Conversion Rights Generally Clause Samples

Conversion Rights Generally. Upon compliance with the provisions of this Article 10, a Holder will have the right, at such Holder’s option, to convert all or any portion (if the portion to be converted is $1,000 principal amount or an integral multiple of $1,000 in excess thereof) of its Notes at any time prior to the Close of Business on the Scheduled Trading Day immediately preceding the Maturity Date, at a rate (the “Conversion Rate”) of 444.4444 shares of Common Stock (subject to adjustment by the Company as provided in Section 10.04) per $1,000 principal amount of the Notes (the “Conversion Obligation”). If Notes are subject to Optional Redemption in accordance with Article XII, Holders shall have the right to convert any Notes to be redeemed at any time prior to the third Trading Day immediately preceding the relevant Redemption Date (unless the Company shall fail to complete the Optional Redemption of such Notes in accordance with Article XII, in which case the Holders’ right to convert their Notes shall be unaffected by such Optional Redemption).