Exchange Price definition

Exchange Price means as of any time, $1,000, divided by the Exchange Rate as of such time.

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Exchange Price shall have the meaning specified in the Indenture.

Exchange Price means as of any date, $1,000, divided by the Exchange Rate as of such date.

Examples of Exchange Price in a sentence

• The Exchange Price in effect at any time shall be subject to adjustment in the manner set forth herein.

• The Company shall calculate the new Exchange Price no later than five Business Days following each applicable Reset Date.

• Notwithstanding anything to the contrary in this Indenture or the Notes, for the purposes of the Mandatory Maturity Exchange only, the applicable Exchange Price shall be equal to 80% of the Market Price (as defined below).

• Whenever the Exchange Price is determined and/or subsequently adjusted as herein provided, the Company shall deliver to the Trustee (and the Exchange Agent if not the Trustee) an Officer’s Certificate setting forth the Exchange Price, as adjusted, and describing in reasonable detail the facts upon which such adjustment is based.

• Upon such determination, the new Exchange Price shall automatically become effective for all unexchanged Notes.

More Definitions of Exchange Price

Exchange Price means the price at which Shares are exchanged with holders of Debt Obligations.

Exchange Price means the arithmetic average of the volume weighted average prices for a share of the Common Stock on the principal United States securities exchange or automated or electronic quotation system on which the Common Stock trades, as reported by Bloomberg, L.P., or its successor, for each of the three consecutive full Trading Days ending on and including the last full Trading Day immediately prior to the Exchange Date, subject to appropriate and equitable adjustment for any stock splits, reverse splits, stock dividends or similar events affecting the Common Stock. If the Common Stock no longer trades on a securities exchange or automated or electronic quotation system, then a majority of the Independent Directors of the Corporation shall determine the Exchange Price in good faith.

Exchange Price shall have the meaning set forth in Section 5.5(a).

Exchange Price means the Closing Bid Price as of two (2) Trading Days prior to the Exchange Date.

Exchange Price has the meaning assigned to it in Section 2(a) hereof.

Exchange Price means $7.50, as may be adjusted from time to time in the manner set forth herein;

Exchange Price means $10.00, subject to adjustment as provided herein.