Common use of Conversion Upon Certain Distributions Clause in Contracts

Conversion Upon Certain Distributions. If the Company takes any action, or becomes aware of any event, that would require an adjustment to the Conversion Rate pursuant to Sections 8.06(b), 8.06(c), 8.06(d) (other than by reason of the distribution of Regular Quarterly Cash Dividends) or 8.06(e) hereof, the Securities may, prior to the Maturity Date or earlier Redemption, Purchase at Holder’s Option or Repurchase Upon Fundamental Change, be surrendered for conversion into cash and, if applicable, shares of Common Stock beginning on the date the Company mails the notice to the Holders as provided in Section 8.11 hereof (or, if earlier, the date the Company is required to mail such notice) and at any time thereafter until the close of business on the Business Day immediately preceding the Ex Date (as defined in Section 8.06(g) hereof) of the applicable transaction or until the Company announces that such transaction will not take place.

Appears in 3 contracts

Samples: Health Care Reit Inc /De/, Health Care Reit Inc /De/, Health Care Reit Inc /De/

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Conversion Upon Certain Distributions. If the Company takes any action, or becomes aware of any event, that would require an adjustment to the Conversion Rate pursuant to Sections 8.06(b10.05(b), 8.06(c10.05(c), 8.06(d) (other than by reason of the distribution of Regular Quarterly Cash Dividends10.05(d) or 8.06(e) hereof10.05(e), the Securities may, prior to the Maturity Date November 15, 2025 or earlier Redemptionredemption, Purchase at Holder’s Option repurchase on a Repurchase Date or Repurchase Upon Fundamental Change, be surrendered for conversion into cash and, if applicable, shares of Common Stock Stock, cash or a combination thereof, at the Company’s election as set forth in Section 10.02, beginning on the date the Company mails the notice to the Holders as provided in Section 8.11 hereof 10.10 (or, if earlier, the date the Company is required to mail such notice) and at any time thereafter until the close of business on the Business Day immediately preceding the Ex Date (or Expiration Date, as defined in Section 8.06(g) hereof) the case may be, of the applicable transaction or until the Company announces that such transaction will not take place.

Appears in 1 contract

Samples: Arris Group Inc

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