Common use of Conversion upon Satisfaction of Common Stock Sale Price Condition Clause in Contracts

Conversion upon Satisfaction of Common Stock Sale Price Condition. Before the Close of Business on the Business Day immediately before August 16, 2027, a Holder may convert its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on December 31, 2022, if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Conversion Price for each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter. Neither the Trustee nor the Conversion Agent will be responsible to determine whether such Common Stock sale price condition has been satisfied.

Appears in 1 contract

Samples: Indenture (Nextgen Healthcare, Inc.)

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Conversion upon Satisfaction of Common Stock Sale Price Condition. Before the Close of Business on the Business Day immediately before August 16, 2027, a A Holder may convert its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on December March 31, 20222023, if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Conversion Price for each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter. Neither the Trustee nor the Conversion Agent will be responsible to determine for determining whether such Common Stock sale price the condition set forth in the preceding sentence has been satisfied.

Appears in 1 contract

Samples: Faro Technologies Inc

Conversion upon Satisfaction of Common Stock Sale Price Condition. Before the Close of Business on the Business Day immediately before August 16, 2027, a A Holder may convert its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on December 31September 30, 2022, if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Conversion Price for each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter. Neither the Trustee nor the Conversion Agent will shall be responsible to determine whether such Common Stock sale price condition has been satisfied.

Appears in 1 contract

Samples: Post Holdings, Inc.

Conversion upon Satisfaction of Common Stock Sale Price Condition. Before the Close of Business on the Business Day immediately before August 16, 2027, a A Holder may convert its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on December 31June 30, 2022, if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Conversion Price for each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter. Neither the Trustee nor the Conversion Agent will shall be responsible to determine whether such Common Stock sale price condition for conversion of the Notes has been satisfied.

Appears in 1 contract

Samples: Virgin Galactic Holdings, Inc

Conversion upon Satisfaction of Common Stock Sale Price Condition. Before the Close of Business on the Business Day immediately before August 16, 2027, a A Holder may convert its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on December 31June 30, 20222021, if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Conversion Price for each of at least twenty (20) Table of Contents Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter. Neither If the conditions in this Section 5.01(C)(i)(1) have been met, the Company will notify in writing the Holders, the Trustee nor and the Conversion Agent will be responsible to determine whether such Common Stock sale price condition has been satisfied(if other than the Trustee) of the same.

Appears in 1 contract

Samples: Magnite, Inc.

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Conversion upon Satisfaction of Common Stock Sale Price Condition. Before the Close of Business on the Business Day immediately before August 16, 2027, a A Holder may convert its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on December 31June 30, 20222023, if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Conversion Price for each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter. Neither the Trustee nor the Conversion Agent will be responsible to determine whether such Common Stock sale price condition has been satisfied.

Appears in 1 contract

Samples: Indenture (Rivian Automotive, Inc. / DE)

Conversion upon Satisfaction of Common Stock Sale Price Condition. Before the Close of Business on the Business Day immediately before August 16, 2027, a A Holder may convert its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on December 31June 30, 20222020, if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Conversion Price for each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter. Neither The Company will determine at the beginning of each calendar quarter commencing after June 30, 2020 whether the condition set forth in the preceding sentence has been satisfied and, if so, will notify the Holders, the Trustee nor and the Conversion Agent will be responsible to determine whether such Common Stock sale price condition has been satisfied(if other than the Trustee) of the same.

Appears in 1 contract

Samples: Indenture (PetIQ, Inc.)

Conversion upon Satisfaction of Common Stock Sale Price Condition. Before the Close of Business on the Business Day immediately before August 16, 2027, a A Holder may convert its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on December March 31, 2022, if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Conversion Price for each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter. Neither the Trustee nor the Conversion Agent will shall be responsible to determine whether such Common Stock sale price condition has been satisfied.

Appears in 1 contract

Samples: Indenture (Stem, Inc.)

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