Common use of Expiration of Conversion Rights Clause in Contracts

Expiration of Conversion Rights. (a) On and after August 2, 2001, the Company may, at its option, cause the conversion rights of Holders of Debentures to expire; provided, -------- however, that the Company may exercise this option only if for 20 trading ------- days within any period of 30 consecutive trading days, including the last trading day of such period, the Current Market Price of Common Stock exceeds 120% of the Conversion Price of the Debentures, subject to adjustment as described in this Section 13.3.

Appears in 1 contract

Samples: United Rentals Inc /De

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Expiration of Conversion Rights. (a) On and after August December 2, 20011999, the Company may, at its option, cause the conversion rights of Holders of Debentures to expire; provided, -------- however, that the Company may exercise this option only if for 20 trading ------- days within any period of 30 consecutive trading days, including the last trading day of such period, the Current Market Price of Common Stock exceeds 120% of the Conversion Price of the Debentures, subject to adjustment as described in this Section 13.3Section.

Appears in 1 contract

Samples: Host Marriott Corp/Md

Expiration of Conversion Rights. (a) On and or after August 2March 18, 20012003, the Company may, at its option, cause the conversion rights of Holders of Debentures Securities to expire; provided, -------- however, that the . The Company may exercise this option only if the Current Market Price of the Common Stock of the Company exceeds 140% of the Conversion Price for at least 20 trading ------- days Trading Days within any period of 30 consecutive trading daysTrading Days, including the last trading day Trading Day of such period, period (herein called the Current Market Price of Common Stock exceeds 120% of the Conversion Price of the Debentures, subject to adjustment as described in this Section 13.3"Expiration Condition").

Appears in 1 contract

Samples: Level 3 Communications Inc

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Expiration of Conversion Rights. (a) On and or after August 2September 15, 20012002, the Company may, at its option, cause the conversion rights of Holders of Debentures Notes to expire; provided, -------- however, that the . The Company may exercise this option only if for at least 20 trading ------- days Trading Days within any period of 30 consecutive trading daysTrading Days, including the last trading day Trading Day of such period, the Current Market Price of the Common Stock exceeds 120of the Company exceeded 140% of the Conversion Price of (the Debentures, subject to adjustment as described in this Section 13.3"Expiration Condition").

Appears in 1 contract

Samples: Supplemental Indenture (Level 3 Communications Inc)

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