Conversion Settlement Amount definition

Conversion Settlement Amount means such amount as, in the opinion of the Calculation Agent (such opinion to be made by the Calculation Agent, in its sole and absolute discretion), is fair in the circumstances by way of compensation for the termination of the Notes.

Conversion Settlement Amount has the meaning specified in Section 10.13.

Conversion Settlement Amount shall have the meaning specified in Section 9.02(a)(3).

Examples of Conversion Settlement Amount in a sentence

• The Company’s delivery of the Conversion Settlement Amount with respect to any converted Note shall be deemed to satisfy in full its obligation to pay the principal amount of the Note and accrued and unpaid interest, if any, to, but not including, the relevant Conversion Date.

• If more than one Note shall be surrendered for conversion at one time by the same Holder, the Conversion Settlement Amount with respect to such Notes shall be computed on the basis of the aggregate principal amount of the Notes (or specified portions thereof to the extent permitted thereby) so surrendered.

• The Company’s delivery of the full Conversion Settlement Amount upon conversion shall be deemed to satisfy in full its obligation to pay the principal amount of the Security and accrued and unpaid interest, if any, to, but not including, the relevant Conversion Date.

• The Company covenants and agrees that it will cause to be paid the principal (including the Fundamental Change Purchase Price, if applicable) of, and accrued and unpaid interest and the Conversion Settlement Amount, if any, on, each of the Notes at the places, at the respective times and in the manner provided herein and in the Notes.

• If the Company does not notify such Holders prior to the deadline set forth in the immediately preceding sentence, the Company shall be deemed to have elected Physical Settlement in respect of such Early Conversion Settlement Amount.

More Definitions of Conversion Settlement Amount

Conversion Settlement Amount means the sum of the Daily Settlement Amounts for each of the 20 Trading Days during the Conversion Period.

Conversion Settlement Amount means the sum of the Daily Settlement Amounts for each of the 50 VWAP Trading Days in the relevant Conversion Reference Period.

Conversion Settlement Amount shall have the meaning as defined under Section 4.04.

Conversion Settlement Amount means an amount which the Determination Agent, acting in a commercially reasonable manner, determines is the fair value to the Securityholder of a Security with terms that would preserve the economic equivalent of any payment or delivery (assuming satisfaction of each applicable condition precedent) to which the Securityholder would have been entitled under the Security but for the occurrence of the Conversion, less the cost to the Issuer of, or the loss realised by the Issuer on, unwinding any related underlying hedging arrangements, the amount of such cost or loss being as determined by the Determination Agent in its sole and absolute discretion.

Conversion Settlement Amount means the sum of the Daily Settlement Amounts for each of the 20 consecutive VWAP Trading Days in the applicable Observation Period.

Conversion Settlement Amount consisting of cash and, if applicable, shares of Class A Common Stock which shall be equal to the sum of the Daily Settlement Amounts for each of the 25 Settlement Period Trading Days during the applicable Conversion Period. If we elect to satisfy our Conversion Obligation in cash and, if applicable, shares of our Class A common stock, the following definitions shall apply for purposes of calculating the Conversion Settlement Amount:

Conversion Settlement Amount equal to the sum of the Daily Settlement Amounts for each of the 20 Trading Days during the Conversion Settlement Averaging Period, provided that in no event shall the Company issue upon conversion of Debentures more than 19.7571 shares of Common Stock per $1,000 principal amount of Debentures, subject to adjustments in the same manner as and as of any date on which the Conversion Rate is adjusted.