SURRENDERED SECURITY definition

SURRENDERED SECURITY has the meaning set forth in Section 12.2(a).

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SURRENDERED SECURITY has the meaning set forth in Section 12.13(a).

Examples of SURRENDERED SECURITY in a sentence

• On the first date the Securities become convertible under the circumstances described in Section 12.1, the Company shall make an election (the "PRINCIPAL CONVERSION SETTLEMENT ELECTION") and notify the Holders in writing whether a Holder who surrenders a Security (each, a "SURRENDERED SECURITY") will be entitled to receive, in respect of the Principal Amount at Issuance of such Security upon surrender thereof, 100% Common Stock, 100% cash or a combination of cash and Common Stock.

• On the first date the Notes become convertible under the circumstances described in Section 12.1, the Company shall make an election (the "PRINCIPAL CONVERSION SETTLEMENT ELECTION") and notify the Holders in writing whether a Holder who surrenders a Note (each, a "SURRENDERED SECURITY") will be entitled to receive, in respect of the principal amount of such Note upon surrender thereof, 100% Common Stock, 100% cash or a combination of cash and Common Stock.