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

Conversion Upon Satisfaction of Trading Price Condition. Notes may be converted during the five consecutive Business Days after any ten consecutive Trading Days on which the Trading Price of $1,000 principal amount of Notes, as determined by the Bid Solicitation Agent following a request by a Noteholder in accordance with the procedures described below in Section 8.01(c), for each Trading Day of such ten Trading Days was less than 97% of the product of the Last Reported Sale Price of the Common Stock for such Trading Day and the Conversion Rate.

Appears in 2 contracts

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

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Conversion Upon Satisfaction of Trading Price Condition. Notes may be converted during the five consecutive Business Days after any ten five consecutive Trading Days on which the Trading Price of $1,000 principal amount of Notes, as determined by the Bid Solicitation Agent following a request by a Noteholder the Company in accordance with the procedures described below in Section 8.01(c), for each Trading Day of such ten five Trading Days was less than 9798% of the product of the Last Reported Sale Price of the Common Stock for such Trading Day and the Conversion RateRate in effect on such day.

Appears in 1 contract

Samples: Supplemental Indenture (Bristow Group Inc)

Conversion Upon Satisfaction of Trading Price Condition. Notes may be converted during the five consecutive Business Days after any ten 10 consecutive Trading Days on which the Trading Price of $1,000 principal amount of Notes, as determined by the Bid Solicitation Agent Trustee following a request by a Noteholder in accordance with the procedures described below in Section 8.01(c), for each Trading Day of such ten 10 Trading Days was less than 97% of the product of the Last Reported Sale Price of the Common Stock for such Trading Day and the Applicable Daily Conversion RateRate on such day.

Appears in 1 contract

Samples: Supplemental Indenture (Pioneer Natural Resources Co)

Conversion Upon Satisfaction of Trading Price Condition. Notes may be converted during the five consecutive Business Days after any ten five consecutive Trading Days on which the Trading Price of $1,000 principal amount of Notes, as determined by the Bid Solicitation Agent Trustee following a request by a Noteholder in accordance with the procedures described below in Section 8.01(c7.01(c), for each Trading Day of such ten five Trading Days was less than 97% of the product of the Last Reported Sale Price of the Common Stock for such Trading Day and the Applicable Daily Conversion RateRate on such day.

Appears in 1 contract

Samples: Supplemental Indenture (Ferro Corp)

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Conversion Upon Satisfaction of Trading Price Condition. Notes may be converted during the five consecutive Business Days after any ten five consecutive Trading Days on which the Trading Price of $1,000 principal amount of Notes, as determined by the Bid Solicitation Agent Trustee following a request by a Noteholder in accordance with the procedures described below in Section 8.01(c), for each Trading Day of such ten five Trading Days was less than 97% of the product of the Last Reported Sale Price of the Common Stock for such Trading Day and the Applicable Daily Conversion RateRate on such day.

Appears in 1 contract

Samples: Supplemental Indenture (Bristow Group Inc)

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