Payments Upon Conversion Sample Clauses

Payments Upon Conversion. (a) Upon any conversion of any Notes, on the third Business Day immediately following the Conversion Date, the Company shall deliver to the converting Holder a number of shares of Common Stock equal to (i) the aggregate principal amount of such Notes to be converted divided by $1,000, multiplied by (ii) the Conversion Rate in effect as of such Conversion Date, together with any cash payment for any fractional share of Common Stock as described in Section 10.03(c).
AutoNDA by SimpleDocs
Payments Upon Conversion. (a) Upon any conversion of any Security, the Company shall deliver to converting Holders, in respect of each $1,000 Principal Amount of Securities being converted, either solely cash, solely shares of Common Stock or a combination of cash and Common Stock (the “Settlement Amount”).
Payments Upon Conversion. (a) Upon any conversion of any Security, on the third Business Day immediately following the last Trading Day of the relevant Observation Period, the Company shall pay or deliver, as the case may be, 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 for each of the 60 Trading Days during the applicable Observation Period for such Security.
Payments Upon Conversion. (a) Upon any conversion of any Notes, on the second Business Day immediately following the Conversion Date, the Company shall deliver to the converting Holder a number of shares of Common Stock equal to (i) the aggregate principal amount of such Notes to be converted divided by $1,000, multiplied by (ii) the Conversion Rate in effect as of such Conversion Date, together with any cash payment for any fractional share of Common Stock as described in Section 10.03(c).
Payments Upon Conversion. 47 Section 6.04 Adjustment of Conversion Rate........................... 48 Section 6.05
Payments Upon Conversion. (a) Subject to clauses (c) and (d) and below, upon conversion, Holders shall not receive any separate cash payment for accrued and unpaid interest, including Additional Interest, if any, unless such conversion occurs between a Record Date and the Interest Payment Date to which it relates.
Payments Upon Conversion. (a) Upon any conversion of Securities prior to the close of business on the Trading Day immediately preceding the earlier of receipt of Shareholder Approval or April 15, 2014, the Company shall deliver to the converting Holder a number of shares equal to (i) the aggregate principal amount of Securities to be converted divided by $1,000, multiplied by (ii) 56.0871 (“Initial Maximum Conversion Rate”, as adjusted for Conversion Rate adjustments), and an amount of cash equal to (i) the aggregate principal amount of Securities to be converted divided by $1,000, multiplied by (ii) the difference between the applicable conversion rate and Initial Maximum Conversion Rate, multiplied by (iii) the Applicable Conversion Share Price.
AutoNDA by SimpleDocs
Payments Upon Conversion. (a) Upon any conversion of any Notes, the Company or its stock transfer agent shall deliver to the converting Holder a number of shares of Common Stock equal to (i) the aggregate principal amount of such Notes to be converted divided by $1,000, multiplied by (ii) the Conversion Rate in effect as of such Conversion Date, together with any cash payment for any fractional share of Common Stock as described in Section 10.03(c), on the third Business Day 50 immediately following the Conversion Date, unless such Conversion Date occurs on or following March 1, 2016, in which case the Company shall make such delivery on the Maturity Date. Except as provided in Section 10.04, the Company will not make any payment or other adjustment for dividends on any Common Stock issued upon conversion of any Notes.
Payments Upon Conversion. (a) Upon any conversion of any Security, the Company shall deliver to converting Holders, in respect of each $1,000 principal amount of Securities being converted, at the Company’s election (subject to the Company’s Physical Settlement Waiver), in full satisfaction of the Company’s conversion obligation, either (i) shares of Common Stock, together with cash in lieu of fractional shares, if any (a “Physical Settlement”), or (ii) a combination of cash and shares of Common Stock, together with cash in lieu of fractional shares, if any (a “Net-Share Settlement”), in each case, as set forth below. The Company shall give converting Holders irrevocable notice of the applicable Settlement Method no later than the Business Day following the Conversion Date, provided that (A) the Settlement Method applicable to conversions following a Redemption Notice shall be specified in such Redemption Notice and (B) the Settlement Method applicable to all conversions following April 15, 2029 shall be specified by separate notice to all Holders of Outstanding Securities on or prior to April 15, 2029. For any Conversion Dates on or after April 15, 2029, or on or after a Redemption Notice, the Settlement Method specified by the Company in the relevant notice shall apply to all conversions with Conversion Dates on or after April 15, 2029, or on or after a Redemption Notice, respectively. If the Company does not specify a Settlement Method, then the applicable Settlement Method shall be Physical Settlement. The Company may, in its discretion, elect to irrevocably waive its right to satisfy the Company’s conversion obligation by Physical Settlement (a “Physical Settlement Waiver”) by giving irrevocable notice to Holders, and such Physical Settlement Waiver shall apply to all conversions of Securities with a Conversion Date that is later than the date of such notice unless the Company has already specified the Settlement Method with respect to such Securities.
Payments Upon Conversion. (a) Upon any conversion of any Note, the Company shall deliver to converting Holders, in respect of each $1,000 principal amount of Notes being converted, a "SETTLEMENT AMOUNT" equal to the sum of the Daily Settlement Amount for each of the 40 Trading Days during the Observation Period for such Note.
Time is Money Join Law Insider Premium to draft better contracts faster.