Common use of Temporary Convertible Notes Clause in Contracts

Temporary Convertible Notes. Pending the preparation of definitive Convertible Notes, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Convertible Notes which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Convertible Notes in lieu of which they are issued and with such appropriate insertion, omissions, substitutions and other variations as the officers executing such Convertible Notes may determine, as evidenced by their execution of such Convertible Notes. If temporary Convertible Notes are issued, the Company will cause definitive Convertible Notes to be prepared without unreasonable delay. After the preparation of definitive Convertible Notes, the temporary Convertible Notes shall be exchangeable for definitive Convertible Notes upon surrender of the temporary Convertible Notes at any office or agency of the Company designated pursuant to Section 1002, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Convertible Notes the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Convertible Notes of authorized denominations. Until so exchanged the temporary Convertible Notes shall in all respects be entitled to the same benefits under this Indenture as definitive Convertible Notes.