Applicable Conversion Reference Period definition

Applicable Conversion Reference Period means the 20 consecutive Trading Days beginning on the third Trading Day following the Conversion Date or, if the Company elects to pay cash to Holders of Notes in lieu of all or a portion of the Residual Value Shares, the third Trading Day after the Conversion Retraction Period ends.
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Applicable Conversion Reference Period means (i) in respect of a Conversion Date occurring after the date the Securities are called for redemption until (and including) the Redemption Date, the five consecutive Trading Day period beginning on the third Trading Day following the Redemption Date; or (ii) in all other cases, the five consecutive Trading Day period beginning on the third Trading Day following the Conversion Date.
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Applicable Conversion Reference Period. (as defined in the Indenture as described in the Offering Circular under “Description of Notes — Settlement upon Conversion”); provided that in the case of any exercise of Options hereunder in connection with the conversion of any Relevant Convertible Securities for any Conversion Date occurring during the period from and including the 30th “Scheduled Trading Day” (as defined in the Indenture as described in the Offering Circular under “Description of Notes — Settlement upon Conversion”) prior to the Maturity Date to and including the Expiration Date (such period, the “Final Conversion Period”), the Notice Deadline shall be 12:00 P.M., New York City time, on the “Scheduled Trading Day” (as defined in the Indenture as described in the Offering Circular under “Description of Notes — Settlement upon Conversion”) immediately following the relevant Exercise Date.
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Examples of Applicable Conversion Reference Period in a sentence

  • The amount of cash payable in respect of each Residual Value Share otherwise issuable upon conversion shall equal the sum of the Residual Cash Value for such share calculated for each day of the Applicable Conversion Reference Period.

  • Shares of Common Stock will be issued to the extent that the Sale Price exceeds the Conversion Price during the Applicable Conversion Reference Period.

  • Settlement shall occur promptly (but in no event more than three Business Days) following the termination of the Applicable Conversion Reference Period.

  • The Company shall pay cash in lieu of fractional Net Shares issuable upon conversion determined in accordance with Section 4.3. The Conversion Value, Principal Return and Net Share Amount will be determined by the Company promptly after the end of the Applicable Conversion Reference Period.

  • In the event of a stock split, combination, dividend or any other event resulting in a Conversion Price adjustment pursuant to Section 4.6(a) during the Applicable Conversion Reference Period, appropriate adjustment to the equation for calculating Conversion Value and Net Share Amount shall be made, as determined by the Board of Directors of the Company.

  • The value of the Net Share Amount shall equal the sum of the Daily Share Amount for each Trading Day during the Applicable Conversion Reference Period multiplied by such day’s Closing Sale Price.

  • The Conversion Value, Principal Return and Net Share Amount will be determined by the Company promptly after the end of the Applicable Conversion Reference Period.

  • In the event that we announce a dividend on our common stock with a record date falling during the Applicable Conversion Reference Period, we will make a corresponding adjustment to the conversion rate applicable to the Securities.

  • Such adjustment will take effect immediately after the record date with respect to such dividend and will be applied to the conversion settlement calculations described above for each date during the Applicable Conversion Reference Period that is after the record date with respect to such dividend.

  • If in connection with any conversion of Securities the Settlement Method specified in Section 9.01(b)(iii), the Holder converting such Securities shall be treated as a shareholder of record as of the close of business on the last Trading Day in the Applicable Conversion Reference Period.


More Definitions of Applicable Conversion Reference Period

Applicable Conversion Reference Period means the 20 consecutive trading days beginning on the third trading day following the conversion date or, if we elect to pay cash to holders of notes in lieu of all or a portion of the residual value shares as described below, the third trading day after the conversion retraction period (as defined below) ends.
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Applicable Conversion Reference Period means: o For a Note that is converted after a redemption notice has been mailed by the Company pursuant to Section 3.03 and paragraph 7 of the Notes, the thirty consecutive trading days beginning on the Trading Day following the Redemption Date (in the case of a partial redemption, this clause applies only to those Notes which would be actually redeemed); or o In all other cases, the thirty consecutive Trading Days beginning on the Trading Day following the Conversion Date. The cash in respect of the Principal Return and cash in lieu of fractional shares shall be paid, and a certificate or certificates for the number of full Net Shares issuable upon conversion, if any, shall be delivered as promptly as practicable after the Applicable Conversion Reference Period, but in no event later than five Business Days thereafter. In case a Note or portion thereof is called for redemption, such conversion right in respect of the Note or the portion so called, shall expire at the close of business on the Business Day preceding the Redemption Date, unless the Company defaults in making the payment due upon redemption. In the case of a Change in Control for which the Holder exercises its repurchase right with respect to a Note or portion thereof, such conversion right in respect of the Note or portion thereof shall expire at the close of business on the Business Day immediately preceding the Change in Control Repurchase Date. Upon a determination that Holders are or will be entitled to convert their Notes into the Principal Return and Net Shares, if any, in accordance with the provisions of this Article 10, the Company shall issue a press release and publish such information on its website.
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Applicable Conversion Reference Period means the 30 consecutive Trading Days beginning on the third Trading Day following the Conversion Date or, if the Company elects to pay cash to Holders of Notes in lieu of all or a portion of the Residual Value Shares, the third Trading Day after the Conversion Retraction Period ends.
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Applicable Conversion Reference Period means the five consecutive Trading Days beginning on the third Trading Day following the Conversion Date.
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Applicable Conversion Reference Period means, with respect to any Conversion Date occurring during the period beginning on and including the 30th Scheduled Trading Day prior to the scheduled Maturity Date and ending at the close of business on the Business Day immediately prior to the scheduled Maturity Date, the 25 consecutive Trading Day period beginning on, and including, the 27th Scheduled Trading Day prior to the scheduled Maturity Date, and, in all other cases, the 25 consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the related Conversion Date.
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Related to Applicable Conversion Reference Period

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

  • Applicable Conversion Price means the Conversion Price in effect at any given time.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Daily Conversion Value means, for each of the 40 consecutive Trading Days during the relevant Observation Period, 2.5% of the product of (a) the Conversion Rate on such Trading Day and (b) the Daily VWAP on such Trading Day.

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.