Common use of Payments Upon Conversion Clause in Contracts

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”).

Appears in 2 contracts

Samples: Indenture (Verisign Inc/Ca), Indenture (Microchip Technology Inc)

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”)” equal to the sum of the Daily Settlement Amounts for each of the 30 Trading Days during the applicable Observation Period for such Security.

Appears in 1 contract

Samples: Acceptance Corporation (World Acceptance Corp)

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”)” equal to the sum of the Daily Settlement Amounts for each of the 40 Trading Days during the applicable Observation Period for such Security.

Appears in 1 contract

Samples: Indenture (Trex Co Inc)

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”)” equal to the sum of the Daily Settlement Amounts for each of the 40 Trading Days during the Observation Period for such Security.

Appears in 1 contract

Samples: Macrovision Corp

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”)” equal to the sum of the Daily Settlement Amount for each of the 25 Trading Days during the Observation Period for such Security.

Appears in 1 contract

Samples: Indenture (JDS Uniphase Corp /Ca/)

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”)” equal to the sum of the Daily Settlement Amounts for each of the 20 Trading Days during the Observation Period for such Security.

Appears in 1 contract

Samples: Indenture (Xilinx Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!