Conversion After Record Date Clause Samples
The "Conversion After Record Date" clause defines the rules and procedures for converting securities, such as convertible bonds or preferred shares, after a specified record date has passed. Typically, this clause outlines how holders who initiate conversion after the record date are treated regarding upcoming dividends, interest payments, or other entitlements that may have been declared but not yet paid. For example, it may specify whether the converting holder is still eligible to receive a declared dividend or if the right transfers to the new holder. The core function of this clause is to clarify the rights and obligations of parties involved in a conversion transaction occurring around key record dates, thereby preventing disputes and ensuring fair treatment of all parties.
Conversion After Record Date. If any Securities are surrendered for conversion subsequent to the record date preceding an Interest Payment Date but on or prior to such Interest Payment Date (except Securities called for redemption on a Redemption Date between such record date and Interest Payment Date), the Holder of such Securities at the close of business on such record date shall be entitled to receive the interest payable on such securities on such Interest Payment Date notwithstanding the conversion thereof. Securities surrendered for conversion during the period from the close of business on any record date next preceding any Interest Payment Date to the opening of business on such Interest Payment Date shall (except in the case of Securities which have been called for redemption on a Redemption Date within such period) be accompanied by payment in New York Clearing House funds or other funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the Securities being surrendered for conversion. Except as provided in this Section 12.09, no adjustments in respect of payments of interest on Securities surrendered for conversion or any dividends or distributions or interest on the Common Stock or other Marketable Securities issued upon conversion shall be made upon the conversion of any Securities.
Conversion After Record Date. Except as provided below, if any Debentures are surrendered for conversion on any day other than an Interest Payment Date, the Holder of such Debentures shall not be entitled to receive any Interest (including Contingent Interest) that has accrued on such Debentures since the prior Interest Payment Date. By delivery to the Holder of the number of shares of Common Stock or other consideration issuable upon conversion in accordance with this Article 12, any accrued and unpaid Interest (including Contingent Interest) on such Debentures will be deemed to have been paid in full. If any Debentures are surrendered for conversion subsequent to the Record Date preceding an Interest Payment Date but on or prior to such Interest Payment Date, the Holder of such Debentures at the close of business on such Record Date shall receive the Interest (including Contingent Interest) payable on such Debentures on such Interest Payment Date notwithstanding the conversion thereof. Debentures surrendered for conversion during the period from the close of business on any Record Date preceding any Interest Payment Date to the opening of business on such Interest Payment Date shall (except in the case of Debentures which have been called for redemption on a Redemption Date within such period) be accompanied by payment by Holders, for the account of the Company, in New York Clearing House funds or other funds of an amount equal to the Interest (including Contingent Interest) payable on such Interest Payment Date on the Debentures being surrendered for conversion. Except as provided in this Section 12.9, no adjustments in respect of payments of Interest (including Contingent Interest) on Debentures surrendered for conversion or any dividends or distributions or interest on the Common Stock issued upon conversion shall be made upon the conversion of any Debentures.
Conversion After Record Date. 87 Section 16.10. Company Determination Final ...........................................................87 Section 16.11. Trustee's Disclaimer ..................................................................87 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture, dated as of _________ __, 2002 Trust Indenture Act Section Indenture Section --------------------------- -----------------
Conversion After Record Date. 99 Section 16.10.
Conversion After Record Date. If any Securities are surrendered for conversion subsequent to the Regular Record Date preceding an Interest Payment Date but on or prior to such Interest Payment Date (except Securities called for redemption on a Redemption Date between such record date and Interest Payment Date), the Holder of such Securities at the close of business on such Regular Record Date shall be entitled to receive the interest payable on such Securities on such Interest Payment Date notwithstanding the conversion thereof. Securities surrendered for conversion during the period from the close of business on any Regular Record Date next preceding any Interest Payment Date to the opening of business on such Interest Payment Date shall (except in the case of Securities which have been called for redemption on a Redemption Date within such period) be accompanied by payment in New York Clearing House funds or other funds and in the currency acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the Securities being surrendered for conversion. Except as provided in this Section 1509 and Section 1502(c), no adjustments in respect of payments of interest on Securities surrendered for conversion or any dividends or distributions or interest on the Georgia-Pacific Group Stock or Timber Stock, as applicable, issued upon conversion shall be made upon the conversion of any Securities.
Conversion After Record Date. 82 Section 16.10. Company Determination Final............................................................... 83 Section 16.11. Trustee's Disclaimer...................................................................... 83 ARTICLE SEVENTEEN GUARANTEE
Conversion After Record Date. 88 Section 16.10. Company Determination Final . . . . . . . . . . . . . . 88 Section 16.11. Trustee's Disclaimer. . . . . . . . . . . . . . . . . . 88 Exhibit A -- Form of Redeemable or Nonredeemable Debt Security Exhibit B -- Form of Coupon Exhibit C -- Form of Certificate to be Given by Person Entitled to Receive Bearer Security or Interest Prior to an Exchange Date Exhibit D -- Form of Certificate to be Given by Euro-Clear and Cedel, S.A. Reconciliation and tie between Trust Indenture Act of 1939 and Indenture, dated as of _________ __, 199_ Trust Indenture Act Section Indenture Section --------------------------- -----------------
Conversion After Record Date. 76 Section 16.10. Company Determination Final......................................... 76 Section 16.11. Trustee's Disclaimer................................................ 76 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture, dated as of __, 1998 Trust Indenture Act Section Indenture Section (S) 310 (a)(1)................................. 6.09 (a)(2)................................. 6.09 (a)(3)................................. Not Applicable (a)(4)................................. Not Applicable (a)(5)................................. 6.09 (b).................................... 6.08, 6.10 (c).................................... Not Applicable (S) 311 (a).................................... 6.13(a) (b).................................... 6.13(b) (c).................................... Not Applicable (S) 312 (a).................................... 7.01, 7.02(a) (b).................................... 7.02(b) (c).................................... 7.02(c) (S) 313 (a).................................... 7.03(a) (b).................................... 7.03(b) (c).................................... 7.03(a), 7.03(c) (d).................................... 7.03(d) (S) 314 (a).................................... 7.04, .................................... 12.02 (b).................................... Not Applicable (c)(1)................................. 1.02 (c)(2)................................. 1.02 (c)(3)................................. Not Applicable (d).................................... Not Applicable (e).................................... 1.02 (S) 315 (a).................................... 6.01(a), 6.01(c) (b).................................... 6.02, 7.03(a)(7) (c).................................... 6.01(b) (d)(1)................................. 6.01(a) (d)(2)................................. 6.01(c)(2) (d)(3)................................. 6.01(c)(3) (e).................................... 5.14 (S) 316 (a)(1)(A).............................. 5.02, 5.12 (a)(1)(B).............................. 5.13 (a)(2)................................. Not Applicable (b).................................... 5.08 (c).................................... 9.06 ................................... (S) 317 (a)(1)................................ 5.03 (a)(2)................................ 5.04 (b)................................... 12.04 (S) 318 ................................... 1.06 -----