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

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.

Appears in 2 contracts

Samples: Supplemental Indenture (Developers Diversified Realty Corp), Twelfth Supplemental Indenture (Developers Diversified Realty Corp)

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Conversion Upon Satisfaction of Market Price Condition. A Holder may surrender any of its Notes for conversion during any fiscal calendar quarter beginning after December 31, 2010 2006 (and only during such fiscal calendar 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 calendar quarter is more than 125130% of the Conversion Price per Common Share in effect on the applicable Trading Day. The Board of Directors Trust Managers 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 Trading-Day period.

Appears in 1 contract

Samples: First Supplemental Indenture (Weingarten Realty Investors /Tx/)

Conversion Upon Satisfaction of Market Price Condition. A Holder holder may surrender any of its Notes for conversion during any fiscal calendar quarter beginning after December 31September 30, 2010 2007 (and only during such fiscal calendar quarter) if, and only if, the Closing Sale Price of the Common Shares for at least 20 twenty (20) Trading Days (whether or not consecutive) in the period of 30 thirty (30) consecutive Trading Days ending on the last Trading Day of the preceding fiscal calendar quarter is more than 125130% of the Conversion Price per Common Share in effect on the applicable Trading Day. The Board of Directors of the Company shall 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 30 thirty (30) consecutive Trading Day period.

Appears in 1 contract

Samples: Indenture (KKR Financial Holdings LLC)

Conversion Upon Satisfaction of Market Price Condition. A Holder holder may surrender any of its Notes for conversion during any fiscal calendar quarter beginning after December 31, 2010 2007 (and only during such fiscal calendar quarter) if, and only if, the Closing Sale Price of the Common Shares Stock for at least 20 twenty (20) Trading Days (whether or not consecutive) in the period of 30 thirty (30) consecutive Trading Days ending on the last Trading Day of the preceding fiscal calendar quarter is more than 125130% of the Conversion Price per share of Common Share Stock in effect on the applicable Trading Day. The Board of Directors of the Company shall 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 30 thirty (30) consecutive Trading Day period.

Appears in 1 contract

Samples: Nineteenth Supplemental Indenture (Istar Financial Inc)

Conversion Upon Satisfaction of Market Price Condition. A Holder may surrender any of its Notes for conversion during any fiscal calendar quarter beginning after December 31, 2010 2006 (and only during such fiscal calendar quarter) if, and only if, the Closing Sale Price of the Common Shares Stock for at least 20 twenty (20) Trading Days (whether or not consecutive) in the period of 30 thirty (30) consecutive Trading Days ending on the last Trading Day of the preceding fiscal calendar quarter is more than 125% of the Conversion Price per share of Common Share Stock 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-ex dividend date of the event occurs, during that 30 thirty (30) consecutive Trading Day period.

Appears in 1 contract

Samples: Indenture (Ventas Inc)

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Conversion Upon Satisfaction of Market Price Condition. A Holder holder may surrender any of its Notes for conversion during any fiscal calendar quarter beginning after December 31June 30, 2010 2007 (and only during such fiscal calendar quarter) if, and only if, the Closing Sale Price of the Common Shares for at least 20 twenty (20) Trading Days (whether or not consecutive) in the period of 30 thirty (30) consecutive Trading Days ending on the last Trading Day of the preceding fiscal calendar quarter is more than 125120% of the Conversion Price per Common Share in effect on the applicable Trading Day. The Board of Directors of the Company shall Trustees 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 30 thirty (30) consecutive Trading Day period.

Appears in 1 contract

Samples: Indenture (RAIT Financial Trust)

Conversion Upon Satisfaction of Market Price Condition. A Holder may surrender any of its Notes for conversion during any fiscal calendar quarter beginning after December 31September 30, 2010 2006 (and only during such fiscal calendar quarter) if, and only if, the Closing Sale Price of the Company Common Shares Stock 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 calendar quarter is more than 125130% of the Conversion Price per Company 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 exEx-dividend date Dividend Date of the event occurs, during that 30 consecutive Trading Day trading-day period.

Appears in 1 contract

Samples: Second Supplemental Indenture (Bre Properties Inc /Md/)

Conversion Upon Satisfaction of Market Price Condition. A Holder holder may surrender any of its Notes for conversion during any fiscal calendar quarter beginning after December 31June 30, 2010 2007 (and only during such fiscal calendar quarter) if, and only if, the Closing Sale Price of the Common Shares for at least 20 twenty (20) Trading Days (whether or not consecutive) in the period of 30 thirty (30) consecutive Trading Days ending on the last Trading Day of the preceding fiscal calendar quarter is more than 125120% of the Conversion Price per Common Share in effect on the applicable Trading Day. The Board of Directors of the Company shall 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 30 thirty (30) consecutive Trading Day period.

Appears in 1 contract

Samples: Indenture (Luminent Mortgage Capital Inc)

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