Conversion Upon Satisfaction of Trading Price Condition. A holder may surrender any of its Notes for conversion during the five (5) consecutive Trading Day period following any five (5) consecutive Trading Day period in which the Trading Price per $1,000 principal amount of Notes (as determined following a reasonable request by a holder of the Notes) was less than 98% of the product of the Closing Sale Price of the Common Shares multiplied by the Conversion Rate.
Appears in 3 contracts
Samples: Indenture (RAIT Financial Trust), Indenture (Luminent Mortgage Capital Inc), Indenture (KKR Financial Holdings LLC)
Conversion Upon Satisfaction of Trading Price Condition. A holder may surrender any of its Notes for conversion during the five (5) consecutive Trading Day period following any five twenty (520) consecutive Trading Day period (the “measurement period”) in which the Trading Price per $1,000 principal amount of Notes (as determined following a reasonable request by a holder of the Notes) on each Trading Day of such measurement period was less than 9895% of the product of the Closing Sale Price of the Common Shares Stock multiplied by the Conversion RateRate in effect on the applicable Trading Day.
Appears in 1 contract
Conversion Upon Satisfaction of Trading Price Condition. A holder may surrender any of its Notes for conversion during the five (5) consecutive Trading Day period following any five (5) consecutive Trading Day period in which the Trading Price per $1,000 principal amount of Notes (as determined following a reasonable request by a holder of the Notes) was less than 98% of the product of the Closing Sale Price of the Common Shares Stock multiplied by the Conversion Rate.
Appears in 1 contract
Samples: Nineteenth Supplemental Indenture (Istar Financial Inc)
Conversion Upon Satisfaction of Trading Price Condition. A holder Holder may surrender any of its Notes for conversion during the five (5) consecutive Trading Day period following any five (5) consecutive Trading Day period in which the Trading Price per $1,000 principal amount of Notes (as determined following a reasonable request by a holder of the Notes) was less than 98% of the product of the Closing Sale Price of the Common Shares Stock multiplied by the applicable Conversion Rate.
Appears in 1 contract
Samples: Indenture (Ventas Inc)
