Common use of EXCHANGE OF SECURITY FOR COMMON STOCK Clause in Contracts

EXCHANGE OF SECURITY FOR COMMON STOCK. The Securities shall be exchangeable into the consideration specified in the Indenture at such times, upon the terms set forth in the Indenture. The initial Exchange Rate shall be 166.5515 shares of Common Stock per $1,000 principal amount of Securities, subject to adjustment in certain circumstances as specified in the Indenture. Securities tendered for exchange by a Holder after the close of business on any Regular Record Date for an interest payment and on or prior to the corresponding Interest Payment Date must be accompanied by payment of an amount equal to the interest that such Holder is to receive on such Securities on such Interest Payment Date; provided, however, that no such payment of interest shall be required (1) if such Securities have been called for redemption on a Redemption Date that is after such Regular Record Date and on or prior to such Interest Payment Date, (2) in connection with a Change in Control and the Issuer has specified a Change in Control Purchase Date that is after such Regular Record Date and prior to such Interest Payment Date, (3) if the Regular Record Date is the last Regular Record Date prior to Maturity of the Securities or (4) with respect to overdue interest if any overdue interest exists at the time of exchange with respect to such notes. To exchange the Securities, a Holder must (a) complete and manually sign the Exchange Notice on the reverse of the Security (or complete and manually sign a facsimile of such notice) and deliver such notice to the Exchange Agent at the office maintained by the Exchange Agent for such purpose, (b) with respect to Securities that are in certificated form, surrender the Securities to the Exchange Agent, (c) furnish appropriate endorsements and transfer documents if required by the Exchange Agent and (d) pay any transfer or similar tax, if required. The date on which the Holder satisfies all such requirements shall be deemed to be the date on which the applicable Securities shall have been tendered for exchange. A holder of a beneficial interest in a Global Security must comply with the Applicable Procedures of the Depositary in connection with an exchange. If the Holder has delivered a Repurchase Notice requiring the Issuer to repurchase all or a portion of this Security pursuant to paragraph 3 hereof, then this Security (or portion hereof subject to such Repurchase Notice) may be exchanged only if the Repurchase Notice is withdrawn in accordance with the terms of the Indenture. If a Holder has delivered a Change in Control Purchase Notice requiring the Issuer to repurchase all or a portion of this Security pursuant to paragraph 3 hereof then this Security (or portion hereof subject to such Change in Control Purchase Notice) may not be exchanged.

Appears in 1 contract

Samples: Indenture (Northstar Realty Finance Corp.)

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EXCHANGE OF SECURITY FOR COMMON STOCK. The Securities shall be exchangeable into the consideration specified in the Indenture at such times, upon the terms set forth in the Indenture. The initial Exchange Rate shall be 166.5515 155.2120 shares of Common Stock per $1,000 principal amount of Securities, subject to adjustment in certain circumstances as specified in the Indenture. Securities tendered for exchange by a Holder after the close of business on any Regular Record Date for an interest payment and on or prior to the corresponding Interest Payment Date must be accompanied by payment of an amount equal to the interest that such Holder is to receive on such Securities on such Interest Payment Date; provided, however, that no such payment of interest shall be required (1) if such Securities have been called for redemption on a Redemption Date that is after such Regular Record Date and on or prior to such Interest Payment Date, (2) in connection with a Change in Control and the Issuer has specified a Change in Control Purchase Date that is after such Regular Record Date and prior to such Interest Payment Date, (3) if the Regular Record Date is the last Regular Record Date prior to Maturity of the Securities or (4) with respect to overdue interest if any overdue interest exists at the time of exchange with respect to such notes. To exchange the Securities, a Holder must (a) complete and manually sign the Exchange Notice on the reverse of the Security (or complete and manually sign a facsimile of such notice) and deliver such notice to the Exchange Agent at the office maintained by the Exchange Agent for such purpose, (b) with respect to Securities that are in certificated form, surrender the Securities to the Exchange Agent, (c) furnish appropriate endorsements and transfer documents if required by the Exchange Agent and (d) pay any transfer or similar tax, if required. The date on which the Holder satisfies all such requirements shall be deemed to be the date on which the applicable Securities shall have been tendered for exchange. A holder of a beneficial interest in a Global Security must comply with the Applicable Procedures of the Depositary in connection with an exchange. If the Holder has delivered a Repurchase Notice requiring the Issuer to repurchase all or a portion of this Security pursuant to paragraph 3 hereof, then this Security (or portion hereof subject to such Repurchase Notice) may be exchanged only if the Repurchase Notice is withdrawn in accordance with the terms of the Indenture. If a Holder has delivered a Change in Control Purchase Notice requiring the Issuer to repurchase all or a portion of this Security pursuant to paragraph 3 hereof then this Security (or portion hereof subject to such Change in Control Purchase Notice) may not be exchanged.

Appears in 1 contract

Samples: Indenture (Northstar Realty)

EXCHANGE OF SECURITY FOR COMMON STOCK. The Securities shall be exchangeable into the consideration specified in the Indenture at such times, upon compliance with such conditions and upon the terms set forth in the Indenture. The initial Exchange Rate shall be 166.5515 59.1935 shares of Common Stock per $1,000 principal amount of Securities, subject to adjustment in certain circumstances as specified in the Indenture. Securities tendered for exchange by a Holder after the close of business on any Regular Record Date for an interest payment and on or prior to the corresponding Interest Payment Date must be accompanied by payment of an amount equal to the interest that such Holder is to receive on such Securities on such Interest Payment Date; provided, however, that no such payment of interest shall be required (1) if such Securities have been called for redemption on a Redemption Date that is after such Regular Record Date and on or prior to such Interest Payment Date, (2) in connection with a Change in Control and the Issuer has specified a Change in Control Purchase Date that is after such Regular Record Date and prior to such Interest Payment Date, (3) if the Regular Record Date is the last Regular Record Date prior to Maturity of the Securities or (4) with respect to overdue interest if any overdue interest exists at the time of exchange with respect to such notes. To exchange the Securities, a Holder must (a) complete and manually sign the Exchange Notice on the reverse of the Security (or complete and manually sign a facsimile of such notice) and deliver such notice to the Exchange Agent at the office maintained by the Exchange Agent for such purpose, (b) with respect to Securities that are in certificated form, surrender the Securities to the Exchange Agent, (c) furnish appropriate endorsements and transfer documents if required by the Exchange Agent and (d) pay any transfer or similar tax, if required. The date on which the Holder satisfies all such requirements shall be deemed to be the date on which the applicable Securities shall have been tendered for exchange. [If this Security is a Global Security then include -- A holder of a beneficial interest in a Global Security must comply with the Applicable Procedures of the Depositary in connection with an exchange. .] If the Holder has delivered a Repurchase Notice requiring the Issuer to repurchase all or a portion of this Security pursuant to paragraph 3 hereof, then this Security (or portion hereof subject to such Repurchase Notice) may be exchanged only if the Repurchase Notice is withdrawn in accordance with the terms of the Indenture. If a Holder has delivered a Change in Control Purchase Notice notice requiring the Issuer to repurchase all or a portion of this Security pursuant to paragraph 3 hereof then this Security (or portion hereof subject to such Change in Control Purchase Noticenotice) may not be exchanged.

Appears in 1 contract

Samples: Indenture (Northstar Realty)

EXCHANGE OF SECURITY FOR COMMON STOCK. The Securities shall be exchangeable into the consideration specified in the Indenture at such times, upon compliance with such conditions and upon the terms set forth in the Indenture. The initial Exchange Rate shall be 166.5515 83.3333 shares of Common Stock per $1,000 principal amount of Securities, subject to adjustment in certain circumstances as specified in the Indenture. Securities tendered for exchange by a Holder after the close of business on any Regular Record Date for an interest payment and on or prior to the corresponding Interest Payment Date must be accompanied by payment of an amount equal to the interest that such Holder is to receive on such Securities on such Interest Payment Date; provided, however, that no such payment of interest shall be required (1) if such Securities have been called for redemption on a Redemption Date that is after such Regular Record Date and on or prior to such Interest Payment Date, (2) in connection with a Change in Control and the Issuer has specified a Change in Control Purchase Date that is after such Regular Record Date and prior to such Interest Payment Date, (3) if the Regular Record Date is the last Regular Record Date prior to Maturity of the Securities or (4) with respect to overdue interest if any overdue interest exists at the time of exchange with respect to such notes. To exchange the Securities, a Holder must (a) complete and manually sign the Exchange Notice on the reverse of the Security (or complete and manually sign a facsimile of such notice) and deliver such notice to the Exchange Agent at the office maintained by the Exchange Agent for such purpose, (b) with respect to Securities that are in certificated form, surrender the Securities to the Exchange Agent, (c) furnish appropriate endorsements and transfer documents if required by the Exchange Agent and (d) pay any transfer or similar tax, if required. The date on which the Holder satisfies all such requirements shall be deemed to be the date on which the applicable Securities shall have been tendered for exchange. A holder of a beneficial interest in a Global Security must comply with the Applicable Procedures of the Depositary in connection with an exchange. If the Holder has delivered a Repurchase Notice requiring the Issuer to repurchase all or a portion of this Security pursuant to paragraph 3 hereof, then this Security (or portion hereof subject to such Repurchase Notice) may be exchanged only if the Repurchase Notice is withdrawn in accordance with the terms of the Indenture. If a Holder has delivered a Change in Control Purchase Notice notice requiring the Issuer to repurchase all or a portion of this Security pursuant to paragraph 3 hereof then this Security (or portion hereof subject to such Change in Control Purchase Noticenotice) may not be exchanged.

Appears in 1 contract

Samples: Registration Rights Agreement (Northstar Realty)

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EXCHANGE OF SECURITY FOR COMMON STOCK. The Securities shall be exchangeable into the consideration specified in the Indenture at such times, upon the terms set forth in the Indenture. The initial Exchange Rate shall be 166.5515 102.7221 shares of Common Stock per $1,000 principal amount of Securities, subject to adjustment in certain circumstances as specified in the Indenture. Securities tendered for exchange by a Holder after the close of business on any Regular Record Date for an interest payment and on or prior to the corresponding Interest Payment Date must be accompanied by payment of an amount equal to the interest that such Holder is to receive on such Securities on such Interest Payment Date; provided, however, that no such payment of interest shall be required (1) if such Securities have been called for redemption on a Redemption Date that is after such Regular Record Date and on or prior to such Interest Payment Date, (2) in connection with a Change in Control and the Issuer has specified a Change in Control Purchase Date that is after such Regular Record Date and prior to such Interest Payment Date, (3) if the Regular Record Date is the last Regular Record Date prior to Maturity of the Securities or (4) with respect to overdue interest if any overdue interest exists at the time of exchange with respect to such notes. To exchange the Securitiesa Security that is in certificated form, a Holder must (a) complete and manually sign the Exchange Notice on the reverse of the Security (or complete and manually sign a facsimile of such notice) and deliver such notice to the Exchange Agent at the office maintained by the Exchange Agent for such purpose, (b) with respect to Securities that are in certificated form, surrender the Securities Security to the Exchange Agent, (c) furnish appropriate endorsements and transfer documents documents, if required by the Exchange Agent and (d) pay any transfer or similar tax, if required. The date on which the Holder satisfies all such requirements shall be deemed to be the date on which the applicable Securities shall have been tendered for exchange. A holder of To exchange a beneficial interest in a Global Security or a Security that is not held in global form, a Holder must comply with subclause (d) as set forth in the immediately preceding sentence and comply with the Applicable Procedures of the Depositary for exchanging a beneficial interest in connection with an exchangea Global Security or a Security that is not held in global form. If the Holder has delivered a Repurchase Notice requiring the Issuer to repurchase all or a portion of this Security pursuant to paragraph 3 hereof, then this Security (or portion hereof subject to such Repurchase Notice) may be exchanged only if the Repurchase Notice is withdrawn in accordance with the terms of the Indenture. If a Holder has delivered a Change in Control Purchase Notice requiring the Issuer to repurchase all or a portion of this Security pursuant to paragraph 3 hereof then this Security (or portion hereof subject to such Change in Control Purchase Notice) may not be exchanged.

Appears in 1 contract

Samples: Indenture (Northstar Realty Finance Corp.)

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