Common use of Conversion Upon Satisfaction of Common Stock Price Condition Clause in Contracts

Conversion Upon Satisfaction of Common Stock Price Condition. Notes may be converted during any calendar quarter commencing after June 30, 2008, and only during such quarter, if the Last Reported Sale Price of the Common Stock for at least 20 Trading Days during the period of 30 consecutive Trading Days ending on the last Trading Day of the calendar quarter immediately preceding such calendar quarter (appropriately adjusted to take into account the occurrence, during such 30 consecutive Trading Days, of any event requiring adjustment of the Conversion Price under this Indenture) is more than 130% of the Conversion Price on such 30th Trading Day.

Appears in 2 contracts

Samples: Supplemental Indenture (Energy Conversion Devices Inc), Supplemental Indenture (Energy Conversion Devices Inc)

AutoNDA by SimpleDocs

Conversion Upon Satisfaction of Common Stock Price Condition. Notes may be converted Prior to January 1, 2027, during any calendar quarter commencing after June 30, 20082007, and only during such quarter, if the Last Reported Closing Sale Price of the Common Stock for at least 20 Trading Days during the period of 30 consecutive Trading Days ending on the last Trading Day of the calendar quarter immediately preceding such calendar quarter (appropriately adjusted to take into account the occurrence, during such 30 consecutive Trading DaysTrading-Day period, of any event requiring adjustment of the Base Conversion Price under this Indenture) is more than 130% of the Base Conversion Price on such 30th Trading Day.;

Appears in 2 contracts

Samples: Indenture (Blackboard Inc), Indenture (Blackboard Inc)

Conversion Upon Satisfaction of Common Stock Price Condition. Notes may be converted during any calendar quarter commencing after June 30January 1, 20082018, and only during such quarter, if the Last Reported Sale Price of the Common Stock for at least 20 Trading Days during the period of 30 consecutive Trading Days ending on the last Trading Day of the calendar quarter immediately preceding such calendar quarter (appropriately adjusted to take into account the occurrence, during such 30 consecutive Trading Days, of any event requiring adjustment of the Conversion Price under this Indenture) is more than 130% of the Conversion Price on such 30th last Trading Day.

Appears in 1 contract

Samples: Supplemental Indenture (Bristow Group Inc)

Conversion Upon Satisfaction of Common Stock Price Condition. Notes may be converted during any calendar quarter commencing after June September 30, 2008, and only during such quarter, if the Last Reported Sale Price of the Common Stock for at least 20 Trading Days during the period of 30 consecutive Trading Days ending on the last Trading Day of the calendar quarter immediately preceding such calendar quarter (appropriately adjusted to take into account the occurrence, during such 30 consecutive Trading Days, of any event requiring adjustment of the Base Conversion Price under this Indenture) is more than 130% of the Base Conversion Price on such 30th last Trading Day.

Appears in 1 contract

Samples: Supplemental Indenture (Ferro Corp)

AutoNDA by SimpleDocs

Conversion Upon Satisfaction of Common Stock Price Condition. Notes may be converted during any calendar quarter commencing after June 30, 2008, and only during such quarter, if the Last Reported Sale Price of the Common Stock for at least 20 Trading Days during the period of 30 consecutive Trading Days ending on the last Trading Day of the calendar quarter immediately preceding such calendar quarter (appropriately adjusted to take into account the occurrence, during such 30 consecutive Trading Days, of any event requiring adjustment of the Base Conversion Price under this Indenture) is more than 130120% of the Base Conversion Price on such 30th last Trading Day.

Appears in 1 contract

Samples: Supplemental Indenture (Bristow Group Inc)

Conversion Upon Satisfaction of Common Stock Price Condition. Notes may be converted during any calendar quarter commencing after June 30March 31, 2008, and only during such quarter, if the Last Reported Sale Price of the Common Stock for at least 20 Trading Days during the period of 30 consecutive Trading Days ending on the last Trading Day of the calendar quarter immediately preceding such calendar quarter (appropriately adjusted to take into account the occurrence, during such 30 consecutive Trading Days, of any event requiring adjustment of the Base Conversion Price under this Indenture) is more than 130% of the Base Conversion Price on such 30th Trading Day.

Appears in 1 contract

Samples: Supplemental Indenture (Pioneer Natural Resources Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!