Permitted Bond Hedge Transaction

Permitted Bond Hedge Transaction. Any call or capped call option (or substantively equivalent derivative transaction) relating to the Borrower's Class A common stock (or other securities or property following a merger event or other change of the Class A 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 Bond Hedge Transaction, less the proceeds received by the Borrower from the sale of any... related Permitted Warrant Transaction, does not exceed the net proceeds received by the Borrower from the sale of such Permitted Convertible Indebtedness issued in connection with the Permitted Bond Hedge Transaction. View More

Permitted Bond Hedge Transaction. Any call option or capped call option (or substantively equivalent derivative transaction) relating to or referencing the Borrower's common stock (or other securities or property following a merger event or other change of the common stock of the Borrower) purchased by the Borrower in connection with the issuance of any Permitted Convertible Indebtedness.