Conversion Rights Generally. Upon compliance with the provisions of this Article 14, 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 $1.00 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 2.1939631 shares of Common Stock (subject to adjustment by the Company as provided in Section 14.04) per $1.00 principal amount of the Notes (the “Conversion Obligation”).
Appears in 2 contracts
Sources: Indenture (A. M. Castle & Co.), Indenture (Total Plastics, Inc.)
Conversion Rights Generally. Upon compliance with the provisions of this Article 14, 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 $1.00 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 2.1939631 0.2654 shares of Common Stock (subject to adjustment by the Company as provided in Section 14.04) per $1.00 principal amount of the Notes (the “Conversion Obligation”).
Appears in 1 contract
Sources: Indenture (Castle a M & Co)