Common use of Conversion Privilege and Conversion Price Clause in Contracts

Conversion Privilege and Conversion Price. Subject to and on compliance with the provisions of this Article XIII, at the option of the Holder thereof, any Security of any series or any portion of the principal amount thereof which equals $1,000 or any integral multiple thereof may be converted at any time on or following the Convertibility Commencement Date for that Security 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 for that Security, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on the Stated Maturity of the final payment of principal of that Security. 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 on redemption. The price at which shares of Common Stock shall be delivered on conversion of any Security (herein called the "conversion price") shall be initially the Initial Conversion Price per share of Common Stock which is fixed for that Security by or pursuant to this Indenture. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 13.04.

Appears in 3 contracts

Sources: Indenture (American Residential Services Inc), Indenture (Innovative Valve Technologies Inc), Indenture (American Residential Services Inc)

Conversion Privilege and Conversion Price. Subject to and on compliance with the provisions of this Article XIII, at the option of the Holder thereof, any Security of any series or any portion of the principal amount thereof which equals $1,000 or any integral multiple thereof may be converted at any time during the convertibility period as described on or following the face of each Security (the "Convertibility Commencement Date Period") for that Security at the principal amount thereof, or of such portion thereof, 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 for that Security, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on the Stated Maturity last day of the final payment of principal of that SecurityConvertibility Period. 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 on redemption. The price at which shares of Common Stock shall be delivered on conversion of any Security (herein called the "conversion price") shall be initially the Initial Conversion Price per share of Common Stock which is fixed for that Security by or pursuant to this Indenture. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 13.04.

Appears in 1 contract

Sources: Indenture (Pentegra Dental Group Inc)

Conversion Privilege and Conversion Price. Subject to and on upon compliance with the provisions of this Article XIIIArticle, at the option of the Holder thereof, any Security of any series or any portion of the principal amount thereof which equals $1,000 or any integral multiple thereof may be converted at any time on or after the 60th day following the Convertibility Commencement Date for that Security 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 for that Securityprice, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on the Stated Maturity of the final payment of principal of that SecurityDecember 15, 2002. 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 on upon redemption. The price at which shares of Common Stock shall be delivered on upon conversion of any Security (herein called the "conversion price") shall be initially the Initial Conversion Price $27.25 per share of Common Stock which is fixed for that Security by or pursuant to this IndentureStock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 13.041304.

Appears in 1 contract

Sources: Indenture (PHP Healthcare Corp)

Conversion Privilege and Conversion Price. Subject to and on upon compliance with the provisions of this Article XIIIArticle, at the option of the Holder thereof, any Security of any series or any portion of the principal amount thereof which equals $1,000 or any integral multiple thereof may be converted at any time on or following the Convertibility Commencement Date for that Security 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 for that Securityprice, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on the Stated Maturity of the final payment of principal of that SecurityApril 15, 2004. 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 on upon redemption. The price at which shares of Common Stock shall be delivered on upon conversion of any Security (herein called the "conversion price") shall be initially the Initial Conversion Price $25.50 per share of Common Stock which is fixed for that Security by or pursuant to this IndentureStock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 13.04.

Appears in 1 contract

Sources: Indenture (American Residential Services Inc)