Conversion Based on Common Stock Price. Subject to the provisions of this paragraph 8 and notwithstanding the fact that any other condition to conversion described below has not been satisfied, Holders may convert the Securities into Common Stock at any time during or after any fiscal quarter commencing after September 30, 2003 if the Closing Sale Price of the Common Stock for at least 20 Trading Days in a period of 30 consecutive Trading Days ending on the last Trading Day of such preceding fiscal quarter is greater than 120% of the Conversion Price on the last Trading Day of such preceding fiscal quarter. If the foregoing condition is satisfied, then the Securities will be convertible at any time at the option of the Holder, through their maturity.
Appears in 2 contracts
Samples: Indenture (Expressjet Holdings Inc), Indenture (Expressjet Holdings Inc)
Conversion Based on Common Stock Price. Subject to the provisions of this paragraph 8 and notwithstanding the fact that any other condition to conversion described below has not been satisfied, Holders may convert the Securities into Common Stock at any time during or after any fiscal calendar quarter (but only during such calendar quarter) commencing after September June 30, 2003 2004 if the Closing Sale Price of the Common Stock for at least 20 Trading Days in a period of 30 consecutive Trading Days ending on the last Trading Day of such the preceding fiscal calendar quarter is greater than 120% of the Conversion Price on the last Trading Day of such preceding fiscal quarter. If The "Conversion Price" shall be equal to $1,000 divided by the foregoing condition is satisfied, Conversion Rate then the Securities will be convertible at any time at the option of the Holder, through their maturityin effect.
Appears in 1 contract
Samples: Indenture (Avatar Holdings Inc)
Conversion Based on Common Stock Price. Subject to the provisions of this paragraph 8 and the Indenture but notwithstanding the fact that any other condition to conversion described below in paragraph 8(b), (c), (d) or (e) has not been satisfied, Holders may convert surrender the Securities for conversion into Common Stock at on a Conversion Date in any time during or after any fiscal calendar quarter commencing after September 30, 2003 2003, if the Closing Sale Price of the Common Stock for at least 20 Trading Days trading days in a period of 30 consecutive Trading Days trading days ending on the last Trading Day trading day of such the preceding fiscal calendar quarter is greater than 120% of the Conversion Price per share of Common Stock on the last Trading Day trading day of such preceding fiscal calendar quarter. If the foregoing condition is satisfied, then the Securities will be convertible at any time at the option of thereafter by the Holder, through their maturitythe maturity of the Securities.
Appears in 1 contract
Samples: Indenture (Amr Corp)