Common use of Conversion Privilege and Conversion Price Clause in Contracts

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which equals $1,000 or any integral multiple thereof may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock, at the conversion price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on December 15, 2001. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or portion so called shall expire at the close of business on the second business day preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion price") shall be initially $25.95 per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 1304.

Appears in 1 contract

Samples: Fpa Medical Management Inc

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Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any definitive Security or any portion of the principal amount thereof which equals is U.S. $1,000 or any an integral multiple thereof of U.S. $1,000 may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into duly authorized, fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock, at the conversion priceConversion Price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall shall, with respect to all Securities, commence on the 60th day following the latest date of original issuance thereof and expire at the close of business on December 15October 1, 20012006. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or the portion so called called, shall expire at the close of business on the second business day fifth Business Day preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. In the case of a Designated Event for which the Holder exercises its Repurchase Right with respect to a Security or portion thereof, such conversion right in respect of the Security or portion thereof shall expire upon receipt of the written notice of exercise of such Repurchase Right. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion priceConversion Price") shall be initially U.S. $25.95 45.75 per share of Common Stock. The conversion price Conversion Price shall be adjusted in certain instances as provided in paragraphs (a1), (b2), (c3), (d4), (e5), (f6) and (i7) of Section 130412.4.

Appears in 1 contract

Samples: Indenture (Comverse Technology Inc/Ny/)

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which equals $1,000 or any integral multiple thereof may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock, at the conversion price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on December 151, 2001. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or portion so called shall expire at the close of business on the second business day preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion price") shall be initially $25.95 25.00 per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 1304.

Appears in 1 contract

Samples: Physicians Resource Group Inc

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which equals $1,000 or any integral multiple thereof may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock, at the conversion price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on December 15September 30, 20012003. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or portion so called shall expire at the close of business on the second business day preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion price") shall be initially $25.95 31.11 per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 1304.

Appears in 1 contract

Samples: Indenture (Speedway Motorsports Inc)

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which equals $1,000 or any integral multiple thereof may be converted at any time after the 60th day following the date of original issuance and prior to redemption or final maturity of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock, at the conversion price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on December 151, 20012004. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or portion so called shall expire at the close of business on the second business day next preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion price") shall be initially $25.95 28.2125 per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f), (g) and (i) of Section 1304.

Appears in 1 contract

Samples: Res Care Inc /Ky/

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which equals $1,000 or any integral multiple thereof may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock, at the conversion price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on December 15, 20012002. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or portion so called shall expire at the close of business on the second business day preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion price") shall be initially $25.95 27.25 per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 1304.

Appears in 1 contract

Samples: PHP Healthcare Corp

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this ArticleArticle Twelve, at the option of the Holder thereof, at any Security time after sixty (60) days following the latest date of original issuance of the Notes and prior to the close of business on the last Business Day prior to January 15, 2007 (unless earlier redeemed or repurchased), any Note or any portion of the principal amount thereof which equals is $1,000 or any an integral multiple thereof of $1,000, may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common StockStock of the Company, at the conversion priceConversion Price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on December 15, 2001. In case a Security Note or portion thereof is called for redemptionredemption or is delivered for repurchase, such conversion right in respect of the Security Note or portion so called shall expire at the close of business on the second business day fifth Business Day prior to the Redemption Date, or the fifth Business Day preceding the applicable Redemption DateRepurchase Date (as defined in Article Fourteen), as the case may be, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion priceConversion Price") shall be initially $25.95 45.625 per share of Common Stock. The conversion price Conversion Price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 130412.4.

Appears in 1 contract

Samples: Signature Resorts Inc

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this ArticleArticle 12, at any time prior to the close of business on the Stated Maturity, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which equals is $1,000 or any integral multiple thereof of $1,000, may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares Common Stock (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock, at the conversion priceConversion Price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on December 15the Redemption Date or Repurchase Date for such Security; subject, 2001in the case of conversion of a Global Security, to any applicable book-entry procedures of the Depository for such conversion. In case a Security or portion thereof is called for redemptionredemption at the election of the Company or is delivered for repurchase at the option of the Holder, such conversion right in respect of the Security or portion thereof so called shall expire at the close of business on the second business day preceding Redemption Date or the applicable Redemption Repurchase Date, unless the Company defaults in making the payment due upon redemptionredemption or the repurchase, as the case may be (subject as aforesaid to any applicable book-entry procedures). The price at which Securities may be converted into shares of Common Stock shall be delivered upon conversion at a price (herein called the "conversion priceConversion Price") shall be initially of $25.95 15.03 per share of Common Stockshare. The conversion price Conversion Price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 1304this Article 12.

Appears in 1 contract

Samples: Indenture (Ikon Office Solutions Inc)

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Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which equals $1,000 1,000,000 or any integral multiple thereof of $1,000,000 in excess thereof, may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock, at the conversion price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on December 15May 3, 20012014. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or portion so called shall expire at the close of business on the second business day preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion price") shall be initially $25.95 22.75 per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 1304.

Appears in 1 contract

Samples: Indenture (Hilb Rogal & Hamilton Co /Va/)

Conversion Privilege and Conversion Price. Subject to ------------------------------------------ and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Security Debenture or any portion of the principal amount thereof which equals is $1,000 or any an integral multiple thereof of $1,000 may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common StockStock of the Company, at the conversion price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on December 15, 20012005. In case a Security Debenture or portion thereof is called for redemption, such conversion right in respect of the Security Debenture or portion so called shall expire at the close of business on the second business day Business Day preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion priceConversion Price") shall be initially $25.95 $ per share of Common Stock. The conversion price Conversion Price shall be adjusted in certain instances as provided in paragraphs (a1), (b2), (c3), (d), (e), (f4) and (i) 8) of Section 130412.04.

Appears in 1 contract

Samples: Alpha Technologies Group Inc

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which equals $1,000 or any integral multiple thereof may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock, at the conversion price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on December April 15, 20012004. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or portion so called shall expire at the close of business on the second business day preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion price") shall be initially $25.95 25.50 per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 130413.04.

Appears in 1 contract

Samples: American Residential Services Inc

Conversion Privilege and Conversion Price. Securities of any series which are convertible into Common Stock shall be convertible in accordance with their terms and (except as otherwise 89 1501,1502 80 specified as contemplated by Section 301 for Securities of any series) in accordance with this Article. Subject to and upon compliance with the provisions of this ArticleArticle Fifteen, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which equals is $1,000 or any an integral multiple thereof of $1,000 may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, (or, with respect to Original Issue Discount Securities, at the amount determined pursuant to Section 301), or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 one-hundredth of a share) of Common Stock, at the conversion priceConversion Price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on December 15, 2001the date specified for Securities of such Series. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or portion so called shall expire at the close of business on the second business day preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion priceConversion Price") shall be initially $25.95 per share the price specified in relation to Securities of Common Stocksuch series pursuant to Section 301. The conversion price Conversion Price shall be adjusted in certain instances as provided in paragraphs (a1), (b2), (c3), (d), (e), (f4) and (i7) of Section 13041504. SECTION 1502.

Appears in 1 contract

Samples: Anadarko Petroleum Corp

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions provision of this Article, at the option of the Holder thereof, any Security Debenture or any portion of the principal amount thereof which equals is $1,000 or any integral multiple thereof of $1,000 may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable a cash payment equal to $6.70 times the number of shares of Common Stock of the Company (calculated as to each conversion to the nearest 1/100 of a share) into which such Debenture or any portion of Common Stockthe principal amount thereof is convertible into, at the conversion price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on December 15March 1, 20012012. In case a Security Debenture or portion thereof is called for redemption, such conversion right in respect of the Security Debenture or portion so called shall expire at the close of business on the second business day preceding prior to the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion price") shall be initially $25.95 40.00 per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a1), (b2), (c3), (d4), (e), (f7) and (i) 8) of Section 1304."

Appears in 1 contract

Samples: Maxtor Corp

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