Common use of Payment Upon Conversion Clause in Contracts

Payment Upon Conversion. Upon any conversion of any Security, the Company will deliver to Holders in respect of each $1,000 principal amount of Securities being converted a “Settlement Amount” equal to the sum of the Daily Settlement Amounts for each of the 25 Trading Days during the Observation Period.

Appears in 4 contracts

Samples: Indenture (Newmont Mining Corp /De/), Indenture (Newmont Mining Corp /De/), Indenture (Newmont Mining Corp /De/)

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Payment Upon Conversion. Upon any conversion of any SecuritySecurities, the Company will deliver to converting Holders in respect of each $1,000 principal amount of Securities being converted a “Settlement Amount” equal to the sum of the Daily Settlement Amounts Amount for each of the 25 20 consecutive Trading Days during the Observation Cash Settlement Averaging Period.

Appears in 3 contracts

Samples: Indenture (Trinity Industries Inc), Indenture (Trinity Industries Inc), Indenture (Trinity Industries Inc)

Payment Upon Conversion. Upon any conversion of any Security, the Company will deliver to Holders in respect of each $1,000 principal amount of Securities being converted a "Settlement Amount" equal to the sum of the Daily Settlement Amounts for each of the 25 40 Trading Days during the Observation Period.

Appears in 2 contracts

Samples: Indenture (Chemed Corp), Indenture (Chemed Corp)

Payment Upon Conversion. Upon any conversion of any Security, the Company will deliver to Holders converting Holders, in respect of each $1,000 principal amount of Securities being converted converted, a “Settlement Amount” equal to the sum of the Daily Settlement Amounts Amount for each of the 25 Trading Days during the Observation PeriodPeriod for such Security.

Appears in 1 contract

Samples: Indenture (Pier 1 Imports Inc/De)

Payment Upon Conversion. Upon any conversion of any Security, the Company will deliver to Holders converting Holders, in respect of each $1,000 principal amount of Securities being converted converted, a “Settlement Amount” equal to the sum of the Daily Settlement Amounts for each of the 25 Trading Days during the Observation PeriodPeriod for such Security.

Appears in 1 contract

Samples: Indenture (Group 1 Automotive Inc)

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Payment Upon Conversion. Upon any conversion of any Security, the Company will shall deliver to Holders converting Holders, in respect of each $1,000 principal amount of Securities being converted converted, a “Settlement Amount” equal to the sum of the Daily Settlement Amounts for each of the 25 Trading Days during the Observation PeriodPeriod for such Security.

Appears in 1 contract

Samples: Indenture (Group 1 Automotive Inc)

Payment Upon Conversion. Upon any conversion of any Security, the Company will deliver to Holders converting Holders, in respect of each $1,000 principal amount of Securities being converted converted, a “Settlement Amount” equal to the sum of the Daily Settlement Amounts for each of the 25 30 Trading Days during the Observation PeriodPeriod for such Security.

Appears in 1 contract

Samples: Indenture (Kyphon Inc)

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