Examples of Monthly Redemption Period in a sentence
Unless otherwise indicated by the Holder in the applicable Notice of Conversion, any principal amount of this Debenture converted during the applicable Monthly Redemption Period until the date the Monthly Redemption Amount is paid in full shall be first applied to the principal amount subject to the Monthly Redemption Amount payable in cash and then to the Monthly Redemption Share Amount.
The aggregate number of Conversion Shares otherwise issuable to the Holder pursuant to a Monthly Redemption on a Monthly Redemption Date shall be reduced by the number of Pre-Redemption Conversion Shares issued to the Holder in connection with such Monthly Redemption (adjusted appropriately for any such shares applied to conversion during the Monthly Redemption Period).
If any Pre-Redemption Conversion Shares are issued to the Holder in connection with a Monthly Redemption and are not applied against either the Monthly Redemption Amount or against optional conversions during the Monthly Redemption Period, then the Holder shall promptly return such excess shares to the Company.
If a Holder of the PISTONS so redeems the PISTONS, such Holder will receive for each PISTONS a cash amount (the “Redemption Price”) equal to (1) the Net Investment Value of the PISTONS on the Trading Day following the fifth calendar day of that Monthly Redemption Period (the “Redemption Valuation Date”) minus (2) a Redemption Adjustment Amount of 0.15% of the Net Investment Value on that Redemption Valuation Date.
Unless otherwise indicated by the Holder in the applicable Notice of Conversion, any principal amount of this Note converted during the applicable Monthly Redemption Period until the date the Monthly Redemption Amount is paid in full shall be first applied to the principal amount subject to the Monthly Redemption Amount payable in cash and then to the Monthly Redemption Share Amount.
Any principal amount of this Debenture converted during the applicable Monthly Redemption Period in excess of the Monthly Redemption Amount shall be applied against the last principal amount of this Debenture scheduled to be redeemed hereunder, in reverse time order from the Maturity Date unless otherwise indicated by the Holder.
Unless otherwise indicated by the Holder in the applicable Notice of Conversion, any Principal Amount of this Note converted during the applicable Monthly Redemption Period until the date the Monthly Redemption Amount is paid in full shall be first applied to the Principal Amount subject to the Monthly Redemption Amount payable in cash and then to the Monthly Redemption Amount payable in Conversion Shares.
A Holder of the PISTONS may redeem the PISTONS at its option (the “Redemption Right”) in whole or in part, on any Trading Day during the first five calendar days of each month (each, a “Monthly Redemption Period”), beginning in October 2005 and ending in September 2010 (such day being the “Redemption Date”), provided that the Trustee receives a notice (an “Official Notice of Redemption”) from such Holder by 12:00 p.m. New York City time on the last Trading Day in such Monthly Redemption Period.
Any Stated Value of the Preferred Stock converted during the applicable Monthly Redemption Period in excess of the Monthly Redemption Amount shall be applied against the last amount scheduled to be repaid hereunder, in reverse time order from the Maturity Date.
Unless otherwise indicated by the Holder in the applicable Notice of Conversion, any principal amount of this Debenture converted during the applicable Monthly Redemption Period until the date the Monthly Redemption Amount is paid in full shall be first applied to the principal amount subject to the Monthly Redemption Amount payable in cash and then to the Monthly Redemption Amount payable in Conversion Shares.