Common use of Conversion upon Redemption Clause in Contracts

Conversion upon Redemption. If the Company calls all or any Notes for Redemption, then the Holder of any Note called for Redemption may convert such Note at any time before the Close of Business on the second (2nd) Business Day immediately before the related Redemption Date (or, if the Company fails to pay the Redemption Price due on such Redemption Date in full, at any time until such time as the Company pays such Redemption Price in full). After that time, the right to convert such Notes on account of the Company’s delivery of the Notice of Redemption will expire.

Appears in 2 contracts

Samples: Indenture (Bentley Systems Inc), Indenture (Bentley Systems Inc)

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Conversion upon Redemption. If the Company calls any or all or any Notes for Redemption, then the Holder of any such Note may convert such Note called for Redemption may convert such Note at any time before the Close of Business on the second (2nd) Business Day immediately before the related Redemption Date (or, if the Company fails to pay the Redemption Price due on such Redemption Date in full, at any time until such time as the Company pays such Redemption Price in full). After that time, the right to convert such Notes on account of the Company’s delivery of the Notice of Redemption will expire.

Appears in 1 contract

Samples: Indenture (Vroom, Inc.)

Conversion upon Redemption. If the Company calls all or any portion of the Notes for Redemption, then the Holder of any Note called for Redemption may convert such Note at any time before the Close of Business on the second (2nd) Business Day immediately before the related Redemption Date (or, if the Company fails to pay the Redemption Price due on such Redemption Date in full, at any time until such time as the Company pays such Redemption Price in full). After that time, the right to convert such Notes on account of the Company’s delivery of the Notice of Redemption will expire.

Appears in 1 contract

Samples: Indenture (PetIQ, Inc.)

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Conversion upon Redemption. If the Company calls all or any Notes Note for Redemption, then the Holder of any such Note called for Redemption may convert such Note at any time before from the date the Company delivers the Redemption Notice until the Close of Business on the second (2nd) Business Day immediately before the related Redemption Date (or, if the Company fails to pay the Redemption Price due on such Redemption Date in full, at any time until such time as the Company pays such Redemption Price in full). After that time, the right to convert such Notes on account of the Company’s delivery of the Notice of Redemption will expire.

Appears in 1 contract

Samples: Indenture (SmileDirectClub, Inc.)

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