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 is an integral multiple of the authorized denomination thereof may be converted 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 of the Company, at the conversion price for Securities of such series, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall commence at the opening of business on the Initial Conversion Date and expire at the close of business on the Final Conversion Date. 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 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 of Securities of a series (herein called the "conversion price" for Securities of such series) shall be initially the Initial Conversion Price for Securities of such series per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (1), (2), (3), (4) and (7) of Section 15.05.

Appears in 2 contracts

Samples: Indenture (Associated Banc-Corp), Indenture (Associated Banc-Corp)

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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 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 Article, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which is an integral multiple of the authorized denomination thereof may be converted 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 of the CompanyStock, at the conversion price for Securities of such seriesprice, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall commence at the opening of business on the Initial Conversion Date and expire at the close of business on the Final Conversion Datedate 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 date prior to the 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 of Securities of a series (herein called the "conversion price" for Securities of such series") shall be initially the Initial Conversion Price for price specified in relation to Securities of such series per share of Common Stockpursuant to Section 301. The conversion price shall be adjusted in certain instances as provided in paragraphs (1), (2), (3), (4) and (7) of Section 15.051404.

Appears in 2 contracts

Samples: Capstone Capital Corp, Healthcare Realty Trust 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 specified as contemplated by Section 301 for Securities of any series) in accordance with this Article Fifteen. 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 is $1,000 or an integral multiple of the authorized denomination thereof $1,000) of any series that is convertible into Common Stock may be converted 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 of the CompanyStock, at the conversion price for Securities of such seriesConversion Price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall commence at the opening of business on the Initial Conversion Date and expire at the close of business on the Final Conversion Datedate 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 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 of Securities of a series (herein called the "conversion price" for Securities of such seriesConversion Price") shall be initially the Initial Conversion Price for price specified in relation to Securities of such series per share of Common Stockpursuant to Section 301. The conversion price Conversion Price shall be adjusted in certain instances as provided in paragraphs (1), (2), (3), (4) and (7) of Section 15.051504.

Appears in 2 contracts

Samples: Remington Oil & Gas Corp, Anadarko Petroleum Capital Trust Iii

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 February ___, 2007 (unless earlier redeemed or repurchased), any Note or any portion of the principal amount thereof which is $1,000 or an integral multiple of the authorized denomination thereof $1,000, may be converted 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 of the Company, at the conversion price for Securities of such seriesConversion Price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall commence at the opening of business on the Initial Conversion Date and expire at the close of business on the Final Conversion Date. 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 fifth Business Day prior to the Redemption Date, or the fifth Business Day preceding the Repurchase 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 of Securities of a series (herein called the "conversion price" for Securities of such seriesConversion Price") shall be initially the Initial Conversion Price for Securities of such series $______ per share of Common Stock. The conversion price Conversion Price shall be adjusted in certain instances as provided in paragraphs (1), (2), (3), (4) and (7) of Section 15.0512.4.

Appears in 1 contract

Samples: Signature Resorts 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 is an integral multiple of the authorized denomination thereof may be converted 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 of the Company, at the conversion price for Securities of such series, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall commence at the opening of business on the Initial Conversion Date and expire at the close of business on the Final Conversion Date. 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 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 of Securities of a series (herein called the "conversion price" for Securities of such series) shall be initially the Initial Conversion Price for Securities of such series per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (1), (2), (3), (4) and (7) of Section 15.051504.

Appears in 1 contract

Samples: Indenture (First Tennessee National Corp)

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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 at which is $1,000 or an integral multiple of the authorized denomination $1,000 at Stated Maturity thereof may be converted based on the Principal Amount at the principal amount Stated Maturity 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 of the Company, at the conversion price for Securities of such seriesprice, determined as hereinafter provided, in effect at the time of conversion. The ratio derived by dividing $1,000 by the then-applicable conversion price is referred to herein as the "conversion rate." Such conversion right shall commence at the opening of business on the Initial Conversion Date date of issuance of the Securities and expire at the close of business on the Final Conversion Datedate provided for in the Securities with respect to such Securities. 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 Business Day prior to the 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 of Securities of a series (is herein called referred to as the "conversion price" for Securities of such series) ". The initial conversion price shall be initially fixed in the Initial Conversion Price for Securities of such series per share of Common StockSecurity. The conversion price shall be adjusted in certain instances as provided in paragraphs (1), (2), (3), (4) and (7) of Section 15.051405.

Appears in 1 contract

Samples: Supplemental Indenture (Corning 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 is an integral multiple of the authorized denomination thereof may be converted 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 Shares of the Company, at the conversion price for Securities of such series, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall commence at the opening of business on the Initial Conversion Date and expire at the close of business on the Final Conversion Date. 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 Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock Shares shall be delivered upon conversion of Securities of a series (herein called the "conversion price" for Securities of such series) shall be initially the Initial Conversion Price for Securities of such series per share of Common StockShare. The conversion price shall be adjusted in certain instances as provided in paragraphs (1), (2), (3), (4) and (7) of Section 15.05.

Appears in 1 contract

Samples: Liquid Media Group Ltd.

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