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

Conversion Upon Satisfaction of Trading Price Condition. During the five consecutive Business-Day period after any five consecutive Trading-Day period in which the Trading Price per $1,000 principal amount of Securities, as determined following a request by a Holder in accordance with the procedures described below in Section 9.01(c), for each Trading Day of such five Trading-Day period was less than 95% of the product of the average of the Closing Sale Prices of the Common Stock for such five Trading-Day period and the Applicable Conversion Rate; provided that, for purposes of this Section 9.01(a)(ii), the Applicable Stock Price shall be equal to the Closing Sale Price on such day;

Appears in 3 contracts

Samples: Indenture (MidCon Compression LP), Indenture (Chesapeake Energy Corp), Indenture (Chesapeake Energy Corp)

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Conversion Upon Satisfaction of Trading Price Condition. During the five consecutive Business-Day period after any five consecutive Trading-Day period in which the Trading Price per $1,000 principal amount of Securities, as determined following a request by a Holder in accordance with the procedures described below in Section 9.01(c), for each Trading Day of such five Trading-Day period was less than 95% of the product of the average of the Closing Sale Prices of the Common Stock for such five Trading-Day period and the Applicable Conversion Rate; provided that, for purposes of this Section 9.01(a)(ii9.01(a)(iii), the Applicable Stock Price shall be equal to the Closing Sale Price on such day;

Appears in 1 contract

Samples: Indenture (Gene D. Yost & Son Inc.)

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