Conversion of Debt Securities Sample Clauses

Conversion of Debt Securities. 56 SECTION 13.1. Applicability of Article.........................................................56 SECTION 13.2. Right of holders of Debt Securities to convert Debt Securities...................56 SECTION 13.3. Issuance of shares of Capital Stock on conversion................................57 SECTION 13.4. No payment or adjustment for interest or dividends...............................58 SECTION 13.5. Adjustment of conversion rate....................................................58 SECTION 13.6. No fractional shares to be issued................................................62
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Conversion of Debt Securities. The terms and conditions, if any, upon which any debt securities are convertible or into our common stock or preferred stock will be set forth in the applicable accompanying prospectus supplement. The terms will include: • whether the debt securities are convertible into our common stock or preferred stock; • the conversion price (or the manner of calculating the price); • the conversion period; • the events requiring an adjustment to the conversion price and provisions affecting conversion if the debt securities are redeemed; and • any restrictions on conversion. Subordination Upon any distribution to our creditors in a liquidation, dissolution or reorganization, the payment of the principal of and interest on any subordinated securities will be subordinated to the extent provided in the applicable indenture to the prior payment in full of all senior securities. No payment of principal or interest will be permitted to be made on subordinated securities at any time if any payment default or any other default which permits accelerations exists. After all senior securities are paid in full and until the subordinated securities are paid in full, holders of subordinated securities will be subrogated to the right of holders of senior securities to the extent that distributions otherwise payable to holders of subordinated securities have been applied to the payment of senior securities. By reason of any subordination, in the event of a distribution of assets upon our insolvency, some of our general creditors may recover more, ratably, than holders of subordinated securities. The accompanying prospectus supplement or the information incorporated herein by reference will contain the approximate amount of senior securities outstanding as of the end of our most recent fiscal quarter.
Sample 1
Conversion of Debt Securities. SECTION 15.01. Applicability of Article. 71 SECTION 15.02. Conversion Privilege. 71 SECTION 15.03. Exercise of Conversion Privilege. 71 SECTION 15.04. Fractional Interests. 73 SECTION 15.05. Conversion Price. 73 SECTION 15.06. Adjustment of Conversion Price. 73 SECTION 15.07. Continuation of Conversion Privilege in Case of Reclassification, Change, Merger, Consolidation or Sale of Assets. 76 SECTION 15.08. Notice of Certain Events. 77 SECTION 15.09. Disclaimer of Responsibility for Certain Matters. 77 SECTION 15.10. Return of Funds Deposited for Redemption of Converted Debt Securities. 77 ARTICLE XVI Subordination of Debt Securities SECTION 16.01. Applicability of Article. 78 SECTION 16.02. Agreement to Subordinate. 78 SECTION 16.03. Payments by an Issuer to Holders. 78 SECTION 16.04. Payments by Guarantors to Holders. 79 SECTION 16.05. “Cash, Property or Securities” 80 SECTION 16.06. Subrogation of Debt Securities. 81 SECTION 16.07. Authorization by Holders. 82 SECTION 16.08. Notice to Trustee. 82 SECTION 16.09. Trustee’s Relation to Senior Debt. 83 SECTION 16.10. No Impairment of Subordination. 83 x TESTIMONIUM 84 SIGNATURES AND SEALS 84 ACKNOWLEDGEMENTS 88 INDENTURE, amended and restated as of September 22, 2014, among UNILEVER CAPITAL CORPORATION, a corporation organized under the laws of the State of Delaware (herein called the “Company”), having its principal office at 000 Xxxxxx Xxxxxx, Xxxxxxxxx Xxxxxx, Xxx Xxxxxx 00000; UNILEVER N.V., a corporation organized under the laws of the Netherlands (herein sometimes called “Unilever N.V”), having its registered office at Weena 000, Xxxxxxxxx 0000 XX, xxx Xxxxxxxxxxx; UNILEVER PLC, a company organized under the laws of and registered in England (herein sometimes called “Unilever PLC”, Unilever PLC and Unilever NV, herein sometimes called the “Parents”), having its registered office at Xxxx Xxxxxxxx, Xxxxxx, Xxxxxxxxxx, XX00 0XX, Xxxxxxx; UNILEVER UNITED STATES INC., a corporation organized under the laws of the State of Delaware (herein sometimes called “Unilever U.S.”), having its principal office at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 (Unilever U.S. herein sometimes called individually a “Guarantor” and, with one or both of the Parents, as the case may be collectively, the “Guarantors”); and THE BANK OF NEW YORK MELLON, New York banking corporation, as Trustee (herein called the “Trustee”), having its Corporate Trust Office at 000 Xxxxxxx Xxxxxx, Floor 21 West. Xxx Xxxx, Xxx Xxxx 00000. RECITALS O...
Sample 1
Conversion of Debt Securities. SECTION 15.01. Applicability of Article 71 SECTION 15.02. Conversion Privilege 71 SECTION 15.03. Exercise of Conversion Privilege 71 SECTION 15.04. Fractional Interests 73 SECTION 15.05. Conversion Price 73 SECTION 15.06. Adjustment of Conversion Price 73 SECTION 15.07. Continuation of Conversion Privilege in Case of Reclassification, Change, Merger, Consolidation or Sale of Assets 75 SECTION 15.08. Notice of Certain Events 77 SECTION 15.09. Disclaimer of Responsibility for Certain Matters 77 SECTION 15.10. Return of Funds Deposited for Redemption of Converted Debt Securities 77 ARTICLE XVI Subordination of Debt Securities SECTION 16.01. Applicability of Article 78 SECTION 16.02. Agreement to Subordinate 78 SECTION 16.03. Payments by an Issuer to Holders 78 SECTION 16.04. Payments by Guarantors to Holders 79 SECTION 16.05. “Cash, Property or Securities” 80 SECTION 16.06. Subrogation of Debt Securities 81 SECTION 16.07. Authorization by Holders 82 SECTION 16.08. Notice to Trustee 82
Sample 1
Conversion of Debt Securities. Subject to and upon compliance with the provisions of this Section, the Debt Securities are convertible into Common Stock of the Company. In the event that holders of Capital Securities exercise the right to convert all or any portion of the Capital Securities for Debt Securities, the Conversion Agent shall convert such Debt Securities into shares of Common Stock in the manner described herein and subject to the following terms and conditions:
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Conversion of Debt Securities. Section 18.01 Applicability of Article 58 Section 18.02 Right to Convert 58 Section 18.03 Conversion Procedures; Conversion Settlement 58 Section 18.04 Cash Payments in Lieu of Fractional Shares 60 Section 18.05 Conversion Price 60 Section 18.06 Adjustment to Conversion Price 60 Section 18.07 Effect of Reclassification, Consolidation, Merger or Sale 63 Section 18.08 Taxes on Shares Issued 64 Page
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Conversion of Debt Securities. A debt security may entitle the holder to purchase, in exchange for the extinguishment of debt, an amount of securities at an exercise price that will be stated in the debt security. Debt securities may be converted at any time up to the close of business on the expiration date set forth in the terms of such debt security. After the close of business on the expiration date, debt securities not exercised will be paid in accordance with their terms. Debt securities may be converted as set forth in the applicable offering material. Upon receipt of a notice of conversion properly completed and duly executed at the corporate trust office of the indenture agent, if any, or to us, we will forward, as soon as practicable, the securities purchasable upon such exercise. If less than all of the debt security represented by such security is converted, a new debt security will be issued for the remaining debt security.
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Conversion of Debt Securities 
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Related to Conversion of Debt Securities

  • Redemption of Debt Securities Section 3.01 Applicability of Article 16 Section 3.02 Notice of Redemption; Selection of Debt Securities 16 Section 3.03 Payment of Debt Securities Called for Redemption 17 Section 3.04 Mandatory and Optional Sinking Funds 18 Section 3.05 Redemption of Debt Securities for Sinking Fund 18

  • Conversion of Debentures Section 16.01.

  • Execution of Debt Securities The Debt Securities shall be signed on behalf of the Partnership by the Chairman of the Board, the President or a Vice President of the General Partner and, if the seal of the General Partner is reproduced thereon, it shall be attested by its Secretary, an Assistant Secretary, a Treasurer or an Assistant Treasurer. Such signatures upon the Debt Securities may be the manual or facsimile signatures of the present or any future such authorized officers and may be imprinted or otherwise reproduced on the Debt Securities. The seal of the General Partner, if any, may be in the form of a facsimile thereof and may be impressed, affixed, imprinted or otherwise reproduced on the Debt Securities. Only such Debt Securities as shall bear thereon a certificate of authentication substantially in the form hereinbefore recited, signed manually by the Trustee, shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose. Such certificate by the Trustee upon any Debt Security executed by the General Partner on behalf of the Partnership shall be conclusive evidence that the Debt Security so authenticated has been duly authenticated and delivered hereunder. In case any officer of the General Partner who shall have signed any of the Debt Securities shall cease to be such officer before the Debt Securities so signed shall have been authenticated and delivered by the Trustee, or disposed of by the Partnership, such Debt Securities nevertheless may be authenticated and delivered or disposed of as though the Person who signed such Debt Securities had not ceased to be such officer of the General Partner; and any Debt Security may be signed on behalf of the General Partner by such Persons as, at the actual date of the execution of such Debt Security, shall be the proper officers of the General Partner, although at the date of such Debt Security or of the execution of this Indenture any such Person was not such officer.

  • Conversion of Debenture This Debenture shall be convertible into shares of the Company’s Common Stock, on the terms and conditions set forth in this Section 4.

  • CONVERSION OF DEBT A. Claimant and OnSource affirm and agree that as of the date of this Agreement, OnSource is indebted to Claimant in an amount equal to $54,000.00.

  • The Debt Securities Section 301. Amount Unlimited; Issuable in Series. The aggregate principal amount of Debt Securities which may be authenticated and delivered under this Indenture is unlimited. The Debt Securities may be issued in one or more series. Subject to the last paragraph of this Section, prior to the authentication and delivery of Debt Securities of any series there shall be established by specification in a supplemental indenture or in a Board Resolution, or in an Officer's Certificate pursuant to a supplemental indenture or a Board Resolution:

  • Conversion of Notes (a) Upon the conversion of a Note or part thereof, the Company shall, at its own cost and expense, take all necessary action, including obtaining and delivering an opinion of counsel to assure that the Company’s transfer agent shall issue stock certificates in the name of a Subscriber (or its permitted nominee) or such other persons as designated by Subscriber and in such denominations to be specified at conversion representing the number of shares of Common Stock issuable upon such conversion. The Company warrants that no instructions other than these instructions have been or will be given to the transfer agent of the Company’s Common Stock and that the certificates representing such shares shall contain no legend other than the legend set forth in Section 4(h). If and when a Subscriber sells the Conversion Shares, assuming (i) a registration statement including such Conversion Shares for registration has been filed with the Commission, is effective and the prospectus, as supplemented or amended, contained therein is current and (ii) Subscriber or its agent confirms in writing to the transfer agent that Subscriber has complied with the prospectus delivery requirements, the Company will reissue the Conversion Shares without restrictive legend and the Conversion Shares will be free-trading, and freely transferable. In the event that the Conversion Shares are sold in a manner that complies with an exemption from registration, the Company will promptly instruct its counsel to issue to the transfer agent an opinion permitting removal of the legend indefinitely if such sale is intended to be made in conformity with Rule 144(b)(1)(i) of the 1933 Act, or for 90 days if pursuant to the other provisions of Rule 144 of the 1933 Act, provided that Subscriber delivers reasonably requested representations in support of such opinion.

  • Conversion of Convertible Note Subject to Section 5 hereof, the Holder shall have the right, at its option, at any time from and after the date of this Convertible Note to convert into Common Stock of the Company. This Convertible Note shall be convertible into that number of fully paid and nonassessable shares of Common Stock (as such shares shall then be constituted) determined pursuant to this Section 4.1. The number of shares of Common Stock to be issued upon each conversion of this Convertible Note shall be determined by dividing the Conversion Amount (as defined below) by the Conversion Price in effect on the date (the "Conversion Date") a Notice of Conversion is delivered to the Company, as applicable, by the Holder by facsimile or other reasonable means of communication dispatched prior to 5:00 p.m., E.S.T. The term "Conversion Amount" means, with respect to any conversion of this Convertible Note, the sum of (1) the principal amount of this Convertible Note to be converted in such conversion plus (2) accrued and unpaid interest, if any, on such principal amount at the interest rates provided in this Convertible Note to the Conversion Date plus (3) Default Interest, if any, on the interest referred to in the immediately preceding clause (2) plus (4) at the Holder's option, any amounts owed to the Holder pursuant to Section 4.3 hereof, Section 10.1 of the Agreement or Section 10.4 of the Agreement.

  • REDEMPTION OF DEBENTURES Section 3.1. Redemption......................................................................... 16 Section 3.2. Special Event Redemption........................................................... 16 Section 3.3. Optional Redemption by the Company................................................. 17 Section 3.4.

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