Common use of Conversion Right and Conversion Rate Clause in Contracts

Conversion Right and Conversion Rate. (a) 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 $1,000 or an integral multiple of $1,000 may be converted at the principal amount thereof, or of such portion thereof, into the number of duly authorized, fully paid and nonassessable shares of Common Stock at the Conversion Rate, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on September 27, 2012.

Appears in 1 contract

Samples: Cyberonics Inc

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Conversion Right and Conversion Rate. (a) 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 that is $1,000 or an integral a multiple of $1,000 may be converted converted, at any time, at the principal amount thereof, or of such portion thereof, into the number of duly authorized, fully paid and nonassessable shares of Common Stock at the Conversion Rate, determined as hereinafter provided, Rate in effect at the time of conversion. Such conversion right shall commence on the Issue Date and expire at the close of business on September 27, 2012the Business Day immediately preceding Maturity.

Appears in 1 contract

Samples: Lifetime Brands, Inc

Conversion Right and Conversion Rate. (a) 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 $1,000 or an integral multiple of $1,000 may be converted at the principal amount thereof, or of such portion thereof, into the number of duly authorized, fully paid and nonassessable shares of Common Stock at the Conversion Rate, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on September 27May 16, 2012.

Appears in 1 contract

Samples: Indenture (Cv Therapeutics Inc)

Conversion Right and Conversion Rate. (a) 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 $1,000 or an integral multiple of $1,000 may be converted at the principal amount thereof, or of such portion thereof, into the number of duly authorized, fully paid and nonassessable shares of Common Stock at the Conversion Rate, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on September 27August 16, 20122013.

Appears in 1 contract

Samples: Indenture (Cv Therapeutics Inc)

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Conversion Right and Conversion Rate. (a) Subject to and upon 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 $1,000 or an integral a multiple of $1,000 may be converted at the principal amount thereof, or of such portion thereof, into the number of duly authorized, fully paid and nonassessable shares of Common Stock Ordinary Shares at the Conversion Rate, determined as hereinafter provided, Rate in effect at the time of conversion. Such conversion right shall expire at the close of business on September 27, 2012.

Appears in 1 contract

Samples: Senior Indenture (M-Systems Flash Disk Pioneers LTD)

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