Permitted Convertible Note Hedge definition

Permitted Convertible Note Hedge means one or more call options, capped call options, call spread options or similar option transactions purchased by the Borrower to hedge its exposure with respect to the issuance and delivery of its obligations upon conversion of Convertible Debt permitted by Section 6.01(i).
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Permitted Convertible Note Hedge one or more call options, capped call options, call spread options or similar option transactions purchased by the Borrower to hedge its exposure with respect to the issuance and delivery of its Capital Stock upon conversion of the 2007 Convertible Notes, 2010 Convertible Notes or convertible debt permitted under Section 7.2(b).
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Permitted Convertible Note Hedge means one or more call options, capped call options, call spread options or similar option transactions purchased by the Company to hedge its exposure with respect to the issuance and delivery of its obligations upon conversion of Convertible Debt not prohibited by the Bank Credit Agreement or any Replacement Facility.
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More Definitions of Permitted Convertible Note Hedge

Permitted Convertible Note Hedge means any call or capped call option (or substantively equivalent derivative transaction) relating to the Borrower’s common stock (or other securities or property following a merger event, reclassification or other change of the common stock of the Borrower) purchased by the Borrower in connection with the issuance of any Permitted Convertible Indebtedness; provided that the purchase price for such Permitted Convertible Note Hedge does not exceed the net proceeds received by the Borrower from the issuance of such Permitted Convertible Indebtedness.
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Permitted Convertible Note Hedge means one or more call options, capped call options, call spread options or similar option transactions purchased by the
Sample 1
Permitted Convertible Note Hedge means any net-settled call options or capped call options referencing the Capital Stock of the Company purchased by the Company (1) in connection with the issuance of convertible or exchangeable debt securities by the Company to hedge its obligations to deliver Capital Stock of the Company and/or pay cash under such Indebtedness or (2) to hedge the obligations of the Company to deliver Capital Stock of the Company and/or pay cash under any then outstanding convertible notes.
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Related to Permitted Convertible Note Hedge

  • Permitted Hedging Agreement of any Person means any Hedging Agreement entered into with one or more financial institutions in the ordinary course of business that is designed to protect such Person against fluctuations in interest rates or currency exchange rates with respect to Indebtedness Incurred and not for purposes of speculation and which, in the case of an interest rate agreement, shall have a notional amount no greater than the principal amount at maturity due with respect to the Indebtedness being hedged thereby.

  • Permitted Convertible Indebtedness means indebtedness of Borrower that is convertible into common stock of Borrower (or other securities or property following a merger event or other change of the common stock of Borrower) and/or cash (in an amount determined by reference to the price of such common stock).

  • Convertible Notes has the meaning set forth in the Recitals.

  • Subordinated Note Documents means the Subordinated Notes, the Subordinated Note Purchase Agreement, the “Fee Letter” under and as defined in the Subordinated Note Purchase Agreement and any other Note Document (as defined in the Subordinated Note Purchase Agreement).