Temporary Convertible Notes. Pending the preparation of --------------------------- definitive Convertible Notes, the Company may execute, and the Trustee shall authenticate, temporary notes ("Temporary Convertible Notes") which are printed, lithographed, or otherwise produced, substantially of the tenor of the definitive Convertible Notes in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations. If Temporary Convertible Notes are issued, the Company shall 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 to the Trustee, without charge to the Holder. Until so exchanged, Temporary Convertible Notes will evidence the same debt and will be entitled to the same benefits under this Indenture as the definitive Convertible Notes in lieu of which they have been issued.
Appears in 1 contract
Sources: Indenture (United Usn Inc)
Temporary Convertible Notes. Pending the preparation of --------------------------- definitive Convertible Notes, the Company may execute, and the Trustee shall authenticate, temporary notes ("Temporary Convertible Notes") which are printed, lithographed, or otherwise produced, substantially of the tenor of the definitive Convertible Notes in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations. If Temporary Convertible Notes are issued, the Company shall 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 to the Trustee, without charge to the Holder. Until so exchanged, Temporary Convertible Notes will evidence the same debt and will be entitled to the same benefits under this Indenture as the definitive Convertible Notes in lieu of which they have been issued.
Appears in 1 contract
Sources: Indenture (Usn Communications Inc)