{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "integral-multiple", "type": "definition", "offset": [47, 64]}, {"key": "principal-amount", "type": "clause", "offset": [75, 91]}, {"key": "by-the-holder", "type": "clause", "offset": [109, 122]}, {"key": "in-accordance-with", "type": "definition", "offset": [131, 149]}, {"key": "article-4", "type": "definition", "offset": [173, 182]}, {"key": "upon-conversion", "type": "clause", "offset": [184, 199]}, {"key": "if-applicable", "type": "clause", "offset": [262, 275]}, {"key": "prior-to-the", "type": "clause", "offset": [379, 391]}, {"key": "close-of-business", "type": "clause", "offset": [392, 409]}, {"key": "the-business", "type": "clause", "offset": [413, 425]}, {"key": "final-maturity-date", "type": "definition", "offset": [456, 475]}, {"key": "in-effect", "type": "definition", "offset": [499, 508]}, {"key": "at-the-time", "type": "clause", "offset": [509, 520]}, {"key": "any-business", "type": "definition", "offset": [587, 599]}, {"key": "at-any-time", "type": "clause", "offset": [637, 648]}, {"key": "day-of", "type": "clause", "offset": [729, 735]}, {"key": "preceding-fiscal-quarter", "type": "definition", "offset": [752, 776]}, {"key": "the-closing", "type": "definition", "offset": [778, 789]}, {"key": "days-in", "type": "definition", "offset": [840, 847]}, {"key": "period-of", "type": "definition", "offset": [852, 861]}, {"key": "last-trading-day", "type": "definition", "offset": [904, 920]}, {"key": "applicable-conversion-price", "type": "definition", "offset": [980, 1007]}, {"key": "business-day-period", "type": "clause", "offset": [1098, 1117]}, {"key": "trading-day-period", "type": "definition", "offset": [1145, 1163]}, {"key": "amount-of-securities", "type": "clause", "offset": [1212, 1232]}, {"key": "by-the-trustee", "type": "clause", "offset": [1248, 1262]}, {"key": "a-holder", "type": "definition", "offset": [1286, 1294]}, {"key": "the-procedures", "type": "definition", "offset": [1314, 1328]}, {"key": "the-product", "type": "clause", "offset": [1416, 1427]}, {"key": "stock-on", "type": "definition", "offset": [1463, 1471]}, {"key": "applicable-conversion-rate", "type": "definition", "offset": [1494, 1520]}, {"key": "holders-of-common-stock", "type": "clause", "offset": [1602, 1625]}, {"key": "having-a", "type": "definition", "offset": [1800, 1808]}, {"key": "conversion-price-per-share", "type": "definition", "offset": [1809, 1835]}, {"key": "declaration-date", "type": "definition", "offset": [1930, 1946]}, {"key": "debt-securities", "type": "clause", "offset": [2046, 2061]}, {"key": "rights-to-purchase", "type": "clause", "offset": [2065, 2083]}, {"key": "per-share-value", "type": "definition", "offset": [2135, 2150]}, {"key": "by-the-board-of-directors", "type": "clause", "offset": [2165, 2190]}, {"key": "closing-price-per-share-of-common-stock", "type": "definition", "offset": [2212, 2251]}, {"key": "a-fundamental-change", "type": "clause", "offset": [2344, 2364]}, {"key": "period-beginning", "type": "definition", "offset": [2403, 2419]}, {"key": "in-connection-with", "type": "clause", "offset": [2544, 2562]}, {"key": "the-company-shall", "type": "clause", "offset": [2594, 2611]}, {"key": "beginning-of", "type": "clause", "offset": [2629, 2641]}, {"key": "pursuant-to-such", "type": "clause", "offset": [2747, 2763]}, {"key": "notify-the", "type": "clause", "offset": [2785, 2795]}, {"key": "in-addition", "type": "clause", "offset": [2805, 2816]}, {"key": "trustee-shall", "type": "definition", "offset": [2872, 2885]}, {"key": "determine-the", "type": "clause", "offset": [2908, 2921]}, {"key": "trading-price-of-the-securities", "type": "definition", "offset": [2922, 2953]}, {"key": "the-company-has", "type": "definition", "offset": [3032, 3047]}, {"key": "such-determination", "type": "definition", "offset": [3058, 3076]}, {"key": "and-the-company", "type": "clause", "offset": [3077, 3092]}, {"key": "reasonable-evidence", "type": "definition", "offset": [3199, 3218]}, {"key": "beginning-on-the", "type": "clause", "offset": [3548, 3564]}, {"key": "next-trading-day", "type": "clause", "offset": [3565, 3581]}, {"key": "in-the-case", "type": "clause", "offset": [3854, 3865]}, {"key": "a-distribution", "type": "clause", "offset": [3869, 3883]}, {"key": "days-prior", "type": "definition", "offset": [3999, 4009]}, {"key": "the-ex", "type": "clause", "offset": [4013, 4019]}, {"key": "dividend-date", "type": "definition", "offset": [4020, 4033]}, {"key": "distribution-notice", "type": "definition", "offset": [4078, 4097]}, {"key": "once-the-company", "type": "definition", "offset": [4101, 4117]}, {"key": "the-distribution", "type": "clause", "offset": [4128, 4144]}, {"key": "in-the-event-of-a", "type": "clause", "offset": [4386, 4403]}, {"key": "the-holders", "type": "clause", "offset": [4513, 4524]}, {"key": "participate-in", "type": "definition", "offset": [4540, 4554]}, {"key": "converted-basis", "type": "definition", "offset": [4582, 4597]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [4676, 4708]}, {"key": "equal-to", "type": "definition", "offset": [4709, 4717]}, {"key": "first-date", "type": "definition", "offset": [4786, 4796]}, {"key": "sale-of-the-common-stock", "type": "clause", "offset": [4810, 4834]}, {"key": "right-to-receive", "type": "clause", "offset": [4871, 4887]}, {"key": "relevant-distribution", "type": "definition", "offset": [4892, 4913]}, {"key": "the-seller", "type": "clause", "offset": [4919, 4929]}, {"key": "the-company-will-provide", "type": "clause", "offset": [4964, 4988]}, {"key": "notice-to-the", "type": "clause", "offset": [4997, 5010]}, {"key": "conversion-agent", "type": "definition", "offset": [5011, 5027]}, {"key": "pursuant-to-clauses", "type": "clause", "offset": [5175, 5194]}, {"key": "notice-thereof", "type": "clause", "offset": [5293, 5307]}, {"key": "fundamental-change-conversion-notice", "type": "definition", "offset": [5312, 5348]}, {"key": "holders-of-securities", "type": "definition", "offset": [5358, 5379]}, {"key": "fundamental-change-effective-date", "type": "definition", "offset": [5457, 5490]}, {"key": "fundamental-change-purchase-date", "type": "definition", "offset": [5685, 5717]}, {"key": "conversion-rights", "type": "clause", "offset": [5727, 5744]}, {"key": "date-of", "type": "clause", "offset": [5800, 5807]}, {"key": "time-periods", "type": "definition", "offset": [5967, 5979]}, {"key": "with-respect-to", "type": "clause", "offset": [5990, 6005]}, {"key": "global-security", "type": "clause", "offset": [6119, 6134]}, {"key": "applicable-procedures", "type": "definition", "offset": [6143, 6164]}, {"key": "in-respect-of", "type": "clause", "offset": [6181, 6194]}, {"key": "fundamental-change-purchase-notice", "type": "clause", "offset": [6203, 6237]}, {"key": "prior-to-a", "type": "clause", "offset": [6322, 6332]}, {"key": "withdrawal-of", "type": "clause", "offset": [6339, 6352]}, {"key": "fundamental-change-notice", "type": "clause", "offset": [6358, 6383]}, {"key": "article-3", "type": "definition", "offset": [6422, 6431]}, {"key": "a-portion", "type": "definition", "offset": [6540, 6549]}, {"key": "in-clauses", "type": "clause", "offset": [6784, 6794]}, {"key": "definition-of-the-term", "type": "clause", "offset": [6818, 6840]}, {"key": "change-of-control", "type": "definition", "offset": [6842, 6859]}, {"key": "to-convert", "type": "clause", "offset": [6881, 6891]}, {"key": "whole-premium", "type": "clause", "offset": [6976, 6989]}, {"key": "additional-shares-of-common-stock", "type": "definition", "offset": [7097, 7130]}, {"key": "conversion-of-securities", "type": "clause", "offset": [7196, 7220]}, {"key": "notice-of-conversion", "type": "clause", "offset": [7309, 7329]}, {"key": "received-by", "type": "definition", "offset": [7333, 7344]}, {"key": "reference-to", "type": "definition", "offset": [7658, 7670]}, {"key": "based-on", "type": "clause", "offset": [7700, 7708]}, {"key": "the-price", "type": "clause", "offset": [7776, 7785]}, {"key": "fundamental-change-transaction", "type": "clause", "offset": [7933, 7963]}, {"key": "the-stock", "type": "clause", "offset": [7965, 7974]}, {"key": "amount-paid", "type": "clause", "offset": [7999, 8010]}, {"key": "closing-prices", "type": "definition", "offset": [8093, 8107]}, {"key": "but-excluding", "type": "clause", "offset": [8182, 8195]}, {"key": "share-amounts", "type": "clause", "offset": [8281, 8294]}, {"key": "effective-dates", "type": "clause", "offset": [9838, 9853]}, {"key": "subject-to", "type": "definition", "offset": [10234, 10244]}, {"key": "adjustment-to-the-conversion-rate", "type": "clause", "offset": [10280, 10313]}, {"key": "rate-of", "type": "clause", "offset": [10669, 10676]}, {"key": "pursuant-to-section", "type": "definition", "offset": [10704, 10723]}, {"key": "the-adjustment", "type": "clause", "offset": [10932, 10946]}, {"key": "stock-price-adjustment", "type": "clause", "offset": [10966, 10988]}, {"key": "in-the-same-manner", "type": "definition", "offset": [11142, 11160]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [11221, 11250]}, {"key": "in-no-event-shall", "type": "clause", "offset": [11252, 11269]}], "size": 35, "snippet": "(a) Any Security or portion thereof that is an integral multiple of $1,000 principal amount may be converted by the Holder thereof in accordance with the provisions of this Article 4. Upon conversion, Holders shall be entitled to receive the amount of cash and, if applicable, shares of Common Stock determined in the manner provided in Section 4.12. Securities may be converted prior to the close of business on the Business Day immediately preceding the Final Maturity Date at the Conversion Rate in effect at the time of such conversion only under the following circumstances:\n(1) on any Business Day in any fiscal quarter commencing at any time after October 31, 2007, and only during such fiscal quarter, if, as of the last day of the immediately preceding fiscal quarter, the Closing Price of the Common Stock for at least 20 Trading Days in the period of 30 consecutive Trading Days ending on the last Trading Day of such preceding fiscal quarter was more than 130% of the applicable Conversion Price on the last day of such preceding fiscal quarter;\n(2) on any Business Day during the five Business Day period after any five consecutive Trading Day period in which the Trading Price per $1,000 principal amount of Securities, as determined by the Trustee following a request by a Holder in accordance with the procedures described in Section 4.01(b), for each Trading Day of that period was less than 95% of the product of the Closing Price of the Common Stock on such day and the then applicable Conversion Rate per $1,000 principal amount of Securities.\n(3) if the Company distributes to all holders of Common Stock any rights entitling them to purchase, for a period expiring within 45 days of such distribution, Common Stock, or securities convertible into Common Stock, at less than, or having a conversion price per share less than, the Closing Price of the Common Stock on the Trading Day immediately preceding the declaration date for such distribution;\n(4) if the Company distributes to all holders of Common Stock assets, cash, debt securities or rights to purchase the Company\u2019s securities, which distribution has a per share value as determined by the Board of Directors exceeding 15% of the Closing Price per share of Common Stock on the Trading Day immediately preceding the declaration date for such distribution;\n(5) if a Fundamental Change occurs; or\n(6) at any time during the period beginning on June 15, 2016 and ending at the close of business on the Business Day immediately preceding the Final Maturity Date.\n(b) In connection with clause (1) of Section 4.01(a), the Company shall determine at the beginning of each fiscal quarter commencing at any time after October 31, 2007 whether the Securities are convertible pursuant to such clause (1) and shall notify the Trustee. In addition, in connection with clause (2) of Section 4.01(a), the Trustee shall have no obligation to determine the Trading Price of the Securities and whether the Securities are convertible pursuant to such clause (2) unless the Company has requested such determination and the Company shall have no obligation to make such request unless a Holder of the Securities provides the Company with reasonable evidence that the Trading Price per $1,000 principal amount of Securities would be less than 95% of the product of the Closing Price of the Common Stock and the then applicable Conversion Rate per $1,000 principal amount of Securities. At such time, the Company shall instruct the Trustee to determine the Trading Price of the Securities beginning on the next Trading Day and on each successive Trading Day until the Trading Price per $1,000 principal amount of the Securities is greater than 95% of the product of the Closing Price of the Common Stock and the then applicable Conversion Rate per $1,000 principal amount of the Securities.\n(c) In the case of a distribution contemplated by clause (3) or (4) of Section 4.01(a), the Company shall notify Holders and the Trustee at least 35 days prior to the ex-dividend date (defined below) for such distribution (the \u201cDistribution Notice\u201d). Once the Company has given the Distribution Notice, Holders may surrender their Securities for conversion at any time until the earlier of the close of business on the Business Day prior to the ex-dividend date or the Company\u2019s announcement that such distribution will not take place. In the event of a distribution contemplated by clause (3) or (4) of Section 4.01(a), Holders may not convert the Securities if the Holders will otherwise participate in such distribution on an as converted basis (assuming for this purpose that the Securities were convertible solely into a number of shares of Common Stock equal to the then applicable Conversion Rate). The \u201cex-dividend date\u201d is the first date upon which a sale of the Common Stock does not automatically transfer the right to receive the relevant distribution from the seller of the Common Stock to its buyer. The Company will provide written notice to the Conversion Agent as soon as reasonably practicable of any anticipated or actual event or transaction that will cause or causes the Securities to become convertible pursuant to clauses (3) or (4) of Section 4.01(a).\n(d) In the case of a Fundamental Change, the Company shall provide notice thereof (a \u201cFundamental Change Conversion Notice\u201d) to the Holders of Securities and the Trustee at least 15 days prior to date that is anticipated to be the Fundamental Change Effective Date. Holders may surrender Securities for conversion at any time beginning 15 days before the date that is anticipated to be the Fundamental Change Effective Date until the Trading Day prior to the Fundamental Change Purchase Date.\n(e) The conversion rights pursuant to this Article 4 shall commence on the Issue Date of the Securities and expire at the close of business on the Business Day immediately preceding the Final Maturity Date, but shall be exercisable only during the time periods specified with respect to each circumstance pursuant to which the Securities become convertible, subject, in the case of conversion of any Global Security, to any Applicable Procedures.\n(f) Securities in respect of which a Fundamental Change Purchase Notice has been delivered may not be surrendered for conversion pursuant to this Article 4 prior to a valid withdrawal of such Fundamental Change Notice, in accordance with the provisions of Article 3.\n(g) Provisions of this Indenture that apply to conversion of all of a Security also apply to conversion of a portion of a Security.\n(h) The Conversion Rate shall be adjusted in certain instances as provided in Section 4.01(i) and Section 4.06.\n(i) If a Fundamental Change occurs prior to the Final Maturity Date as a result of a transaction described in clauses (1), (2) or (4) of the definition of the term \u201cChange of Control\u201d and a Holder elects to convert its Securities \u201cin connection with\u201d such transaction, the Company shall pay a \u201cMake Whole Premium\u201d by increasing the applicable Conversion Rate for the Securities surrendered for conversion by a number of additional shares of Common Stock as provided in this Section 4.01(i) (the \u201cAdditional Shares\u201d). A conversion of Securities shall be deemed for these purposes to be \u201cin connection with\u201d such a transaction if the notice of conversion is received by the Conversion Agent from and including the Fundamental Change Effective Date and prior to the close of business on the Business Day prior to the Fundamental Change Purchase Date. The number of Additional Shares per $1,000 principal amount of Securities constituting the Make Whole Premium shall be determined by reference to the table below and shall be based on the date on which the Fundamental Change Effective Date occurs and the price (the \u201cStock Price\u201d) paid, or deemed to be paid, per share of Common Stock in such transaction. If holders of Common Stock receive only cash in the Fundamental Change transaction, the Stock Price shall be the cash amount paid per share of Common Stock. Otherwise, the Stock Price shall be the average of the Closing Prices of the Common Stock for each of the ten consecutive Trading Days prior to but excluding the Fundamental Change Effective Date. The following table sets forth the Additional Share amounts, if any, by which the applicable Conversion Rate shall be increased for each Stock Price and Fundamental Change Effective Date. $ 8.34 29.4104 29.4104 29.4104 29.4104 29.4104 29.4104 29.4104 29.4104 29.4104 29.4104 $10.00 21.8766 21.2897 20.6449 19.8041 18.8469 17.7580 16.4333 14.7856 12.5094 9.5064 $12.50 15.5826 14.8177 13.9660 12.9350 11.7602 10.3984 8.7622 6.7336 3.9962 0.0000 $15.00 12.0868 11.3311 10.4818 9.4946 8.3802 7.1105 5.6342 3.9167 1.9054 0.0000 $17.50 9.9104 9.2110 8.4281 7.5334 6.5477 5.4371 4.1977 2.8207 1.3825 0.0000 $20.00 8.4308 7.7856 7.0887 6.2911 5.4288 4.4651 3.4377 2.3249 1.1744 0.0000 $25.00 6.5854 6.0598 5.4850 4.8526 4.1729 3.4359 2.6467 1.8100 0.9347 0.0000 $30.00 5.4437 4.9992 4.5222 3.9964 3.4373 2.8328 2.1884 1.5032 0.7793 0.0000 $35.00 4.6491 4.2678 3.8594 3.4101 2.9349 2.4213 1.8724 1.2880 0.6680 0.0000 $40.00 4.0637 3.7293 3.3731 2.9793 2.5658 2.1168 1.6380 1.1265 0.5845 0.0000 $45.00 3.6121 3.3143 2.9986 2.6475 2.2810 1.8811 1.4556 1.0009 0.5193 0.0000 $50.00 3.2543 2.9856 2.7000 2.3837 2.0519 1.6928 1.3104 0.9007 0.4675 0.0000 $75.00 2.1801 2.0000 1.8081 1.5949 1.3715 1.1273 0.8705 0.5970 0.3082 0.0000 $ 100.00 1.6449 1.5061 1.3618 1.1995 1.0310 0.8469 0.6498 0.4427 0.2238 0.0000 If the actual Stock Price or Fundamental Change Effective Date is not set forth in the table above, then:\n(i) if the actual Stock Price on the Fundamental Change Effective Date is between two Stock Price amounts in the table or the actual Fundamental Change Effective Date is between two Fundamental Change Effective Dates in the table, the Additional Share amounts will be determined by a straight-line interpolation between the Additional Share amounts set forth for the higher and lower Stock Prices and the two Fundamental Change Effective Dates on the table based on a 365-day year;\n(ii) if the actual Stock Price on the Fundamental Change Effective Date exceeds $100.00 per share of Common Stock, subject to adjustment as set forth herein, no adjustment to the Conversion Rate shall be made; and\n(iii) if the actual Stock Price on the Fundamental Change Effective Date is less than $8.34 per share of Common Stock, subject to adjustment as set forth herein, no adjustment to the Conversion Rate shall be made. The Stock Prices set forth in the first column of the table above will be adjusted as of any date on which the Conversion Rate of the Securities is adjusted pursuant to Section 4.06 hereof. The adjusted Stock Prices will equal the Stock Prices applicable immediately prior to such adjustment multiplied by a fraction, the numerator of which is the Conversion Rate immediately prior to the adjustment giving rise to the Stock Price adjustment and the denominator of which is the Conversion Rate as so adjusted. The number of Additional Share amounts set forth in the table above will be adjusted in the same manner as the Conversion Rate as set forth in Section 4.06 hereof. Notwithstanding the foregoing, in no event shall the Conversion Rate exceed 119.9040 shares per $1,000 principal amount of Securities, subject to adjustment in the same manner as the Conversion Rate as set forth in subsections (a) through (c) of Section 4.06 hereof.", "samples": [{"hash": "9z1o48grWTQ", "uri": "/contracts/9z1o48grWTQ#conversion-privilege-and-conversion-rate", "label": "Indenture (Service Corporation International)", "score": 24.9753593429, "published": true}, {"hash": "5WxVsvQvqLC", "uri": "/contracts/5WxVsvQvqLC#conversion-privilege-and-conversion-rate", "label": "Indenture (Stewart Enterprises Inc)", "score": 21.0, "published": true}], "hash": "203be07d634c0e71f41cfd7f499fb342", "id": 1}, {"snippet_links": [{"key": "subject-to-and-upon", "type": "clause", "offset": [0, 19]}, {"key": "provisions-of-this-article", "type": "clause", "offset": [40, 66]}, {"key": "at-the-option-of-the-holder", "type": "clause", "offset": [68, 95]}, {"key": "the-principal-amount", "type": "definition", "offset": [136, 156]}, {"key": "integral-multiple", "type": "definition", "offset": [190, 207]}, {"key": "fully-paid-and-nonassessable-shares", "type": "clause", "offset": [244, 279]}, {"key": "a-share", "type": "definition", "offset": [340, 347]}, {"key": "common-stock-of-the-company", "type": "definition", "offset": [352, 379]}, {"key": "conversion-rate", "type": "definition", "offset": [387, 402]}, {"key": "in-effect", "type": "definition", "offset": [440, 449]}, {"key": "at-the-time", "type": "clause", "offset": [450, 461]}, {"key": "conversion-right", "type": "definition", "offset": [482, 498]}, {"key": "issuance-of-the-securities", "type": "clause", "offset": [532, 558]}, {"key": "close-of-business", "type": "clause", "offset": [577, 594]}, {"key": "on-december", "type": "clause", "offset": [595, 606]}, {"key": "in-the-case", "type": "clause", "offset": [625, 636]}, {"key": "conversion-of", "type": "clause", "offset": [640, 653]}, {"key": "global-security", "type": "clause", "offset": [658, 673]}, {"key": "applicable-procedures", "type": "definition", "offset": [682, 703]}, {"key": "in-case", "type": "clause", "offset": [705, 712]}, {"key": "redemption-at-the-election-of-the-company", "type": "clause", "offset": [757, 798]}, {"key": "right-to", "type": "definition", "offset": [835, 843]}, {"key": "require-the", "type": "clause", "offset": [844, 855]}, {"key": "the-security", "type": "clause", "offset": [878, 890]}, {"key": "in-respect-of", "type": "clause", "offset": [914, 927]}, {"key": "business-day", "type": "clause", "offset": [1017, 1029]}, {"key": "redemption-date", "type": "definition", "offset": [1056, 1071]}, {"key": "repurchase-date", "type": "clause", "offset": [1079, 1094]}, {"key": "payment-due", "type": "definition", "offset": [1158, 1169]}, {"key": "redemption-or-repurchase", "type": "clause", "offset": [1175, 1199]}, {"key": "each-case", "type": "definition", "offset": [1224, 1233]}, {"key": "with-respect-to", "type": "clause", "offset": [1284, 1299]}, {"key": "the-rate", "type": "definition", "offset": [1322, 1330]}, {"key": "stock-shall", "type": "definition", "offset": [1357, 1368]}, {"key": "upon-conversion", "type": "clause", "offset": [1382, 1397]}, {"key": "amount-of-securities", "type": "clause", "offset": [1516, 1536]}, {"key": "article-eleven", "type": "definition", "offset": [1617, 1631]}], "size": 33, "snippet": "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 that is U.S.$1,000 or an integral multiple of U.S.$1,000 may be converted into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100th of a share) of Common Stock of the Company at the Conversion Rate, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall commence upon the original issuance of the Securities and expire at the close of business on December 1, 2004, subject, in the case of conversion of any Global Security, to any Applicable Procedures. In case a Security or portion thereof is called for redemption at the election of the Company or the Holder thereof exercises his right to require the Company to repurchase the Security, such conversion right in respect of the Security, or portion thereof so called, shall expire at the close of business on the Business Day immediately preceding the Redemption Date or the Repurchase Date, as the case may be, unless the Company defaults in making the payment due upon redemption or repurchase, as the case may be (in each case subject as aforesaid to any Applicable Procedures with respect to any Global Security). The rate at which shares of Common Stock shall be delivered upon conversion (herein called the \"Conversion Rate\") shall be initially 13.5323 shares of Common Stock for each U.S.$1,000 principal amount of Securities. The Conversion Rate shall be adjusted in certain instances as provided in this ARTICLE ELEVEN.", "samples": [{"hash": "aVWcEMeHSN9", "uri": "/contracts/aVWcEMeHSN9#conversion-privilege-and-conversion-rate", "label": "Indenture (Etoys Inc)", "score": 18.0, "published": true}, {"hash": "3TnKuhSo3tb", "uri": "/contracts/3TnKuhSo3tb#conversion-privilege-and-conversion-rate", "label": "Indenture (Etoys Inc)", "score": 18.0, "published": true}], "hash": "cecec959e308a4c8edcbe4a0ff80e12b", "id": 2}, {"snippet_links": [{"key": "subject-to-and-upon", "type": "clause", "offset": [4, 23]}, {"key": "article-4", "type": "definition", "offset": [63, 72]}, {"key": "at-the-option-of-the-holder", "type": "clause", "offset": [74, 101]}, {"key": "integral-multiple", "type": "definition", "offset": [154, 171]}, {"key": "fully-paid", "type": "clause", "offset": [297, 307]}, {"key": "a-share", "type": "definition", "offset": [394, 401]}, {"key": "at-any-time", "type": "clause", "offset": [419, 430]}, {"key": "prior-to-the", "type": "clause", "offset": [431, 443]}, {"key": "close-of-business", "type": "clause", "offset": [444, 461]}, {"key": "business-day", "type": "clause", "offset": [469, 481]}, {"key": "final-maturity-date", "type": "definition", "offset": [508, 527]}, {"key": "by-the-company", "type": "clause", "offset": [546, 560]}, {"key": "conversion-rate", "type": "definition", "offset": [592, 607]}, {"key": "in-effect", "type": "definition", "offset": [608, 617]}, {"key": "a-portion", "type": "definition", "offset": [775, 784]}, {"key": "holder-of-securities", "type": "clause", "offset": [806, 826]}, {"key": "not-entitled", "type": "definition", "offset": [830, 842]}, {"key": "rights-of-a-holder", "type": "clause", "offset": [850, 868]}, {"key": "to-the-extent", "type": "clause", "offset": [960, 973]}, {"key": "pursuant-to", "type": "definition", "offset": [1042, 1053]}, {"key": "stock-issuable", "type": "clause", "offset": [1231, 1245]}, {"key": "to-the-trustee", "type": "clause", "offset": [1260, 1274]}, {"key": "conversion-agent", "type": "definition", "offset": [1286, 1302]}, {"key": "the-company-will", "type": "clause", "offset": [1355, 1371]}, {"key": "obligation-to-pay", "type": "clause", "offset": [1404, 1421]}, {"key": "the-principal-amount", "type": "definition", "offset": [1422, 1442]}, {"key": "the-securities", "type": "definition", "offset": [1446, 1460]}, {"key": "accrued-and-unpaid-interest", "type": "definition", "offset": [1500, 1527]}, {"key": "additional-interest", "type": "definition", "offset": [1533, 1552]}, {"key": "period-from", "type": "definition", "offset": [1581, 1592]}, {"key": "most-recent", "type": "definition", "offset": [1597, 1608]}, {"key": "interest-payment-date", "type": "clause", "offset": [1609, 1630]}, {"key": "conversion-date", "type": "definition", "offset": [1643, 1658]}, {"key": "paid-in-full", "type": "clause", "offset": [1688, 1700]}, {"key": "the-company-shall", "type": "clause", "offset": [1815, 1832]}, {"key": "in-connection-with", "type": "clause", "offset": [1884, 1902]}, {"key": "conversion-of-securities", "type": "clause", "offset": [1907, 1931]}, {"key": "independent-legal-counsel", "type": "definition", "offset": [2041, 2066]}, {"key": "regularly-engaged", "type": "definition", "offset": [2093, 2110]}, {"key": "antitrust-laws", "type": "clause", "offset": [2169, 2183]}, {"key": "section-75", "type": "clause", "offset": [2278, 2289]}, {"key": "the-purchase-agreement", "type": "clause", "offset": [2293, 2315]}], "size": 27, "snippet": "(a) Subject to and upon compliance with the provisions of this Article 4, at the option of the Holder thereof, any Security or portion thereof that is an integral multiple of $1,000 principal amount (or if Payment-in-Kind interest is paid, in an integral multiple of $1,000) may be converted into fully paid and non-assessable shares (calculated as to each conversion to the nearest 1/100th of a share) of Common Stock at any time prior to the close of business on the Business Day immediately preceding the Final Maturity Date, unless purchased by the Company at the Holder\u2019s option, at the Conversion Rate in effect at such time, determined as hereinafter provided.\n(b) Provisions of this Indenture that apply to conversion of all of a Security also apply to conversion of a portion of a Security.\n(c) A Holder of Securities is not entitled to any rights of a holder of Common Stock until such Holder has converted its Securities into Common Stock, and only to the extent such Securities are deemed to have been converted into Common Stock pursuant to this Article 4.\n(d) The Conversion Rate shall be adjusted in certain instances as provided in Section 4.01(e) and Section 4.06.\n(e) By delivering the number of shares of Common Stock issuable on conversion to the Trustee, or to the Conversion Agent, if the Conversion Agent is other than the Trustee, the Company will be deemed to have satisfied its obligation to pay the principal amount of the Securities so converted and its obligation to pay accrued and unpaid interest, and Additional Interest if any, attributable to the period from the most recent Interest Payment Date through the Conversion Date (which amount will be deemed paid in full rather than cancelled, extinguished or forfeited).\n(f) Notwithstanding anything contained herein to the contrary, the Company shall not be obligated to deliver shares of Common Stock in connection with any conversion of Securities to the extent such delivery would, in the Company\u2019s reasonable judgment, after having received the advice of independent legal counsel (who may be the Company\u2019s regularly engaged independent legal counsel), constitute a violation of any Antitrust Laws; provided, however, that this Section 4.01(f) shall not limit the Company\u2019s obligations under Section 7.5 of the Purchase Agreement.", "samples": [{"hash": "9utefhSKyqB", "uri": "/contracts/9utefhSKyqB#conversion-privilege-and-conversion-rate", "label": "Indenture (Bowater Inc)", "score": 21.0, "published": true}, {"hash": "8X1r5t6WCiU", "uri": "/contracts/8X1r5t6WCiU#conversion-privilege-and-conversion-rate", "label": "Indenture (AbitibiBowater Inc.)", "score": 21.0, "published": true}], "hash": "8503044da7d2e3b04ec341c08aa59a13", "id": 3}, {"snippet_links": [{"key": "subject-to-and-upon", "type": "clause", "offset": [0, 19]}, {"key": "provisions-of-this-article", "type": "clause", "offset": [40, 66]}, {"key": "at-the-option-of-the-holder", "type": "clause", "offset": [68, 95]}, {"key": "fully-paid-and-nonassessable-shares", "type": "clause", "offset": [140, 175]}, {"key": "a-share", "type": "definition", "offset": [236, 243]}, {"key": "common-stock-of-the-company", "type": "definition", "offset": [248, 275]}, {"key": "conversion-rate", "type": "definition", "offset": [283, 298]}, {"key": "in-effect", "type": "definition", "offset": [336, 345]}, {"key": "at-the-time", "type": "clause", "offset": [346, 357]}, {"key": "conversion-right", "type": "definition", "offset": [378, 394]}, {"key": "date-of", "type": "clause", "offset": [459, 466]}, {"key": "the-securities", "type": "definition", "offset": [467, 481]}, {"key": "close-of-business", "type": "clause", "offset": [500, 517]}, {"key": "on-december", "type": "clause", "offset": [518, 529]}, {"key": "in-the-case", "type": "clause", "offset": [549, 560]}, {"key": "conversion-of", "type": "clause", "offset": [564, 577]}, {"key": "global-security", "type": "clause", "offset": [582, 597]}, {"key": "applicable-procedures", "type": "definition", "offset": [606, 627]}, {"key": "in-case", "type": "clause", "offset": [629, 636]}, {"key": "redemption-at-the-election-of-the-company", "type": "clause", "offset": [681, 722]}, {"key": "right-to", "type": "definition", "offset": [759, 767]}, {"key": "require-the", "type": "clause", "offset": [768, 779]}, {"key": "the-security", "type": "clause", "offset": [802, 814]}, {"key": "in-respect-of", "type": "clause", "offset": [838, 851]}, {"key": "business-day", "type": "clause", "offset": [941, 953]}, {"key": "redemption-date", "type": "definition", "offset": [967, 982]}, {"key": "repurchase-date", "type": "clause", "offset": [990, 1005]}, {"key": "payment-due", "type": "definition", "offset": [1069, 1080]}, {"key": "redemption-or-repurchase", "type": "clause", "offset": [1086, 1110]}, {"key": "each-case", "type": "definition", "offset": [1135, 1144]}, {"key": "with-respect-to", "type": "clause", "offset": [1195, 1210]}, {"key": "the-rate", "type": "definition", "offset": [1233, 1241]}, {"key": "stock-shall", "type": "definition", "offset": [1268, 1279]}, {"key": "upon-conversion", "type": "clause", "offset": [1293, 1308]}, {"key": "each-us", "type": "clause", "offset": [1401, 1409]}, {"key": "amount-of-securities", "type": "clause", "offset": [1428, 1448]}, {"key": "article-xii", "type": "definition", "offset": [1529, 1540]}], "size": 20, "snippet": "Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Security may be converted into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100th of a share) of Common Stock of the Company at the Conversion Rate, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall commence on the 90th day after the last original issuance date of the Securities and expire at the close of business on December 15, 2003, subject, in the case of conversion of any Global Security, to any Applicable Procedures. In case a Security or portion thereof is called for redemption at the election of the Company or the Holder thereof exercises his right to require the Company to repurchase the Security, such conversion right in respect of the Security, or portion thereof so called, shall expire at the close of business on the Business Day prior to the Redemption Date or the Repurchase Date, as the case may be, unless the Company defaults in making the payment due upon redemption or repurchase, as the case may be (in each case subject as aforesaid to any Applicable Procedures with respect to any Global Security). The rate at which shares of Common Stock shall be delivered upon conversion (herein called the \"Conversion Rate\") shall be initially 41.2903 shares of Common Stock for each U.S. $1,000 principal amount of Securities. The Conversion Rate shall be adjusted in certain instances as provided in this Article XII.", "samples": [{"hash": "4FbI1pt0EcN", "uri": "/contracts/4FbI1pt0EcN#conversion-privilege-and-conversion-rate", "label": "Indenture (Cirrus Logic Inc)", "score": 18.0, "published": true}, {"hash": "3QBYLKddInd", "uri": "/contracts/3QBYLKddInd#conversion-privilege-and-conversion-rate", "label": "Indenture (Cirrus Logic Inc)", "score": 18.0, "published": true}], "hash": "31c04bbebdff30e105e7ea9b88933616", "id": 4}, {"snippet_links": [{"key": "the-conditions", "type": "clause", "offset": [15, 29]}, {"key": "in-clauses", "type": "clause", "offset": [40, 50]}, {"key": "article-12", "type": "definition", "offset": [126, 136]}, {"key": "a-holder", "type": "definition", "offset": [138, 146]}, {"key": "the-right", "type": "clause", "offset": [158, 167]}, {"key": "integral-multiple", "type": "definition", "offset": [306, 323]}, {"key": "at-any-time", "type": "clause", "offset": [351, 362]}, {"key": "new-york-city-time", "type": "clause", "offset": [383, 401]}, {"key": "scheduled-trading-day", "type": "definition", "offset": [417, 438]}, {"key": "november-15", "type": "clause", "offset": [461, 472]}, {"key": "election-of", "type": "clause", "offset": [520, 531]}, {"key": "rate-of", "type": "clause", "offset": [628, 635]}, {"key": "adjustment-by-the-company", "type": "clause", "offset": [679, 704]}, {"key": "applicable-conversion-rate", "type": "definition", "offset": [1286, 1312]}, {"key": "business-day-period", "type": "clause", "offset": [1524, 1543]}, {"key": "trading-day-period", "type": "definition", "offset": [1571, 1589]}, {"key": "measurement-period", "type": "clause", "offset": [1633, 1651]}, {"key": "day-of", "type": "clause", "offset": [1747, 1753]}, {"key": "the-product", "type": "clause", "offset": [1799, 1810]}, {"key": "stock-on", "type": "definition", "offset": [1857, 1865]}, {"key": "in-effect", "type": "definition", "offset": [1918, 1927]}, {"key": "conversion-agent", "type": "definition", "offset": [1970, 1986]}, {"key": "subject-to-compliance", "type": "clause", "offset": [1991, 2012]}, {"key": "procedures-and-conditions", "type": "clause", "offset": [2022, 2047]}, {"key": "concerning-the", "type": "clause", "offset": [2064, 2078]}, {"key": "obligation-to", "type": "clause", "offset": [2098, 2111]}, {"key": "such-determination", "type": "definition", "offset": [2117, 2135]}, {"key": "trading-price-condition", "type": "definition", "offset": [2142, 2165]}, {"key": "written-notice", "type": "definition", "offset": [2207, 2221]}, {"key": "reasonable-evidence", "type": "definition", "offset": [2237, 2256]}, {"key": "the-company-shall", "type": "clause", "offset": [2479, 2496]}, {"key": "determine-the", "type": "clause", "offset": [2530, 2543]}, {"key": "beginning-on-the", "type": "clause", "offset": [2558, 2574]}, {"key": "next-trading-day", "type": "clause", "offset": [2575, 2591]}, {"key": "equal-to", "type": "definition", "offset": [2737, 2745]}, {"key": "this-clause", "type": "clause", "offset": [2933, 2944]}, {"key": "written-request", "type": "definition", "offset": [2957, 2972]}, {"key": "trading-price-of-the-securities", "type": "definition", "offset": [3014, 3045]}, {"key": "in-accordance-with", "type": "definition", "offset": [3441, 3459]}, {"key": "holders-of-the-securities", "type": "clause", "offset": [3507, 3532]}, {"key": "the-trustee", "type": "clause", "offset": [3537, 3548]}, {"key": "and-the-company", "type": "clause", "offset": [3943, 3958]}, {"key": "no-further-obligation", "type": "clause", "offset": [3970, 3991]}, {"key": "in-writing", "type": "clause", "offset": [4073, 4083]}, {"key": "calendar-quarter", "type": "clause", "offset": [4200, 4216]}, {"key": "quarter-ending", "type": "definition", "offset": [4236, 4250]}, {"key": "days-in", "type": "definition", "offset": [4381, 4388]}, {"key": "period-of", "type": "definition", "offset": [4391, 4400]}, {"key": "last-trading-day", "type": "definition", "offset": [4443, 4459]}, {"key": "applicable-conversion-price", "type": "definition", "offset": [4526, 4553]}, {"key": "effect-on-the", "type": "clause", "offset": [4557, 4570]}, {"key": "satisfaction-of", "type": "clause", "offset": [4809, 4824]}, {"key": "the-company-will", "type": "clause", "offset": [4906, 4922]}, {"key": "promptly-notify", "type": "clause", "offset": [4923, 4938]}, {"key": "the-determination", "type": "clause", "offset": [4993, 5010]}, {"key": "distribute-to", "type": "clause", "offset": [5251, 5264]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [5265, 5289]}, {"key": "holders-of-common-stock", "type": "clause", "offset": [5290, 5313]}, {"key": "rights-or-warrants", "type": "clause", "offset": [5318, 5336]}, {"key": "days-after", "type": "definition", "offset": [5395, 5405]}, {"key": "date-of", "type": "clause", "offset": [5410, 5417]}, {"key": "the-distribution", "type": "clause", "offset": [5418, 5434]}, {"key": "to-subscribe", "type": "clause", "offset": [5436, 5448]}, {"key": "purchase-common-stock", "type": "clause", "offset": [5456, 5477]}, {"key": "price-per-share", "type": "definition", "offset": [5483, 5498]}, {"key": "declaration-date", "type": "definition", "offset": [5604, 5620]}, {"key": "securities-of-the-company", "type": "clause", "offset": [5746, 5771]}, {"key": "rights-to-purchase", "type": "clause", "offset": [5783, 5801]}, {"key": "pursuant-to-a", "type": "definition", "offset": [5839, 5852]}, {"key": "rights-plan", "type": "definition", "offset": [5867, 5878]}, {"key": "per-share-value", "type": "definition", "offset": [5906, 5921]}, {"key": "board-of-directors", "type": "definition", "offset": [5954, 5972]}, {"key": "with-respect-to", "type": "clause", "offset": [6187, 6202]}, {"key": "conversion-right", "type": "definition", "offset": [6295, 6311]}, {"key": "prior-to-the", "type": "clause", "offset": [6357, 6369]}, {"key": "the-company-has", "type": "definition", "offset": [6406, 6421]}, {"key": "the-business", "type": "clause", "offset": [6564, 6576]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [7062, 7094]}, {"key": "the-principal-amount", "type": "definition", "offset": [7150, 7170]}, {"key": "securities-held", "type": "definition", "offset": [7199, 7214]}, {"key": "a-party", "type": "clause", "offset": [7295, 7302]}, {"key": "the-definition-of", "type": "definition", "offset": [7344, 7361]}, {"key": "after-the-company", "type": "definition", "offset": [7444, 7461]}, {"key": "the-notice", "type": "clause", "offset": [7468, 7478]}, {"key": "the-last-sentence", "type": "clause", "offset": [7494, 7511]}, {"key": "from-the-effective-date", "type": "clause", "offset": [7538, 7561]}, {"key": "fundamental-change-repurchase-date", "type": "definition", "offset": [7590, 7624]}, {"key": "following-the-effective-date", "type": "clause", "offset": [7744, 7772]}, {"key": "a-fundamental-change", "type": "clause", "offset": [7827, 7847]}, {"key": "share-exchange", "type": "clause", "offset": [8155, 8169]}, {"key": "similar-transaction", "type": "definition", "offset": [8179, 8198]}, {"key": "sale-or-conveyance", "type": "clause", "offset": [8202, 8220]}, {"key": "properties-and-assets", "type": "clause", "offset": [8256, 8277]}, {"key": "issued-by", "type": "definition", "offset": [8312, 8321]}, {"key": "to-the-extent", "type": "clause", "offset": [8371, 8384]}, {"key": "pledged-securities", "type": "clause", "offset": [8422, 8440]}, {"key": "each-case", "type": "definition", "offset": [8446, 8455]}, {"key": "securities-and-or-other-property", "type": "definition", "offset": [8521, 8553]}, {"key": "right-to-convert", "type": "clause", "offset": [8642, 8658]}, {"key": "public-announcement", "type": "clause", "offset": [8749, 8768]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [8944, 8966]}, {"key": "in-connection-with", "type": "clause", "offset": [9095, 9113]}, {"key": "whole-fundamental-change", "type": "clause", "offset": [9121, 9145]}, {"key": "applicable-to", "type": "clause", "offset": [9167, 9180]}, {"key": "amount-of-securities", "type": "clause", "offset": [9206, 9226]}, {"key": "increased-by", "type": "clause", "offset": [9249, 9261]}, {"key": "additional-number", "type": "definition", "offset": [9265, 9282]}, {"key": "settlement-of-securities", "type": "clause", "offset": [9355, 9379]}, {"key": "this-subsection", "type": "definition", "offset": [9484, 9499]}, {"key": "pursuant-to-section", "type": "definition", "offset": [9521, 9540]}, {"key": "for-purposes-of-this", "type": "clause", "offset": [9551, 9571]}, {"key": "after-the-effective-date", "type": "clause", "offset": [9711, 9735]}, {"key": "press-release", "type": "definition", "offset": [10110, 10123]}, {"key": "on-the-effective-date", "type": "clause", "offset": [10124, 10145]}, {"key": "number-of-additional-shares", "type": "clause", "offset": [10175, 10202]}, {"key": "in-the-event-of-a", "type": "clause", "offset": [10261, 10278]}, {"key": "reference-to", "type": "definition", "offset": [10347, 10359]}, {"key": "schedule-a", "type": "clause", "offset": [10382, 10392]}, {"key": "based-on", "type": "clause", "offset": [10401, 10409]}, {"key": "the-stock", "type": "clause", "offset": [10444, 10453]}, {"key": "reference-dates", "type": "clause", "offset": [10609, 10624]}, {"key": "no-adjustments", "type": "clause", "offset": [11123, 11137]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [11343, 11372]}, {"key": "in-no-event-shall", "type": "clause", "offset": [11374, 11391]}, {"key": "in-the-same-manner", "type": "definition", "offset": [11502, 11520]}, {"key": "in-addition", "type": "clause", "offset": [11553, 11564]}, {"key": "increased-conversion-rate", "type": "definition", "offset": [11756, 11781]}, {"key": "the-adjustment", "type": "clause", "offset": [12273, 12287]}, {"key": "stock-price-adjustment", "type": "clause", "offset": [12307, 12329]}], "size": 11, "snippet": "(a) Subject to the conditions described in clauses (i), (ii) and (iii) below, and upon compliance with the provisions of this Article 12, a Holder shall have the right, at such Holder\u2019s option, to tender for conversion all or any portion (if the portion to be converted is $1,000 in principal amount or an integral multiple thereof) of any Securities at any time prior to 5:00 p.m., New York City time, on the second Scheduled Trading Day immediately preceding November 15, 2016, into shares of Common Stock (or, at the election of the Company, cash or a combination of cash and shares of Common Stock as described herein) at a rate of 52.0291 shares of Common Stock (subject to adjustment by the Company as provided in Section 12.01(e) and Section 12.04 hereof) per $1,000 in principal amount of the Securities (the \u201cConversion Rate\u201d) under the circumstances and during the periods set forth below. On and after August 15, 2016 regardless of the conditions described in clauses (i), (ii) and (iii) below, and upon compliance with the provisions of this Article 12, a Holder shall have the right, at such Holder\u2019s option, to tender for conversion all or any portion (if the portion to be converted is $1,000 in principal amount or an integral multiple thereof) of any Securities at the applicable Conversion Rate at any time prior to 5:00 p.m., New York City time, on the second Scheduled Trading Day immediately preceding November 15, 2016.\n(i) The Securities shall be convertible prior to August 15, 2016, during the five Business Day period after any five consecutive Trading Day period (as used in this Section 12.01(a)(i), the \u201cMeasurement Period\u201d) in which the Trading Price per $1,000 in principal amount of the Securities for each Trading Day of such Measurement Period was less than 98% of the product of the Last Reported Sale Price of the Common Stock on such Trading Day and the applicable Conversion Rate in effect on such Trading Day, as determined by the Conversion Agent and subject to compliance with the procedures and conditions described below concerning the Conversion Agent\u2019s obligation to make such determination (the \u201cTrading Price Condition\u201d). If a Holder provides the Company with written notice which includes reasonable evidence that the Trading Price per $1,000 in principal amount of the Securities would be less than 98% of the product of (a) the applicable Conversion Rate of the Securities and (b) the Last Reported Sale Price at such time, then the Company shall instruct the Conversion Agent to determine the Trading Price beginning on the next Trading Day and on each successive Trading Day until the date on which the Trading Price per $1,000 in principal amount of the Securities is greater than or equal to 98% of the product of (a) the applicable Conversion Rate of the Securities and (b) the Last Reported Sale Price. Furthermore, if the Company does not, when obligated to do so pursuant to this clause (i), make a written request to the Conversion Agent to determine the Trading Price of the Securities, or if the Company makes such request to the Conversion Agent and the Conversion Agent does not make such determination, then the Trading Price per $1,000 in principal amount of the Securities shall be deemed to be less than 98% of the product of (a) the applicable Conversion Rate of the Securities and (b) the Last Reported Sale Price on such date. If the Trading Price Condition has been met in accordance with the foregoing, the Company shall so notify the Holders of the Securities and the Trustee. If, at any time after the Trading Price Condition has been met in accordance with the foregoing, the Trading Price per $1,000 in principal amount of the Securities is greater than or equal to 98% of the product of (a) the applicable Conversion Rate of the Securities and (b) the Last Reported Sale Price on such date, the Company shall so notify the Holders of the Securities and the Trustee, and the Company shall have no further obligation to determine the Trading Price of the Securities unless requested to do so again in writing pursuant to this Section 12.01(a)(i).\n(ii) The Securities shall be convertible prior to August 15, 2016, during any calendar quarter after the calendar quarter ending June 30, 2008 (and only during such calendar quarter), if the Last Reported Sale Price of the Common Stock for 20 or more Trading Days in a period of 30 consecutive Trading Days ending on the last Trading Day of the immediately preceding calendar quarter exceeds 120% of the applicable Conversion Price in effect on the last Trading Day of the immediately preceding calendar quarter. For each calendar quarter, the Company, or at the written request of the Company, the Conversion Agent, will determine if the Securities are convertible as the result of the satisfaction of the condition in this Section 12.01(a)(ii) in the preceding calendar quarter and the Company will promptly notify the Holders and the Trustee and, if the Company makes the determination, the Conversion Agent, if this condition was satisfied.\n(iii) The Securities shall be convertible prior to August 15, 2016, as provided in subsections (b), (c) and (d) of this Section 12.01.\n(b) In the event that the Company elects to:\n(i) distribute to all or substantially all holders of Common Stock any rights or warrants entitling them, for a period of not more than 45 calendar days after the date of the distribution, to subscribe for or purchase Common Stock at a price per share less than the Last Reported Sale Price of the Common Stock for the Trading Day immediately preceding the declaration date of such distribution; or\n(ii) distribute to all or substantially all holders of Common Stock assets (including cash) or debt securities of the Company or certain rights to purchase the Company\u2019s securities (other than pursuant to a stockholders\u2019 rights plan), which distribution has a per share value (as determined by the Company\u2019s Board of Directors) exceeding 10% of the Last Reported Sale Price of the Common Stock on the Trading Day immediately preceding the date of declaration of such distribution, the Company shall notify Holders and the Trustee in writing with respect to any distribution referred to in either clause (i) or clause (ii) above and of the resulting conversion right no later than the 35th Scheduled Trading Day prior to the Ex Date for such distribution. Once the Company has given such notice, Holders may surrender the Securities for conversion at any time until the earlier of (A) 5:00 p.m., New York City time, on the Business Day immediately preceding the Ex Date for such distribution or (B) the date the Company announces that such distribution will not take place even if the Securities are not otherwise convertible at such time. A Holder may not exercise this right if such Holder is permitted to participate (as a result of holding the Securities, and at the same time as holders of the Common Stock participate) in any distribution referred to in clause (i) or clause (ii) above as if such Holder held a number of shares of Common Stock equal to the applicable Conversion Rate, multiplied by the principal amount (expressed in thousands) of Securities held by such Holder, without having to convert its Securities.\n(c) If the Company is a party to any transaction or event described in the definition of Fundamental Change, a Holder may surrender Securities for conversion at any time, after the Company gives the notice referred to in the last sentence of this Section 12.01(c), from the effective date of such event until (i) the Fundamental Change Repurchase Date corresponding to such events or (ii) if there is no such Fundamental Change Repurchase Date, 35 Scheduled Trading Days following the effective date of such transaction or event. After the occurrence of a Fundamental Change, the Company shall notify in writing, in the manner provided for in this Indenture, each of the Holders and the Trustee of the Fundamental Change no later than the effective date of such Fundamental Change.\n(d) If the Company is a party to a combination, merger, recapitalization, reclassification, binding-share exchange or other similar transaction or sale or conveyance of all or substantially all of its properties and assets (excluding a pledge of securities issued by any of the Company\u2019s Subsidiaries but including, to the extent appropriate, any foreclosure on such pledged securities), in each case pursuant to which the Common Stock would be converted into cash, securities and/or other property and that does not also constitute a Fundamental Change, then the Holders shall have the right to convert Securities at any time beginning on the date on which the Company gives notice or makes a public announcement of such transaction and ending on the 35th Scheduled Trading Day following the effective date of such transaction. The Company shall notify Holders and the Trustee in writing as soon as practicable, and in any event no later than the actual effective date of any such transaction.\n(e) If a Holder elects to convert Securities in connection with a Make-Whole Fundamental Change, the Conversion Rate applicable to each $1,000 in principal amount of Securities so converted shall be increased by an additional number of shares of Common Stock (the \u201cAdditional Shares\u201d) as described below. Settlement of Securities tendered for conversion to which Additional Shares shall be added to the Conversion Rate as provided in this subsection (e) shall be settled pursuant to Section 12.02(e). For purposes of this subsection (e), a conversion shall be deemed to be \u201cin connection with\u201d such Make-Whole Fundamental Change if such conversion occurs on or after the effective date of such Make-Whole Fundamental Change and prior to 5:00 p.m., New York City time, on the Business Day immediately prior to the related Fundamental Change Repurchase Date for such Make-Whole Fundamental Change. The Company will notify Holders and the Trustee in writing of the effective date of any Make-Whole Fundamental Change applicable to this subsection (e) and issue a press release on the effective date of such transaction.\n(i) The number of Additional Shares by which the applicable Conversion Rate will be increased in the event of a Make-Whole Fundamental Change shall be determined by the Company by reference to the table attached as Schedule A hereto, based on the Make-Whole Reference Date and the Stock Price; provided, that if the actual Stock Price is between two Stock Price amounts in the table or the Make-Whole Reference Date is between two Make-Whole Reference Dates in the table, the number of Additional Shares by which the Conversion Rate will be increased shall be determined by a straight-line interpolation between the number of Additional Shares set forth for the next higher and next lower Stock Price amounts and the two nearest Make-Whole Reference Dates, as applicable, based on a 365-day year; provided, further, that if (1) the Stock Price is greater than $100.00 per share of Common Stock (subject to adjustment in accordance with clause (ii) below), no adjustments will be made in the Conversion Rate, and (2) the Stock Price is less than $12.37 per share (subject to adjustment in accordance with clause (ii) below), no adjustments will be made in the Conversion Rate. Notwithstanding the foregoing, in no event shall the Conversion Rate exceed 80.8407 shares per $1,000 in principal amount of Securities (subject to adjustment in the same manner as set forth in Section 12.04). In addition, if Holders convert their Securities prior to any effective date of any Make Whole Fundamental Change and the Make Whole Fundamental Change does not occur, Holders will not be entitled to an increased Conversion Rate in connection with such conversion.\n(ii) The Stock Prices set forth in the first column of the table in Schedule A hereto shall be adjusted by the Company as of any date on which the Conversion Rate of the Securities is adjusted (except pursuant to this Section 12.01(e)). The adjusted Stock Prices shall equal the Stock Prices applicable immediately prior to such adjustment, multiplied by a fraction, the numerator of which is the applicable Conversion Rate in effect immediately prior to the adjustment giving rise to the Stock Price adjustment and the denominator of which is the Conversion Rate as so adjusted. The number of Additional Shares within the table shall be adjusted in the same manner as the Conversion Rate as set forth in Section 12.04.", "samples": [{"hash": "hByWpWmxMCM", "uri": "/contracts/hByWpWmxMCM#conversion-privilege-and-conversion-rate", "label": "Indenture (Virgin Media Inc.)", "score": 21.0, "published": true}], "hash": "364f063fdf2024c551e75e7538436a70", "id": 5}, {"snippet_links": [{"key": "subject-to-and-upon", "type": "clause", "offset": [0, 19]}, {"key": "provisions-of-this-article", "type": "clause", "offset": [40, 66]}, {"key": "at-the-option-of-the-holder", "type": "clause", "offset": [68, 95]}, {"key": "fully-paid-and-nonassessable-shares", "type": "clause", "offset": [136, 171]}, {"key": "a-share", "type": "definition", "offset": [232, 239]}, {"key": "common-stock-of-the-company", "type": "definition", "offset": [244, 271]}, {"key": "conversion-rate", "type": "definition", "offset": [279, 294]}, {"key": "in-effect", "type": "definition", "offset": [332, 341]}, {"key": "at-the-time", "type": "clause", "offset": [342, 353]}, {"key": "conversion-right", "type": "definition", "offset": [374, 390]}, {"key": "initial-issuance-date", "type": "definition", "offset": [413, 434]}, {"key": "close-of-business", "type": "clause", "offset": [466, 483]}, {"key": "business-day", "type": "clause", "offset": [491, 503]}, {"key": "prior-to-the", "type": "clause", "offset": [504, 516]}, {"key": "maturity-of-the-notes", "type": "clause", "offset": [525, 546]}, {"key": "in-the-case", "type": "clause", "offset": [557, 568]}, {"key": "conversion-of", "type": "clause", "offset": [572, 585]}, {"key": "global-note", "type": "definition", "offset": [590, 601]}, {"key": "applicable-procedures", "type": "definition", "offset": [610, 631]}, {"key": "in-case", "type": "clause", "offset": [633, 640]}, {"key": "a-note", "type": "clause", "offset": [641, 647]}, {"key": "redemption-at-the-election-of-the-company", "type": "clause", "offset": [681, 722]}, {"key": "right-to", "type": "definition", "offset": [759, 767]}, {"key": "require-the", "type": "clause", "offset": [768, 779]}, {"key": "in-respect-of", "type": "clause", "offset": [834, 847]}, {"key": "redemption-date", "type": "definition", "offset": [959, 974]}, {"key": "repurchase-date", "type": "clause", "offset": [982, 997]}, {"key": "payment-due", "type": "definition", "offset": [1061, 1072]}, {"key": "redemption-or-repurchase", "type": "clause", "offset": [1078, 1102]}, {"key": "each-case", "type": "definition", "offset": [1127, 1136]}, {"key": "with-respect-to", "type": "clause", "offset": [1187, 1202]}, {"key": "the-rate", "type": "definition", "offset": [1221, 1229]}, {"key": "stock-shall", "type": "definition", "offset": [1256, 1267]}, {"key": "upon-conversion", "type": "clause", "offset": [1281, 1296]}, {"key": "amount-of-notes", "type": "clause", "offset": [1415, 1430]}, {"key": "article-10", "type": "clause", "offset": [1511, 1521]}], "size": 7, "snippet": "Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Note may be converted into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100th of a share) of Common Stock of the Company at the Conversion Rate, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall commence on the initial issuance date of the Notes and expire at the close of business on the Business Day prior to the date of Maturity of the Notes, subject, in the case of conversion of any Global Note, to any Applicable Procedures. In case a Note or portion thereof is called for redemption at the election of the Company or the Holder thereof exercises his right to require the Company to repurchase the Note, such conversion right in respect of the Note, or portion thereof so called, shall expire at the close of business on the Business Day prior to the Redemption Date or the Repurchase Date, as the case may be, unless the Company defaults in making the payment due upon redemption or repurchase, as the case may be (in each case subject as aforesaid to any Applicable Procedures with respect to any Global Note). The rate at which shares of Common Stock shall be delivered upon conversion (herein called the \"Conversion Rate\") shall be initially 46.3822 shares of Common Stock for each U.S.$1,000 principal amount of Notes. The Conversion Rate shall be adjusted in certain instances as provided in this Article 10.", "samples": [{"hash": "3YzM7diLQyi", "uri": "/contracts/3YzM7diLQyi#conversion-privilege-and-conversion-rate", "label": "Indenture (Charter Communications Inc /Mo/)", "score": 18.0, "published": true}, {"hash": "3IzKjRnBhdw", "uri": "/contracts/3IzKjRnBhdw#conversion-privilege-and-conversion-rate", "label": "Indenture (Charter Communications Inc /Mo/)", "score": 18.0, "published": true}], "hash": "7d812687563cd4f34d41f598e37f3a4f", "id": 6}, {"snippet_links": [{"key": "subject-to-and-upon", "type": "clause", "offset": [0, 19]}, {"key": "provisions-of-this-article", "type": "clause", "offset": [40, 66]}, {"key": "at-the-option-of-the-holder", "type": "clause", "offset": [68, 95]}, {"key": "the-principal-amount", "type": "definition", "offset": [136, 156]}, {"key": "integral-multiple", "type": "definition", "offset": [190, 207]}, {"key": "fully-paid-and-nonassessable", "type": "clause", "offset": [244, 272]}, {"key": "preference-shares", "type": "definition", "offset": [273, 290]}, {"key": "conversion-price", "type": "clause", "offset": [298, 314]}, {"key": "amount-of-securities", "type": "clause", "offset": [364, 384]}, {"key": "conversion-right", "type": "definition", "offset": [391, 407]}, {"key": "date-of", "type": "clause", "offset": [432, 439]}, {"key": "issuance-of-the-securities", "type": "clause", "offset": [453, 479]}, {"key": "close-of-business", "type": "clause", "offset": [498, 515]}, {"key": "in-the-case", "type": "clause", "offset": [545, 556]}, {"key": "conversion-of", "type": "clause", "offset": [560, 573]}, {"key": "global-security", "type": "clause", "offset": [578, 593]}, {"key": "applicable-procedures", "type": "definition", "offset": [602, 623]}, {"key": "in-case", "type": "clause", "offset": [625, 632]}, {"key": "election-of", "type": "clause", "offset": [695, 706]}, {"key": "the-issuer", "type": "clause", "offset": [707, 717]}, {"key": "right-to", "type": "definition", "offset": [754, 762]}, {"key": "require-the", "type": "clause", "offset": [763, 774]}, {"key": "the-security", "type": "clause", "offset": [792, 804]}, {"key": "in-respect-of", "type": "clause", "offset": [828, 841]}, {"key": "business-day", "type": "clause", "offset": [931, 943]}, {"key": "the-redemption", "type": "clause", "offset": [966, 980]}, {"key": "change-of-control-redemption-date", "type": "clause", "offset": [987, 1020]}, {"key": "option-redemption", "type": "definition", "offset": [1031, 1048]}, {"key": "payment-due", "type": "definition", "offset": [1116, 1127]}, {"key": "each-case", "type": "definition", "offset": [1168, 1177]}, {"key": "with-respect-to", "type": "clause", "offset": [1228, 1243]}, {"key": "holder-of-securities", "type": "clause", "offset": [1268, 1288]}, {"key": "rights-of-a-holder", "type": "clause", "offset": [1318, 1336]}, {"key": "such-security", "type": "definition", "offset": [1390, 1403]}, {"key": "to-the-extent", "type": "clause", "offset": [1437, 1450]}, {"key": "article-eleven", "type": "definition", "offset": [1540, 1554]}], "size": 6, "snippet": "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 that is U.S.$1,000 or an integral multiple of U.S.$1,000 may be converted into fully paid and nonassessable Preference Shares at the conversion price of one Preference Share per U.S.$1,000 principal amount of Securities. Such conversion right shall commence upon the date of the original issuance of the Securities and expire at the close of business on August 14, 2011, subject, in the case of conversion of any Global Security, to any Applicable Procedures. In case a Security or portion thereof is called for redemption at the election of the Issuer or the Holder thereof exercises his right to require the Issuer to redeem the Security, such conversion right in respect of the Security, or portion thereof so called, shall expire at the close of business on the Business Day immediately preceding the Redemption Date, Change of Control Redemption Date or Holder Option Redemption Date, as the case may be, unless the Issuer defaults in making the payment due upon redemption, as the case may be (in each case subject as aforesaid to any Applicable Procedures with respect to any Global Security). A Holder of Securities shall not be entitled to any rights of a holder of Preference Shares until such holder has converted such Security into Preference Shares, and only to the extent that such Securities are deemed to have been converted into Preference Shares under this Article Eleven.", "samples": [{"hash": "9EBQX0QUUKy", "uri": "/contracts/9EBQX0QUUKy#conversion-privilege-and-conversion-rate", "label": "Indenture (Shire Pharmaceuticals Group PLC)", "score": 18.0, "published": true}], "hash": "83418109eb49b893c0e5f179cc9203e9", "id": 7}, {"snippet_links": [{"key": "section-122", "type": "clause", "offset": [3, 15]}], "size": 4, "snippet": "78 SECTION 12.2", "samples": [{"hash": "3y41ePZHlN7", "uri": "/contracts/3y41ePZHlN7#conversion-privilege-and-conversion-rate", "label": "Indenture (Redback Networks Inc)", "score": 18.0, "published": true}], "hash": "bced6a3621f66dbe06ff4abe1a97d896", "id": 8}, {"snippet_links": [{"key": "subject-to-and-upon", "type": "clause", "offset": [4, 23]}, {"key": "provisions-of-this-article", "type": "clause", "offset": [44, 70]}, {"key": "at-the-option-of-the-holder", "type": "clause", "offset": [72, 99]}, {"key": "integral-multiple", "type": "definition", "offset": [133, 150]}, {"key": "fully-paid-and-nonassessable-shares", "type": "clause", "offset": [183, 218]}, {"key": "a-share", "type": "definition", "offset": [279, 286]}, {"key": "common-stock-of-the-company", "type": "definition", "offset": [291, 318]}, {"key": "conversion-rate", "type": "definition", "offset": [326, 341]}, {"key": "in-effect", "type": "definition", "offset": [379, 388]}, {"key": "at-the-time", "type": "clause", "offset": [389, 400]}, {"key": "subject-to-the", "type": "definition", "offset": [419, 433]}, {"key": "prior-to-december", "type": "clause", "offset": [489, 506]}, {"key": "closing-price-per-share", "type": "clause", "offset": [521, 544]}, {"key": "the-common-stock", "type": "clause", "offset": [548, 564]}, {"key": "days-in", "type": "definition", "offset": [589, 596]}, {"key": "period-of", "type": "definition", "offset": [601, 610]}, {"key": "day-of", "type": "clause", "offset": [663, 669]}, {"key": "conversion-period", "type": "clause", "offset": [672, 689]}, {"key": "current-conversion-price", "type": "clause", "offset": [721, 745]}, {"key": "the-securities", "type": "definition", "offset": [749, 763]}, {"key": "to-convert", "type": "clause", "offset": [806, 816]}, {"key": "such-security", "type": "definition", "offset": [817, 830]}, {"key": "after-december", "type": "clause", "offset": [882, 896]}, {"key": "prior-to-the", "type": "clause", "offset": [910, 922]}, {"key": "stated-maturity", "type": "clause", "offset": [923, 938]}, {"key": "at-all-times", "type": "definition", "offset": [1128, 1140]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [1187, 1211]}, {"key": "common-stock-rights", "type": "definition", "offset": [1223, 1242]}, {"key": "options-or-warrants", "type": "clause", "offset": [1244, 1263]}, {"key": "to-purchase-common-stock", "type": "clause", "offset": [1279, 1303]}, {"key": "stock-on", "type": "definition", "offset": [1359, 1367]}, {"key": "last-trading-day", "type": "definition", "offset": [1372, 1388]}, {"key": "debt-securities", "type": "clause", "offset": [1535, 1550]}, {"key": "capital-stock", "type": "definition", "offset": [1554, 1567]}, {"key": "per-share-value", "type": "definition", "offset": [1594, 1609]}, {"key": "by-the-board-of-directors", "type": "clause", "offset": [1624, 1649]}, {"key": "party-to-a-consolidation", "type": "definition", "offset": [1820, 1844]}, {"key": "sale-of-all-or-substantially", "type": "clause", "offset": [1856, 1884]}, {"key": "a-change-in-control", "type": "clause", "offset": [2018, 2037]}], "size": 4, "snippet": "(a) Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Security that is an integral multiple of $1,000 may be converted into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100th of a share) of Common Stock of the Company at the Conversion Rate, determined as hereinafter provided, in effect at the time of conversion and subject to the adjustments described below, as follows:\n(1) if, on or prior to December 31, 2007, the Closing Price Per Share of the Common Stock for at least 20 Trading Days in the period of the 30 consecutive Trading Days ending on the first day of a Conversion Period was more than 110% of the then current Conversion Price on the Securities, then the Holder thereof will be entitled to convert such Security during that Conversion Period;\n(2) if, on any date after December 31, 2007 and prior to the Stated Maturity, the Closing Price Per Share of the Common Stock is more than 110% of the then current Conversion Price on the Securities, then the Holder thereof will be entitled to convert such Security at all times thereafter;\n(3) if the Company distributes to all or substantially all holders of Common Stock rights, options or warrants entitling them to purchase Common Stock at less than the Closing Price Per Share of the Common Stock on the last Trading Day preceding the declaration for such distribution;\n(4) if the Company distributes to all or substantially all holders of Common Stock cash, assets, debt securities or capital stock, which distribution has a per share value as determined by the Board of Directors exceeding 10% of the Closing Price Per Share of the Common Stock on the last Trading Day preceding the declaration for such distribution; or\n(5) if the Company becomes a party to a consolidation, merger or sale of all or substantially all of the Company's assets where such consolidation, merger or sale of all or substantially all of the Company's assets constitutes a Change in Control.", "samples": [{"hash": "hZ1mAwWsySn", "uri": "/contracts/hZ1mAwWsySn#conversion-privilege-and-conversion-rate", "label": "Indenture (Juniper Networks Inc)", "score": 18.0, "published": true}], "hash": "556fc9eda4d221da34f3922fd4da4d26", "id": 9}, {"snippet_links": [{"key": "subject-to-and-upon", "type": "clause", "offset": [0, 19]}, {"key": "provisions-of-this-article", "type": "clause", "offset": [40, 66]}, {"key": "at-the-option-of-the-holder", "type": "clause", "offset": [68, 95]}, {"key": "fully-paid-and-nonassessable-shares", "type": "clause", "offset": [162, 197]}, {"key": "a-share", "type": "definition", "offset": [258, 265]}, {"key": "common-stock-of-the-company", "type": "definition", "offset": [270, 297]}, {"key": "conversion-rate", "type": "definition", "offset": [305, 320]}, {"key": "in-effect", "type": "definition", "offset": [358, 367]}, {"key": "at-the-time", "type": "clause", "offset": [368, 379]}, {"key": "conversion-right", "type": "definition", "offset": [400, 416]}, {"key": "issue-date", "type": "clause", "offset": [439, 449]}, {"key": "close-of-business", "type": "clause", "offset": [468, 485]}, {"key": "date-of-maturity", "type": "definition", "offset": [493, 509]}, {"key": "in-the-case", "type": "clause", "offset": [520, 531]}, {"key": "global-security", "type": "clause", "offset": [553, 568]}, {"key": "applicable-procedures", "type": "definition", "offset": [577, 598]}, {"key": "in-case", "type": "clause", "offset": [600, 607]}, {"key": "redemption-at-the-election-of-the-company", "type": "clause", "offset": [652, 693]}, {"key": "right-to", "type": "definition", "offset": [730, 738]}, {"key": "require-the", "type": "clause", "offset": [739, 750]}, {"key": "the-security", "type": "clause", "offset": [773, 785]}, {"key": "in-respect-of", "type": "clause", "offset": [809, 822]}, {"key": "business-day", "type": "clause", "offset": [955, 967]}, {"key": "redemption-date", "type": "definition", "offset": [994, 1009]}, {"key": "repurchase-date", "type": "clause", "offset": [1017, 1032]}, {"key": "payment-due", "type": "definition", "offset": [1096, 1107]}, {"key": "redemption-or-repurchase", "type": "clause", "offset": [1113, 1137]}, {"key": "each-case", "type": "definition", "offset": [1339, 1348]}, {"key": "with-respect-to", "type": "clause", "offset": [1399, 1414]}, {"key": "december-10", "type": "definition", "offset": [1491, 1502]}, {"key": "the-company-will", "type": "clause", "offset": [1510, 1526]}, {"key": "make-whole-payment", "type": "clause", "offset": [1544, 1562]}, {"key": "section-111", "type": "clause", "offset": [1579, 1591]}, {"key": "all-securities", "type": "clause", "offset": [1596, 1610]}, {"key": "notice-of-redemption", "type": "clause", "offset": [1644, 1664]}, {"key": "prior-to-the", "type": "clause", "offset": [1669, 1681]}, {"key": "a-holder", "type": "definition", "offset": [1702, 1710]}, {"key": "after-receipt-of", "type": "clause", "offset": [1777, 1793]}, {"key": "company-notice", "type": "definition", "offset": [1796, 1810]}, {"key": "in-connection-with", "type": "clause", "offset": [1811, 1829]}, {"key": "a-fundamental-change", "type": "clause", "offset": [1830, 1850]}, {"key": "whole-premium", "type": "clause", "offset": [1968, 1981]}, {"key": "shares-of-common-stock", "type": "clause", "offset": [2017, 2039]}, {"key": "conversion-of-the-securities", "type": "clause", "offset": [2057, 2085]}, {"key": "the-rate", "type": "definition", "offset": [2087, 2095]}, {"key": "stock-shall", "type": "definition", "offset": [2122, 2133]}, {"key": "equal-to", "type": "definition", "offset": [2220, 2228]}, {"key": "each-us", "type": "clause", "offset": [2248, 2256]}, {"key": "amount-of-securities", "type": "clause", "offset": [2284, 2304]}, {"key": "article-xii", "type": "definition", "offset": [2385, 2396]}], "size": 4, "snippet": "Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Security may be converted, in whole or in part, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100th of a share) of Common Stock of the Company at the Conversion Rate, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall commence on the Issue Date and expire at the close of business on the date of Maturity, subject, in the case of conversion of any Global Security, to any Applicable Procedures. In case a Security or portion thereof is called for redemption at the election of the Company or the Holder thereof exercises his right to require the Company to repurchase the Security, such conversion right in respect of the Security, or portion thereof so called for redemption or submitted for repurchase, shall expire at the close of business on the Business Day immediately preceding the Redemption Date or the Repurchase Date, as the case may be, unless the Company defaults in making the payment due upon redemption or repurchase, as the case may be, in which case the conversion right will terminate at the close of business on the date such default is cured and the Securities are redeemed or repurchased, as the case may be (in each case subject as aforesaid to any Applicable Procedures with respect to any Global Security). If the Securities have a Redemption Date on or before December 10, 2007, the Company will make an Interest Make Whole Payment (as provided in Section 11.1) on all Securities surrendered for conversion after notice of redemption and prior to the Redemption Date. If a holder surrenders its Securities (or any portion thereof) for conversion after receipt of a Company Notice in connection with a Fundamental Change and prior to the Repurchase Date, and the Fundamental Change constitutes a Cash Buy-Out, the Company will pay a Make Whole Premium to such holder, in addition to the shares of Common Stock deliverable upon conversion of the Securities. The rate at which shares of Common Stock shall be delivered upon conversion (herein called the \"Conversion Rate\") shall be initially equal to 68.2594 shares for each U.S. 1,000 aggregate principal amount of Securities. The Conversion Rate shall be adjusted in certain instances as provided in this Article XII.", "samples": [{"hash": "cElLqvPkpSc", "uri": "/contracts/cElLqvPkpSc#conversion-privilege-and-conversion-rate", "label": "Indenture (Collegiate Pacific Inc)", "score": 18.0, "published": true}], "hash": "384b6a7e3788206dedf8255c5663503f", "id": 10}], "next_curs": "CnESa2oVc35sYXdpbnNpZGVyY29udHJhY3Rzck0LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IjFjb252ZXJzaW9uLXByaXZpbGVnZS1hbmQtY29udmVyc2lvbi1yYXRlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [["conversion-rights-generally", "Conversion Rights Generally"], ["conversion-upon-a-fundamental-change", "Conversion Upon a Fundamental Change"], ["", ""], ["definitions-and-other-provisions-of-general-application", "Definitions and Other Provisions of General Application"], ["definitions", "Definitions"]], "title": "Conversion Privilege and Conversion Rate", "size": 192, "parents": [["conversion-of-securities", "Conversion of Securities"], ["conversion", "Conversion"], ["conversion-arrangement-on-call-for-redemption", "Conversion Arrangement on Call for Redemption"], ["preferential-collection-of-claims-against-company", "Preferential Collection of Claims Against Company"], ["conversion-of-notes", "Conversion of Notes"]], "id": "conversion-privilege-and-conversion-rate", "related": [["conversion-privilege-and-conversion-price", "Conversion Privilege and Conversion Price", "Conversion Privilege and Conversion Price"], ["conversion-privileges", "Conversion Privileges", "Conversion Privileges"], ["conversion-privilege", "Conversion Privilege", "Conversion Privilege"], ["exercise-of-conversion-privilege", "Exercise of Conversion Privilege", "Exercise of Conversion Privilege"], ["adjustment-of-conversion-rate", "Adjustment of Conversion Rate", "Adjustment of Conversion Rate"]], "related_snippets": [], "updated": "2025-07-07T12:35:11+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The Conversion Privilege and Conversion Rate clause defines the right of a security holder, such as a bondholder or preferred shareholder, to convert their holdings into another form of security, typically common stock, under specified terms. This clause outlines the exact rate or formula by which the conversion occurs, such as how many shares of common stock are received for each bond or preferred share, and may also specify timeframes or conditions under which conversion is permitted. Its core practical function is to provide flexibility and potential upside to investors, while also clarifying the terms to prevent disputes over conversion rights and values."}, "json": true, "cursor": ""}}