Automatic Call Sample Clauses

Automatic Call. This Global Note shall be automatically called and subject to mandatory redemption if the closing level of the Index on any Observation Date is greater than or equal to the applicable Call Level. If this Global Note is called pursuant to the preceding sentence, the Holder shall receive the Call Amount per Unit applicable to such Observation Date. If this Global Note is automatically called on an Observation Date other than the Final Observation Date, the Company shall redeem this Global Note and pay the applicable Call Amount on the fifth Banking Business Day after the applicable Observation Date, subject to postponement as described below. If this Global Note is called on the Final Observation Date, the Company shall redeem this Global Note and pay the Call Amount on the Maturity Date. If an Observation Date (other than the Final Observation Date) is not an Index Business Day or if there is a Market Disruption Event (as defined below) on such day, the applicable Observation Date shall be the immediately succeeding Index Business Day during which no Market Disruption Event shall have occurred or is continuing; provided that the closing level of the Index shall not be determined on a date later than the tenth scheduled Index Business Day after the scheduled Observation Date, and if such day is not an Index Business Day, or if there is a Market Disruption Event on such date, the Calculation Agent shall determine (or, if not determinable, estimate, in a manner which is considered commercially reasonable under the circumstances) the closing level of the Index on such tenth scheduled Index Business Day. If the Final Observation Date is not an Index Business Day or if there is a Market Disruption Event on such day, the Final Observation Date shall be the immediately succeeding Index Business Day during which no Market Disruption Event shall have occurred or is continuing; provided that the closing level of the Index shall be determined (or, if not determinable, estimated by the Calculation Agent in a manner which is considered commercially reasonable under the circumstances) on a date no later than the second scheduled Index Business Day prior to the Maturity Date, regardless of the occurrence of a Market Disruption Event on that scheduled Index Business Day. If, due to a Market Disruption Event or otherwise, an Observation Date (other than the Final Observation Date) is postponed so that it falls less than five Banking Business Days prior to the scheduled date ...
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Automatic Call. The Company shall call and redeem the Notes, in whole but not in part, at the applicable Call Price (as defined below) on a Call Date (as defined below) if the 2-Year U.S. Dollar Constant Maturity Swap Rate (as defined below) on the fifth Business Day (as defined below) prior to such Call Date (an “Observation Date”) is less than or equal to the Strike Rate (as defined below). The “Strike Rate” equals 3.00%. As used herein, the “Call Price” per Unit, if automatically called, shall equal the amount set forth below under Call Price per Unit: February 14, 2009 $1,080.00 March 14, 2009 $1,086.67 April 14, 2009 $1,093.33 May 14, 2009 $1,100.00 June 14, 2009 $1,106.67 July 14, 2009 $1,113.33 August 14, 2009 $1,120.00 September 14, 2009 $1,126.67 October 14, 2009 $1,133.33 November 14, 2009 $1,140.00 December 14, 2009 $1,146.67 January 14, 2010 $1,153.33 February 14, 2010 $1,160.00 March 14, 2010 $1,166.67 April 14, 2010 $1,173.33 May 14, 2010 $1,180.00 June 14, 2010 $1,186.67 July 14, 2010 $1,193.33 August 14, 2010 $1,200.00 September 14, 2010 $1,206.67 October 14, 2010 $1,213.33 November 14, 2010 $1,220.00 December 14, 2010 $1,226.67 January 14, 2011 $1,233.33 Feburary 14, 2011 $1,240.00 Upon automatic call, the Notes will no longer be outstanding and no additional payments will be made on the Notes on any subsequent Call Date or on the Stated Maturity Date. As used herein, a “Call Date” will occur on each date set forth above, from and including February 14, 2009 to and including the Stated Maturity Date.
Sample 1

Related to Automatic Call

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Automatic Extension At the end of the initial term and any subsequent ------------------- term, this Agreement shall automatically renewed for a five (5) year term unless one of the parties provides the other party with written notice of intent not to renew, not less than one hundred eighty (180) day prior to the expiration of the then current term.

  • Automatic cancellation The Commitment of each Lender will be automatically cancelled at the close of business on the last day of the Availability Period.

  • Automatic Conversion Subject to Section 5 below and, at the Company’s election and request, Holder’s reaffirmation of Holder’s representations and warranties under Section 3 of the Convertible Note Purchase Agreement, the principal amount of this Note (and all interest accrued on this Note at the option of the Payor) shall be converted into the number of shares of common stock as follows: (a) In the event of a next equity financing by the Company in one transaction or series of related transactions which raises an aggregate amount of at least One Million Five Hundred Thousand Dollars ($1,500,000) (the “Next Equity Financing”), the principal amount on this Note shall automatically be converted (regardless of whether or not the Note is surrendered to Payor) into the equity securities issued in the Payor’s Next Equity Financing (the “Next Equity Financing Stock”). Any accrued interest outstanding at the time of the conversion shall be paid in cash by the Company. This Note shall convert into the number of shares at the time of the “Next Equity Financing” equals to ___,000 shares of the Company’s Common Stock at an exercise price of $0.60 per share (the “Exercise Price”) This Note shall be deemed automatically cancelled immediately upon such conversion. As a condition precedent to the issuance of the Next Equity Financing Stock to Holder upon such conversion, Holder shall execute and deliver such agreements, instruments and other documents as are executed and delivered by the other investors in connection with their purchase of the Next Equity Financing Stock. (b) In the event of the “Company’s Sale”, defined below, at the option of Payor, the principal hereunder and, at the option of the Payor, shall automatically be converted (regardless of whether or not the Note is surrendered to Payor) into the number of shares (the “Company’s Sale Stock”) equals to ____,000 shares of the Company’s Common Stock at an exercise price of $0.60 per share (the “Exercise Price”). This Note shall be deemed automatically cancelled immediately upon such conversion.

  • Automatic Exercise To the extent this Warrant is not previously exercised, it shall be deemed to have been automatically converted in accordance with Sections 3(b) and 3(c) hereof (even if not surrendered) as of immediately before its expiration, involuntary termination or cancellation if the then-Fair Market Value of a Warrant Share exceeds the then-Warrant Price, unless Holder notifies Company in writing to the contrary prior to such automatic exercise.

  • Automatic Acceleration Upon the occurrence of an Event of Default described in Section 8.01(l) or Section 8.01(m) the Facility shall be automatically terminated and the Loans and all other Obligations shall be immediately due and payable upon the occurrence of such event, without demand or notice of any kind.

  • Term Automatic Cashless Exercise Upon Expiration 5.1.1 This Warrant is exercisable in whole or in part, at any time and from time to time on or before the Expiration Date set forth above; provided, however, that if the Company completes its initial public offering within the 270-day period immediately prior to the Expiration Date, the Expiration Date shall automatically be extended until 270 days after the effective date of the Company’s initial public offering. 5.1.2 In the event that, upon the Expiration Date, the fair market value (as determined pursuant to Section 1.3 above) of one Share (or other security issuable upon the exercise hereof) is greater than the Warrant Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to be exercised pursuant to Section 1.2 above as to all Shares (or such other securities) for which it shall not previously have been exercised.

  • Automatic Renewal Each Schedule will renew automatically at the end of the then-current Schedule Term for a Schedule Renewal Term unless terminated in accordance with this Agreement by either You or Company.

  • Automatic Cashless Exercise upon Expiration In the event that, upon the Expiration Date, the fair market value of one Share (or other security issuable upon the exercise hereof) as determined in accordance with Section 1.3 above is greater than the Warrant Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to be exercised pursuant to Section 1.2 above as to all Shares (or such other securities) for which it shall not previously have been exercised, and the Company shall, within a reasonable time, deliver a certificate representing the Shares (or such other securities) issued upon such exercise to Holder.

  • Automatic Termination This Agreement shall automatically and immediately terminate in the event of its “assignment” (as defined in the 1940 Act).

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