Common use of Conversion Procedure; Settlement Upon Conversion Clause in Contracts

Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.02, Section 14.03(b) and Section 14.07(a), upon conversion of any Note, the Company shall pay or deliver, as the case may be, to the converting Holder, in respect of each US$1,000 principal amount of Notes being converted, cash (“Cash Settlement”), ADSs, together with cash, if applicable, in lieu of delivering any fractional ADSs in accordance with subsection (j) of this Section 14.02 (“Physical Settlement”) or a combination of cash and ADSs, together with cash, if applicable, in lieu of delivering any fractional ADS in accordance with subsection (j) of this Section 14.02 (“Combination Settlement”), at its election, as set forth in this Section 14.02.

Appears in 8 contracts

Samples: Indenture (iQIYI, Inc.), Supplemental Indenture (Sea LTD), Indenture (Sea LTD)

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Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.02, Section 14.03(b) and Section 14.07(a), upon conversion of any Note, the Company shall pay or deliver, as the case may be, to the converting Holder, in respect of each US$$1,000 principal amount of Notes being converted, cash (“Cash Settlement”), ADSsOrdinary Shares, together with cash, if applicable, in lieu of delivering any fractional ADSs Ordinary Share in accordance with subsection (j) of this Section 14.02 (“Physical Settlement”) or a combination of cash and ADSsOrdinary Shares, together with cash, if applicable, in lieu of delivering any fractional ADS Ordinary Share in accordance with subsection (j) of this Section 14.02 (“Combination Settlement”), at its election, as set forth in this Section 14.02.

Appears in 3 contracts

Samples: Indenture (Nova Measuring Instruments LTD), Indenture (Wix.com Ltd.), Indenture (Wix.com Ltd.)

Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.0211.02, Section 14.03(b11.03(b) and Section 14.07(a11.07(a), upon conversion of any Note, the Company shall pay or deliver, as the case may be, to the converting Holder, in respect of each US$$1,000 principal amount of Notes being converted, cash (“Cash Settlement”), ADSsCommon Shares, together with cash, if applicable, in lieu of delivering any fractional ADSs Common Shares in accordance with subsection (j) of this Section 14.02 11.02 (“Physical Settlement”) or a combination of cash and ADSsCommon Shares, together with cash, if applicable, in lieu of delivering any fractional ADS Common Shares in accordance with subsection (j) of this Section 14.02 11.02 (“Combination Settlement”), at its election, as set forth in this Section 14.0211.02.

Appears in 3 contracts

Samples: Second Supplemental Indenture (TimkenSteel Corp), Indenture (TimkenSteel Corp), First Supplemental Indenture (TimkenSteel Corp)

Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.02, Section 14.03(b) and Section 14.07(a), upon conversion of any Note, the Company shall pay or deliver, as the case may be, to the converting Holder, in respect of each US$$1,000 principal amount of Notes being converted, cash (“Cash Settlement”), ADSsClass A Shares, together with cash, if applicable, in lieu of delivering any fractional ADSs Class A Share in accordance with subsection (j) of this Section 14.02 (“Physical Settlement”) or a combination of cash and ADSsClass A Shares, together with cash, if applicable, in lieu of delivering any fractional ADS Class A Share in accordance with subsection (j) of this Section 14.02 (“Combination Settlement”), at its election, as set forth in this Section 14.02.

Appears in 2 contracts

Samples: Indenture (Yandex N.V.), Indenture (Yandex N.V.)

Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.02, Section 14.03(b) and Section 14.07(a), upon conversion of any Note, the Company shall pay or deliver, as the case may be, to the converting Holder, in respect of each US$$1,000 principal amount of Notes being converted, cash (“Cash Settlement”), ADSsOrdinary Shares, together with cash, if applicable, in lieu of delivering any fractional ADSs Ordinary Share in accordance with subsection (jk) of this Section 14.02 (“Physical Settlement”) or a combination of cash and ADSsOrdinary Shares, together with cash, if applicable, in lieu of delivering any fractional ADS Ordinary Share in accordance with subsection (jk) of this Section 14.02 (“Combination Settlement”), at its election, as set forth in this Section 14.02.

Appears in 2 contracts

Samples: Fiverr International Ltd., CyberArk Software Ltd.

Conversion Procedure; Settlement Upon Conversion. (ai) Subject to this Section ‎Section 14.02, Section ‎Section 14.03(b) and Section ‎Section 14.07(a), upon conversion of any Note, the Company shall pay or deliver, as the case may be, to the converting Holder, in respect of each US$$1,000 principal amount of Notes being converted, cash (“Cash Settlement”), ADSsOrdinary Shares, together with cash, if applicable, in lieu of delivering any fractional ADSs Ordinary Share in accordance with subsection (j‎(j) of this Section ‎Section 14.02 (“Physical Settlement”) or a combination of cash and ADSsOrdinary Shares, together with cash, if applicable, in lieu of delivering any fractional ADS Ordinary Share in accordance with subsection (j‎(j) of this Section ‎Section 14.02 (“Combination Settlement”), at its election, as set forth in this Section ‎Section 14.02.

Appears in 1 contract

Samples: NovoCure LTD

Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.02, Section 14.03(b) and Section 14.07(a), upon conversion of any Note, the Company shall pay satisfy its Conversion Obligation by paying or deliverdelivering, as the case may be, to the converting Holder, in respect of each US$1,000 principal amount of Notes being converted, cash (“Cash Settlement”), ADSs, together with cash, if applicable, in lieu of delivering any fractional ADSs ADS in accordance with subsection (j) 0 of this Section 14.02 (“Physical 14.02(“Physical Settlement”) or a combination of cash and ADSs, together with cash, if applicable, in lieu of delivering any fractional ADS in accordance with subsection (j) 0 of this Section 14.02 (“Combination Settlement”), at its election, as set forth in this Section 14.02.

Appears in 1 contract

Samples: Indenture (Bilibili Inc.)

Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.0212.02, Section 14.03(b12.05(b) and Section 14.07(a)12.06, upon conversion of any Note, the Company shall pay or deliver, as the case may be, to the converting Holder, in respect of each US$$1,000 principal amount of Notes being converted, cash (“Cash Settlement”), ADSsOrdinary Shares, together with cash, if applicable, in lieu of delivering any fractional ADSs Ordinary Share in accordance with subsection (ji) of this Section 14.02 12.02 (“Physical Settlement”) ), cash (“Cash Settlement”), or a combination of cash Ordinary Shares and ADSscash, together with cash, if applicable, in lieu of delivering any fractional ADS Ordinary Share in accordance with subsection (ji) of this Section 14.02 12.02 (“Combination Settlement”) (subject to the settlement provisions of this Section 12.02, the “Conversion Obligation”), at its the Company’s election, as set forth in this Section 14.0212.02.

Appears in 1 contract

Samples: First Supplemental Indenture (Vantage Drilling CO)

Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.02, Section 14.03(b) and Section 14.07(a), upon conversion of any Note, the Company shall pay or deliver, as the case may be, to the converting Holder, in respect of each US$$1,000 principal amount of Notes being converted, cash (“Cash Settlement”), ADSsOrdinary Shares, together with cash, if applicable, in lieu of delivering any fractional ADSs Ordinary Share in accordance with subsection (j) of this Section 14.02 (“Physical Settlement”) or a combination of cash and ADSsOrdinary Shares, together with cash, if applicable, in lieu of delivering any fractional ADS Ordinary Share in accordance with subsection (j) of this Section 14.02 (“Combination Settlement”), at its election, as set forth in this Section 14.02.. 66

Appears in 1 contract

Samples: Indenture (Camtek LTD)

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Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.02, Section 14.03(b) and Section 14.07(a), upon conversion of any Note, the Company shall pay or deliver, as the case may be, to the converting Holder, in respect of each US$1,000 principal amount of Notes being converted, cash (“Cash Settlement”), ADSs, ADSs together with cash, if applicable, in lieu of delivering any fractional ADSs (“Fractional ADSs”) (in accordance with subsection (j) of this Section 14.02 (“Physical Settlement”)) or a combination of cash and ADSs, together with cash, if applicable, in lieu of delivering any fractional ADS in accordance with subsection (j) of this Section 14.02 (“Combination Settlement”), at its election, subject to the Holder’s election to receive Ordinary Shares in lieu of such ADSs, as set forth in this Section 14.02.. ​

Appears in 1 contract

Samples: ZTO Express (Cayman) Inc.

Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section ‎Section 14.02, Section ‎Section 14.03(b) and Section ‎Section 14.07(a), upon conversion of any Note, the Company shall pay or deliver, as the case may be, to the converting Holder, in respect of each US$1,000 principal amount of Notes being converted, cash (“Cash Settlement”), ADSs, together with cash, if applicable, in lieu of delivering any fractional ADSs in accordance with subsection (j‎(j) of this Section ‎Section 14.02 (“Physical Settlement”) or a combination of cash and ADSs, together with cash, if applicable, in lieu of delivering any fractional ADS in accordance with subsection (j‎(j) of this Section ‎Section 14.02 (“Combination Settlement”), at its election, as set forth in this Section ‎Section 14.02.

Appears in 1 contract

Samples: First Supplemental Indenture (iQIYI, Inc.)

Conversion Procedure; Settlement Upon Conversion. ​ ​ ​ (a) Subject to this Section 14.02, Section 14.03(b) and Section 14.07(a), upon conversion of any Note, the Company shall pay or deliver, as the case may be, to the converting Holder, in respect of each US$1,000 principal amount of Notes being converted, cash (“Cash Settlement”), ADSs, ADSs together with cash, if applicable, in lieu of delivering any fractional ADSs (“Fractional ADSs”) (in accordance with subsection (j) of this Section 14.02 (“Physical Settlement”)) or a combination of cash and ADSs, together with cash, if applicable, in lieu of delivering any fractional ADS in accordance with subsection (j) of this Section 14.02 (“Combination Settlement”), at its election, as set forth in this Section 14.02.

Appears in 1 contract

Samples: Indenture (NIO Inc.)

Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.02, Section 14.03(b) and Section 14.07(a), upon conversion of any Note, the Company shall pay or deliver, as the case may be, to the converting Holder, in respect of each US$1,000 principal amount of Notes being converted, cash (“Cash Settlement”), ADSs, together with cash, if applicable, in lieu of delivering any fractional ADSs in accordance with subsection (j‎(j) of this Section 14.02 (“Physical Settlement”) or a combination of cash and ADSs, together with cash, if applicable, in lieu of delivering any fractional ADS in accordance with subsection (j‎(j) of this Section 14.02 (“Combination Settlement”), at its election, as set forth in this Section 14.02.

Appears in 1 contract

Samples: Indenture (iQIYI, Inc.)

Conversion Procedure; Settlement Upon Conversion. (a) Subject to this Section 14.02, Section 14.03(b14.04(b) and Section 14.07(a14.08(a), upon conversion of any Note, the Company shall pay or delivercause to be delivered, as the case may be, to the converting Holder, in respect of each US$1,000 principal amount of Notes being converted, cash (“Cash Settlement”), ADSs, together with cash, if applicable, in lieu of delivering any fractional ADSs ADS (“Fractional ADS”) in accordance with subsection (j) of this Section 14.02 (“Physical Settlement”) or a combination of cash and ADSs, together with cash, if applicable, in lieu of delivering any fractional Fractional ADS in accordance with subsection (j) of this Section 14.02 (“Combination Settlement”), at its election, as set forth in this Section 14.02.

Appears in 1 contract

Samples: And (51job, Inc.)

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