Conversion Consideration. (a) Upon surrendering any Notes for conversion, the Holder of such Notes shall receive, in respect of each $1,000 principal amount of Notes, a number of shares of Common Stock equal to the Applicable Conversion Rate. (b) When a Holder receives Common Stock upon conversion of Notes, such Holder will also receive the associated rights under the Company’s stockholder rights plan adopted in 1997 related to its Series A Junior Participating Preferred Stock Purchase Rights and any stockholder rights plan that the Company may subsequently adopt, whether or not the rights have separated from the Common Stock at the time of conversion unless, prior to conversion, the rights have expired, terminated or been exchanged.
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Sources: Indenture (Ciena Corp), Indenture (Ciena Corp)
Conversion Consideration. (a) Upon surrendering any Notes for conversion, the Holder of such Notes shall receive, in respect of each $1,000 principal amount of Notes, a number of shares of Common Stock equal to the Applicable Conversion RateRate in effect on the Conversion Date plus cash, if any, in payment of fractional shares.
(b) When a Holder receives Common Stock upon conversion of Notes, such Holder will also receive the associated any rights under the Company’s stockholder rights plan adopted in 1997 related to its Series A Junior Participating Preferred Stock Purchase Rights and any stockholder rights plan that the Company may subsequently adopt, whether or not the rights have separated from the Common Stock at the time of conversion unless, prior to conversion, the rights have expired, terminated or been exchanged.
Appears in 1 contract
Sources: Indenture (Ciena Corp)
Conversion Consideration. (a) Upon surrendering any Notes for conversion, the Holder of such Notes shall receive, in respect of each $1,000 principal amount of Notes, a number of shares of Common Stock equal to the Applicable Conversion RateRate in effect on the Conversion Date plus cash, if any, in payment of fractional shares, Make-whole Premium amounts or amounts in lieu of any Additional Shares.
(b) When a Holder receives Common Stock upon conversion of Notes, such Holder will also receive the associated any rights under the Company’s stockholder rights plan adopted in 1997 related to its Series A Junior Participating Preferred Stock Purchase Rights and any stockholder rights plan that the Company may subsequently adopt, whether or not the rights have separated from the Common Stock at the time of conversion unless, prior to conversion, the rights have expired, terminated or been exchanged.
Appears in 1 contract
Sources: Indenture (Ciena Corp)
Conversion Consideration. (a) Upon surrendering any Notes for conversion, the Holder of such Notes shall receive, in respect of each $1,000 principal amount of Notes, a number of shares of Common Stock equal to the Applicable Conversion Rate.
(b) When a Holder receives Common Stock upon conversion of Notes, such Holder will also receive the associated rights under the Company’s stockholder rights plan adopted in 1997 related to its Series A Junior Participating Preferred Stock Purchase 's Rights Agreement dated May 17, 2002 and any stockholder rights plan that the Company may subsequently adopt, whether or not the rights have separated from the Common Stock at the time of conversion unless, prior to conversion, the rights have expired, terminated or been exchanged.
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