Common use of Conversion of Multiple Notes by a Single Holder Clause in Contracts

Conversion of Multiple Notes by a Single Holder. If a Holder surrenders more than one Note for conversion on a single Conversion Date, the Company will, subject to the Applicable Procedures, calculate the amount of cash and the number of shares of Common Stock due with respect to such Notes as if such Holder had surrendered for conversion one Note having an aggregate principal amount equal to the sum of the principal amounts of each of the Notes surrendered for conversion by such Holder on such Conversion Date.

Appears in 4 contracts

Samples: Indenture (FedNat Holding Co), First Supplemental Indenture (Chimera Investment Corp), Second Supplemental Indenture (Redwood Trust Inc)

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Conversion of Multiple Notes by a Single Holder. If a Holder surrenders converts more than one Note for conversion on a single Conversion Date, the Company will, subject to the Applicable Procedures, calculate the amount of cash and the number of shares of Common Stock due with respect that the Company will deliver to the converting Holder, and the amount of cash that the Company will pay to such Notes as if such Holder had surrendered for conversion one Note having an aggregate in lieu of fractional shares of Common Stock, will be computed based on the total principal amount equal to the sum of the principal amounts of each of the Notes surrendered for conversion by such Holder converted on such Conversion DateDate by such Holder.

Appears in 2 contracts

Samples: Second Supplemental Indenture (Vector Group LTD), Indenture (Ultrapetrol Bahamas LTD)

Conversion of Multiple Notes by a Single Holder. If a Holder surrenders more than one Note for conversion on a single Conversion Date, the Company will, subject to the Applicable Procedures, will calculate the amount of cash and the number of shares of Common Stock due with respect to such Notes as if such Holder had surrendered for conversion one Note having an aggregate principal amount equal to the sum of the principal amounts of each of the Notes surrendered for conversion by such Holder on such Conversion Date.

Appears in 2 contracts

Samples: First Supplemental Indenture (Redwood Trust Inc), Seacor Holdings Inc /New/

Conversion of Multiple Notes by a Single Holder. If a Holder surrenders more than one Note for conversion on a single Conversion Date, the Company will, subject to the Applicable Procedures, Issuer will calculate the amount of cash and the number of shares of Common Stock due with respect to such Notes as if such Holder had surrendered for conversion one Note having an aggregate principal amount equal to the sum of the principal amounts of each of the Notes surrendered for conversion by such Holder on such Conversion Date.

Appears in 2 contracts

Samples: Alpha Natural Resources, Inc., Alpha Natural Resources, Inc.

Conversion of Multiple Notes by a Single Holder. If a Holder surrenders more than one Note for conversion on a single Conversion Date, Date the Company will, subject to the Applicable Procedures, Issuer will calculate the amount of cash and the number of shares of Common Stock due with respect to such Notes as if such Holder had surrendered for conversion one Note having an aggregate principal amount equal to the sum of the principal amounts of each of the Notes surrendered for conversion by such Holder on such the same Conversion Date.

Appears in 2 contracts

Samples: Indenture (Sears Holdings Corp), Sears Holdings Corp

Conversion of Multiple Notes by a Single Holder. If a Holder surrenders more than one Note for conversion on a single Conversion Date, the Company will, subject to the Applicable Procedures, will calculate the amount of cash and the number of shares of Common Stock due with respect to such Notes as if such Holder had surrendered for conversion one Note having an aggregate principal amount equal to the sum of the principal amounts of each of the Notes surrendered for conversion by such Holder on such Conversion Date.

Appears in 1 contract

Samples: Indenture (Protalix BioTherapeutics, Inc.)

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Conversion of Multiple Notes by a Single Holder. If a Holder surrenders more than one Note for conversion on a single Conversion DateDate or with respect to which a single Observation Period (including, for the avoidance of doubt, the same VWAP Trading Days therein) would apply, the Company will, subject to the Applicable Procedures, will calculate the amount of cash and the number of shares of Common Stock due with respect to such Notes as if such Holder had surrendered for conversion one Note having an aggregate principal amount equal to the sum of the principal amounts of each of the Notes surrendered for conversion by such Holder on such the same Conversion Date.

Appears in 1 contract

Samples: Lumentum Holdings Inc.

Conversion of Multiple Notes by a Single Holder. If a Holder surrenders more than one Note for conversion on a single Conversion Date, the Company will, subject to the Applicable Procedures, will calculate the amount of cash and the number of shares of Common Stock due with respect to such Notes as if such Holder had surrendered for conversion one Note having an aggregate principal amount equal to the sum of the principal amounts of each of the Notes surrendered for conversion by such Holder on such Conversion Date.

Appears in 1 contract

Samples: Second Supplemental Indenture (Intermune Inc)

Conversion of Multiple Notes by a Single Holder. If a Holder surrenders more than one Note for conversion on a single Conversion DateDate or with respect to which a single Observation Period (including, for the avoidance of doubt, the same VWAP Trading Days therein) would apply, the Company will, subject to the Applicable Procedures, will calculate the amount of cash and the number of shares of Common Stock Shares due with respect to such Notes as if such Holder had surrendered for conversion one Note having an aggregate principal amount equal to the sum of the principal amounts of each of the Notes surrendered for conversion by such Holder Xxxxxx on such the same Conversion Date.

Appears in 1 contract

Samples: Indenture (Golar LNG LTD)

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