Common use of Outstanding Convertible Notes Clause in Contracts

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.

Appears in 4 contracts

Samples: Indenture (LTX-Credence Corp), Indenture (LTX-Credence Corp), LTX-Credence Corp

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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, cancellation those paid pursuant to Section 2.07 hereof 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 Additional Interest, 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.

Appears in 1 contract

Samples: Indenture (Vion Pharmaceuticals Inc)

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 protected purchaser. If Convertible Notes are considered paid under Section 4.01 or converted under Article XII12, they cease to be outstanding, outstanding and interest (and Additional Interest, 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.

Appears in 1 contract

Samples: Indenture (Nortel Networks Corp)

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 2.072.7, 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 purchased under Articles 4 or 5, paid under Section 4.01 7.1 or converted under Article XII14, they cease to be outstanding, and interest (including Contingent Interest, if any) and Liquidated Damages, if any, on them ceases to accrue. Subject to Section 2.09 2.9 hereof, a Convertible Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Convertible Note.

Appears in 1 contract

Samples: Gatx Corp

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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 2.072.08, 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 3.01 or converted under Article XIIXI, they cease to be outstanding, and interest on them ceases to accrue. Subject to Section 2.09 2.10 hereof, a Convertible Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Convertible Note.

Appears in 1 contract

Samples: Navistar International Corp

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