Common use of Conversion Settlement Defaults Clause in Contracts

Conversion Settlement Defaults. If (x) the Company fails to deliver, by the related Conversion Settlement Date any shares of Common Stock (the “Defaulted Shares”) forming part of the Conversion Consideration, and (y) the Holder (whether directly or indirectly, including by any broker acting on the Holder’s behalf or acting with respect to such Defaulted Shares) purchases any shares of Common Stock (whether in the open market or otherwise) to cover any such Defaulted Shares (whether to satisfy any settlement obligations with respect thereto of the Holder or otherwise), then, without limiting the Holder’s right to pursue any other remedy available to it (whether hereunder, under applicable law or otherwise), the Holder will have the right, exercisable by notice to the Company, to cause the Company to either:

Appears in 2 contracts

Samples: Supplemental Indenture (Tellurian Inc. /De/), Securities Purchase Agreement (Tellurian Inc. /De/)

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Conversion Settlement Defaults. If (x) the Company fails to deliver, by the related Conversion Settlement Date Date, any shares of Common Stock (the “Defaulted Shares”) forming part of the Conversion Consideration, Consideration of the conversion of the Notes; and (y) the a Holder (whether directly or indirectly, including by any broker acting on the such Holder’s behalf or acting with respect to such Defaulted Shares) purchases any shares of Common Stock (whether in the open market or otherwise) to cover any such Defaulted Shares (whether to satisfy any settlement obligations with respect thereto of the such Holder or otherwise), then, without limiting the such Holder’s right to pursue any other remedy available to it (whether hereunder, under applicable law or otherwise), the such Holder will have the right, exercisable by written notice to the Company, to cause the Company to either:

Appears in 1 contract

Samples: Indenture (Workhorse Group Inc.)

Conversion Settlement Defaults. If (x) the Company fails to deliver, by the related Conversion Settlement Date Date, any shares of Common Stock Shares (the “Defaulted Shares”) forming part of the Conversion Consideration, Consideration of the conversion of this Note; and (y) the Holder (whether directly or indirectly, including by any broker acting on the Holder’s behalf or acting with respect to such Defaulted Shares) purchases any shares of Common Stock Shares (whether in the open market or otherwise) to cover any such Defaulted Shares (whether to satisfy any settlement obligations with respect thereto of the Holder or otherwise), then, without limiting the Holder’s right to pursue any other remedy available to it (whether hereunder, under applicable law or otherwise), the Holder will have the right, exercisable by notice to the Company, to cause the Company to either:

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Tilray Brands, Inc.)

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Conversion Settlement Defaults. If (x) the Company fails to deliver, by the related Conversion Settlement Date any shares of Common Stock (the “Defaulted Shares”) forming part of the Conversion Consideration, and (y) the Holder (whether directly or indirectly, including by any broker acting on the Holder’s behalf or acting with respect to such Defaulted Shares) purchases any shares of Common Stock (whether in the open market or otherwise) to cover any such Defaulted Shares (whether to satisfy any settlement obligations with respect thereto of the Holder or otherwise), then, without limiting the Holder’s right to pursue any other remedy available to it (whether hereunder, under applicable law or otherwise), the Holder will have the right, exercisable by notice to the Company, to cause the Company to either:

Appears in 1 contract

Samples: Supplemental Indenture (Tellurian Inc. /De/)

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