Exercisable Options definition
Exercisable Options. In respect of any Exercise Period (the “Relevant Exercise Period”), a number of Options equal to the lesser of:
Exercisable Options. In respect of each Exercise Period, a number of Options equal to the number of Convertible Notes surrendered to Counterparty for conversion with respect to such Exercise Period but no greater than the Number of Options.
Exercisable Options. In respect of each Exercise Period, a number of Options equal to the number of Convertible Notes surrendered to Counterparty for conversion with respect to such Exercise Period but no greater than the Number of Options. Expiration Time: The Valuation Time Expiration Date: December 15, 2020, subject to earlier exercise. Multiple Exercise: Applicable, as described under Exercisable Options above.
Examples of Exercisable Options in a sentence
Multiple Exercise: Applicable, as described under Exercisable Options above.
Exercisable Options may be exercised in whole or in part with respect to any portion thereof that is exercisable.
Upon receipt of any such Notice, Bank shall designate an Exchange Business Day as an Early Termination Date (such day to occur as close as practicable, in Bank’s commercially reasonable judgment, to the settlement date of the relevant Convertible Notes), with respect to the portion of this Transaction corresponding to number of such Exercisable Options so specified.
For any Exercisable Options relating to the conversion of the Convertible Notes, the settlement date for Shares to be delivered under such Convertible Notes under the terms of the Indenture.
For any Exercisable Option, the date Shares, cash or a combination thereof, will be delivered with respect to the Convertible Notes related to such Exercisable Options, under the terms of the Indenture.
More Definitions of Exercisable Options
Exercisable Options. In respect of each Conversion Date, a number of Options equal to the number of Relevant Convertible Notes in denominations of USD 1,000 principal amount surrendered for conversion on such Conversion Date in accordance with the terms of the Indenture, subject to “Notice of Exercise” below, but no greater than the Number of Options. Free Convertibility Date: June 1, 2019.
Exercisable Options. In respect of any Exercise Period (the “Relevant Exercise Period”), the lesser of (i) the number of Convertible Notes surrendered to Counterparty for conversion on the first day of the Relevant Exercise Period, and (ii) the Number of Options as of the first day of the Relevant Exercise Period; provided that if there are any other Exercisable Options as to which a prior Exercise Period has commenced but no Exercise Date has yet occurred which would thereby reduce the Number of Options as of the related Exercise Date (such other Exercisable Options, the “Other Exercisable Options”), then solely for the purposes of determining the number of Exercisable Options for the Relevant Exercise Period, the Number of Options on the first day of the Relevant Exercise Period shall be reduced by such Other Exercisable Options. Notwithstanding the foregoing, in no event shall the number of Exercisable Options exceed the Number of Options.
Exercisable Options. In respect of each Conversion Date, a number of Options equal to the number of Relevant Convertible Notes in denominations of USD 1,000 principal amount surrendered for conversion on such Conversion Date in accordance with the terms of the Indenture, subject to “Notice of Exercise” below, but no greater than the Number of Options. Free Convertibility Date: September 15, 2023 Exercise Period: The period from and including the Effective Date to and including the Expiration Date. Expiration Date: Notwithstanding anything to the contrary in section 3.1(f) of the Equity Definitions, “Expiration Date” shall mean the earlier of (x) the last day on which any Convertible Notes remain outstanding and (y) the second Scheduled Trading Day immediately preceding the “Maturity Date” (as defined in the Indenture).
Exercisable Options. In respect of each Exercise Period, a number of Options equal to 25% of the number of Convertible Notes in denominations of USD1,000 principal amount surrendered to Counterparty for conversion with respect to such Exercise Period but no greater than the Number of Options.
Exercisable Options. In respect of each Exercise Period, a number of Options equal to 20% of the number of Convertible Notes surrendered to Counterparty for conversion with respect to such Exercise Period but no greater than the Number of Options. Expiration Time: The Valuation Time Expiration Date: July 15, 2017, subject to earlier exercise. Multiple Exercise: Applicable, as described under Exercisable Options above. Automatic Exercise: Applicable, subject to the provisions of “Notice of Exercise,” and means that in respect of an Exercise Period, a number of Options not previously exercised hereunder equal to the number of Exercisable Options shall be deemed to be exercised on the final day of such Exercise Period for such Exercisable Options; provided that such Options shall be deemed exercised only to the extent that Counterparty has provided a Notice of Exercise to Citibank. Notice of Exercise: Notwithstanding anything to the contrary in the Equity Definitions, in order to exercise any Exercisable Options, Counterparty must notify Citibank in writing before 5:00 p.m. (New York City time) on or before the Scheduled Valid Day prior to the scheduled first day of the Settlement Averaging Period for the Exercisable Options being exercised (the “Notice Deadline”) of (i) the number of such Options, (ii) the scheduled first day of the Settlement Averaging Period and the scheduled Settlement Date and (iii) if Combination Settlement applies, the Cash Percentage (as defined in the Indenture); provided that, notwithstanding the foregoing, such notice (and the related exercise of Exercisable Options) shall be effective if given after the Notice Deadline but prior to 5:00 p.m. (New York City time) on the fifth Scheduled Valid Day after the Notice Deadline, in which event Counterparty shall reimburse Citibank for, or the Calculation Agent shall have the right to adjust the number of Net Shares as appropriate, to reflect the additional costs (including, but not limited to, hedging mismatches and market losses) and expenses incurred by Citibank in connection with its hedging activities (including the unwinding of any hedge position) as a result of Citibank not having received such notice prior to the Notice Deadline; and provided further that, in respect of Exercisable Options relating to Convertible Notes with a Conversion Date occurring on or after June 1, 2017, such notice may be given on or prior to the second Scheduled Valid Day immediately preceding the Expiration Date and need only ...
Exercisable Options. In respect of each Exercise Date a number of Options equal to the number of Convertible Notes properly surrendered to Counterparty for conversion in respect of the relevant Conversion Date.
Exercisable Options. In respect of each Exercise Period, a number of Options equal to 25% of the number of Convertible Notes surrendered to Counterparty for conversion with respect to such Exercise Period but no greater than the Number of Options. Expiration Time: The Valuation Time Expiration Date: July 15, 2017, subject to earlier exercise. Multiple Exercise: Applicable, as described under Exercisable Options above. Automatic Exercise: Applicable, subject to the provisions of “Notice of Exercise,” and means that in respect of an Exercise Period, a number of Options not previously exercised hereunder equal to the number of Exercisable Options shall be deemed to be exercised on the final day of such Exercise Period for such Exercisable Options; provided that such Options shall be deemed exercised only to the extent that Counterparty has provided a Notice of Exercise to Dealer.