Conversion Observation Period definition

Conversion Observation Period means, with respect to any Securities, the 20 consecutive Trading Day period beginning: (1) with respect to a Conversion Date occurring after the 22nd Scheduled Trading Day immediately preceding the Maturity Date, on such 22nd Scheduled Trading Day; (2) with respect to a Conversion Date occurring after the Company’s issuance of a notice of redemption and on or prior to the Business Day immediately preceding the corresponding Redemption Date, on the 22nd Scheduled Trading Day immediately preceding such Redemption Date; and (3) in all other cases, on the third Scheduled Trading Day following the related Conversion Date.
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Conversion Observation Period means (i) if the relevant Conversion Date occurs prior to December 1, 2023, the 50 consecutive Trading-Day period beginning on, and including, the second Trading Day immediately succeeding such Conversion Date; and (ii) if the relevant Conversion Date occurs on or after December 1, 2023, the 50 consecutive Trading-Day period beginning on, and including, the 52nd Scheduled Trading Day immediately preceding the Maturity Date.
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Conversion Observation Period means, with respect to any Securities, the 20 consecutive Trading Day period: (1) with respect to a Conversion Date occurring during the period beginning on the fourth Scheduled Trading Day preceding a Redemption Date and ending on the close of business on the Business Day prior to the Redemption Date, beginning on the Redemption Date, (2) with respect to a Conversion Date occurring during the period beginning on the fourth Scheduled Trading Day preceding the Maturity Date and ending on the close of business on the Business Day immediately preceding the Maturity Date, beginning on the Maturity Date and (3) in all other cases, beginning on the third Scheduled Trading Day following the related Conversion Date.
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Examples of Conversion Observation Period in a sentence

  • If any fractional share of stock would be issuable upon the conversion of any Security or Securities, the Company shall make an adjustment and payment therefor in cash to the Holder of Securities at a price equal to the Closing Sale Price on the last Trading Day of the Conversion Observation Period.

  • If any fractional share of stock would be issuable upon the conversion of any Security or Securities, the Company shall make an adjustment and payment therefor in cash to the Holder of Securities at a price equal to the Closing Sale Price on the final Trading Day of the Conversion Observation Period.

  • Settlement in cash and shares of Common Stock, if any, shall occur no later than the third Business Day following the final Trading Day of the Conversion Observation Period.

  • Settlement in cash and shares of Common Stock, if any, will occur no later than the fifth Trading Day following the final Trading Day of the Conversion Observation Period.

  • The Person in whose name the certificate or certificates for any shares of Common Stock delivered upon conversion is registered shall be treated as a stockholder of record as of the close of business on the last VWAP Trading Day of the related Conversion Observation Period.

  • If the Company does not specify a Cash Percentage by the close of business on the Business Day prior to the scheduled first Trading Day of the applicable Observation Conversion Period, the Company must settle 100% of the Daily Share Amount for each Trading Day in the applicable Conversion Observation Period with shares of Common Stock; provided that the Company shall pay cash in lieu of fractional shares otherwise issuable upon conversion of such Securities.

  • If any fractional share of stock would be issuable upon the conversion of any Security or Securities, the Company shall make an adjustment and payment therefor in cash to the Holder of Securities at a price equal to the Closing Sale Price on the last VWAP Trading Day of the Conversion Observation Period.

  • Settlement in cash and shares of Common Stock, if any, will occur no later than the fifth VWAP Trading Day following the final VWAP Trading Day of the Conversion Observation Period.

  • Settlement in cash and shares of Common Stock, if any, will occur on the third Trading Day following the final Trading Day of the Conversion Observation Period.

  • Upon any conversion of Securities, 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 for each of the 40 Trading Days during the Conversion Observation Period.


More Definitions of Conversion Observation Period

Conversion Observation Period means, with respect to any Securities, the 20 consecutive VWAP Trading Day period beginning: (1) with respect to a Conversion Date occurring after the 22nd Scheduled VWAP Trading Day immediately preceding the Maturity Date, beginning on such 22nd Scheduled VWAP Trading Day; and (2) in all other cases, on the third Scheduled VWAP Trading Day following the related Conversion Date.
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Conversion Observation Period with respect to any Security surrendered for conversion means: (i) subject to clause (ii), if the relevant Conversion Date occurs prior to December 15, 2025, the 40 consecutive Trading-Day period beginning on, and including, the second Trading Day immediately succeeding such Conversion Date; (ii) with respect to any Securities called for redemption (or deemed called for redemption pursuant to Section 10.01(a)(vi)), if the relevant Conversion Date occurs during a Redemption Period with respect to such Securities, the 40 consecutive Trading-Day period beginning on, and including, the 41st Scheduled Trading Day immediately preceding the relevant Redemption Date; and (iii), subject to clause (ii), if the relevant Conversion Date occurs on or after December 15, 2025, the 40 consecutive Trading-Day period beginning on, and including, the 41st Scheduled Trading Day immediately preceding the Maturity Date.
Sample 1
Conversion Observation Period means (i) subject to clause (iii), if the relevant Conversion Date occurs prior to February 15, 2033 and other than during the period from, and including, February 15, 2018 until the close of business on the Business Day immediately preceding August 20, 2018, the 20 consecutive Trading-Day period beginning on, and including, the third Trading Day immediately succeeding such Conversion Date; (ii) subject to clause (iii), if the relevant Conversion Date occurs during the period from, and including, February 15, 2018 until the close of business on the Business Day immediately preceding August 20, 2018, the 20 consecutive Trading-Day period beginning on, and including, the 22nd Scheduled Trading Day immediately preceding August 20, 2018; (iii) if the relevant Conversion Date occurs on or after the date of the Company’s issuance of a Redemption Notice with respect to the Securities pursuant to Section 3.02 and prior to the relevant Redemption Date, the 20 consecutive Trading-Day period beginning on, and including, the 22nd Scheduled Trading Day immediately preceding such Redemption Date; and (iv) subject to clause (iii), if the relevant Conversion Date occurs on or after February 15, 2033, the 20 consecutive Trading-Day period beginning on, and including, the 22nd Scheduled Trading Day immediately preceding the Maturity Date.
Sample 1

Related to Conversion Observation Period

  • SOFR Observation Period means, in respect of an Interest Accrual Period, the period from (and including) the date falling the number of SOFR Observation Shift Days prior to the first day of such Interest Accrual Period to (but excluding) the date falling the number of SOFR Observation Shift Days prior to the Interest Period Date for such Interest Accrual Period;

  • Observation Period with respect to any Note surrendered for conversion means (a) if the relevant Conversion Date occurs before the 24th Scheduled Trading Day immediately preceding the Maturity Date, the 20 consecutive Trading Day period beginning on, and including, the third Trading Day after such Conversion Date; and (b) if the relevant Conversion Date occurs on or after the 24th Scheduled Trading Day immediately preceding the Maturity Date, the 20 consecutive Trading Days beginning on, and including, the 22nd Scheduled Trading Day immediately preceding the Maturity Date.

  • Conversion Period means the period of time commencing on the eighth day after the Offer Date and terminating on the Expiry Date;

  • Initial Observation Date means the Initial Observation Date as specified in § 1 of the Product and Underlying Data. If the Initial Observation Date is not a Calculation Date, the immediately following day, which is a Calculation Date shall be the Initial Observation Date.

  • Scheduled Observation Date means any original date that, but for the occurrence of an event causing a Disrupted Day, would have been an Observation Date.

  • Observation Date means each of the following Observation Dates:

  • Final Observation Date means the Final Observation Date as specified in § 1 of the Product and Underlying Data. If the Final Observation Date is not a Calculation Date, the immediately following day, which is a Calculation Date shall be the Final Observation Date. The Final Payment Date will be postponed accordingly. Interest shall not be payable due to such postponement.

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).

  • Mandatory Conversion Notice has the meaning set forth in Section 4.7.C hereof.

  • Observation Shift Days means the number of London Banking Days specified in the relevant Final Terms; and

  • Observation Dates means each date specified as such in the applicable Issue Terms provided that, if such date is not a Scheduled Trading Day, the Observation Date shall be the immediately succeeding Scheduled Trading Day unless, in the opinion of the Calculation Agent, such day is a Disrupted Day. If such day is a Disrupted Day, then:

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Forced Conversion Notice has the meaning set forth in Section 4.05(c) hereof.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Conversion Obligation shall have the meaning specified in Section 14.01(a).

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).