Conversion of Debentures. Section 16.01.
Conversion of Debentures. 21 Section 4.1
Conversion of Debentures. 66 Section 13.1
Conversion of Debentures. SECTION 12.01.
Conversion of Debentures. SECTION 5.01. Subject to and upon compliance with the provisions of this Article Five, the Series 6% Debentures are convertible at the option of the Holder, at any time through the close of business on May 14, 2008 (or, in the case of Series 6% Debentures called for redemption, the close of business on the Business Day prior to the corresponding redemption date) into fully paid and nonassessable shares of Common Stock of the Company at an initial conversion rate of 1.0811 shares of Common Stock for each $50 in aggregate principal amount of Series 6% Debentures (equal to a conversion price (as adjusted from time to time, the "Conversion Price") of $46.25 per share of Common Stock), subject to adjustment as described in this Article Five, provided that no adjustment shall be made in accordance with the provisions of this Section 5 for the stock dividend payable on June 1, 2000. A Holder of Series 6% Debentures may convert any portion of the principal amount of the Series 6% Debentures into that number of fully paid and nonassessable shares of Common Stock obtained by dividing the principal amount of the Series 6% Debentures to be converted by such conversion price. All calculations under this Article Five shall be made to the nearest cent or to the nearest 1/10,000th of a share, as the case may be.
Conversion of Debentures. Each $1,000 principal amount of this Debenture is convertible, at the option of the holder hereof at any time prior to 5:00 p.m. New York time on the Business Day prior to the Maturity Date or the date fixed for redemption (the "EXPIRY DATE") and from time to time, for that number of common shares in the capital of the Corporation ("COMMON SHARES") determined by dividing $1,000 by $3.25 (the "CONVERSION PRICE"), subject to adjustment as described below.
Conversion of Debentures. 65 Section 13.1 Conversion Rights............................................................65 Section 13.2 Conversion Procedures........................................................65 Section 13.3 Expiration of Conversion Rights..............................................68 Section 13.4
Conversion of Debentures. (a) As provided in paragraph 4 of the Debentures, Purchaser may give Notice of Conversion of the Debentures to PSI by facsimile to the number set forth in Section 10 below. Conversion of Debentures may take place at any time until the Maturity Date of the Debentures, as defined in the Debentures. As provided in paragraph 4 of the Debentures, within 10 business days of receipt of a Notice of Conversion, PSI shall deliver to the Purchaser giving such notice, or to an account designated by such Purchaser in the Notice of Conversion, certificates representing the shares of common stock to which the Purchaser shall be entitled by reason of the conversion ("CERTIFICATES"). Notwithstanding anything to the contrary contained in paragraph 4 of the Debentures, PSI may demand, in writing, that the Purchaser pay outstanding principal amounts of the Debentures ("DEMAND") even though Purchasers have not convened all or any amount of the Debentures into shares of common stock, as provided in subsections (A) and (B) below. The Demand is a provision for payment of the Debenture only. Conversions of the Debentures into shares of common stock shall be done in accordance with paragraph 4 of the Debentures, and may be in an amount which is no less than $10,000 but not necessarily as much as the Demand. However, a Demand may only be made in aggregate increments of $100,000, commencing 20 business days from the Closing Date of the purchase of the Debentures, as set forth in the Agreement, each Demand being no less than 20 business days from the last Demand, and provided that the closing bid price of PSI's common stock for the previous 5 consecutive trading days has nor fallen below $.05 per share. On any single trading day, Purchaser may sell in the aggregate common stock equal to the greater of (i) 10% of the total trading volume of PSI's common stock at any time during a day when PSI's common stock trades or (ii) 6,000 shares of common stock (either (i) or (ii) being "MAXIMUM SALES"). However, in the event that Purchaser does not accomplish Maximum Sales on any trading day, the difference between the Maximum Sales and the dollar amount of sales actually done shall cumulate ("CUMULATIVE SALES") and Purchaser may accomplish the Cumulative Sales on any other trading day even if the Maximum Sales have been done on such day.
Conversion of Debentures. 29 6.1 Applicability of Article 29 6.2 Notice of Expiry of Conversion Privilege 29 6.3 Revival of Right to Convert 29 6.4 Manner of Exercise of Right to Convert 29 6.5 Adjustment of Conversion Price 31 6.6 No Requirement to Issue Fractional Common Shares 35 6.7 Corporation to Reserve Common Shares 35 6.8 Cancellation of Converted Debentures 35 6.9 Certificate as to Adjustment 36 6.10 Notice of Special Matters 36 6.11 Protection of Trustee 36
Conversion of Debentures. Section 6.1 Applicability of Article Any Debentures issued hereunder of any series which by their terms are convertible (subject, however, to any applicable restriction of the conversion of Debentures of such series) will be convertible into Shares or other securities, at such conversion rate or rates, and on such date or dates and in accordance with such other provisions as shall have been determined at the time of issue of such Debentures and shall have been expressed in this Indenture, in such Debentures, in an Officer’s Certificate, or in a supplemental indenture authorizing or providing for the issue thereof. Such right of conversion shall extend only to the maximum number of whole Shares into which the aggregate principal amount of the Debenture or Debentures surrendered for conversion at any one time by the holder thereof may be converted. Fractional interests in Shares shall be adjusted for in the manner provided in Section 6.4.
