Required Exercise on Conversion Dates. On each Conversion Date, a number of Note Hedging Units equal to (i) the product of (A) the Applicable Percentage and (B) the number of Convertible Notes in denominations of USD1,000 principal amount submitted for conversion in respect of such Conversion Date in accordance with the terms of the Indenture minus (ii) the number of Note Hedging Units that are or are deemed to be automatically exercised on such Conversion Date under the Base Note Hedge Transaction Confirmation dated December 12, 2013 between Dealer and Counterparty (the “Base Note Hedge Confirmation”), shall be exercised automatically, subject to “Notice of Exercise” below; provided that in no event will the number of Note Hedging Units exercised or deemed exercised hereunder exceed the Number of Note Hedging Units; provided further that if Counterparty has elected to designate a financial institution to deliver the consideration due upon any conversion of a Convertible Note in exchange for such Convertible Note (an “Exchange Election”) pursuant to Section 4.03(f) of the Indenture and such financial institution accepts such Convertible Note (an “Excluded Convertible Note”), then in no event shall a Conversion Date be deemed to occur hereunder (and no Note Hedging Unit shall be exercised or deemed to be exercised hereunder) with respect to such conversion, unless, subject to Counterparty’s obligation to deliver to Dealer a Notice of Exercise in accordance with “Notice of Exercise” below, such financial institution informs Counterparty that it will not honor such exchange and Counterparty shall be obligated, pursuant to the Indenture, to deliver the amounts due upon conversion. For the avoidance of doubt, except as set forth in the preceding sentence, Counterparty will not provide Dealer with a Notice of Exercise with respect to any Excluded Convertible Notes, and such Excluded Convertible Notes may subsequently trigger the exercise of Options hereunder if such Excluded Convertible Notes are resubmitted for conversion in accordance with the terms of the Indenture (and are not subject to a subsequent Exchange Election). For the avoidance of doubt, if the second preceding sentence would result in the exercise of a fraction of a Note Hedging Unit on any day, the number of Shares and/or amount of cash deliverable in respect of such portion of a Note Hedging Unit shall be equal to the product of such fraction and the Settlement Amount applicable to a full Note Hedging Unit exercised on such day. Expi...
Required Exercise on Conversion Dates. On each Conversion Date, a number of Options equal to the number of Relevant Convertible Securities for such Conversion Date in denominations of USD 1,000 principal amount shall be automatically exercised.
Required Exercise on Conversion Dates. On each Conversion Date, a number of Note Hedging Units equal to the number of Convertible Notes in denominations of USD1,000 principal amount submitted for conversion in respect of such Conversion Date in accordance with the terms of the Indenture shall become exercisable and be exercised automatically, subject to “Notice of Exercise” below. Expiration Date: October 1, 2014 Multiple Exercise: Applicable, as provided under “Required Exercise on Conversion Dates”. Automatic Exercise: As provided under “Required Exercise on Conversion Dates”.
Examples of Required Exercise on Conversion Dates in a sentence
Required Exercise on Conversion Dates: On each Conversion Date, a number of Units equal to the number of Convertible Notes in denominations of USD1,000 principal amount satisfying all of the requirements for conversion on such Conversion Date in accordance with the terms of the Indenture as described in the Offering Memorandum under “Description of Notes—Conversion Procedures” shall be automatically exercised, subject to “Notice of Exercise” below.
Required Exercise on Conversion Dates: On each Conversion Date, a number of Units equal to the number of Convertible Notes in denominations of USD1,000 principal amount submitted for conversion on such Conversion Date in accordance with the terms of the Indenture shall be automatically exercised, subject to “Notice of Exercise” below.
More Definitions of Required Exercise on Conversion Dates
Required Exercise on Conversion Dates. On each Conversion Date, a number of Options equal to the lesser of (i) the number of Relevant Convertible Securities for such Conversion Date in denominations of USD1,000 principal amount and (ii) the Number of Options on such date shall be automatically exercised.
Required Exercise on Conversion Dates. On each Conversion Date, a number of Options equal to the number of Relevant Convertible Securities for such Conversion Date in denominations of USD1,000 principal amount shall be automatically exercised. Expiration Date: The second “Scheduled Trading Day” immediately preceding the “Maturity Date” (each as defined in the Indenture).
Required Exercise on Conversion Dates. On each Conversion Date, a number of Options equal to the number of Convertible Securities in denominations of USD1,000 principal amount submitted for conversion on such Conversion Date in accordance with the terms of the Indenture shall be automatically exercised, subject to “Notice of Exercise” below. Expiration Date: July 15, 2012
Required Exercise on Conversion Dates. On each Conversion Date, a number of Options equal to the number of Relevant Convertible Securities for such Conversion Date in denominations of USD1,000 principal amount shall be automatically exercised. Excluded Convertible Securities: Convertible Securities surrendered for conversion on any date prior to December 12, 2014. Counterparty shall, within three Scheduled Trading Days of the “Conversion Date” relating to any Excluded Convertible Securities, provide written notice to Dealer specifying the number of Excluded Convertible Securities converted on such “Conversion Date”.
Required Exercise on Conversion Dates. With respect to any Designated Repurchase Units, not applicable. With respect to all other Units, on each Conversion Date, a number of Units (the “Exercisable Units”) equal to the number of Relevant Convertible Notes in denominations of USD1,000 principal amount submitted for conversion on such Conversion Date in accordance with the terms of the Indenture, other than Relevant Convertible Notes with a Conversion Date prior to the Free Convertibility Date (each, an “Early Conversion”), shall be automatically exercised, subject to “Notice of Exercise” below; provided that, if Counterparty has elected the exchange in lieu of conversion option with respect to any Relevant Convertible Notes pursuant to the Exchange in Lieu of Conversion Provision, the related number of Units shall not be exercised. For the avoidance of doubt, a Unit other than a Designated Repurchase Unit may be exercised hereunder only if such Unit is an Exercisable Unit.
Required Exercise on Conversion Dates. On each Conversion Date, a number of Options equal to the number of Convertible Notes in denominations of USD1,000 principal amount submitted for conversion on such Conversion Date in accordance with the terms of the Indenture shall be exercised automatically, subject to “Notice of Exercise” below. Expiration Date: The earlier of (x) the last day on which any Convertible Note remains outstanding and (y) the maturity date of the Convertible Notes.
Required Exercise on Conversion Dates. On each Conversion Date for Convertible Notes, a number of Options (the “Exercisable Options”) equal to the number of Relevant Convertible Notes for such Conversion Date shall be automatically exercised, subject to Notice of Exercise and Notice of Settlement Method below. Exercise Period: The period from and excluding the Trade Date to and including the Expiration Date. Expiration Date: The earlier of (x) the last day on which any Convertible Notes remain outstanding and (y) the maturity date of the Convertible Notes (the “Convertible Maturity Date”).