Outstanding Convertible Notes Sample Clauses
The Outstanding Convertible Notes clause defines the treatment and status of any convertible notes that remain unpaid or unconverted at a specific point in time, typically during a financing event or company transaction. This clause outlines how these notes will be handled, such as whether they will convert into equity, be repaid, or receive special terms, and may specify the conversion price or trigger events. Its core practical function is to ensure clarity and predictability for both the company and noteholders regarding the disposition of outstanding convertible debt, thereby preventing disputes and facilitating smooth financial transactions.
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Outstanding Convertible Notes. The Convertible Notes outstanding at any time are all the Convertible Notes properly authenticated by the Trustee except for those canceled by the Trustee, those delivered to it for cancellation, and those described in this Section 2.08 as not outstanding. If a Convertible Note is replaced pursuant to Section 2.07, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Convertible Note is held by a bona fide purchaser. If Convertible Notes are considered paid under Section 4.01 or converted under Article XII, they cease to be outstanding, and interest on them ceases to accrue. Subject to Section 2.09 hereof, a Convertible Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Convertible Note.
Outstanding Convertible Notes. (a) Convertible Notes outstanding at any time are all the Convertible Notes issued by the Company except for those converted, those cancelled by it, those delivered to it for cancellation and those described in this Section as not outstanding.
(b) If a Convertible Note is replaced pursuant to Section 2.08, it ceases to be outstanding.
(c) If the Paying Agent (other than the Company) holds on a date fixed for the redemption of the Convertible Notes (the “Redemption Date”) or the Maturity Date money sufficient to pay Convertible Notes payable on that date, then (unless the Paying Agent does not make pay the Convertible Note or accrued and unpaid interest within five days of presentation of the Convertible Note) on and after that date, such Convertible Notes shall be deemed to be no longer outstanding and interest on them shall cease to accrue.
Outstanding Convertible Notes. Convertible Notes outstanding ----------------------------- at any time are all Convertible Notes authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation and those described in this Section 2.08 as not outstanding. A Convertible Note does not cease to be outstanding because the Company or an Affiliate of the Company holds such Convertible Note. If a Convertible Note is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless the Trustee and the Company receive proof satisfactory to them that such replaced Convertible Note is held by a bona fide purchaser. If the Paying Agent (other than the Company, a Guarantor or an Affiliate of the Company or Guarantor) accrues interest or segregates and holds in trust, in accordance with this Indenture, on a Redemption Date or Maturity date money sufficient to pay all principal, premium, if any, and interest (including Special Interest, if any) payable on that date with respect to the Convertible Notes (or portions thereof) to be redeemed or maturing, as the case may be, then on and after that date such Convertible Notes (or such portions thereof) shall cease to be outstanding and interest on them shall cease to accrete in value or accrue interest, as the case may be. In determining whether the Holders of the required principal amount of Convertible Notes have concurred in any direction, waiver or consent or any amendment, modification or other change to this Indenture, Convertible Notes held or beneficially owned by the Company or a Restricted Subsidiary of the Company or by an Affiliate of the Company or a Restricted Subsidiary of the Company or by agents of any of the foregoing shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent or any amendment, modification or other change to this Indenture, only Convertible Notes which a Trust Officer has actual knowledge to be so owned shall be so disregarded. Convertible Notes so owned which have been pledged in good faith shall not be disregarded if the pledgee establishes to the satisfaction of the Trustee such pledgee's right so to act with respect to the Convertible Notes and that the pledgee is not the Company or an Affiliate of the Company or any of their agents.
Outstanding Convertible Notes. The Convertible Notes outstanding at any time are all the Convertible Notes properly authenticated by the Trustee except for those canceled by the Trustee, those delivered to it for cancellation, and those described in this Section 2.08 as not outstanding. If a Convertible Note is replaced pursuant to Section 2.07, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Convertible Note is held by a bona fide purchaser. If Convertible Notes are considered paid under Section 4.01 or converted under Article XII, they cease to be outstanding, and interest (and Liquidated Damages, if any) on them ceases to accrue. Subject to Section 2.09 hereof, a Convertible Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Convertible Note.
Outstanding Convertible Notes. The Company represents to Investor that currently there are no currently outstanding Convertible Notes of the Company.
Outstanding Convertible Notes. 13 SECTION 2.9 When Convertible Notes Owned by the Company or an Affiliate are Disregarded ...............................13