to the entire applicable Installment Amount.
The Mandatory Conversion and Optional Redemption Notice shall be irrevocable and no Mandatory Conversion and Optional Redemption Notice shall be delivered (x) within two (2) Trading Days after any prior Mandatory Conversion and Optional Redemption Date or (y) only if the Company has elected a Mandatory Conversion in the Mandatory Conversion and Optional Redemption Notice, during any Company Conversion Measuring Period.