Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be. (b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election. (c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 23 contracts
Sources: Indenture (Ionis Pharmaceuticals Inc), Indenture (Mirion Technologies, Inc.), Indenture (Enovix Corp)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”)election, direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the relevant Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversionconversion (an “Exchange Election”). In order to accept any Notes surrendered for conversion for exchange in lieu of conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof of cash and Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)) as described in Section 14.02 above. If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the TrusteeHolder surrendering Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion ), in writing that the Company it has made the an Exchange Election, and the Company shall promptly concurrently notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration conversion consideration to be paid and/or delivered, as the case may be. Any Notes exchanged by the Designated Institution(s) will remain outstanding, subject to applicable procedures of the Depositary.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion ConsiderationConsideration to the Conversion Agent, or if such the Designated Financial Institution(s) does do(es) not accept the such Notes for exchange, the Company shall shall, within the time period specified in Section 14.02(c), pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at Consideration in accordance with the time, required pursuant to this Indenture as if the Company had not made the Exchange Electionprovisions of Section 14.02.
(c) The For the avoidance of doubt, in no event will the Company’s designation of any Designated Financial Institution(s) pursuant to which this Section 14.12 require the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any NotesNotes for exchange.
Appears in 11 contracts
Sources: Indenture (fuboTV Inc. /FL), Indenture (Cutera Inc), Indenture (Cutera Inc)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, cause such Notes to be delivered to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree in writing to timely pay and/or deliver, as the case may be, in exchange for such Notes, the amount of cash, number of shares of Common Stock or any combination thereof thereof, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by before the close of business on the Trading Business Day immediately following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company has made the Exchange Election, Election and the Company shall promptly notify the Designated Financial Institution(s), the Trustee and the Conversion Agent (if other than the Trustee) of the relevant deadline for payment and/or delivery of the Conversion Consideration Consideration. If the Company makes an Exchange Election, no later than the second Business Day immediately following the relevant Conversion Date, the Company shall deliver (or cause the Conversion Agent to deliver) the Notes surrendered for exchange to the Designated Financial Institution(s) in lieu of conversion. The Company, the Holder surrendering the Notes for conversion, the Designated Financial Institution(s) and the type of Conversion Consideration Agent shall cooperate to cause such Notes to be paid and/or delivered, as delivered to the case may beDesignated Financial Institution(s) and the Conversion Agent shall be entitled to conclusively rely upon the Company’s instruction in connection with effecting any Exchange Election and shall have no liability for such Exchange Election outside its control.
(b) Any Notes delivered to exchanged by the Designated Financial Institution(s) shall remain outstandingoutstanding notwithstanding the surrender of such Notes, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) Institution does not accept the Notes for exchange, the Company shall notify the Conversion Agent and the Holders surrendering the Notes for conversion in writing and shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture Consideration as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any NotesNotes and in such case, the Company shall notify the Conversion Agent of such refusal by the Designated Financial Institution(s).
Appears in 8 contracts
Sources: Indenture (Upstart Holdings, Inc.), Indenture (Upstart Holdings, Inc.), Indenture (Upstart Holdings, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”)election, direct the Conversion Agent to deliversurrender, on or prior to the Trading Business Day immediately following the relevant Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversionconversion (an “Exchange Election”). In order to accept any Notes surrendered for conversion for exchange in lieu of conversion, the Designated Financial Institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or a combination thereof of cash and shares of Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to as described in Section 14.02 above or such other amount agreed to by the converting Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Electionthe election described above, the Company shall, by the close of business on the Trading Business Day following the relevant Conversion Date, notify in writing the TrusteeHolder surrendering Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion ), that the Company it has made the Exchange Electionsuch election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivereddelivered (unless the form of Conversion Consideration has been otherwise agreed by the Holder and the Designated Institution(s) as set forth in this Section 14.12. Any Notes exchanged by any Designated Institution will remain outstanding, as subject to applicable procedures of the case may beDepositary.
(b) Any Notes delivered to the If any Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) Institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion ConsiderationConsideration to the Conversion Agent, or if such Designated Financial Institution(s) Institution does not accept the such Notes for exchange, the Company shall shall, within the time period specified in Section 14.02(c), pay and/or or deliver, as the case may be, the relevant Conversion Consideration, as, and at Consideration in accordance with the time, required pursuant to this Indenture provisions of Section 14.02 as if the Company had not made the Exchange Election.
(c) The For the avoidance of doubt, in no event will the Company’s designation of any a Designated Financial Institution(s) Institution pursuant to which the Notes may be submitted for exchange does not this Section 14.12 require such Designated Financial Institution(s) Institution to accept any NotesNotes for exchange.
Appears in 7 contracts
Sources: Indenture (Brookdale Senior Living Inc.), Indenture (Brookdale Senior Living Inc.), Indenture (Brookdale Senior Living Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Business Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock ADSs or a combination thereof thereof, as applicable, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Business Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, Election and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to exchanged by the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 7 contracts
Sources: Indenture (NIO Inc.), Indenture (Sea LTD), Indenture (Pinduoduo Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent in writing to deliversurrender, on or prior to the Trading second Business Day immediately following the relevant Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) designated institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or a combination thereof of cash and shares of Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to as described in Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Business Day immediately following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion and the Trustee that the Company has made the Exchange Election, Election and the Company shall promptly notify the Designated Financial Institution(s) designated institution of the Settlement Method the Company has elected with respect to such conversion and the relevant deadline for payment and/or delivery of the Conversion Consideration and Consideration.
(b) If the type of Conversion Consideration to be paid designated institution accepts any such Notes, it shall pay and/or delivereddeliver, as the case may be.
(b) , the cash, shares of Common Stock or a combination thereof due upon conversion to the Conversion Agent, and the Conversion Agent shall pay and/or deliver such cash and/or shares of Common Stock to such Holder on the third Business Day immediately following the relevant Conversion Date. Any Notes delivered to exchanged by the Designated Financial Institution(s) shall designated institution will remain outstanding, subject to the applicable procedures of the DepositaryDTC procedures. If the Designated Financial Institution(s) agree(s) designated institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, deliver the related Conversion Consideration, or if such Designated Financial Institution(s) designated institution does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, deliver the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture Consideration as if the Company had not made the an Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) a financial institution to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) institution to accept any Notes. The Company may, but shall not be obligated to, enter into a separate agreement with any designated institution that would compensate it for any such transaction.
Appears in 7 contracts
Sources: Indenture (MICROSTRATEGY Inc), Indenture (MICROSTRATEGY Inc), Indenture (MICROSTRATEGY Inc)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent in writing to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or and deliver, as the case may be, in exchange for such Notes, cash up to the aggregate principal amount of such Notes, and cash, shares of Common Stock or a combination thereof of cash and shares of Common Stock, 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 Notes that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by before the close of business on the Trading Day immediately following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or and delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or and deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) Institution does not accept the Notes for exchange, the Company shall pay and/or and deliver, as the case may be, the relevant Conversion Consideration, Consideration as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 6 contracts
Sources: Indenture (Centerpoint Energy Inc), Indenture (Wec Energy Group, Inc.), Indenture (Wec Energy Group, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or and deliver, as the case may be, in exchange for such Notes, cash up to the aggregate principal amount of such Notes and cash, shares of Common Stock or combination thereof thereof, at the Company’s election, in respect of the remainder, if any, of the Conversion Obligation in excess of the aggregate principal amount of such Notes that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may beapplicable Cash Percentage.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or and deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or and deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 6 contracts
Sources: Indenture (Alliant Energy Corp), Indenture (Firstenergy Corp), Indenture (Firstenergy Corp)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent in writing to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, cash up to the aggregate principal amount of the Notes to be converted and pay or deliver, as the case may be, cash, shares of Common Stock or combination thereof that would otherwise be at the election of the Company due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstandingoutstanding and the Designated Financial Institution(s) shall be the holder(s) of the Notes, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall notify the Trustee, the Conversion Agent and the Holder surrendering its Notes for conversion and pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange ElectionElection and the Notes will be cancelled in accordance with the provisions of this Indenture.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 6 contracts
Sources: Indenture (WisdomTree, Inc.), Indenture (WisdomTree, Inc.), Indenture (WisdomTree, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(sdesignated financial institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or a combination thereof of cash and shares of Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to as described under Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)14.02. If the Company makes an Exchange Election, the Company it shall, by the close of business on the Trading Day immediately following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company it has made the such Exchange Election, Election and the Company shall promptly notify the Designated Financial Institution(sdesignated financial institution(s) of the relevant deadline for delivery payment or delivery, as the case may be, of the Conversion Consideration conversion consideration and the type of Conversion Consideration conversion consideration to be paid and/or or delivered, as the case may be.
(b) Any Notes delivered to exchanged by the Designated Financial Institution(sdesignated financial institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(sdesignated financial institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or or deliver, as the case may be, the related Conversion Considerationconversion consideration, or if such Designated Financial Institution(sdesignated financial institution(s) does not accept the Notes for exchange, the Company shall pay and/or or deliver, as the case may be, the relevant consideration due in respect of the Conversion ConsiderationObligation, as, and at the time, required pursuant to this Indenture as if the Company had not made the an Exchange Election. So long as the Notes are eligible for book-entry settlement with the Depositary, the Company shall comply with the applicable procedures of the Depositary.
(c) The Company’s designation of any Designated Financial Institution(sfinancial institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(sinstitution(s) to accept any Notes. The Company may, but will not be obligated to, pay any consideration to, or otherwise enter into any agreement with, the designated financial institution(s) for or with respect to such designation.
Appears in 6 contracts
Sources: Indenture (Wayfair Inc.), Indenture (Wayfair Inc.), Indenture (Wayfair Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”)election, direct the Conversion Agent to deliversurrender, on or prior to the Trading Business Day immediately following the relevant Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversionconversion (an “Exchange Election”). In order to accept any Notes surrendered for conversion for exchange in lieu of conversion, the Designated Financial Institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or a combination thereof of cash and shares of Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to as described in Section 14.02 above or such other amount agreed to by the converting Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Electionthe election described above, the Company shall, by the close of business on the Trading Business Day following the relevant Conversion Date, notify in writing the TrusteeHolder surrendering Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion ), that the Company it has made the Exchange Electionsuch election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivereddelivered (unless the form of Conversion Consideration has been otherwise agreed by the Holder and the Designated Institution(s) as set forth in this Section 14.12). Any Notes exchanged by any Designated Institution will remain outstanding, as subject to applicable procedures of the case may beDepositary.
(b) Any Notes delivered to the If any Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) Institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion ConsiderationConsideration to the Conversion Agent, or if such Designated Financial Institution(s) Institution does not accept the such Notes for exchange, the Company shall shall, within the time period specified in Section 14.02(c), pay and/or or deliver, as the case may be, the relevant Conversion Consideration, as, and at Consideration in accordance with the time, required pursuant to this Indenture provisions of Section 14.02 as if the Company had not made the Exchange Election.
(c) The For the avoidance of doubt, in no event will the Company’s designation of any a Designated Financial Institution(s) Institution pursuant to which the Notes may be submitted for exchange does not this Section 14.12 require such Designated Financial Institution(s) Institution to accept any NotesNotes for exchange.
Appears in 6 contracts
Sources: First Supplemental Indenture (Nikola Corp), Fourth Supplemental Indenture (Nikola Corp), Indenture (Nikola Corp)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”)election, direct the Conversion Agent to deliversurrender, on or prior to the close of business on the Scheduled Trading Day immediately following the relevant Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a the “Designated Financial Institution”) for exchange in lieu of conversionconversion (an “Exchange Election”). In order to To accept any Notes surrendered for conversion for exchange in lieu of conversion, the Designated Financial Institution(s) Institution must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof of cash and shares of Common Stock, at the Company’s election, that would otherwise be due upon on conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)) as described in Section 14.02 above. If the Company makes an Exchange Election, the Company shall, by the close of business on the Scheduled Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) ), and the Holder surrendering Notes for conversion that in respect of which the Company has made the an Exchange Election, that it has made such Exchange Election, and the Company shall promptly concurrently notify the Designated Financial Institution(s) Institution of the Settlement Method with respect to such conversion and the relevant deadline for delivery of the Conversion Consideration and Consideration. Any Notes exchanged by the type Designated Institution will remain outstanding, subject to Applicable Procedures of Conversion Consideration to be paid and/or delivered, as the case may beDepositary.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) Institution agrees to accept any Notes for exchange but does not timely pay and/or or deliver, as the case may be, the related Conversion ConsiderationConsideration to the Conversion Agent, or if such the Designated Financial Institution(s) Institution does not accept the such Notes for exchange, the Company shall shall, within the time period specified in Section 14.02(c), pay and/or or deliver, as the case may be, the relevant Conversion Consideration, as, and at Consideration in accordance with the time, required pursuant to this Indenture as if the Company had not made the Exchange Electionprovisions of Section 14.02.
(c) The For the avoidance of doubt, in no event will the Company’s designation of any a Designated Financial Institution(s) Institution pursuant to which this Section 14.12 require the Notes may be submitted for exchange does not require such Designated Financial Institution(s) Institution to accept any NotesNotes for exchange.
Appears in 5 contracts
Sources: Indenture (Snap Inc), Indenture (Snap Inc), Indenture (Snap Inc)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent in writing to deliversurrender, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) in writing to the Conversion Agent for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(sdesignated financial institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the amount of cash, shares Common Shares or a combination of cash and Common Stock or combination thereof Shares, at the Company’s election, that would otherwise be due upon conversion pursuant to as described under Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)14.02. If the Company makes an Exchange Election, the Company it shall, by the close of business on the Trading Day immediately following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company it has made the such Exchange Election, Election and the Company shall promptly notify the Designated Financial Institution(sdesignated financial institution(s) of the relevant deadline for delivery payment or delivery, as the case may be, of the Conversion Consideration conversion consideration and the type of Conversion Consideration conversion consideration to be paid and/or or delivered, as the case may be.
(b) Any Notes delivered to exchanged by the Designated Financial Institution(sdesignated financial institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(sdesignated financial institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or or deliver, as the case may be, the related Conversion Considerationconversion consideration, or if such Designated Financial Institution(sdesignated financial institution(s) does not accept the Notes for exchange, the Company shall pay and/or or deliver, as the case may be, the relevant consideration due in respect of the Conversion ConsiderationObligation, as, and at the time, required pursuant to this Indenture as if the Company had not made the an Exchange Election. So long as the Notes are eligible for book-entry settlement with the Depositary, the Company shall comply with the applicable procedures of the Depositary.
(c) The Company’s designation of any Designated Financial Institution(sfinancial institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(sinstitution(s) to accept any Notes. The Company may, but will not be obligated to, pay any consideration to, or otherwise enter into any agreement with, the designated financial institution(s) for or with respect to such designation.
(d) So long as the Notes are in the form of Global Notes, the Company shall comply with the applicable procedures of Depositary.
Appears in 5 contracts
Sources: Supplemental Indenture (Invacare Corp), Supplemental Indenture (Invacare Corp), Indenture (Invacare Corp)
Exchange in Lieu of Conversion. (aA) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be. The Conversion Agent will be entitled to conclusively rely upon the Company’s instruction in connection with effecting such Exchange Election and will have no liability in respect of such exchange election.
(bB) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) Institution does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(cC) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 5 contracts
Sources: Indenture (Peloton Interactive, Inc.), Indenture (Coinbase Global, Inc.), Indenture (Coinbase Global, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”)election, direct the Conversion Agent to deliversurrender, on or prior to the Scheduled Trading Day immediately preceding the first Trading Day of the applicable Observation Period (or, if the Company has elected Physical Settlement, on or prior to the Business Day immediately following the relevant Conversion Date), such Notes to one or more a financial institutions institution designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversionconversion (each, an “Exchange in Lieu of Conversion”). In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) designated financial institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, all of the cash, shares of Common Stock Ordinary Shares or a combination thereof that would otherwise be due upon conversion pursuant to conversion, all in accordance with Section 14.02 or such other amount agreed to by 14.02. By the Holder and close of business on the Designated Financial Institution(s) Scheduled Trading Day immediately preceding the first Trading Day of the applicable Observation Period (the “Conversion Consideration”). If or, if the Company makes an Exchange Election, the Company shallhas elected Physical Settlement, by the close of business on the Trading Business Day immediately following the relevant Conversion Date, notify in writing the Trustee), the Conversion Agent (if other than the Trustee) and Company shall notify the Holder surrendering Notes for conversion that the Company has made directed the designated financial institution to make an Exchange Electionin Lieu of Conversion.
(b) If the designated financial institution accepts any such Notes, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid it will pay and/or delivereddeliver, as the case may be.
, the cash, Ordinary Shares or a combination thereof due upon conversion to the Conversion Agent, and the Conversion Agent will pay and/or deliver such cash and/or Ordinary Shares to such Holder on the second Business Day immediately following the last Trading Day of the applicable Observation Period (b) or, if the Company has elected Physical Settlement, on the second Business Day immediately following the relevant Conversion Date). Any Notes delivered to exchanged by the Designated Financial Institution(s) shall designated institution will remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) designated financial institution agrees to accept any Notes for exchange but does not timely pay and/or deliverdeliver the related cash, Ordinary Shares or a combination thereof, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) designated financial institution does not accept the Notes for exchange, the Company shall convert the Notes and pay and/or deliver, as the case may be, the relevant Conversion Considerationcash, asOrdinary Shares or a combination thereof due upon conversion on the second Business Day immediately following the last Trading Day of the applicable Observation Period (or, and at the time, required pursuant to this Indenture as if the Company had not made has elected Physical Settlement, on the Exchange Electionsecond Business Day immediately following the relevant Conversion Date) in accordance with Section 14.02.
(c) The Company’s designation of any Designated Financial Institution(s) a financial institution to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) the financial institution to accept any NotesNotes (unless the financial institution has separately made an agreement with the Company). The Company may, but shall not be obligated to, enter into a separate agreement with any designated financial institution that would compensate the Company for any such transaction.
Appears in 5 contracts
Sources: Indenture (Camtek LTD), Indenture (Wix.com Ltd.), Indenture (Nova Ltd.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 5 contracts
Sources: Indenture (Euronet Worldwide, Inc.), Indenture (Shake Shack Inc.), Indenture (Alarm.com Holdings, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent cause such Notes to deliver, be delivered on or prior to the first Trading Day immediately following the Conversion Date, such Notes Date to one or more a financial institutions institution designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) designated financial institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to as described in Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)14.02. If the Company makes an Exchange Election, the Company shall, by the close of business on the first Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company it has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) designated financial institution of the Settlement Method it has elected with respect to such conversion and the relevant deadline for payment and/or delivery of cash, shares of Common Stock or a combination thereof due upon conversion. The Company, the Holder surrendering its Notes for conversion, and the Conversion Consideration and the type of Conversion Consideration Agent shall cooperate to cause such Notes to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) financial institution, and the Conversion Agent shall be entitled to conclusively rely upon the Company’s instruction in connection with effecting such Exchange Election and shall have no liability in respect of such Exchange Election outside its control. Any Notes exchanged by the designated financial institution, subject to Applicable Procedures, shall remain outstanding, subject to notwithstanding the applicable procedures surrender thereof by the Holder of the Depositarysuch Notes. If the Designated Financial Institution(s) agree(s) designated financial institution agrees to accept any Notes for exchange but does not timely pay and/or deliverdeliver the required cash, as the case may be, the related Conversion Considerationshares of Common Stock or a combination thereof due upon conversion, or if such Designated Financial Institution(s) designated financial institution does not accept the Notes for exchange, the Company shall notify the Trustee, the Conversion Agent and the Holder surrendering its Notes for conversion, and pay and/or deliverdeliver the required cash, as shares of Common Stock or a combination thereof due upon conversion to the case may be, the relevant Conversion Consideration, as, and converting Holder at the time, time and in the manner required pursuant to under this Indenture as if the Company had not made the an Exchange Election.
(c) . The Company’s designation of any Designated Financial Institution(s) a financial institution to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) that financial institution to accept any NotesNotes (unless the financial institution has separately made an agreement with the Company). The Company may, but shall not be obligated to, enter into a separate agreement with any designated financial institution that would compensate it for any such transaction. The Company will comply and will cause the designated financial institution to comply with the Applicable Procedures.
Appears in 4 contracts
Sources: Indenture (BILL Holdings, Inc.), Indenture (Bill.com Holdings, Inc.), Indenture (Upwork, Inc)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), deliver or direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 4 contracts
Sources: Indenture (PROS Holdings, Inc.), Indenture (PROS Holdings, Inc.), Indenture (PROS Holdings, Inc.)
Exchange in Lieu of Conversion. (a) When Notwithstanding anything herein to the contrary, when a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the second Trading Day immediately following the Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) designated financial institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock Stock, cash or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by at the Holder time and in the Designated Financial Institution(s) (the “Conversion Consideration”)manner provided in this Article 14. If the Company makes an Exchange Election, the Company shall, by the close of business on the second Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, Election and the Company shall promptly notify the Designated Financial Institution(s) designated financial institution of the Settlement Method the Company has elected with respect to such conversion and the relevant deadline for payment and/or delivery of the Conversion Consideration and the type shares of Conversion Consideration to be paid and/or deliveredCommon Stock, as the case may be.
(b) cash or a combination thereof due upon conversion. Any Notes delivered to exchanged by the Designated Financial Institution(s) designated financial institution shall remain outstanding, subject to the applicable procedures of the DepositaryOutstanding. If the Designated Financial Institution(s) agree(s) designated financial institution agrees to accept any Notes for exchange but does not timely pay and/or deliverdeliver the shares of Common Stock, as the case may be, the related Conversion Considerationcash or a combination thereof due upon conversion, or if such Designated Financial Institution(s) designated financial institution does not accept the Notes for exchange, the Company shall pay and/or deliverdeliver the shares of Common Stock, as cash or a combination thereof due upon conversion to the case may be, the relevant Conversion Consideration, as, and converting Holder at the time, required pursuant to time and in the manner provided in this Indenture Article 14 as if the Company had not made the an Exchange Election.
(c) . The Company’s designation of any Designated Financial Institution(s) a financial institution to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) the financial institution to accept any NotesNotes (unless the financial institution has separately made an agreement with the Company). The Company may, but is not obligated to, enter into a separate agreement with any designated financial institution that would compensate it for any such transactions.
Appears in 4 contracts
Sources: First Supplemental Indenture (Radius Health, Inc.), First Supplemental Indenture (Amag Pharmaceuticals Inc.), First Supplemental Indenture (Repligen Corp)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent cause such Notes to deliver, be delivered on or prior to the first Trading Day immediately following the Conversion Date, such Notes Date to one or more a financial institutions institution designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) designated financial institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to as described in Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)14.02. If the Company makes an Exchange Election, the Company shall, by the close of business on the first Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company it has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) designated financial institution of the Settlement Method it has elected with respect to such conversion and the relevant deadline for payment and/or delivery of cash, shares of Common Stock or a combination thereof due upon conversion. The Company, the Holder surrendering its Notes for conversion, and the Conversion Consideration and the type of Conversion Consideration Agent shall cooperate to cause such Notes to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) financial institution, and the Conversion Agent shall be entitled to conclusively rely upon the Company’s instruction in connection with effecting such Exchange Election and shall have no liability in respect of such Exchange Election outside its control. Any Notes exchanged by the designated financial institution, subject to Applicable Procedures, shall remain outstanding, subject to notwithstanding the applicable procedures surrender thereof by the Holder of the Depositarysuch Notes. If the Designated Financial Institution(s) agree(s) designated financial institution agrees to accept any Notes for exchange but does not timely pay and/or deliverdeliver the required cash, as the case may be, the related Conversion Considerationshares of Common Stock or a combination thereof due upon conversion, or if such Designated Financial Institution(s) designated financial institution does not accept the Notes for exchange, the Company shall notify the Trustee, the Conversion Agent and the Holder surrendering its Notes for conversion, and pay and/or deliverdeliver the required cash, as shares of Common Stock or a combination thereof due upon conversion to the case may be, the relevant Conversion Consideration, as, and converting Holder at the time, time and in the manner required pursuant to under this Indenture as if the Company had not made the an Exchange Election.
(c) . The Company’s designation of any Designated Financial Institution(s) a financial institution to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) that financial institution to accept any NotesNotes (unless the financial institution has separately made an agreement with the Company). The Company may, but shall not be obligated to, enter into a separate agreement with any designated financial institution that would compensate it for any such transaction.
Appears in 4 contracts
Sources: Indenture (Cloudflare, Inc.), Indenture (Cloudflare, Inc.), Indenture (Cloudflare, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does do(es) not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does do(es) not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 4 contracts
Sources: Indenture (Cerence Inc.), Indenture (BridgeBio Pharma, Inc.), Indenture (Cerence Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its any Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 4 contracts
Sources: Indenture (Aeva Technologies, Inc.), Indenture (GameStop Corp.), Indenture (GameStop Corp.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”)election, direct the Conversion Agent to deliversurrender, on or prior to the Trading close of business on the Business Day immediately following the relevant Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a the “Designated Financial Institution”) for exchange in lieu of conversionconversion (an “Exchange Election”). In order to accept any Notes surrendered for conversion for exchange in lieu of conversion, the Designated Financial Institution(s) Institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof of cash and Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)) as described in Section 14.02 above. If the Company makes an Exchange Electionthe election described above, the Company shall, by the close of business on the Trading Business Day following the relevant Conversion Date, notify in writing the TrusteeHolder surrendering Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion ), that the Company it has made the Exchange Electionsuch election, and the Company shall promptly concurrently notify the Designated Financial Institution(s) Institution of the relevant deadline for delivery of the Conversion Consideration Consideration; provided that if the Company elects Physical Settlement in respect of its Conversion Obligation, it shall so notify the converting Holders and the type Designated Financial Institution on or prior to the close of business on the Business Day following the relevant Conversion Consideration Date. Any Notes exchanged by the Designated Institution will remain outstanding, subject to be paid and/or delivered, as applicable procedures of the case may beDepositary.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) Institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, deliver the related Conversion ConsiderationConsideration to the Conversion Agent, or if such the Designated Financial Institution(s) Institution does not accept the such Notes for exchange, the Company shall pay and/or delivershall, as within the case may betime period specified in Section 14.02(c), deliver the relevant Conversion Consideration, as, and at Consideration in accordance with the time, required pursuant to this Indenture as if the Company had not made the Exchange Electionprovisions of Section 14.02.
(c) The For the avoidance of doubt, in no event will the Company’s designation of any a Designated Financial Institution(s) Institution pursuant to which this Section 14.12 require the Notes may be submitted for exchange does not require such Designated Financial Institution(s) Institution to accept any NotesNotes for exchange.
Appears in 4 contracts
Sources: Indenture (RingCentral, Inc.), Indenture (RingCentral, Inc.), Indenture (Apptio Inc)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 4 contracts
Sources: Indenture (Rapid7, Inc.), Indenture (Rapid7, Inc.), Indenture (Everbridge, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof thereof, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 4 contracts
Sources: Indenture (AST SpaceMobile, Inc.), Indenture (Planet Labs PBC), Indenture (Intuitive Machines, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the first (1st) Trading Day immediately following the Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) designated financial institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be (plus any cash in lieu of fractional shares) plus the Interest Make-Whole Amount due upon conversion pursuant to as described in Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)14.02. If the Company makes an Exchange Election, the Company shall, by the close of business on the first (1st) Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company it has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) designated financial institution of the Physical Settlement Method with respect to such conversion and the relevant deadline for payment and/or delivery of the Conversion Consideration shares of Common Stock, any cash in lieu of fractional shares and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Interest Make-Whole Amount due upon conversion. Any Notes delivered to exchanged by the Designated Financial Institution(s) designated financial institution shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) designated financial institution agrees to accept any Notes for exchange but does not timely pay and/or deliverdeliver the required shares of Common Stock, as any cash in lieu of fractional shares and the case may be, any cash and/or Common Stock in respect of the related Conversion ConsiderationInterest Make-Whole Amount due upon conversion, or if such Designated Financial Institution(s) designated financial institution does not accept the Notes for exchange, the Company shall notify in writing the Trustee, the Conversion Agent and the Holder surrendering its Notes for conversion, and pay and/or deliverdeliver the required shares of Common Stock, as together with cash in lieu of any fractional shares, plus the case may be, Interest Make-Whole Amount due upon conversion to the relevant Conversion Consideration, as, and converting Holder at the time, time and in the manner required pursuant to under this Indenture as if the Company had not made the an Exchange Election.
(c) . The Company’s designation of any Designated Financial Institution(s) a financial institution to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) that financial institution to accept any NotesNotes (unless the financial institution has separately made an agreement with the Company). The Company may, but shall not be obligated to, enter into a separate agreement with any designated financial institution that would compensate it for any such transaction.
Appears in 4 contracts
Sources: Indenture (BigBear.ai Holdings, Inc.), Indenture (BigBear.ai Holdings, Inc.), Subscription Agreement (GigCapital4, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or and deliver, as the case may be, in exchange for such Notes, the cash up to the aggregate principal amount of such Notes and cash, shares of Common Stock or combination thereof in respect of the remainder, if any, of the Conversion Obligation in excess of the aggregate principal amount of such Notes that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or and delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or and deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or and deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 4 contracts
Sources: Indenture (Semtech Corp), Indenture (Lci Industries), Indenture (John Bean Technologies CORP)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”)election, direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the relevant Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversionconversion (an “Exchange Election”). In order to accept any Notes surrendered for conversion for exchange in lieu of conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof of cash and Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)) as described in Section 14.02 above. If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the TrusteeHolder surrendering Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion ), in writing that the Company it has made the an Exchange Election, and the Company shall promptly concurrently notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration conversion consideration to be paid and/or delivered, as the case may be. Any Notes exchanged by the Designated Institution(s) will remain outstanding, subject to applicable procedures of the Depositary.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion ConsiderationConsideration to the Conversion Agent, or if such the Designated Financial Institution(s) does do(es) not accept the such Notes for exchange, the Company shall shall, within the time period specified in Section 14.02(c), pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at Consideration in accordance with the time, required pursuant to this Indenture as if the Company had not made the Exchange Electionprovisions of Section 14.02.
(c) The For the avoidance of doubt, in no event will the Company’s designation of any Designated Financial Institution(s) pursuant to which this Section 14.11 require the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any NotesNotes for exchange.
Appears in 4 contracts
Sources: Indenture (Pacific Biosciences of California, Inc.), Investment Agreement (Pacific Biosciences of California, Inc.), Indenture (Pacific Biosciences of California, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct in writing the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or and deliver, as the case may be, in exchange for such Notes, cash up to the aggregate principal amount of converted Notes and cash, shares of Common Stock or a combination thereof of cash and shares of Common Stock, at the Company’s election, in respect of the remainder, if any, of the Conversion Obligation in excess of the aggregate principal amount of such Notes, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day immediately following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or deliveredrelevant Cash Percentage, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does does/do not timely pay and/or and deliver, as the case may be, the related Conversion ConsiderationConsideration to the Holder surrendering any such Note for conversion, or if such Designated Financial Institution(s) Institution does not accept the Notes for exchangeexchange pursuant to this Section 14.12, the Company shall pay and/or and deliver, as the case may be, the relevant Conversion Consideration, Consideration as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any NotesNotes (unless such Designated Financial Institution(s) has/have separately made an agreement with the Company). The Company may, but shall not be obligated to, enter into a separate agreement with any Designated Financial Institution that would compensate the Company for any such transaction.
Appears in 3 contracts
Sources: Indenture (Global Payments Inc), Indenture (Integer Holdings Corp), Indenture (Integer Holdings Corp)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cashcash and, if applicable, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 3 contracts
Sources: Indenture (Terawulf Inc.), Indenture (Terawulf Inc.), Indenture (Terawulf Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent in writing to deliver, on or prior to the Trading Day immediately following the relevant Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(sdesignated institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of the Common Stock or any combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 (the “Conversion Consideration”) or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”designated financial institution(s). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the TrusteeHolder surrendering its Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion in writing that the Company it has made the Exchange Election, Election and the Company shall promptly it will notify the Designated Financial Institution(sdesignated financial institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(sdesignated institution(s) shall remain outstanding, subject to the applicable procedures of the DepositaryDepositary procedures. If the Designated Financial Institution(sdesignated institution(s) agree(s) to accept any Notes for exchange but does do(es) not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(sdesignated financial institution(s) does do(es) not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture Consideration as if the Company it had not made the an Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(sfinancial institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(sfinancial institution(s) to accept any Notes.
Appears in 3 contracts
Sources: Indenture (Blackline, Inc.), Indenture (Blackline, Inc.), Indenture (Blackline, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent cause such Notes to deliver, be delivered on or prior to the first Trading Day immediately following the Conversion Date, such Notes Date to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) designated financial institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to as described in Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the first Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company it has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(sdesignated financial institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any . The Company, the Holder surrendering its Notes for conversion, and the Conversion Agent shall cooperate to cause such Notes to be delivered to the Designated Financial Institution(s) financial institution, and the Conversion Agent shall be entitled to conclusively rely upon the Company’s instruction in connection with effecting such Exchange Election and shall have no liability in respect of such Exchange Election outside its control. Any Notes exchanged by the designated financial institution(s), subject to Applicable Procedures, shall remain outstanding, subject to notwithstanding the applicable procedures surrender thereof by the Holder of the Depositarysuch Notes. If the Designated Financial Institution(sdesignated financial institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) designated financial institution does not accept the Notes for exchange, the Company shall notify the Trustee, the Conversion Agent and the Holder surrendering its Notes for conversion, and pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture Consideration as if the Company had not made the an Exchange Election.
(c) . The Company’s designation of any Designated Financial Institution(s) financial institution to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) financial institution to accept any NotesNotes (unless the financial institution has separately made an agreement with the Company). The Company may, but shall not be obligated to, enter into a separate agreement with any designated financial institution that would compensate it for any such transaction. The Company will comply and will cause the designated financial institution(s) to comply with the Applicable Procedures.
Appears in 3 contracts
Sources: Indenture (CorMedix Inc.), Indenture (CorMedix Inc.), Indenture (3d Systems Corp)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(sdesignated financial institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of the Common Stock or a combination thereof of cash and shares of the Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to as described under Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)13.02. If the Company makes an Exchange Election, the Company it shall, by the close of business on the Trading Day immediately following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company it has made the such Exchange Election, Election and the Company shall promptly notify the Designated Financial Institution(sdesignated financial institution(s) of the relevant deadline for delivery payment or delivery, as the case may be, of the Conversion Consideration conversion consideration and the type of Conversion Consideration conversion consideration to be paid and/or or delivered, as the case may be.
(b) Any Notes delivered to exchanged by the Designated Financial Institution(sdesignated financial institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(sdesignated financial institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or or deliver, as the case may be, the related Conversion Considerationconsideration due upon conversion, or if such Designated Financial Institution(sthe designated financial institution(s) does not accept the Notes for exchange, the Company shall pay and/or or deliver, as the case may be, the relevant Conversion Consideration, as, and consideration due upon conversion to the converting Holder at the time, time and in the manner required pursuant to under this Indenture as if the Company had not made the an Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(sfinancial institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(sfinancial institution(s) to accept any Notes. The Company may, but will not be obligated to, pay any consideration to, or otherwise enter into any agreement with, the designated financial institution(s) for or with respect to such designation.
Appears in 3 contracts
Sources: Indenture (Gannett Co., Inc.), Indenture (Gannett Co., Inc.), Indenture (Gannett Co., Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its any Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 3 contracts
Sources: Indenture (McEwen Mining Inc.), Indenture (Semler Scientific, Inc.), Indenture (Tandem Diabetes Care Inc)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to exchanged by the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion ConsiderationConsideration to the Holder surrendering any such Notes for conversion, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 3 contracts
Sources: Indenture (Sunnova Energy International Inc.), Indenture (Sunnova Energy International Inc.), Indenture (Sailpoint Technologies Holdings, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, Election and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to exchanged by the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 3 contracts
Sources: Indenture (Etsy Inc), Indenture (Etsy Inc), Indenture (Etsy Inc)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct cause the Conversion Agent Notes to deliverbe delivered, on or prior to the close of business on the Trading Day immediately following the Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) designated financial institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to as described in Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)14.02. If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify the Holder surrendering its Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) in writing that it has made the Exchange Election, and the Company shall notify the designated financial institution of the Settlement Method it has elected with respect to such conversion and the relevant deadline for payment and/or delivery of cash, shares of Common Stock or a combination thereof due upon conversion. The Company and the Conversion Agent shall cooperate to cause such Notes to be delivered to the designated financial institution and the Conversion Agent shall be entitled to conclusively rely on the Company’s instruction in connection with effecting any Exchange Election and shall have no liability for such Exchange Election outside of its control. Any Notes exchanged by the designated financial institution shall remain outstanding, notwithstanding the surrender of such Notes and will be subject to the Applicable Procedures. If the designated financial institution agrees to accept any Notes for exchange but does not timely pay and/or deliver the required cash, shares of Common Stock or a combination thereof due upon conversion, or if such designated financial institution does not accept the Notes for exchange, the Company shall notify the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company has made the Exchange Election, in writing and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliverdeliver the required cash, as shares of Common Stock or a combination thereof due upon conversion to the case may be, the relevant Conversion Consideration, as, and converting Holder at the time, time and in the manner required pursuant to under this Indenture as if the Company had not made the an Exchange Election.
(c) . The Company’s designation of any Designated Financial Institution(s) a financial institution to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) that financial institution to accept any NotesNotes (unless the financial institution has separately made an agreement with the Company). The Company may, but shall not be obligated to, enter into a separate agreement with any designated financial institution that would compensate it for any such transaction.
Appears in 3 contracts
Sources: Indenture (Alnylam Pharmaceuticals, Inc.), Indenture (Alnylam Pharmaceuticals, Inc.), Indenture (Alnylam Pharmaceuticals, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading second Business Day immediately following the Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) Institution must agree to timely pay and/or and deliver, as the case may be, in exchange for such Notes, cash up to the aggregate principal amount of such Notes and cash, shares of Common Stock or combination thereof thereof, at the Company’s election, in respect of the remainder, if any, of the Conversion Obligation in excess of the aggregate principal amount of such Notes that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) Institution (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading second Business Day following the relevant Conversion Date, notify in writing the TrusteeHolder surrendering its Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) Institution of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may beapplicable Cash Percentage.
(b) Any Notes delivered to the Designated Financial Institution(s) Institution shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) Institution agrees to accept any Notes for exchange but does not timely pay and/or and deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) Institution does not accept the Notes for exchange, the Company shall pay and/or and deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the an Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) Institution to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) Institution to accept any Notes.
Appears in 3 contracts
Sources: Indenture (Akamai Technologies Inc), Indenture (MKS Instruments Inc), Indenture (Akamai Technologies Inc)
Exchange in Lieu of Conversion. (a) When a Holder holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”)election, direct the Conversion Agent to deliversurrender, on or prior to the Trading second Business Day immediately following the relevant Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a the “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion for exchange in lieu of conversion, the Designated Financial Institution(s) Institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof and/or cash that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by 15.02 and in respect of which the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)Company has notified converting Noteholders. If the Company makes an Exchange Electionthe election provided for in this Section 15.11, the Company shall, by the close of business on the Trading second Business Day following the relevant Conversion DateDate as part of its Settlement Notice, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder holder surrendering its Notes for conversion that the Company it has made the Exchange Electionsuch election. In addition, and the Company shall promptly concurrently notify the Designated Financial Institution(sInstitution of the Settlement Method (and, if applicable, the Specified Dollar Amount) of that Company has elected with respect to such conversion and the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) consideration due upon conversion. Any Notes delivered to exchanged by the Designated Financial Institution(s) shall Institution will remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) Institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, deliver the related consideration due upon conversion to the Conversion ConsiderationAgent, or if such the Designated Financial Institution(s) Institution does not accept the such Notes for exchange, the Company shall shall, within the time period specified in Section 15.02(e), pay and deliver cash and/or delivershares of Common Stock, as applicable in accordance with the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture provisions of Section 15.02 as if the Company had not made an exchange election. For the Exchange Election.
(c) The avoidance of doubt, in no event will the Company’s designation of any a Designated Financial Institution(s) Institution pursuant to which this Section 15.11 require the Notes may be submitted for exchange does not require such Designated Financial Institution(s) Institution to accept any NotesNotes for exchange.
Appears in 3 contracts
Sources: Indenture (Salix Pharmaceuticals LTD), Indenture (Salix Pharmaceuticals LTD), Indenture (Salix Pharmaceuticals LTD)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent cause such Notes to deliverbe delivered, on at or prior to 11:00 a.m. (New York City time) on the Trading first Business Day immediately following the relevant Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a the “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion for exchange in lieu of conversion, the Designated Financial Institution(s) Institution must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or a combination thereof of cash and shares of Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to as described in Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) 13.02 above (the “Conversion Consideration”). If the Company makes an Exchange Electionthe election described above, the Company shall, by the close of business at or prior to 11:00 a.m. (New York City time) on the Trading first Business Day following the relevant Conversion Date, notify notify, in writing writing, the TrusteeHolder surrendering Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion ), that the Company it has made the such Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) Institution of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivereddelivered (unless the form of Conversion Consideration has been otherwise agreed by the Holder and the Designated Financial Institution as set forth in this Section 13.11). The Company, as the case may be.
(b) Any Holder surrendering Notes for conversion, the Designated Institution and the Conversion Agent shall cooperate to cause such Notes to be delivered to the Designated Financial Institution(s) Institution and the Conversion Agent shall be entitled to conclusively rely upon the Company’s instruction in connection with effecting any Exchange Election and shall have no liability for such Exchange Election outside of its control. Any Notes exchanged by any Designated Institution will remain outstanding, subject to the applicable procedures of the Depositary. Notwithstanding anything to the contrary in this Indenture or the Notes, any conversion settled in accordance to this Section 13.11 need not be settled with newly issued shares of Common Stock and any reference in this Indenture or the Notes to a requirement that the Company issue shares of Common Stock in connection with such conversion will be deemed to be satisfied with the delivery of shares of Common Stock by the applicable Designated Institution in accordance with this Section 13.11.
(b) If the any Designated Financial Institution(s) agree(s) Institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion ConsiderationConsideration to the Conversion Agent, or if such Designated Financial Institution(s) Institution does not accept the such Notes for exchange, the Company shall, within the time period specified in Section 13.02(c), notify the Conversion Agent and the Holders surrendering their Notes and shall pay and/or or deliver, as the case may be, the relevant Conversion Consideration, as, and at Consideration in accordance with the time, required pursuant to this Indenture provisions of Section 13.02 as if the Company had not made the Exchange Election.
(c) The For the avoidance of doubt, in no event will the Company’s designation of any a Designated Financial Institution(s) Institution pursuant to which the Notes may be submitted for exchange does not this Section 13.11 require such Designated Financial Institution(s) Institution to accept any NotesNotes for exchange. The Company may, but will not be obligated to, enter into a separate agreement with any Designated Institution that would compensate it for any such transaction.
Appears in 3 contracts
Sources: Indenture (Wolfspeed, Inc.), Indenture (Repay Holdings Corp), Indenture (Cree, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock Stock, or a combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does do(es) not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does do(es) not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 3 contracts
Sources: Indenture (Varonis Systems Inc), Indenture (Varonis Systems Inc), Indenture (Health Catalyst, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or and deliver, as the case may be, in exchange for such Notes, the cash up to the aggregate principal amount of such Notes and cash, shares of Common Stock or combination thereof in respect of the remainder, if any, of the Conversion Obligation in excess of the aggregate principal amount of such Notes that would otherwise be due upon conversion pursuant to Section Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or and delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or and deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or and deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 3 contracts
Sources: Indenture (Semtech Corp), Indenture (CSG Systems International Inc), Indenture (Semtech Corp)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an a “Conversion Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the close of business on the Trading Day immediately following the Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) designated financial institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to as described in Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)14.02. If the Company makes an a Conversion Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company it has made the Conversion Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) designated financial institution of the Settlement Method it has elected with respect to such conversion and the relevant deadline for payment and/or delivery of cash, shares of Common Stock or a combination thereof due upon conversion. Any Notes exchanged by the Conversion Consideration and designated financial institution shall remain outstanding. If the type designated financial institution accepts any such Notes, it shall deliver, in exchange for such Notes, the cash, shares of Conversion Consideration to be paid and/or deliveredCommon Stock or a combination thereof, as the case may be.
(b) Any Notes delivered , due upon conversion directly to the Designated Financial Institution(s) shall remain outstanding, subject Holder of such Notes on the date the Company would have otherwise been required to the applicable procedures of the Depositarydeliver such consideration. If the Designated Financial Institution(s) agree(s) designated financial institution agrees to accept any Notes for exchange but does not timely pay and/or deliverdeliver the required cash, as the case may be, the related Conversion Considerationshares of Common Stock or a combination thereof due upon conversion, or if such Designated Financial Institution(s) designated financial institution does not accept the Notes for exchange, the Company shall pay and/or deliverdeliver the required cash, as shares of Common Stock or a combination thereof due upon conversion to the case may be, the relevant Conversion Consideration, as, and converting Holder at the time, time and in the manner required pursuant to under this Indenture as if the Company had not made the a Conversion Exchange Election.
(c) . The Company’s designation of any Designated Financial Institution(s) a financial institution to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) that financial institution to accept any NotesNotes (unless the financial institution has separately made an agreement with the Company to do so). The Company may, but shall not be obligated to, enter into a separate agreement with any designated financial institution that would compensate it for any such transaction.
Appears in 3 contracts
Sources: Indenture (Sarepta Therapeutics, Inc.), Indenture (Sarepta Therapeutics, Inc.), Indenture (Sarepta Therapeutics, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”)election, direct the Conversion Agent to deliversurrender, on or prior to the Trading second Business Day immediately following the relevant Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a the “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion for exchange in lieu of conversion, the Designated Financial Institution(s) Institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof stock and/or cash that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by 5.02 and in respect of which the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)Company has notified converting Noteholders. If the Company makes an Exchange Electionthe election provided for in this Section 5.11, the Company shall, by the close of business on the Trading second Business Day following the relevant Conversion DateDate as part of its Settlement Notice, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder holder surrendering its Notes for conversion that the Company it has made the Exchange Electionsuch election. In addition, and the Company shall promptly concurrently notify the Designated Financial Institution(sInstitution of the Settlement Method (and, if applicable, the Specified Dollar Amount) of that Company has elected with respect to such conversion and the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) consideration due upon conversion. Any Notes delivered to exchanged by the Designated Financial Institution(s) shall Institution will remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) Institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, deliver the related consideration due upon conversion to the Conversion ConsiderationAgent, or if such the Designated Financial Institution(s) Institution does not accept the such Notes for exchange, the Company shall pay shall, within the time period specified in Section 5.02(e), convert such Notes into cash and/or delivershares of Common Stock, as applicable in accordance with the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Electionprovisions of Section 5.02.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 2 contracts
Sources: Second Supplemental Indenture (Borgwarner Inc), Second Supplemental Indenture (Borgwarner Inc)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Class A Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of consideration constituting the Conversion Consideration Obligation under this Indenture to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) Institution does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
ARTICLE 15 REPURCHASE OF NOTES AT OPTION OF HOLDERS
Appears in 2 contracts
Sources: Indenture (Tempus AI, Inc.), Indenture (Rubrik, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s 's designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 2 contracts
Sources: Indenture (Novavax Inc), Indenture (Jamf Holding Corp.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”)election, direct the Conversion Agent to deliver, on or prior to the Trading Business Day immediately following the relevant Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversionconversion (an “Exchange Election”). In order to accept any Notes surrendered for conversion for exchange in lieu of conversion, the Designated Financial Institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or a combination thereof of cash and shares of Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to as described in Section 14.02 4.02 above or such other amount agreed to by the converting Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Electionthe election described above, the Company shall, by the close of business on the Trading Business Day following the relevant Conversion Date, notify in writing the TrusteeHolder surrendering Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion ), that the Company it has made the Exchange Electionsuch election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivereddelivered (unless the form of Conversion Consideration has been otherwise agreed by the Holder and the Designated Financial Institution(s) as set forth in this Section 4.11(a). Any Notes exchanged by any Designated Institution will remain outstanding, as subject to applicable procedures of the case may beDepositary.
(b) Any Notes delivered to the If any Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) Institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion ConsiderationConsideration to the Conversion Agent, or if such Designated Financial Institution(s) Institution does not accept the such Notes for exchange, the Company shall shall, within the time period specified in Section 4.02(c), pay and/or or deliver, as the case may be, the relevant Conversion Consideration, as, and at Consideration in accordance with the time, required pursuant to this Indenture provisions of Section 4.02 as if the Company had not made the Exchange Election.
(c) The For the avoidance of doubt, in no event will the Company’s designation of any a Designated Financial Institution(s) Institution pursuant to which the Notes may be submitted for exchange does not this Section 4.11 require such Designated Financial Institution(s) Institution to accept any NotesNotes for exchange.
Appears in 2 contracts
Exchange in Lieu of Conversion. (a) When a Holder holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”)election, direct the Conversion Agent to deliversurrender, on or prior to the Trading second Business Day immediately following the relevant Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a the “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion for exchange in lieu of conversion, the Designated Financial Institution(s) Institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof stock and/or cash that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by 15.02 and in respect of which the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)Company has notified converting Noteholders. If the Company makes an Exchange Electionthe election provided for in this Section 15.11, the Company shall, by the close of business on the Trading second Business Day following the relevant Conversion DateDate as part of its Settlement Notice, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder holder surrendering its Notes for conversion that the Company it has made the Exchange Electionsuch election. In addition, and the Company shall promptly concurrently notify the Designated Financial Institution(sInstitution of the Settlement Method (and, if applicable, the Specified Dollar Amount) of that Company has elected with respect to such conversion and the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) consideration due upon conversion. Any Notes delivered to exchanged by the Designated Financial Institution(s) shall Institution will remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) Institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, deliver the related consideration due upon conversion to the Conversion ConsiderationAgent, or if such the Designated Financial Institution(s) Institution does not accept the such Notes for exchange, the Company shall pay shall, within the time period specified in Section 15.02(e), convert such Notes into cash and/or delivershares of Common Stock, as applicable in accordance with the case may beprovisions of Section 15.02. For the avoidance of doubt, in no event will the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any a Designated Financial Institution(s) Institution pursuant to which this Section 15.11 require the Notes may be submitted for exchange does not require such Designated Financial Institution(s) Institution to accept any NotesNotes for exchange.
Appears in 2 contracts
Sources: Indenture (Alliance Data Systems Corp), Indenture (Alliance Data Systems Corp)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or a combination thereof of cash and shares of the Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by before the close of business on the Trading Day immediately following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may beConsideration.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) Institution does not accept the Notes for exchange, the Company shall notify the Conversion Agent and the Holders surrendering the Notes for conversion in writing and shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, Consideration as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 2 contracts
Sources: Indenture (Porch Group, Inc.), Exchange and Subscription Agreement (Porch Group, Inc.)
Exchange in Lieu of Conversion. (a) When Notwithstanding anything herein to the contrary, when a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the second Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(sdesignated financial institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)conversion, all as provided in this Article 14. If the Company makes an Exchange Election, the Company shall, by the close of business on the second Trading Day following the relevant Conversion Date, (i) the Company shall notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, Election and shall notify the designated financial institution(s) of the Settlement Method the Company shall promptly notify the Designated Financial Institution(s) of has elected with respect to such conversion and the relevant deadline for payment and/or delivery of the cash, shares of Common Stock or combination thereof due upon conversion, and (ii) such designated financial institution(s) shall notify the Conversion Consideration Agent whether it will pay and/or deliver the consideration due upon conversion upon exchange. If the designated financial institution(s) accepts any such Notes, it (or they) shall pay and/or deliver the cash, shares of Common Stock or combination thereof due upon conversion to the Conversion Agent and the type Conversion Agent shall pay and/or deliver such cash, shares of Conversion Consideration Common Stock or combination thereof to be paid and/or delivered, as the case may be.
(b) relevant Holder. Any Notes delivered to exchanged by the Designated Financial Institution(sdesignated financial institution(s) shall remain outstanding, subject to the applicable procedures of the DepositaryApplicable Procedures. If the Designated Financial Institution(sdesignated financial institution(s) agree(s) agrees to accept any Notes for exchange but does not timely pay and/or deliverdeliver the cash, as the case may be, the related Conversion Considerationshares of Common Stock or combination thereof due upon conversion, or if such Designated Financial Institution(sdesignated financial institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliverdeliver the cash, as shares of Common Stock or combination thereof due upon conversion to the case may be, the relevant Conversion Consideration, as, and converting Holder at the time, required pursuant to time and in the manner provided in this Indenture Article 14 as if the Company had not made the an Exchange Election.
(c) . The Company’s designation of any Designated Financial Institution(sa financial institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(sthe financial institution(s) to accept any Notes. The Company may, but is not obligated to, pay any consideration to, or otherwise enter into any agreement with, any designated financial institution(s) for or with respect to such designation.
Appears in 2 contracts
Sources: Indenture (Pacira BioSciences, Inc.), Indenture (Flexion Therapeutics Inc)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 2 contracts
Sources: Indenture (Datadog, Inc.), Indenture (Revance Therapeutics, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder holder surrenders its Notes notes for conversion, the Company we may, at its our election (an “Exchange Electionexchange election”), direct the Conversion Agent conversion agent to deliver, on or prior to the Trading Day second trading day immediately following the Conversion Dateconversion date, such Notes notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) us for exchange in lieu of conversion. In order to accept any Notes notes surrendered for conversion, the Designated Financial Institution(sdesignated financial institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notesnotes, the cash, shares of Common Stock our common stock, or a combination thereof of cash and shares of our common stock, at our election, that would otherwise be due upon conversion pursuant to Section 14.02 as described above under “—Settlement upon Conversion” or such other amount agreed to by the Holder holder and the Designated Financial Institution(sdesignated financial institution(s) (the “Conversion Considerationconversion consideration”). If the Company makes we make an Exchange Electionexchange election, the Company shallwe will, by the close of business on the Trading Day second trading day following the relevant Conversion Dateconversion date, notify in writing the Trusteetrustee, the Conversion Agent conversion agent (if other than the Trusteetrustee) and the Holder holder surrendering Notes its notes for conversion that the Company has we have made the Exchange Electionexchange election, and the Company shall promptly we will notify the Designated Financial Institution(sdesignated financial institution(s) of the relevant deadline for delivery of the Conversion Consideration consideration due upon conversion and the type of Conversion Consideration conversion consideration to be paid and/or delivered, as the case may be.
(b) . Any Notes notes delivered to the Designated Financial Institution(sdesignated financial institution(s) shall will remain outstanding, subject to applicable DTC procedures in the applicable procedures case of the Depositaryglobal notes. If the Designated Financial Institution(sfinancial institution(s) agree(s) to accept any Notes notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Considerationconversion consideration, or if such Designated Financial Institution(s) designated financial institution does not accept the Notes notes for exchange, the Company shall we will pay and/or deliver, as the case may be, the relevant Conversion Considerationconversion consideration, as, and at the time, required pursuant to this Indenture the indenture as if the Company we had not made the Exchange Election.
(c) The Company’s exchange election. Our designation of any Designated Financial Institution(sfinancial institution(s) to which the Notes notes may be submitted for exchange does not require such Designated Financial Institution(sfinancial institution(s) to accept any Notesnotes.
Appears in 2 contracts
Sources: Sales Agreement, Sales Agreement
Exchange in Lieu of Conversion. (aA) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to delivercause, on or prior to the Trading Day immediately following the Conversion Date, such Notes to be delivered to one or more financial institutions designated by the Company in writing (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close Close of business Business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be. The Company, the Holders surrendering Notes for conversion and the Conversion Agent shall cooperate with applicable procedures of the Depositary to cause such Notes to be delivered to the Designated Financial Institution. The Conversion Agent will be entitled to conclusively rely upon the Company’s instruction in connection with effecting any Exchange Election outside of the Conversion Agent’s control and will have no liability in respect of such Exchange Election.
(bB) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to notwithstanding the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) Institution does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(cC) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes. So long as the Notes are eligible for book-entry settlement with the Depositary, the Company will comply with the applicable procedures of the Depositary.
Appears in 2 contracts
Sources: Indenture (Outbrain Inc.), Subordination Agreement (Outbrain Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”)election, direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the relevant Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversionconversion (an “Exchange Election”). In order to accept any Notes surrendered for conversion for exchange in lieu of conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof of cash and Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)) as described in Section 14.02 above. If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the TrusteeHolder surrendering Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion ), in writing, that the Company it has made the an Exchange Election, and the Company shall promptly concurrently notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration conversion consideration to be paid and/or delivered, as the case may be. Any Notes exchanged by the Designated Institution(s) will remain outstanding, subject to applicable procedures of the Depositary.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion ConsiderationConsideration to the Conversion Agent, or if such the Designated Financial Institution(s) does do(es) not accept the such Notes for exchange, the Company shall shall, within the time period specified in Section 14.02(c), pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at Consideration in accordance with the time, required pursuant to this Indenture as if the Company had not made the Exchange Electionprovisions of Section 14.02.
(c) The For the avoidance of doubt, in no event will the Company’s designation of any Designated Financial Institution(s) pursuant to which this Section 14.11 require the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any NotesNotes for exchange.
Appears in 2 contracts
Sources: Indenture (Invitae Corp), Investment Agreement (Invitae Corp)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or cash up to the aggregate principal amount of the notes to be converted and pay or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or a combination thereof of cash and shares of Common Stock, 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 the Notes being converted that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or and delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or and deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or and deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 2 contracts
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the second Trading Day immediately following the relevant Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(sdesignated institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of the Common Stock or any combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 (the “Conversion Consideration”) or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”designated financial institution(s). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the TrusteeHolder surrendering its Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion in writing that the Company it has made the Exchange Election, Election and the Company shall promptly it will notify the Designated Financial Institution(sdesignated financial institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(sdesignated institution(s) shall remain outstanding, subject to the applicable procedures of the DepositaryDepositary procedures. If the Designated Financial Institution(sdesignated institution(s) agree(s) to accept any Notes for exchange but does do(es) not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(sdesignated financial institution(s) does do(es) not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture Consideration as if the Company it had not made the an Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(sfinancial institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(sfinancial institution(s) to accept any Notes.
Appears in 2 contracts
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading second Business Day immediately following the relevant Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a the “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion for exchange in lieu of conversion, the Designated Financial Institution(s) Institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof of cash and Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)) as described in Section 14.02 above. If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading second Business Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company it has made the Exchange Electionsuch election. In addition, and the Company shall promptly concurrently notify the Designated Financial Institution(s) Institution of the relevant deadline for delivery of the Conversion Consideration and Consideration. Any Notes exchanged by the type Designated Institution will remain outstanding, subject to applicable procedures of Conversion Consideration to be paid and/or delivered, as the case may beDepositary.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) Institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, deliver the related Conversion ConsiderationConsideration to the Conversion Agent, or if such the Designated Financial Institution(s) Institution does not accept the such Notes for exchange, the Company shall pay and/or delivershall, as within the case may betime period specified in Section 14.02(c), deliver the relevant Conversion Consideration, as, and at Consideration in accordance with the time, required pursuant to this Indenture provisions of Section 14.02 as if the Company it had not made the an Exchange Election.
(c) The For the avoidance of doubt, in no event will the Company’s designation of any a Designated Financial Institution(s) Institution pursuant to which this Section 14.12 require the Notes may be submitted for exchange does not require such Designated Financial Institution(s) Institution to accept any NotesNotes for exchange.
Appears in 2 contracts
Sources: Indenture (FireEye, Inc.), Indenture (FireEye, Inc.)
Exchange in Lieu of Conversion. (aA) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close Close of business Business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be. The Conversion Agent will be entitled to conclusively rely upon the Company’s instruction in connection with effecting such Exchange Election and will have no liability in respect of such exchange election.
(bB) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) Institution does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(cC) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 2 contracts
Sources: Indenture (Coinbase Global, Inc.), Indenture (Coinbase Global, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares Class A Ordinary Shares or a combination of Common Stock or combination thereof cash and Class A Ordinary Shares, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 as described under Section 14.02, or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company it shall, by the close of business on the Trading Business Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company has made the such Exchange Election, Election and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery payment or delivery, as the case may be, of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the DepositaryApplicable Procedures. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the an Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange in lieu of conversion does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 2 contracts
Sources: Indenture (Bitdeer Technologies Group), Indenture (Bitdeer Technologies Group)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the first Trading Day immediately following the Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) designated financial institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”plus any cash in lieu of fractional shares). If the Company makes an Exchange Election, the Company shall, by the close of business on the first Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company it has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) designated financial institution of the Physical Settlement Method with respect to such conversion and the relevant deadline for payment and/or delivery of the Conversion Consideration shares of Common Stock and the type any cash in lieu of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) fractional shares. Any Notes delivered to exchanged by the Designated Financial Institution(s) designated financial institution shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) designated financial institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as deliver the case may be, the related Conversion Considerationrequired shares of Common Stock or any cash in lieu of fractional shares due upon conversion, or if such Designated Financial Institution(s) designated financial institution does not accept the Notes for exchange, the Company shall notify in writing the Trustee, the Conversion Agent and the Holder surrendering its Notes for conversion, and pay and/or deliverdeliver the required shares of Common Stock, as together with cash in lieu of any fractional shares due upon conversion to the case may be, the relevant Conversion Consideration, as, and converting Holder at the time, time and in the manner required pursuant to under this Indenture as if the Company had not made the an Exchange Election.
(c) . The Company’s designation of any Designated Financial Institution(s) a financial institution to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) that financial institution to accept any NotesNotes (unless the financial institution has separately made an agreement with the Company). The Company may, but shall not be obligated to, enter into a separate agreement with any designated financial institution that would compensate it for any such transaction.
Appears in 2 contracts
Sources: First Supplemental Indenture and Amendment to Security and Pledge Agreement (UpHealth, Inc.), Indenture (UpHealth, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the second Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the second Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered. For the avoidance of doubt, as no failure of the case may beDesignated Financial Institution to deliver the Conversion Consideration shall limit the Holders’ right to convert the Notes pursuant to this Article 14.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the DepositaryDepositary in the case of Global Notes. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, deliver the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, deliver the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 2 contracts
Sources: Indenture (Eos Energy Enterprises, Inc.), Security Agreement (Eos Energy Enterprises, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or and deliver, as the case may be, in exchange for such Notes, cash up to the aggregate principal amount of such Notes and cash, shares of Common Stock or combination thereof thereof, at the Company’s election, in respect of the remainder, if any, of the Conversion Obligation in excess of the aggregate principal amount of such Notes that would otherwise be due upon conversion pursuant to Section Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may beapplicable Cash Percentage.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or and deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or and deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 2 contracts
Sources: Indenture (CMS Energy Corp), Indenture (CMS Energy Corp)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the second Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) a designated financial institution must agree in writing to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock Stock, or a combination thereof of cash and shares of the Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) such designated financial institution (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Business Day immediately following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) such designated financial institution of the Settlement Method election and relevant deadline for delivery of the Conversion Consideration consideration due upon conversion and the type of Conversion Consideration to be paid and/or delivered, as the case may be. The Company, the Holder surrendering the Notes for conversion, the designated financial institution and the Conversion Agent shall cooperate to cause such Notes to be delivered to the designated financial institution and the Conversion Agent shall be entitled to conclusively rely upon the Company’s instruction in connection with effecting any Exchange Election and shall have no liability for such Exchange Election.
(b) Any Notes delivered to the Designated Financial Institution(s) a designated financial institution shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) such designated financial institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) designated financial institution does not accept the Notes for exchange, the Company shall notify the Trustee, Conversion Agent and the Holder surrendering their Notes for conversion and the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) financial institutions to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) financial institutions to accept any Notes.
Appears in 2 contracts
Sources: Indenture (Sunnova Energy International Inc.), Indenture (Sunnova Energy International Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or and deliver, as the case may be, in exchange for such Notes, the cash up to the aggregate principal amount of such Notes and cash, shares of Common Stock or combination thereof in respect of the remainder, if any, of the Conversion Obligation in excess of the aggregate principal amount of such Notes that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may beapplicable Cash Percentage.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or and deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or and deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 2 contracts
Sources: Indenture (Array Technologies, Inc.), Indenture (Array Technologies, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) designated institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be Class A Shares and/or cash due upon conversion pursuant to as set forth in Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)14.02. If the Company makes an Exchange Election, the Company shallit will, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company has made the Exchange Election, Election and the Company shall promptly will notify the Designated Financial Institution(s) designated financial institution of the Settlement Method the Company has elected with respect to such conversion and the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid Class A Shares and/or delivered, as the case may be.
(b) cash due upon conversion. Any Notes delivered to exchanged by the Designated Financial Institution(s) shall designated financial institution will remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) designated financial institution agrees to accept any Notes for exchange but does not timely pay deliver the Class A Shares and/or deliver, as the case may be, the related Conversion Considerationcash due upon conversion, or if such Designated Financial Institution(s) designated financial institution does not accept the Notes notes for exchange, the Company shall pay will deliver the Class A Shares and/or deliver, as cash due upon conversion to the case may be, the relevant Conversion Consideration, as, and converting Holder at the time, time and in the manner required pursuant to this Indenture herein as if the Company had not made the an Exchange Election.
(c) . The Company’s designation of any Designated Financial Institution(s) a financial institution to which the Notes may be submitted for exchange in lieu of conversion pursuant to this Section 14.13 does not require such Designated Financial Institution(s) the institution to accept any NotesNotes in exchange for the Class A Shares and/or cash. Any such exchange pursuant to this Section 14.13 shall be completed in accordance with the policies and procedures of the Depositary.
Appears in 2 contracts
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the Conversion Date, of such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or and deliver, as the case may be, in exchange for such Notes, cash up to the aggregate principal amount of such Notes, and cash, shares of Common Stock or a combination thereof of cash and shares of Common Stock, 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 Notes that would otherwise be due upon conversion pursuant to Section Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by before the close of business on the Trading Day immediately following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or and delivered, as the case may be.
(b) Any Notwithstanding the surrender, any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or and deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) Institution does not accept the Notes for exchange, the Company shall pay and/or and deliver, as the case may be, the relevant Conversion Consideration, Consideration as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes. The Company, the Conversion Agent and the Holders surrendering their Notes for conversion will cooperate to cause such Notes to be delivered to the Designated Financial Institution and the Conversion Agent shall be entitled to conclusively rely on the Company’s instructions in connection with effecting any Exchange Election and shall have no liability for any such Exchange Election made outside of its control.
Appears in 2 contracts
Sources: Indenture (Fluor Corp), Indenture (Affirm Holdings, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading second Business Day immediately following the Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) designated institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof Stock, together with a cash payment in lieu of delivering any fractional share, that would otherwise be due upon conversion pursuant to as described in Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading second Business Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company it has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) designated financial institution of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may beConsideration.
(b) Any Notes delivered to exchanged by the Designated Financial Institution(s) shall designated institution will remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) designated institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, deliver the related Conversion Consideration, or if such Designated Financial Institution(s) designated financial institution does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, deliver the relevant Conversion Consideration, as, and at Consideration on the time, required pursuant to third Business Day immediately following the relevant Conversion Date in accordance with the terms of this Indenture as if the Company it had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) a financial institution to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) institution to accept any Notes.
Appears in 2 contracts
Sources: Indenture (Dermira, Inc.), Indenture (Sucampo Pharmaceuticals, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the first Scheduled Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(sdesignated financial institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of the Common Stock or a combination thereof of cash and shares of the Common Stock, as the case may be, that would otherwise be due upon conversion pursuant to as described under Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)14.02. If the Company makes an Exchange Election, the Company it shall, by the close of business on the Scheduled Trading Day immediately following the relevant Conversion Date, notify in writing the TrusteeHolder surrendering its Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) that it has made such Exchange Election and the Holder surrendering Notes for conversion that the Company designated financial institution(s) has made the Exchange Election, agreed to make such exchange in lieu of conversion. A copy of such notice shall include wire instructions and the Company delivery instructions and shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of be delivered to the Conversion Consideration Agent and to the type of Conversion Consideration to be paid and/or delivered, as the case may bedesignated financial institution(s).
(b) If the designated financial institution(s) accept(s) any such Notes, it will deliver the amount of cash, if any, and the number of shares of Common Stock, if any, due upon conversion of such Notes as described under Section 14.02 directly to the Holder of such Notes no later than 11:00 a.m., New York City time, on the date the Company would otherwise have been required to deliver such consideration. In the case of Notes held through the Depositary, (x) the designated financial institution(s) shall send an e-mail confirmation to the Conversion Agent once it has (i) wired such cash, if any, to the Holder, providing a Federal Reference Number, (ii) processed a transfer to such Holder of such number of shares of Common Stock, if any, and (y) the Conversion Agent shall then contact the Holder’s custodian with the Depositary to confirm their receipt of such cash, if any, and such number of shares of Common Stock, if any. Any Notes delivered to exchanged by the Designated Financial Institution(sdesignated financial institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(sdesignated financial institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or or deliver, as the case may be, the related Conversion Considerationconsideration due upon conversion, or if such Designated Financial Institution(sthe designated financial institution(s) does not accept the Notes for exchange, the Company shall pay and/or or deliver, as the case may be, the relevant Conversion Consideration, as, and consideration due upon conversion to the converting Holder at the time, time and in the manner required pursuant to under this Indenture as if the Company had not made the an Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(sfinancial institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(sfinancial institution(s) to accept any Notes.
Appears in 2 contracts
Sources: Indenture (Vitamin Shoppe, Inc.), Indenture (TUTOR PERINI Corp)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes any Note for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading Business Day immediately following the Conversion Date, such Notes Note to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(sdesignated financial institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such NotesNote, the cash, shares of Common Stock or combination thereof Conversion Consideration that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)this Article 5. If the Company makes To make an Exchange ElectionElection with respect to any Note, the Company shallmust, by the close Close of business Business on the Trading Business Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, of such Note and the Company shall promptly must notify the Designated Financial Institution(sdesignated financial institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or or delivered, as the case may be.
(b) . Any Notes delivered to exchanged by the Designated Financial Institution(sdesignated financial institution(s) shall will remain outstanding, subject to the applicable procedures of the DepositaryDepositary Procedures, if applicable. If the Designated Financial Institution(s) agree(s) any financial institution agrees to accept any Notes for exchange but does not timely pay and/or or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) designated financial institution does not accept the Notes for exchange, then the Company shall will pay and/or or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) exchange election. The Company’s designation of any Designated Financial Institution(sfinancial institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(sfinancial institution(s) to accept any Notes.
Appears in 2 contracts
Sources: Indenture (Inovio Pharmaceuticals, Inc.), Indenture (Neurocrine Biosciences Inc)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, deliver in exchange for such Notes, the cash, shares of Common Stock or combination thereof thereof, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day immediately following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, Election and the Company shall promptly notify the Designated Financial Institution(s) of the Settlement Method the Company has elected with respect to such conversion and the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may beConsideration.
(b) Any Notes delivered to exchanged by the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 2 contracts
Sources: Indenture (Ziff Davis, Inc.), Indenture (J2 Global, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the second Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof ADSs that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) 13.02 (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the second Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may beConsideration.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does do(es) not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does do(es) not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 2 contracts
Sources: Indenture Agreement (Oatly Group AB), Indenture Agreement (Oatly Group AB)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Business Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock ADSs or a combination thereof thereof, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder of such Notes and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Business Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, Election and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 2 contracts
Sources: Indenture (JOYY Inc.), Indenture (JOYY Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, deliver in exchange for such Notes, the cash, shares of Common Stock or combination thereof and cash in lieu of any fractional share that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(sInstitution (s) to accept any Notes.
Appears in 2 contracts
Sources: Indenture (Complete Solaria, Inc.), Indenture (Complete Solaria, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent cause such Notes to deliverbe delivered, on or prior to the Trading Business Day immediately following the Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a the “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) Institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or a combination thereof of cash and shares of Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the such Holder and the Designated Financial Institution(s) Institution (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shallwill, by the close of business on the Trading Business Day following the relevant Conversion Date, notify in writing the TrusteeHolder surrendering its Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, Election and the Company shall promptly will notify the Designated Financial Institution(s) Institution of the relevant deadline for delivery of the Conversion Consideration Consideration. The Company, the Holder surrendering the Notes for conversion, the Designated Institution and the type of Conversion Consideration Agent shall cooperate to cause such Notes to be paid and/or delivered, as delivered to the case may beDesignated Institution and the Conversion Agent shall be entitled to conclusively rely upon the Company’s instruction in connection with effecting any Exchange Election and shall have no liability for such Exchange Election outside its control.
(b) Any Notes delivered to exchanged by the Designated Financial Institution(s) shall Institution will remain outstandingoutstanding notwithstanding the surrender of such Notes, and the exchange will be subject to the applicable procedures rules of the The Depository Trust Company (or any successor Depositary). If the Designated Financial Institution(s) agree(s) Institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, deliver the related Conversion Consideration, or if such the Designated Financial Institution(s) Institution does not accept the Notes for exchange, the Company shall pay and/or deliver, as notify the case may be, Conversion Agent and the Holder surrendering their Notes for conversion and the Company will deliver the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture Consideration as if the Company had not made the an Exchange Election.
(c) The Company’s designation of any a Designated Financial Institution(s) Institution to which the Notes may be submitted for exchange does not require such the Designated Financial Institution(s) Institution to accept any Notes.
Appears in 2 contracts
Sources: Indenture (Royal Caribbean Cruises LTD), Indenture (Royal Caribbean Cruises LTD)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its any Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or and deliver, as the case may be, in exchange for such Notes, the cash up to the aggregate principal amount of such Notes and cash, shares of Common Stock or a combination thereof in respect of the remainder, if any, of the Conversion Obligation in excess of the aggregate principal amount of such Notes that would otherwise be due upon conversion pursuant to Section Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or and delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or and deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or and deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 2 contracts
Sources: Indenture (Omnicell, Inc.), Indenture (Tetra Tech Inc)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent in writing to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated in writing by the Company to the Conversion Agent (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 2 contracts
Exchange in Lieu of Conversion. (a) When If at any time when a Holder surrenders its Notes Securities for conversion prior to the Stated Maturity of the Securities the Company:
(i) has designated a financial institution (a “Designated Institution”) to accept such Securities in exchange for cash and/or shares of Common Stock, equal to the consideration due upon conversion as provided in Section 9.03; and
(ii) notifies the Holder surrendering such Securities for conversion by the second Trading Day after the Conversion Date, that it has directed the Designated Institution to make an exchange in lieu of conversion, then, notwithstanding anything in this Indenture to the contrary, the Company may, at its election (an “Exchange Election”), may direct the Conversion Agent to deliversurrender such Securities, on or prior to the Trading Day immediately following commencement of the Conversion Date, such Notes applicable Observation Period to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) Institution for exchange in lieu of conversion. In order to accept any Notes .
(b) If the Designated Institution accepts Securities surrendered for conversionexchange, it shall notify the Designated Financial Institution(s) must agree to timely pay and/or Conversion Agent whether it shall deliver, as the case may beupon exchange, in exchange for such Notes, the all cash, all shares of Common Stock or a combination thereof that would otherwise be due upon conversion pursuant of cash and shares of Common Stock and shall deliver such cash and/or shares of Common Stock, as specified in Section 9.03 to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes Conversion Agent shall deliver such cash and/or shares of Common Stock to the Holder, within the time period specified in Section 9.02(d), which delivery shall be deemed to satisfy the Company’s conversion obligations under this Article 9 with respect to such Holder. Any Securities so exchanged by such Designated Institution shall remain Outstanding for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may beall purposes under this Indenture.
(bc) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) Institution agrees to accept any Notes Securities for exchange but does not timely pay and/or deliver, as the case may be, deliver the related consideration to the Conversion ConsiderationAgent, or if such the Designated Financial Institution(s) Institution does not accept the Notes such Securities for exchange, the Company shall pay shall, within the time period specified in Section 9.02(d), convert such Securities into cash and/or delivershares of Common Stock, as in accordance with the case may be, the relevant Conversion Consideration, as, provisions of Section 9.02 and at the time, required pursuant to this Indenture as if the Company had not made the Exchange ElectionSection 9.03.
(cd) The For the avoidance of doubt, in no event will the Company’s designation of any Designated Financial Institution(s) a financial institution pursuant to which the Notes may be submitted for exchange does not this Section 9.13 require such Designated Financial Institution(s) financial institution to accept any NotesSecurities for exchange.
Appears in 2 contracts
Sources: Indenture (Verisign Inc/Ca), Indenture (Microchip Technology Inc)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the second Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof Ordinary Shares that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) 11.02 (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the second Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may beConsideration.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does do(es) not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does do(es) not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture these Conditions as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 2 contracts
Sources: Subscription Agreement (Oatly Group AB), Subscription Agreement (Oatly Group AB)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its the Company’s election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading Business Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the amount of cash, number of shares of Common Stock or any combination thereof thereof, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount consideration as agreed to by the Holder and between the Designated Financial Institution(s) and such Holder (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Business Day immediately following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may becase, and the deadline for delivery of the Conversion Consideration.
(b) Any Notes delivered to exchanged by the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does do(es) not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does do(es) not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture amount due upon conversion as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 1 contract
Sources: Indenture (INPHI Corp)
Exchange in Lieu of Conversion. (a) When Notwithstanding anything herein to the contrary, when a Holder surrenders its any Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions institution(s) designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(sdesignated financial institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock Stock, or a combination thereof of cash and shares of Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 at the time and in the manner provided in this Article 14 or such other amount agreed to by the Holder and the Designated Financial Institution(sdesignated financial institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(sdesignated financial institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) . Any Notes delivered to the Designated Financial Institution(sdesignated financial institution(s) shall remain outstanding, outstanding subject to the applicable procedures of the Depositary. If the Designated Financial Institution(sdesignated financial institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) designated financial institution does not accept the Notes for exchange, the Company shall notify the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion, in writing, and the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and Consideration at the time, time and in the manner required pursuant to in this Indenture Article 14 as if the Company had not made the an Exchange Election.
(c) . The Company’s designation of any Designated Financial Institution(sfinancial institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(sfinancial institution(s) to accept any Notes.
Appears in 1 contract
Sources: Indenture (Workiva Inc)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the first Trading Day immediately following the Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) designated financial institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to as described in Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)14.02. If the Company makes an Exchange Election, the Company shall, by the close of business on the first Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company it has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) designated financial institution of the Physical Settlement Method it with respect to such conversion and the relevant deadline for payment and/or delivery of the Conversion Consideration and the type shares of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Common Stock due upon conversion. Any Notes delivered to exchanged by the Designated Financial Institution(s) designated financial institution shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) designated financial institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as deliver the case may be, the related Conversion Considerationrequired shares of Common Stock due upon conversion, or if such Designated Financial Institution(s) designated financial institution does not accept the Notes for exchange, the Company shall notify in writing the Trustee, the Conversion Agent and the Holder surrendering its Notes for conversion, and pay and/or deliver, as deliver the case may be, required shares of Common Stock due upon conversion to the relevant Conversion Consideration, as, and converting Holder at the time, time and in the manner required pursuant to under this Indenture as if the Company had not made the an Exchange Election.
(c) . The Company’s designation of any Designated Financial Institution(s) a financial institution to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) that financial institution to accept any NotesNotes (unless the financial institution has separately made an agreement with the Company). The Company may, but shall not be obligated to, enter into a separate agreement with any designated financial institution that would compensate it for any such transaction.
Appears in 1 contract
Sources: Indenture (Lightning eMotors, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading Business Day immediately following the relevant Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or the combination thereof thereof, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Business Day immediately following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to exchanged by the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) Institution does not accept the Notes for exchange, the Company shall pay and/or or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 1 contract
Sources: Indenture (Boingo Wireless Inc)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Business Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock ADSs or a combination thereof thereof, as applicable, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Business Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, Election and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this the Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 1 contract
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or and deliver, as the case may be, in exchange for such Notes, cash up to the aggregate principal amount of converted Notes and cash, shares of Common Stock or a combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by of cash and shares of Common Stock, at the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange ElectionCompany’s election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) respect of the relevant deadline for delivery remainder, if any, of the Conversion Consideration and Obligation in excess of the type of Conversion Consideration to be paid and/or delivered, as the case may be.aggregate principal amount of
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does does/do not timely pay and/or and deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) Institution does not accept the Notes for exchangeexchange pursuant to this Section 14.12, the Company shall pay and/or and deliver, as the case may be, the relevant Conversion Consideration, Consideration as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.Notes (unless such Designated Financial Institution(s) has/have separately made an agreement with the Company). The Company may, but shall not be obligated to, enter into a separate agreement with any Designated Financial Institution that would compensate the Company for any such transaction. ARTICLE 15
Appears in 1 contract
Sources: Indenture (Patrick Industries Inc)
Exchange in Lieu of Conversion. (a) When Notwithstanding anything herein to the contrary, when a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”)election, direct the Conversion Agent to deliver, on or prior to the Scheduled Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(sdesignated financial institution(s) must agree to timely pay and/or deliver, as the case may be, to such Holder, in exchange for such Notes, the cash, shares of Common Stock or any combination thereof that would otherwise be due upon conversion pursuant to conversion, as provided in Section 14.02 13.02 (the “Conversion Consideration”) or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”designated financial institution(s). If the Company makes an Exchange Election, the Company shall, by By the close of business on the Trading Day following the relevant Conversion Date, the Company shall notify in writing the TrusteeHolder surrendering Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion in writing that the Company has made the Exchange Election, exchange election and the Company shall promptly notify the Designated Financial Institution(sdesignated financial institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall designated financial institution will remain outstanding, outstanding subject to the applicable procedures of the DepositaryDepositary procedures. If the Designated Financial Institution(sdesignated financial institution(s) agree(s) to accept any Notes for exchange but does do(es) not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(sdesignated financial institution(s) does do(es) not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture Consideration as if the Company had not made the Exchange Electionan exchange election.
(c) The Company’s designation of any Designated Financial Institution(s) a financial institution to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) the financial institution to accept any Notes.
Appears in 1 contract
Sources: Indenture (Infinera Corp)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”)election, direct the Conversion Agent to deliversurrender, on or prior to the Trading Business Day immediately following the relevant Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversionconversion (an “Exchange Election”). In order to accept any Notes surrendered for conversion for exchange in lieu of conversion, the Designated Financial Institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or a combination thereof of cash and shares of Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to as described in Section 14.02 above or such other amount agreed to by the converting Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Electionthe election described above, the Company shall, by the close of business on the Trading Business Day following the relevant Conversion Date, notify in writing the TrusteeHolder surrendering Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion ), that the Company it has made the Exchange Electionsuch election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, delivered (unless the form of Conversion Consideration has been otherwise agreed by the Holder and the Designated Institution(s) as the case may be.
(b) set forth in this Section 14.12. Any Notes delivered to the exchanged by any Designated Financial Institution(s) shall Institution will remain outstanding, subject to the applicable procedures of the Depositary. .
(a) If the any Designated Financial Institution(s) agree(s) Institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion ConsiderationConsideration to the Conversion Agent, or if such Designated Financial Institution(s) Institution does not accept the such Notes for exchange, the Company shall shall, within the time period specified in Section 14.02(c), pay and/or or deliver, as the case may be, the relevant Conversion Consideration, as, and at Consideration in accordance with the time, required pursuant to this Indenture provisions of Section 14.02 as if the Company had not made the Exchange Election.
(cb) The For the avoidance of doubt, in no event will the Company’s designation of any a Designated Financial Institution(s) Institution pursuant to which the Notes may be submitted for exchange does not this Section 14.12 require such Designated Financial Institution(s) Institution to accept any NotesNotes for exchange.
Appears in 1 contract
Sources: Indenture (Neogenomics Inc)
Exchange in Lieu of Conversion. (aA) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent in writing to deliversurrender, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company in writing to the Conversion Agent (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be. The Conversion Agent will be entitled to conclusively rely upon the Company’s instruction in connection with effecting such Exchange Election and will have no liability in respect of such exchange election.
(bB) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) Institution does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(cC) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes. So long as the Notes are eligible for book-entry settlement with the Depositary, the Company will comply with the applicable procedures of the Depositary.
Appears in 1 contract
Exchange in Lieu of Conversion. (a) When Notwithstanding anything herein to the contrary, when a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”)election, direct the Conversion Agent to deliver, on or prior to the Scheduled Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(sdesignated financial institution(s) must agree to timely pay and/or deliver, as the case may be, to such Holder, in exchange for such Notes, the cash, shares of Common Stock or any combination thereof that would otherwise be due upon conversion pursuant to conversion, as provided in Section 14.02 13.02 (the “Conversion Consideration”) or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”designated financial institution(s). If the Company makes an Exchange Election, the Company shall, by By the close of business on the Trading Day following the relevant Conversion Date, the Company shall notify in writing the TrusteeHolder surrendering Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion in writing that the Company has made the Exchange Election, exchange election and the Company shall promptly notify the Designated Financial Institution(sdesignated financial institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall designated financial institution will remain outstanding, outstanding subject to the applicable procedures of the DepositaryDepositary procedures. If the Designated Financial Institution(sdesignated financial institution(s) agree(s) to accept any Notes for exchange but does do(es) not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(sdesignated financial institution(s) does do(es) not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture conversion consideration as if the Company had not made the Exchange Electionan exchange election.
(c) The Company’s designation of any Designated Financial Institution(s) a financial institution to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) the financial institution to accept any Notes.
Appears in 1 contract
Sources: Indenture (INFINERA Corp)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, Election and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(ba) Any Notes delivered to exchanged by the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(cb) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 1 contract
Sources: Indenture (Etsy Inc)
Exchange in Lieu of Conversion. (a) When Notwithstanding anything herein to the contrary, when a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading second Business Day immediately following the Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) designated financial institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof of cash and shares of Common Stock that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) due upon conversion (the “Conversion Consideration”), all as provided in this Article 14. If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading second Business Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, Election and the Company shall promptly notify the Designated Financial Institution(s) designated financial institution of the Settlement Method the Company has elected with respect to such conversion and the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Consideration. Any Notes delivered to exchanged by the Designated Financial Institution(s) designated financial institution shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) designated financial institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as deliver the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) designated financial institution does not accept the Notes for exchange, the Company shall pay and/or deliver, as deliver the case may be, Conversion Consideration due upon conversion to the relevant Conversion Consideration, as, and converting Holder at the time, required pursuant to time and in the manner provided in this Indenture Article 14 as if the Company had not made the an Exchange Election.
(c) . The Company’s designation of any Designated Financial Institution(s) a financial institution to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) financial institution to accept any Notes, in which case the notes shall be converted in the manner provided in this Article 14. The Company may, but is not obligated to, pay any consideration to, or otherwise enter into any agreement with, any designated financial institution(s) for or with respect to such designation.
Appears in 1 contract
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading second Business Day immediately (or, if the Company elects Physical Settlement in respect of such conversion, the Business Day) following the Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a the “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion for exchange in lieu of conversion, the Designated Financial Institution(s) Institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof of cash and Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to as described in Section 14.02 above or such other amount agreed to by the converting Holder and the Designated Financial Institution(s) Institution (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Business Day following the relevant Conversion Date, notify in writing the TrusteeHolder surrendering Notes for conversion, the Trustee and the Conversion Agent (if the other than the Trustee) and the Holder surrendering Notes for conversion that the Company it has made the Exchange Electionsuch election. In addition, and the Company shall promptly concurrently notify the Designated Financial Institution(s) Institution of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Consideration. Any Notes delivered to exchanged by the Designated Financial Institution(s) shall Institution will remain outstanding, subject to the applicable procedures of the Depositary. .
(b) If the Designated Financial Institution(s) agree(s) Institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, deliver the related Conversion ConsiderationConsideration to the Conversion Agent, or if such the Designated Financial Institution(s) Institution does not accept the such Notes for exchange, the Company shall pay and/or delivershall, as within the case may betime period specified in Section 14.02(c), deliver the relevant Conversion Consideration, as, and at Consideration in accordance with the time, required pursuant to this Indenture as if the Company had not made the Exchange Electionprovisions of Section 14.02.
(c) The For the avoidance of doubt, in no event will the Company’s designation of any a Designated Financial Institution(s) Institution pursuant to which this Section 14.12 require the Notes may be submitted for exchange does not require such Designated Financial Institution(s) Institution to accept any NotesNotes for exchange.
Appears in 1 contract
Sources: Indenture (Five9, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(sdesignated financial institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to as described in Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day immediately following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company it has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(sdesignated financial institution(s) of the relevant deadline for delivery payment and/or delivery, as the case may be, of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) . Any Notes delivered to exchanged by the Designated Financial Institution(s) designated financial institution shall remain outstanding, subject to the applicable procedures Applicable Procedures of the Depositary. If the Designated Financial Institution(sfinancial institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) designated financial institution does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, Consideration as, and at the time, required pursuant to this the Indenture as if the Company had not made the Exchange Election.
(c) . The Company’s designation of any Designated Financial Institution(s) a financial institution to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) that financial institution to accept any Notes.
Appears in 1 contract
Sources: Indenture (New Relic, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the second Trading Day immediately following the Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) designated financial institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to as described in Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)14.02. If the Company makes an Exchange Election, the Company shall, by the close of business on the second Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company it has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) designated financial institution of the Settlement Method it has elected with respect to such conversion and the relevant deadline for payment and/or delivery of the Conversion Consideration and the type cash, shares of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Common Stock or a combination thereof due upon conversion. Any Notes delivered to exchanged by the Designated Financial Institution(s) designated financial institution shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) designated financial institution agrees to accept any Notes for exchange but does not timely pay and/or deliverdeliver the required cash, as the case may be, the related Conversion Considerationshares of Common Stock or a combination thereof due upon conversion, or if such Designated Financial Institution(s) designated financial institution does not accept the Notes for exchange, the Company shall pay and/or deliverdeliver the required cash, as shares of Common Stock or a combination thereof due upon conversion to the case may be, the relevant Conversion Consideration, as, and converting Holder at the time, time and in the manner required pursuant to under this Indenture as if the Company had not made the an Exchange Election.
(c) . The Company’s designation of any Designated Financial Institution(s) a financial institution to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) that financial institution to accept any NotesNotes (unless the financial institution has separately made an agreement with the Company). The Company may, but shall not be obligated to, enter into a separate agreement with any designated financial institution that would compensate it for any such transaction.
Appears in 1 contract
Sources: Indenture (Hubspot Inc)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares Ordinary Shares or a combination of Common Stock or combination thereof cash and Ordinary Shares, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by before the close of business on the Trading Day immediately following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering its Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may beConsideration.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) Institution does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, Consideration as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 1 contract
Sources: Indenture (Arrival)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”)election, direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the relevant Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversionconversion (an “Exchange Election”). In order to accept any Notes surrendered for conversion for exchange in lieu of conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof of cash and shares of Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)) as described in Section 14.02 above. If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the TrusteeHolder surrendering Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion ), in writing that the Company it has made the an Exchange Election, and the Company shall promptly concurrently notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be. Any Notes exchanged by the Designated Institution(s) will remain outstanding, subject to applicable procedures of the Depositary.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such the Designated Financial Institution(s) does do(es) not accept the such Notes for exchange, the Company shall shall, within the time period specified in Section 14.02(c), pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at Consideration in accordance with the time, required pursuant to this Indenture as if the Company had not made the Exchange Electionprovisions of Section 14.02.
(c) The For the avoidance of doubt, in no event will the Company’s designation of any Designated Financial Institution(s) pursuant to which this Section 14.12 require the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any NotesNotes for exchange.
Appears in 1 contract
Sources: Indenture (Rapid7, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliver, on or prior to the second Trading Day immediately following the relevant Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(sdesignated institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of the Common Stock or any combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 13.02 (the “Conversion Consideration”) or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”designated financial institution(s). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the TrusteeHolder surrendering its Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion in writing that the Company it has made the Exchange Election, Election and the Company shall promptly it will notify the Designated Financial Institution(sdesignated financial institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(sdesignated institution(s) shall remain outstanding, subject to the applicable procedures of the DepositaryDepositary procedures. If the Designated Financial Institution(sdesignated institution(s) agree(s) to accept any Notes for exchange but does do(es) not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(sdesignated financial institution(s) does do(es) not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture Consideration as if the Company it had not made the an Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(sfinancial institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(sfinancial institution(s) to accept any Notes.
Appears in 1 contract
Sources: Indenture (Groupon, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent in writing to deliver, on or prior to the Trading Business Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock ADSs (or Ordinary Shares in lieu thereof) or a combination thereof (or Ordinary Shares in lieu thereof), as applicable, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Business Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, Election and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be..
(b) Any Notes delivered to exchanged by the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election..
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 1 contract
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”)election, direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the relevant Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversionconversion (an “Exchange Election”). In order to accept any Notes surrendered for conversion for exchange in lieu of conversion, the Designated Financial Institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or a combination thereof of cash and shares of Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to as described in Section 14.02 above or such other amount agreed to by the converting Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the TrusteeHolder surrendering Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion ), that the Company it has made the such Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be. Any Notes exchanged by any Designated Institution will remain outstanding, subject to applicable procedures of the Depositary.
(b) Any Notes delivered to the If any Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures of the Depositary. If the Designated Financial Institution(s) agree(s) Institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, the related Conversion ConsiderationConsideration to the Conversion Agent, or if such Designated Financial Institution(s) Institution does not accept the such Notes for exchange, the Company shall shall, within the time period specified in Section 14.02(c), pay and/or or deliver, as the case may be, the relevant Conversion Consideration, as, and at Consideration in accordance with the time, required pursuant to this Indenture provisions of Section 14.02 as if the Company had not made the Exchange Election.
(c) The For the avoidance of doubt, in no event will the Company’s designation of any a Designated Financial Institution(s) Institution pursuant to which the Notes may be submitted for exchange does not this Section 14.12 require such Designated Financial Institution(s) Institution to accept any NotesNotes for exchange.
Appears in 1 contract
Sources: Indenture (Veritone, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”)election, direct the Conversion Agent to deliversurrender, on or prior to the Trading close of business on the Business Day immediately following the relevant Conversion Date, such Notes to one or more a financial institutions institution designated by the Company (each, a the “Designated Financial Institution”) for exchange in lieu of conversionconversion (an “Exchange Election”). In order to accept any Notes surrendered for conversion for exchange in lieu of conversion, the Designated Financial Institution(s) Institution must agree to timely pay and/or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof of cash and Common Stock, at the Company’s election, that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”)) as described in Section 14.02 above. If the Company makes an Exchange Electionthe election described above, the Company shall, by the close of business on the Trading Business Day following the relevant Conversion Date, notify in writing the TrusteeHolder surrendering Notes for conversion, the Trustee and the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion ), that the Company it has made the Exchange Electionsuch election, and the Company shall promptly concurrently notify the Designated Financial Institution(s) Institution of the Settlement Method with respect to such conversion and the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Consideration. Any Notes delivered to exchanged by the Designated Financial Institution(s) shall Institution will remain outstanding, subject to the applicable procedures of the Depositary. .
(a) If the Designated Financial Institution(s) agree(s) Institution agrees to accept any Notes for exchange but does not timely pay and/or deliver, as the case may be, deliver the related Conversion ConsiderationConsideration to the Conversion Agent, or if such the Designated Financial Institution(s) Institution does not accept the such Notes for exchange, the Company shall pay and/or delivershall, as within the case may betime period specified in Section 14.02(c), deliver the relevant Conversion Consideration, as, and at Consideration in accordance with the time, required pursuant to this Indenture as if the Company had not made the Exchange Electionprovisions of Section 14.02.
(cb) The For the avoidance of doubt, in no event will the Company’s designation of any a Designated Financial Institution(s) Institution pursuant to which this Section 14.12 require the Notes may be submitted for exchange does not require such Designated Financial Institution(s) Institution to accept any NotesNotes for exchange.
Appears in 1 contract
Sources: Indenture (Pluralsight, Inc.)
Exchange in Lieu of Conversion. (a) When a Holder surrenders its Notes for conversion, the Company may, at its election (an “Exchange Election”), direct the Conversion Agent to deliversurrender, on or prior to the Trading Day immediately following the Conversion Date, such Notes to one or more financial institutions designated by the Company (each, a “Designated Financial Institution”) for exchange in lieu of conversion. In order to accept any Notes surrendered for conversion, the Designated Financial Institution(s) must agree to timely pay and/or or deliver, as the case may be, in exchange for such Notes, the cash, shares of Common Stock or combination thereof that would otherwise be due upon conversion pursuant to Section 14.02 or such other amount agreed to by the Holder and the Designated Financial Institution(s) (the “Conversion Consideration”). If the Company makes an Exchange Election, the Company shall, by the close of business on the Trading Day following the relevant Conversion Date, notify in writing the Trustee, the Conversion Agent (if other than the Trustee) and the Holder surrendering Notes for conversion that the Company has made the Exchange Election, and the Company shall promptly notify the Designated Financial Institution(s) of the relevant deadline for delivery of the Conversion Consideration and the type of Conversion Consideration to be paid and/or delivered, as the case may be.
(b) Any Notes delivered to the Designated Financial Institution(s) shall remain outstanding, subject to the applicable procedures Applicable Procedures of the Depositary. If the Designated Financial Institution(s) agree(s) to accept any Notes for exchange but does do(es) not timely pay and/or deliver, as the case may be, the related Conversion Consideration, or if such Designated Financial Institution(s) does do(es) not accept the Notes for exchange, the Company shall pay and/or deliver, as the case may be, the relevant Conversion Consideration, as, and at the time, required pursuant to this Indenture as if the Company had not made the Exchange Election.
(c) The Company’s designation of any Designated Financial Institution(s) to which the Notes may be submitted for exchange does not require such Designated Financial Institution(s) to accept any Notes.
Appears in 1 contract
Sources: Indenture (Model N, Inc.)