Conversion Upon Satisfaction of Market Price Condition. A Holder may surrender any of its Notes for conversion during any fiscal quarter beginning after December 31, 2010 (and only during such fiscal quarter) if, and only if, the Closing Sale Price of the Common Shares for at least 20 Trading Days (whether or not consecutive) in the period of 30 consecutive Trading Days ending on the last Trading Day of the preceding fiscal quarter is more than 125% of the Conversion Price per Common Share in effect on the applicable Trading Day. The Board of Directors of the Company shall make appropriate adjustments, in its good faith determination, to account for any adjustment to the Conversion Rate that becomes effective, or any event requiring an adjustment to the Conversion Rate where the ex-dividend date of the event occurs, during that 30 consecutive Trading Day period.
Conversion Upon Satisfaction of Market Price Condition. A Holder may convert Securities into cash and shares of Common Stock, if any, if the Sale Price per share of the Common Stock for at least 20 Trading Days in the 30 Trading-Day period ending on the Trading Day immediately preceding the date on which Securities are surrendered for conversion exceeds 140% of the Initial Stock Price. The Conversion Agent shall determine on a daily basis whether the Securities shall be convertible pursuant to this clause (b)(i) and, if the Securities shall be so convertible, the Conversion Agent shall promptly deliver written notice thereof to the Company and, if the Trustee is not acting as Conversion Agent pursuant to Section 2.3 at the time of such notification, to the Trustee.
Conversion Upon Satisfaction of Market Price Condition. A Holder may surrender all or a portion of its Securities for conversion during any fiscal quarter (and only during such fiscal quarter) commencing after June 30, 2009, and prior to 5:00 p.m., New York City time, on the Business Day immediately preceding the Stated Maturity, if the Closing Sale Price of the Common Shares is greater than or equal to 130% of the applicable Conversion Price then in effect for at least 20 Trading Days during the period of the 30 consecutive Trading Days ending on, and including, the last Trading Day of the preceding fiscal quarter.
Conversion Upon Satisfaction of Market Price Condition. A Holder may surrender any of its Notes for conversion during any calendar quarter beginning after March 31, 2010 (and only during such calendar quarter) if, and only if, the Closing Sale Price of Lexington Common Shares for at least 20 Trading Days (whether or not consecutive) in the period of 30 consecutive Trading Days ending on the last Trading Day of the preceding calendar quarter as determined by the Issuer is more than 130% of the Conversion Price per Lexington Common Share in effect on the applicable Trading Day. The Board of Trustees of the Issuer shall make appropriate adjustments, in its good faith determination, to account for any adjustment to the Conversion Rate that becomes effective, or any event requiring an adjustment to the Conversion Rate where the ex-dividend date of the event occurs, during that 30 consecutive Trading-Day period.
Conversion Upon Satisfaction of Market Price Condition. A holder may surrender any of its Notes for conversion during any calendar quarter beginning after March 31, 2006 if the Closing Sale Price of the Common Stock for at least twenty (20) Trading Days (whether or not consecutive) in the period of thirty (30) consecutive Trading Days ending on the last Trading Day of the preceding calendar quarter is more than 130% of the Conversion Price per share of Common Stock in effect on the applicable Trading Day. The Board of Directors will make appropriate adjustments, in its good faith determination, to account for any adjustment to the Conversion Rate that becomes effective, or any event requiring an adjustment to the Conversion Rate where the ex-dividend date of the event occurs, during that thirty (30) consecutive Trading Day period.
(i) whether the Notes shall be convertible as a result of the occurrence of an event specified in this clause (i) and, if the Notes shall be so convertible, the Conversion Agent shall promptly deliver to the Issuer and the Trustee (if the Trustee is not the Conversion Agent) written notice thereof.
Conversion Upon Satisfaction of Market Price Condition. Holders may surrender notes for conversion during any calendar quarter commencing after the date of original issuance of the notes if the closing sale price (as defined below) of our common stock, for at least 20 trading days in the period of 30 consecutive trading days ending on the last trading day of the calendar quarter preceding the quarter in which the conversion occurs, is more than 120% of the conversion price of the notes in effect on that last trading day. The “closing sale price” of our common stock on any date means the closing per share sale price (or, if no closing sale price is reported, the average of the bid and ask prices or, if more than one in either case, the average of the average bid and the average ask prices) at 4:00 p.m. (New York City time) on such date as reported in composite transactions for the principal U.S. securities exchange on which our common stock is traded or, if our common stock is not listed on a U.S. national securities exchange, as reported by the National Quotation Bureau Incorporated. A “trading day” means a day on which (i) there is no market disruption event (as defined below) and (ii) NASDAQ or, if our common stock is not listed on NASDAQ, the principal other U.S. national securities exchange on which our common stock is then listed is open for trading or, if our common stock is not so listed, any business day. A “trading day” only includes those days that have a scheduled closing time of 4:00 p.m. (New York City time) or the then standard closing time for regular trading on the relevant exchange or trading system. A “market disruption event” means the occurrence or existence for more than one half hour period in the aggregate on any scheduled trading day for our common stock of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by NASDAQ or otherwise) in our common stock or in any options, contracts or future contracts relating to our common stock, and such suspension or limitation occurs or exists at any time before 1:00 p.m. (New York City time) on such day.
Conversion Upon Satisfaction of Market Price Condition. A Holder may surrender all or a portion of its Securities for conversion during any fiscal quarter (and only during such fiscal quarter) commencing after June 30, 2007 if, and only if, the Last Reported Sale Price for the Common Stock for at least twenty (20) Trading Days (whether or not consecutive) during the period of thirty (30) consecutive Trading Days ending on the last Trading Day of the immediately preceding fiscal quarter as determined by the Company is greater than or equal to one hundred thirty percent (130%) of the Conversion Price in effect on such last Trading Day. The Board of Directors of the Company will make appropriate adjustments in its good faith determination, to account for any adjustment to the Conversion Rate that becomes effective, or any event requiring an adjustment to the Conversion Rate where the Ex-Dividend Date of the event occurs, during that thirty (30) consecutive Trading Day period.
Conversion Upon Satisfaction of Market Price Condition. Holders may surrender Securities for conversion into Ordinary Shares if the Sale Price of the Ordinary Shares for each of any five Consecutive Trading Days in the immediately preceding fiscal quarter, exceeds 115% of the Conversion Price per share of the Ordinary Shares on each such trading day. For each fiscal quarter, the Company will determine if the Securities are convertible as the result of the satisfaction of this condition in the preceding fiscal quarter and will promptly, but in no event later than five Business Days after the beginning of the fiscal quarter, notify the Trustee accordingly. The Trustee will, in turn, notify the Holders in each quarter but in no event later than seven Business Days after receiving notification from the Company, as to the satisfaction of this condition. The “Sale Price” of the Company’s Ordinary Shares on any date means the closing per share sale price (or if no closing sale price is reported, the average of the bid and ask prices or, if more than one in either case, the average of the average bid and the average ask prices) on such date as reported in composite transactions for the principal United States securities exchange on which the Company’s Ordinary Shares are traded or, if the Ordinary Shares are not listed on a United States national or regional securities exchange, as reported by the NASDAQ System or by the National Quotation Bureau Incorporated, however if Nasdaq is no longer reporting such information, or if our Ordinary Shares are not reported on Nasdaq, as available in any other over-the-counter market or, if not available in any over-the counter market, as determined in good faith by our board of directors.
Conversion Upon Satisfaction of Market Price Condition. Section 11.01(a) of the Indenture
Conversion Upon Satisfaction of Market Price Condition. A Holder may surrender any of its Notes for conversion during any calendar quarter beginning after December 31, 2006 (and only during such calendar quarter) if, and only if, the Closing Sale Price of Company Common Shares for at least 20 Trading Days (whether or not consecutive) in the period of 30 consecutive Trading Days ending on the last Trading Day of the preceding calendar quarter as determined by the Company is more than 130% of the Conversion Price per Company Common Share in effect on the applicable Trading Day. The Board of Trustees of the Company shall make appropriate adjustments, in its good faith determination, to account for any adjustment to the Conversion Rate that becomes effective, or any event requiring an adjustment to the Conversion Rate where the ex-dividend date of the event occurs, during that 30 consecutive trading-day period.
