Common use of Exercise of Conversion Privilege Clause in Contracts

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 7 contracts

Samples: Indenture (Forest City Enterprises Inc), Indenture (Forest City Enterprises Inc), Forest City Enterprises Inc

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Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations procedures as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 7 contracts

Samples: Indenture (Penn Virginia Oil & Gas, L.P.), Indenture (Penn Virginia Oil & Gas, L.P.), Indenture (Penn Virginia Oil & Gas, L.P.)

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder holder of a Security of a series with such a privilege this Note shall surrender such Security present it to the Company at the office or agency maintained for that purpose pursuant to Section 1002of the Company, accompanied by a duly executed conversion written notice to the Company substantially in (with copies to the form set forth in Section 206 stating holders of any other Notes) that the Holder holder elects to convert such Security or a specified this Note, or, if less than the entire unpaid principal amount hereof and interest thereon is to be converted, the portion thereofhereof to be converted. Such notice shall also state, if different from the name and address of such Holder, state the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly soon as practicable after the receipt of such notice and the presentation of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribethis Note, the Company shall issue and shall deliver, at deliver to the office or agency at which such Security is surrendered, to such Holder or on its written order, holder of this Note a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security this Note (or specified portion thereofhereof), in accordance with the provisions and provision shall be made for any fraction of such Board Resolution, Officers' Certificate or supplemental indenture, and cash a share as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversionSection 5.3 hereof. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security this Note shall have been surrendered presented as aforesaid (unless such Holder shall have so surrendered such Security aforesaid, and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to at the close of business on Conversion Price in effect at such date) time, and at such time the rights of the Holder holder of such Security this Note as such Security Holder holder shall cease (to the extent this Note is so converted) and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares represented thereby. Except as set forth above Upon conversion of less than all of the unpaid principal amount and subject to the final paragraph interest of Section 307this Note, no payment or adjustment appropriate notation shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock this Note of the Company issued upon principal amount and/or interest so converted, and this Note shall be retained by the holder following such conversionnotation. In Upon conversion of the case balance of any Security which is converted in part onlythe principal amount and interest of this Note, upon such conversion the Company this Note shall execute be deemed cancelled and the Trustee holder shall authenticate and deliver surrender this Note to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 6 contracts

Samples: Airnet Communications Corp, Airnet Communications Corp, Airnet Communications Corp

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this Debenture may be exercised on any Business Day by the Company or the Holder of a Security of a series with such a privilege shall surrender such Security by telecopying an executed and completed Conversion Notice to the Holder (the “Conversion Date”). The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or event not more indentures supplemental hereto setting forth the terms than five(5) Business Days after either party’s delivery of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolution, Officers' Certificate or supplemental indentureconversion, and cash cash, as provided therein in respect Section 3.3, as applicable, representing the amount of any fractional share accrued and unpaid interest on this Debenture as of such Common Stock otherwise issuable upon such conversionthe Conversion Date. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 5 contracts

Samples: Convertible Debenture (Silverstar Mining Corp.), Convertible Debenture (Silverstar Mining Corp.), Convertible Debenture (Silverstar Mining Corp.)

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 100210.2, accompanied by a duly executed conversion notice to the Company substantially in the form set forth in Section 206 2.6 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock Stock, which shall be issuable on such conversion conversion, shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during the period beginning at the close of business on a Regular Record Date and ending at the opening of business on the first Business Day after the next succeeding Interest Payment Date, or if such periodInterest Payment Date is not a Business Day, the second such Business Day) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 3.7 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 3033.3, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 3073.7, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 4 contracts

Samples: Indenture (B. Riley Financial, Inc.), Indenture (B. Riley Financial, Inc.), Indenture (B. Riley Financial, Inc.)

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this Debenture may be exercised on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than two (2) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company's receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier, or if a Registration Statement covering the Common Stock has been declared effective by the SEC cause to be electronically transferred, to Holder (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion, Officers' Certificate or supplemental indenture(y) cash, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversionconversion and (z) cash or shares of Common Stock, as applicable, representing the amount of accrued and unpaid interest on this Debenture as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 4 contracts

Samples: World Am, Inc., RMD Technologies, Inc., RMD Technologies, Inc.

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this Debenture may be exercised on any Business Day by the Company or the Holder of a Security of a series with such a privilege shall surrender such Security by telecopying an executed and completed Conversion Notice to the Holder (the “Conversion Date”). The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or event not more indentures supplemental hereto setting forth the terms than five(5) Business Days after either party’s delivery of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolution, Officers' Certificate or supplemental indentureconversion, and cash cash, as provided therein in respect Section 3.3, as applicable, representing the amount of any fractional share accrued and unpaid interest on this Debenture as of such Common Stock otherwise issuable upon such conversionthe Conversion Date if paid in cash. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 4 contracts

Samples: Purchase and Share Exchange Agreement (Catalyst Group Holdings Corp.), Purchase and Share Exchange Agreement (Catalyst Group Holdings Corp.), Purchase and Share Exchange Agreement (Catalyst Group Holdings Corp.)

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 100210.2, accompanied by a duly executed conversion notice to the Company substantially in the form set forth in Section 206 2.6 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during the period beginning at the close of business on a Regular Record Date and ending at the opening of business on the first Business Day after the next succeeding Interest Payment Date, or if such periodInterest Payment Date is not a Business Day, the second such Business Day) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 3.7 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 3033.3, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 3073.7, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 4 contracts

Samples: Black Hills Holding Corp, Black Hills Holding Corp, Waddell & Reed Capital Trust I

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations procedures as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 4 contracts

Samples: Subordinated Indenture (Stone Energy Corp), Senior Indenture (Stone Energy Corp), Nabors Industries Inc

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 100210.2, accompanied by a duly executed conversion notice to the Company substantially in the form set forth in Section 206 2.6 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock Stock, which shall be issuable on such conversion conversion, shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during the period beginning at the close of business on a Regular Record Date and ending at the opening of business on the first Business Day after the next succeeding Interest Payment Date, or if such periodInterest Payment Date is not a Business Day, the second such Business Day) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 3.7 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 3033.3, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 3073.7, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 4 contracts

Samples: Northfield Laboratories Inc /De/, Cell Genesys Inc, Cell Genesys Inc

Exercise of Conversion Privilege. In order to exercise a conversion or exchange privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert or exchange such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate Securities are registered, the name or certificates names in which the securities or property (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for shares a primary offering of Common Stock its securities) of the Company which shall be issuable on such conversion or exchange shall be issued. Securities surrendered for conversion or exchange shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) exchange during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion or exchange of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, securities or property (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for a certificate primary offering of its securities) of the Company issuable or certificates for the number of full shares of Common Stock issuable deliverable upon the conversion or exchange of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversionconversion or exchange. Such conversion or exchange shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion or exchange by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion or exchange on a particular date following such surrender and such Holder shall be entitled to convert or exchange such Security on such date, in which case such conversion or exchange shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate securities or certificates property (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for shares a primary offering of Common Stock its securities) of the Company shall be issuable or deliverable upon such conversion or exchange shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion or exchange on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or exchange or on account of any interest or dividends on the Common Stock securities or property (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for a primary offering of its securities) of the Company issued or delivered upon such conversionconversion or exchange. In the case of any Security which is converted or exchanged in part only, upon such conversion or exchange the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted or unexchanged portion of such Security.

Appears in 4 contracts

Samples: Reconciliation And (Provident Companies Inc /De/), Reconciliation And (Provident Companies Inc /De/), Provident Companies Inc /De/

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 100210.2, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 3.7 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 3033.1, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall shal issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 3073.7, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 3 contracts

Samples: United States Surgical Corp, United States Surgical Corp, United States Surgical Corp

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (i) Conversion of this Debenture may be exercised on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than two (2) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company’s receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (a) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (b) cause to be mailed for delivery by overnight courier (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion and (y) cash, Officers' Certificate or supplemental indenture, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Mphase Technologies Inc), CSMG Technologies, Inc., Tidelands Oil & Gas Corp/Wa

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security Debenture of a any series with such a privilege shall surrender such Security Debenture to the Company at the office or agency maintained for that purpose pursuant to Section 100210.2, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert such Security Debenture or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities Debentures of such series surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities and, if expressly specified, as contemplated by Section 3.1, to be applicable to any series of Debentures, Debentures of such series so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities Debentures or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security Debenture then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such SecurityDebenture, subject to the provisions of Section 307 3.7 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 3033.1, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, the Debentures and the surrender of such Security Debentures in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security Debenture is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security Debenture (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business busi- ness on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security Debenture shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security Debenture and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security Debenture on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security Debenture as such Security Debenture Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 3073.7, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) Debentures of such series surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Debenture of any series which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver make available for delivery to or on the order of the Holder thereof, at the expense of the Company, a new Security Debenture or Securities Debentures of the same such series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such SecurityDebenture.

Appears in 3 contracts

Samples: Sun Healthcare Group Inc, Sun Healthcare Group Inc, Sun Healthcare Group Inc

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this Debenture may be exercised on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than three (3) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company's receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier, or if a Registration Statement covering the Common Stock has been declared effective by the SEC cause to be electronically transferred, to Holder (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion, Officers' Certificate or supplemental indenture(y) cash, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversionconversion and (z) cash or shares of Common Stock, as applicable, representing the amount of accrued and unpaid interest on this Debenture as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 3 contracts

Samples: Odyssey Pictures Corp, One Voice Technologies Inc, Radix Marine Inc

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this Debenture may be exercised on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) of the persons who are to become the holders of the Common Stock Issued at Conversion in connection with such conversion. The Holder shall deliver this Debenture by express courier within thirty (30) days following the date on which the certificate or certificates telecopied Conversion Notice has been transmitted to the Company. Upon surrender for shares of Common Stock which conversion, this Xxxxxxxxx shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required accompanied by a proper assignment hereof to the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyblank. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than three (3) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company’s receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier, or if a Registration Statement covering the Common Stock has been declared effective by the SEC cause to be electronically transferred, to Holder (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion, Officers' Certificate or supplemental indenture(y) cash, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversionconversion and (z) cash or shares of Common Stock, as applicable, representing the amount of accrued and unpaid interest on this Debenture as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 3 contracts

Samples: Diatect International Corp, Magic Media Networks Inc, Direct Response Financial Services Inc

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Security of a series with such a privilege shall surrender such Security Security, duly endorsed or assigned to the Company or in blank, at the any office or agency of the Company maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth provided in Section 206 stating the Security (or such other notice as is acceptable to the Company) at such office or agency that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also stateor, if different from less than the name and address entire principal amount thereof is to be converted, the portion thereof to be converted. Securities shall be deemed to have been converted immediately prior to the Close of Business on the day (the "Conversion Date") of surrender of such HolderSecurities for conversion in accordance with the foregoing provisions, and at such time the name rights of the Holders of such Securities as Holders shall cease, and the Person or names (with address) in which Persons entitled to receive the certificate or certificates for shares of Common Stock which shall be issuable on such upon conversion shall be issued. Securities surrendered treated for conversion shall (if so required by all purposes as the Company record holder or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount holders of such Security then being converted, Common Stock as and after such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companytime. As promptly as practicable on or after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Date, the Company shall issue and shall deliver, deliver at the any office or agency at which such Security is surrendered, of the Company maintained pursuant to such Holder or on its written order, Section 1002 a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion conversion, together with payment in lieu of such Security (or specified portion thereof)any fraction of a share, in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect Section 1303. The shares of any fractional share of such Common Stock otherwise issuable issued upon such conversion. Such conversion shall be deemed to have been effected immediately prior subject to the close restrictions on transfer set forth in the Investors' Rights Agreement and the certificates for the shares of business on Common Stock shall bear the date on which such notice and such payment, if required, shall have been received in proper order for conversion transfer restriction legend required by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed Investors' Rights Agreement. If the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed shares of Common Stock to be effected immediately prior issued upon conversion of a Security are to the close of business on such date) and at such time the rights be registered in a name other than that of the Holder of such Security as such Security Holder shall cease and Security, then the person or persons Person in whose name or names any certificate or certificates for such shares of Common Stock are to be registered must deliver the opinion of counsel and certificate required by Section 314 hereof. Neither the Trustee nor any conversion agent or the Registrar shall be required to register in a name other than that of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the Security being converted, the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made Common Stock issued upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversionSecurity not so accompanied by such opinion and certificate. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, denominations in aggregate principal amount equal to the unconverted portion of the principal amount of such Security.

Appears in 3 contracts

Samples: Building One Services Corp, Building One Services Corp, Boss Investment LLC

Exercise of Conversion Privilege. In order to exercise a conversion or exchange privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert or exchange such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate Securities are registered, the name or certificates names in which the securities or property (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for shares a primary offering of Common Stock its securities) of the Company which shall be issuable on such conversion or exchange shall be issued. Securities surrendered for conversion or exchange shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) exchange during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion or exchange of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, securities or property (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for a certificate primary offering of its securities) of the Company issuable or certificates for the number of full shares of Common Stock issuable deliverable upon the conversion or exchange of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock common stock otherwise issuable upon such conversionconversion or exchange. Such conversion or exchange shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion or exchange by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion or exchange on a particular date following such surrender and such Holder shall be entitled to convert or exchange such Security on such date, in which case such conversion or exchange shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate securities or certificates property (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for shares a primary offering of Common Stock its securities) of the Company shall be issuable or deliverable upon such conversion or exchange shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion or exchange on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or exchange or on account of any interest or dividends on the Common Stock securities or property (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for a primary offering of its securities) of the Company issued or delivered upon such conversionconversion or exchange. In the case of any Security which is converted or exchanged in part only, upon such conversion or exchange the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted or unexchanged portion of such Security.

Appears in 3 contracts

Samples: Union Planters Corp, Unumprovident Financing Trust Iii, Unumprovident Financing Trust Iii

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 100210.2, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 3.7 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 3033.3, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 3073.7, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 3 contracts

Samples: Indenture (International Paper Co /New/), International Paper Capital Trust Iii, International Paper Capital Trust Iii

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 100210.2, accompanied by a duly executed conversion notice to the Company substantially in the form set forth in Section 206 2.4 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during the period beginning at the close of business on a Regular Record Date and ending at the opening of business on the first Business Day after the next succeeding Interest Payment Date, or if such periodInterest Payment Date is not a Business Day, the second such Business Day) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 3.7 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 3033.3, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 3073.7, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 3 contracts

Samples: Black Hills Corp /Sd/, Waddell & Reed Financial Inc, Black Hills Corp /Sd/

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 100210.02, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock Stock, or the other securities or property of the Company, as applicable, which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 3.07 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 3033.03, set forth, or determined in the manner provided, in an Officers' Certificate, Certificate or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock Stock, or the other securities or property of the Company, as applicable, which shall be issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock or other securities or property of the Company, as applicable, otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company Company, or any securities or other property of the Company, as applicable, shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the such shares represented therebyor other securities or property. Except as set forth above and subject to the final paragraph of Section 3073.07, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock Stock, or with respect to other securities or property of the Company Company, as applicable, issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 3 contracts

Samples: Senior Indenture (Bowater Inc), Bowater Inc, Bowater Inc

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the (a) Before any Holder of a Security Note shall be entitled to convert the same as set forth above, such Holder shall (i) in the case of a series with Global Note, transfer such a privilege shall surrender such Security Note to the Company Conversion Agent through the facilities of the Depository and comply with the applicable conversion procedures of the Depository in effect at that time and, if required, pay funds equal to interest payable on the office or agency maintained for that purpose pursuant next Interest Payment Date to Section 1002, accompanied by a duly executed conversion notice to the Company substantially in the form which such Holder is not entitled as set forth in Section 206 stating that 14.04(d) and, if required, pay all taxes or duties, if any, as set forth in Section 14.09 and (ii) in the Holder elects case of a Physical Note, (A) complete and manually sign and deliver an irrevocable written notice to convert such Security the Conversion Agent in the Form of Notice of Conversion set forth in Exhibit A hereto (or a specified portion facsimile thereof. Such notice ) (a “Conversion Notice”) at the office of the Conversion Agent and shall also state, if different from state in writing therein the name principal amount of Notes to be converted and address of such Holder, the name or names (with addressaddresses) in which such Holder wishes the certificate or certificates for any shares of Common Stock, if any, to be delivered upon settlement of the conversion obligation to be registered, (B) surrender such Note, duly endorsed to the Company or in blank (and accompanied by appropriate endorsement and transfer documents), at the office of the Conversion Agent, (C) if required, pay all transfer or similar taxes, if any, as set forth in Section 14.09 and (D) if required, pay funds equal to interest payable on the next Interest Payment Date to which such Holder is not entitled as set forth in Section 14.04(d). The Company shall pay any documentary, stamp or similar issue or transfer tax on the issuance of any shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the upon conversion of the Notes, unless the tax is due because the Holder requests such Security, subject shares to be issued in a name other than the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner providedHolder’s name, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth which case the terms of such series of Security, and Holder shall pay the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversiontax. Such conversion A Note shall be deemed to have been effected immediately converted on the date (the “Conversion Date”) that the Holder has complied with the requirements set forth in this Section 14.03. If the Holder of a Note has submitted such Note for purchase upon a Fundamental Change, such Holder may only convert such Note if it validly withdraws its Fundamental Change Purchase Notice prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such dateFundamental Change Expiration Time, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of accordance with Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security15.02(c).

Appears in 2 contracts

Samples: Indenture (Envestnet, Inc.), Indenture (Envestnet, Inc.)

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company and Maxtor substantially in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Quantum Common Stock and Maxtor Common Stock, as the case may be, which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company Company, Maxtor or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company Company, Maxtor and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during the period beginning at the close of business on a Regular Record Date and ending at the opening of business on the first Business Day after the next succeeding Interest Payment Date, or if such periodInterest Payment Date is not a Business Day, the second such Business Day) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company and Maxtor shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of the respective Quantum Common Stock and Maxtor Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Quantum Common Stock or Maxtor Common Stock, as the case may be, otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and Maxtor and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company and Maxtor to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person Person or persons Persons in whose name or names any certificate or certificates for shares of Quantum Common Stock of the Company and Maxtor Common Stock shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Quantum Common Stock of the Company or Maxtor Common Stock issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 2 contracts

Samples: Reimbursement Agreement (Maxtor Corp), Quantum Corp /De/

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Security of a series with such a privilege to be converted shall surrender such Security Security, duly endorsed or assigned to the Company or in blank, at the any office or agency of the Company maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion written notice to the Company (which shall be substantially in the form set forth in Section 206 stating 203) at such office or agency or, if applicable, by notice in accordance with the procedure of the Depositary that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also stateor, if different from less than the name and address of such Holderentire principal amount thereof is to be converted, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall portion thereof to be issuable on such conversion shall be issuedconverted. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date next preceding any Interest Payment Date to the opening of business on the next succeeding such Interest Payment Date shall (excluding except in the case of Securities or portions thereof which have been called for redemption during on a Redemption Date within such period) shall also be accompanied by payment in New York Clearing House funds or other funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then Securities being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner surrendered for conversion; provided, in however, that a Security surrendered for conversion on an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, Interest Payment Date need not be accompanied by a payment and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business interest on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by principal amount of the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall being converted will be entitled to convert such Security paid on such date, in which case such conversion shall be deemed Interest Payment Date to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and on the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented therebyimmediately preceding Record Date. Except as set forth above provided in the Securities and subject to the final last paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock issued upon conversion. Securities shall be deemed to have been converted immediately prior to the close of business on the day of surrender of such Securities for conversion in accordance with the foregoing provisions, and at such time the rights of the Holders of such Securities as Holders shall cease, and the Person or Persons entitled to receive the shares of Common Stock issuable upon conversion shall be treated for all purposes as the record holder or holders of such shares of Common Stock at such time. As promptly as practicable on or after the conversion date, the Company issued shall issue and shall deliver at such office or agency a certificate or certificates for the number of full shares of Common Stock issuable upon such conversion, together with payment in lieu of any fraction of a share, as provided in Section 1403. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, denominations in aggregate principal amount equal to the unconverted portion of the principal amount of such Security.

Appears in 2 contracts

Samples: Capstone Capital Corp, Healthcare Realty Trust Inc

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a any series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities of such series surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and and, if expressly specified, as contemplated by Section 301, to be applicable to any series of Securities, Securities of such series so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303301, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, the Securities and the surrender of such Security Securities in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 3073.7, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) of such series surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security of any series which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver make available for delivery to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same such series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 2 contracts

Samples: Indenture (Wendys International Inc), Nuevo Energy Co

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during the period -55- 63 beginning at the close of business on a Regular Record Date and ending at the opening of business on the first Business Day after the next succeeding Interest Payment Date, or if such periodInterest Payment Date is not a Business Day, the second such Business Day) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 2 contracts

Samples: Read Rite Corp /De/, Read Rite Corp /De/

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this Debenture may be exercised on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than two (2) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company’s receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion, Officers' Certificate or supplemental indenture(y) cash, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversionconversion and (z) cash or shares of Common Stock, as applicable, representing the amount of accrued and unpaid interest on this Debenture as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.extent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder. ___________________ Initials ____________________ Initials

Appears in 2 contracts

Samples: MultiCell Technologies, Inc., 3dicon Corp

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Security of a series with such a privilege to be converted shall surrender such Security to the Company Conversion Agent at any time during usual business hours, until and including, but not after the close of business on the second Business Day prior to the Stated Maturity of the principal of such Security, at its office or agency maintained for that the purpose pursuant to Section 1002as provided in this Indenture, accompanied by a duly fully executed conversion notice to the Company written notice, in substantially in the form set forth in Section 206 stating on the reverse of the Security, that the Holder elects to convert such Security or a specified stated portion thereofthereof constituting a multiple of $1,000 in principal amount, and, if such Security is surrendered for conversion during the period between the close of business on any record date for such Security and the opening of business on the related Interest Payment Date and has not been called for redemption on a Redemption Date within such period, accompanied also by payment of an amount equal to the interest payable on such Interest Payment Date on the portion of the principal amount of the Security being surrendered for conversion. The Holder of any Security at the close of business on any record date for such Security shall be entitled to receive the interest payable on such Security on the corresponding Interest Payment Date notwithstanding the conversion thereof after such record date. Such notice of conversion shall also state, if different from the name and address of such Holder, state the name or names (with and address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion issued (or to whom payment in cash in lieu of Common Stock shall be issuedmade). Securities surrendered for conversion shall (if so required by the Company or the TrusteeConversion Agent) be duly endorsed by by, or be accompanied by a written instrument or instruments of transfer in forms form satisfactory to the Company and the Trustee Conversion Agent duly executed by by, the registered Holder or its his attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeaforesaid, the Company shall shall, subject to the provisions of Section 1507, issue and shall deliver, deliver at the such office or agency at which such Security is surrendered, to such Holder Holder, or on its his written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the on conversion of such Security (or specified portion thereof), in accordance with the provisions of such Security and cash, as provided in Section 1503, in respect of any fraction of a share of Common Stock otherwise issuable upon such conversion or, if so provided in a Board Resolution, Officers' Certificate or executed supplemental indenture, indenture referred to in Sections 201 and cash as provided therein in respect 301 by or pursuant to which the form and terms of any fractional share the Securities of such series were established, cash in lieu of shares of Common Stock otherwise issuable upon such conversionStock. Such conversion shall be at the Conversion Price in effect, and shall be deemed to have been effected effected, immediately prior to the close of business on the date (herein called the "Date of Conversion") on which such notice and such payment, if required, in proper form shall have been received in proper order for conversion by the Company Conversion Agent and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such dateaforesaid, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person Person or persons Persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable issuable, if any, upon such conversion shall be deemed to have become on the Holder Date of Conversion the holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to ; provided, however, that any such surrender on any date when the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock stock transfer books of the Company issued upon shall be closed shall constitute the Person or Persons in whose name or names the certificate or certificates for such conversionshares are to be issued, if any, as the record holder or holders thereof for all purposes at the opening of business on the next succeeding day on which such stock transfer books are open but such conversion shall nevertheless be at the Conversion Price in effect at the close of business on the date when such Security shall have been so surrendered with the conversion notice in proper form. In the case of any Security which is converted in part onlyconversion of a portion, upon such conversion but less than all, of a Security, the Company shall execute execute, and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of in the same series, of authorized denominations, in aggregate principal amount equal to of the unconverted portion of such Security.the Security surrendered. Except as otherwise

Appears in 2 contracts

Samples: Newfield Financial Trust Ii, Newfield Exploration Co /De/

Exercise of Conversion Privilege. In order to exercise a conversion privilege(a) Conversion of the Series B Preferred Stock may be exercised, in whole or in part, by the Holder of a Security of a series with such a privilege shall surrender such Security by telecopying an executed and completed Conversion Notice to the Company Corporation. Each date on which a Conversion Notice is telecopied to the Corporation in accordance with the provisions of this Section 6.2 shall constitute a Conversion Date. The Corporation shall convert the Preferred Stock and issue the Common Stock Issued at Conversion, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) of the Persons who are to become the holders of the Common Stock Issued at Conversion in which connection with such conversion. The Holder shall deliver the certificate or certificates for shares of Common Series B Preferred Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and Corporation by express courier within 30 days following the Trustee duly executed by Conversion Date. Upon surrender for conversion, the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) Preferred Stock shall also be accompanied by payment in funds acceptable a proper assignment thereof to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall Corporation or be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyendorsed in blank. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than five Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Corporation's receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company Corporation shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenturethis Article 6, and cash (ii) cause to delivered by overnight courier to the Holder (y) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such conversion, and (z) cash, as provided therein in Section 6.3, in respect of any fractional share fraction of such a Common Stock otherwise Share issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such payment, if required, shall have been received in proper order for conversion by Conversion Notice indicates so long as the Company and such Security Series B Preferred Stock shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such dateaforesaid, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security the Series B Preferred Stock, as such Security Holder such, shall cease and the person Person or persons Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented therebythereby and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Corporation, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominationsand, in aggregate principal amount equal to the unconverted portion payment and satisfaction of such Securitysubscription (and for any cash adjustment to which it is entitled pursuant to Section 6.3), to surrender the Series B Preferred Stock and to release the Corporation from all liability thereon. No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 2 contracts

Samples: Securities Exchange Agreement (Chell Group Corp), Securities Exchange Agreement (Chell Group Corp)

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 10024.03, accompanied by a duly executed conversion notice to the Company substantially in the form set forth in Section 206 Exhibit A stating that the Holder holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holderholder, the name or names (with address) in which the certificate or certificates for shares of Common Stock Stock, which shall be issuable on such conversion conversion, shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during the period beginning at the close of business on a Regular Record Date and ending at the opening of business on the first Business Day after the next succeeding Interest Payment Date, or if such periodInterest Payment Date is not a Business Day, the second such Business Day) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 2.13 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 3032.03, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307above, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 2 contracts

Samples: Indenture (Amkor International Holdings, LLC), Amkor Technology Inc

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this Debenture may be exercised on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than two (2) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company’s receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion and (y) cash, Officers' Certificate or supplemental indenture, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 2 contracts

Samples: Traceguard Technologies, Inc., American Security Resources Corp.

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Security of a series with such a privilege to be converted shall surrender such Security to the Company Issuer at the any time during usual business hours at its office or agency maintained for that the purpose pursuant to Section 1002as provided in this Indenture, accompanied by a duly fully executed conversion notice to the Company written notice, in substantially in the form set forth in Section 206 stating on the reverse of the Security, that the Holder elects to convert such Security or a specified stated portion thereof constituting a multiple of the minimum authorized denomination thereof, and, if such Security is surrendered for conversion during the period between the close of business on any record date for such Security and the opening of business on the related interest payment date (unless such Security shall have been called for redemption on a Redemption Date or Change in Control Repurchase Date within such period or on such interest payment date), accompanied also by payment of an amount equal to the interest payable on such interest payment date on the portion of the principal amount of the Security being surrendered for conversion. A Holder of any Security on a record date for such Security who converts such Security on the related interest payment date will receive the interest payable on such Security, and such converting Holder need not include a payment for any such interest upon surrender of such Security for conversion. Such notice shall also state, if different from the name and address of such Holder, state the name or names (with address) in which the certificate or certificates for shares of Class A Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company Issuer or the Trustee) be duly endorsed by by, or be accompanied by a written instrument or instruments of transfer in forms form satisfactory to the Company Issuer and the Trustee duly executed by by, the registered Holder or its his attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeaforesaid, the Company shall Issuer shall, subject to the provisions of Section 12.7, issue and shall deliver, deliver at the such office or agency at which such Security is surrendered, to such Holder Holder, or on its his written order, a certificate or certificates for the number of full shares of Class A Common Stock issuable upon the on such conversion of such Security (or specified portion thereof), Securities in accordance with the provisions of such Board Resolutionthis Article and cash, Officers' Certificate or supplemental indenture, and cash as provided therein in Section 12.3, in respect of any fractional fraction of a share of such Class A Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date (herein called the "Date of Conversion") on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company Issuer and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such dateaforesaid, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person Person or persons Persons in whose name or names any certificate or certificates for shares of Class A Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become on the Holder Date of Conversion the holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to ; provided, however, that any such surrender on any date when the final paragraph stock transfer books of Section 307, no payment or adjustment the Issuer shall be made upon any conversion on account closed shall constitute the person or persons in whose name or names the certificate or certificates for such shares are to be issued as the recordholder or holders thereof for all purposes at the opening of any interest accrued business on the Securities (or any part thereof) surrendered for next succeeding day on which such stock transfer books are open but such conversion or on account shall nevertheless be at the Conversion Price in effect at the close of any dividends business on the Common Stock of date when such Security shall have been so surrendered with the Company issued upon such conversionconversion notice. In the case of any Security which is converted in part onlyconversion of a portion, upon such conversion but less than all, of a Security, the Company Issuer shall execute execute, and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the CompanyIssuer, a new Security or Securities of in the same series, of authorized denominations, in aggregate principal amount equal to of the unconverted portion of the Security surrendered. Except as otherwise expressly provided in this Indenture, no payment or adjustment shall be made for interest accrued on any Security (or portion thereof) converted or for dividends or distributions on any Class A Common Stock issued upon conversion of any Security; provided, however, that in the case of any Securities which are converted after the close of business on a relevant record date and on or prior to the next succeeding interest payment date, installments of interest which are due and payable on the next succeeding interest payment date shall be payable on such Securityinterest payment date notwithstanding such conversion (unless such Security shall have been called for redemption on a Redemption Date or Change in Control Repurchase Date after the close of business on such record date and prior to the opening of business on such interest payment date) and such interest (whether or not punctually paid or duly provided for) shall be paid to the Holder of such Securities registered as such at the close of business on the relevant record date according to their terms. The Issuer's delivery of the fixed number of shares of Class A Common Stock into which the Securities are convertible will be deemed to satisfy the Issuer's obligation to pay the principal amount of the Securities and all accrued interest that has not previously been (or is not simultaneously being) paid. The Class A Common Stock is treated as issued first in payment of accrued interest and then in payment of principal.

Appears in 2 contracts

Samples: Indenture (American Tower Corp /Ma/), Indenture (American Tower Corp /Ma/)

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder holder of a any Security of a series with such a privilege to be converted shall surrender such Security to the Company at any time during usual business hours at the office offices or agency agencies to be maintained for that purpose pursuant by the Company in accordance with the provisions of Section 4.02 with respect to Section 1002the Securities to be converted, accompanied by a duly fully executed conversion notice to the Company substantially written notice, in the form set forth in Section 206 stating on the reverse of the Security, that the Holder holder elects to convert such Security or a specified stated portion thereofthereof constituting a whole multiple of $1,000 principal amount, and, if such Security is surrendered for conversion during the period between the close of business on the record date next preceding the Interest Payment Date (as defined in the Security) and the opening of business on the Interest Payment Date and has not been called for redemption on a redemption date within such period (or on such Interest Payment Date), accompanied also by payment of an amount equal to the interest payable on such Interest Payment Date on the principal amount of the Security being surrendered for conversion. Such notice shall also state, if different from the name and address of such Holder, state the name or names (with address) in which the certificate or certificates for shares of Common Capital Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trusteeregistrar of such Securities) be duly endorsed by by, or be accompanied by written instrument or instruments of transfer in forms form satisfactory to the Company and the Trustee such registrar duly executed by by, the registered Holder holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeaforesaid, the Company shall shall, subject to the provisions of Section 15.09, issue and shall deliver, deliver at the such office or agency at which such Security is surrendered, to such Holder holder, or to such other person on its his written order, a certificate or certificates for the number of full shares of Common Capital Stock issuable upon the on such conversion of such Security (or specified portion thereof), Securities in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, this Article and cash as provided therein in Section 15.04, in respect of any fractional fraction of a share of such Common Capital Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date (herein called the "Date of Conversion") on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid aforesaid, accompanied (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior if required by this Section) also by payment of an amount equal to the close of business interest payable on such date) and at such time the rights next Interest Payment Date on the principal amount of the Holder of such Security as such Security Holder shall cease being surrendered for conversion, and the person or persons in whose name or names any certificate or certificates for shares of Common Capital Stock of the Company shall be issuable upon such conversion shall be deemed to have become on the Holder Date of Conversion the holder or Holders holders of record of the shares of Capital Stock represented thereby. Except as set forth above and subject to ; provided, however, that any such surrender on any date when the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock stock transfer books of the Company shall be closed shall constitute the person or persons in whose name or names the certificate or certificates for such shares are to be issued upon as the recordholder or holders thereof for all purposes at the opening of business on the next succeeding day on which such conversionstock transfer books are open but such conversion shall nevertheless be at the conversion price in effect at the close of business on the date when such Security shall have been so surrendered with the conversion notice. In the case of any Security which is converted in part onlyconversion of a portion, upon such conversion but less than all, of a Security, the Company shall execute execute, and the Trustee shall authenticate and deliver to or on the order of the Holder holder thereof, at the expense of the Company, a new Security or Securities of in the same series, of authorized denominations, in aggregate principal amount equal to of the unconverted portion of such Securitythe Security surrendered. Except as otherwise expressly provided in Section 2.01, no payment or adjustment shall be made for interest accrued on any Security converted or for accrued dividends or distributions on any Capital Stock issued upon conversion of any Security or portion thereof.

Appears in 2 contracts

Samples: Indenture (Bear Stearns Capital Trust V), Bear Stearns Capital Trust I

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder holder of a Security of a series with such a privilege this Note shall surrender such Security it to the Company at the office or agency maintained for principal executive offices of the Company at 8000 Xxxxxxxxxx Xxx, Xxxxx 00, Xxxxxxxxxxxx, Xxxxxxx 00000 accompanied by written notice to the Company that purpose pursuant the holder elects to Section 1002convert this Note, accompanied or, if less than the entire unpaid principal amount hereof is to be converted, the portion hereof to be converted, and, if requested by the Company, by a duly executed conversion notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofinstrument of transfer. Such notice (and any notice by the holder of this Note accompanying surrender of this Note in the event of a Mandatory Conversion) shall also state, if different from the name and address of such Holder, state the name or names (with addressaddress or addresses) in which the certificate or certificates for shares of Common Senior Preferred Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly soon as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribethis Note, the Company shall issue and shall deliverdeliver at said offices to the holder of this Note, at the office or agency at which such Security is surrendered, to such Holder or on its his written order, a certificate or certificates for the number of full shares of Common Senior Preferred Stock issuable upon the conversion of such Security this Note (or specified portion thereof), in accordance with the provisions hereof) and provision shall be made for any fraction of such Board Resolution, Officers' Certificate or supplemental indenture, and cash a share as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversionSection 7.5 hereof. Such conversion (other than a Mandatory Conversion) shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security this Note shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder aforesaid. Conversion shall be entitled to convert such Security on such dateat the Conversion Price in effect at the time of conversion, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder holder of such Security this Note as such Security Holder holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Senior Preferred Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares of Senior Preferred Stock represented thereby. Except as set forth above and subject to the final paragraph Upon conversion of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any only a part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case unpaid principal amount of any Security which is converted in part onlythis Note, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereofholder thereof at said offices, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, Note in aggregate principal amount equal to the unconverted portion of such Securityunpaid principal amount, which new Note shall be dated and bear interest from the date to which interest shall have been paid on such unconverted portion.

Appears in 2 contracts

Samples: Stock and Convertible Note Purchase Agreement (Electronic Retailing Systems International Inc), Electronic Retailing Systems International Inc

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during the period beginning at the close of business on a Regular Record Date and ending at the opening of business on the first Business Day after the next succeeding Interest Payment Date, or if such periodInterest Payment Date is not a Business Day, the second such Business Day) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date -55- 63 following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 2 contracts

Samples: Read Rite Corp /De/, Read Rite Corp /De/

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of the Notes may be effected by any Holder of a Security of a series with such a privilege shall thereof upon the surrender such Security to the Company at the office of the Company designated for notices in accordance with Section 14.6 or agency maintained for that purpose pursuant at the office of any agent or agents of the Company, as may be designated by the Board of Directors (the "Transfer Agent"), of the Notes to Section 1002be converted, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth in Section 206 stating that the such Holder elects to convert such Security all or a specified portion thereof. Such notice shall also state, if different from of the name and address Accreted Value of such Holder, Notes in accordance with the provisions of this Section 9 and specifying the name or names (with address) in which such Holder wishes the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall to be issued. Securities surrendered for conversion In case any Holder's notice shall (if so required by the Company specify a name or the Trustee) be duly endorsed by or accompanied by instruments names other than that of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) Holder, such notice shall also be accompanied by payment of all transfer Taxes payable upon the issuance of shares of Common Stock in funds acceptable to such name or names. Other than such Taxes, the Company of an amount equal to the interest payable will pay any and all issue and other Taxes (other than Taxes based on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall income) that may be payable to such registered Holder notwithstanding the in respect of any issue or delivery of shares of Common Stock on conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the CompanyNotes pursuant hereto. As promptly as practicable practicable, and in any event within five Business Days after the surrender of such Notes and the receipt of such notice and of any payment required pursuant to a Board Resolution relating thereto and, subject if applicable, payment of all transfer Taxes (or the demonstration to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms satisfaction of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribethat such Taxes have been paid), the Company shall issue and shall deliver, at the office deliver or agency at which such Security is surrendered, cause to such Holder or on its written order, be delivered (i) a certificate or certificates for representing the number of validly issued, fully paid and nonassessable full shares of Common Stock issuable upon to which the conversion Holder of such Security the Notes being converted shall be entitled and (or specified portion thereof), in accordance with ii) if less than the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect entire Accreted Value of any fractional share of such Common Stock otherwise issuable Note surrendered is being converted, a new Note in the Accreted Value that remains outstanding upon such partial conversion. Such conversion shall be deemed to have been effected immediately prior to made at the close of business on the date on which of giving such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time that the rights of any Holder thereof as to the Holder of such Security as such Security Holder Note or Notes (or portion thereof) being converted shall cease and except for the person or persons in whose name or names any certificate or certificates for right to receive shares of Common Stock in accordance herewith, and the Person entitled to receive the shares of Common Stock shall be treated for all purposes as having become the record holder of such shares of Common Stock at such time, so long as such Holder's Notes are delivered to the Company within two Business Days after the date of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders giving of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securitynotice.

Appears in 2 contracts

Samples: Convertible Note Purchase Agreement (Bio Plexus Inc), Convertible Note Purchase Agreement (Appaloosa Management Lp)

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 100210.2, accompanied by a duly executed conversion notice to the Company substantially in the form set forth in Section 206 2.6 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during the period beginning at the close of business on a Regular Record Date and ending at the opening of business on the first Business Day after the next succeeding Interest Payment Date, or if such periodInterest Payment Date is not a Business Day, the second such Business Day) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 3.7 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 3033.3, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 3073.7, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 2 contracts

Samples: Symantec Corp, Symantec Corp

Exercise of Conversion Privilege. In order to exercise effect a conversion privilegeconversion, each Holder must complete, execute and deliver at such Holder’s expense during the Holder of a Security of a series with such a privilege shall surrender such Security to the Company Conversion Period at the office or agency maintained for that purpose pursuant of any Conversion Agent a Conversion Notice, on any Business Day between 9:00 am and 3:00 pm local time in the place of the Conversion Agent (notices received after this time are deemed to Section 1002, accompanied by a duly executed conversion notice to be delivered on the Company substantially following Business Day) in the form set forth then obtainable from the office of any Conversion Agent, together, in Section 206 stating that duplicate, with the Bonds to be converted, and any certificates and other documents as may be required by this Indenture or under applicable law and confirmation of payment of any taxes, costs, expenses or other payments required to be paid by the Holder elects pursuant to convert the terms of this Indenture. The Conversion Notice shall contain, inter alia, an appointment of a local agent by such Security or a specified portion thereof. Such notice shall also state, if different from converting Holder and the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which local agent. The Conversion Notice shall be issuable deemed to have been duly delivered (i) upon receipt when sent via first-class mail or overnight courier, postage prepaid, or international express courier service, (ii) on the date personally delivered to an authorized officer of the Conversion Agent, (iii) on the date transmitted by legible facsimile transmission with a confirmation of receipt or (iv) when sent by email, email will be deemed received at the time and date of transmission shown on the saved sent copy, provided that the receipt by the Conversion Agent shall not be deemed to occur if the converting Holder receives an automated message indicating that the email has not been delivered to the Conversion Agent. Neither the Trustee nor any Agent shall be bound to supervise the proceedings or acts of, and shall not in any way or to any extent be responsible for any loss, liability, expense, demand, cost, claim or proceedings incurred by any such local agent appointed by such converting Holders. Holders who deposit a Conversion Notice during a Book Closure Period will not be permitted to convert their Bonds until the Business Day following the last day of the Book Closure Period which (if all other conditions to conversion have been fulfilled) will be the Conversion Date for such Bonds. Such Holders will not be allowed to be registered as holders of the Shares until the relevant Conversion Date. The price at which such Bonds will be converted will be the Conversion Price in effect on the Conversion Date. The date on which any Bond and the Conversion Notice (in duplicate) relating thereto, together with any certificates and other documents as may be required under applicable law, are deposited with a Conversion Agent and the payments, if any, required to be paid by the Holder are made is hereinafter referred to as the “Deposit Date”. The Company will deem the person designated in the Conversion Notice as the person in whose name the Shares to be issued upon such conversion are to be registered as the holder of record of the number of Shares (disregarding any retroactive adjustment of the Conversion Price referred to below prior to the time such retroactive adjustment shall be issued. Securities surrendered have become effective), and at such time the rights of such converting Holder as a Holder with respect to the Bonds deposited for conversion shall (if so required by cease. On the Conversion Date, the Company or will deem the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered converting Holder (or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in partdesignee) during to be the period from holder of record of the close number of business on any Regular Record Date Shares to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the issued upon conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution Bonds and, subject to Section 303any applicable limitations then imposed by the applicable French, set forth, or determined United States and Singapore laws and regulations according to the request made in the manner providedrelevant Conversion Notice, in an Officers' Certificateprocure that, or established in one or more indentures supplemental hereto setting forth the terms of such series of Securityas soon as practicable, and in any event within five (5) Trading Days after the surrender of such Security in accordance with such reasonable regulations as Conversion Date (subject to the Company may prescribeconverting Holder providing the required documents and information for opening a trading account, if necessary), the Company Shares are credited upon conversion to the Euronext Paris-approved securities trading account or, if the Shares are no longer listed or traded on the Euronext Paris, registered as such in the Company’s register of stockholders (the date thereof, the “Registration Date”). The converting Holder (or its designee) should be registered on the share register and there shall issue and shall deliver, at be delivered to the office or agency at which such Security is surrendered, to such Holder or on its written orderlocal agent appointed by the converting Holder, a certificate or certificates for the relevant Shares, registered in the name specified for that purpose in the relevant Conversion Notice or by book-entry, together with any other property or cash required to be delivered upon conversion and such assignments, if any, and other documents (if any) as may be required by applicable law to effect the delivery thereof. With effect from, and including, the Conversion Date, the converting Holder shall, as between it and the Company, be entitled to exercise all rights in respect of the Shares upon conversion for which shall rank in all respects pari passu with the Shares of the Company outstanding on the relevant Registration Date and receive all income or other assets arising out of the Shares (except where such rights, income or other assets accrue by reference to a record date which precedes the relevant Registration Date). If the Conversion Date in relation to any Bond shall be after the record date for any issue, distribution, grant, offer or other event as gives rise to the adjustment of the Conversion Price pursuant to Section 9.5, but before the relevant adjustment becomes effective under the relevant Section, the Company shall procure (in respect of such Bond and upon the relevant adjustment becoming effective) the delivery to the converting Holder (subject to applicable exchange control or other laws or other regulations), of such additional number of full shares Conversion Shares which, when aggregated with the Conversion Shares delivered or to be delivered on conversion of Common Stock issuable upon the relevant Bond, would be equal to the number of Conversion Shares which would have been required to be delivered on conversion of such Security (or specified portion thereof), in accordance with Bond if the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed relevant adjustment to have the Conversion Price had been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Conversion Date. The converting Holder shall be entitled to convert such Security any dividend distributions of the Company if the Conversion Date falls on such date, in which case such conversion shall be deemed a date during the period from January 1 to be effected immediately the fifteen (15) Trading Days (exclusive) prior to the close record date for determination of business on such date) and at such time the rights stockholders entitled to receipt of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securitydividends.

Appears in 2 contracts

Samples: Indenture (Aerkomm Inc.), Indenture (Aerkomm Inc.)

Exercise of Conversion Privilege. In order to exercise a conversion privilegeConversion of the Series A Preferred Stock may be exercised, in whole or in part, by the Holder by telecopying an executed and completed notice of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially in the form set forth annexed hereto as ANNEX I (the "Conversion Notice") to the Corporation. Each date on which a Conversion Notice is telecopied to and received by the Corporation in Section 206 stating that accordance with the Holder elects to provisions of this SECTION 6.2 shall constitute a Conversion Date. The Corporation shall convert such Security or a specified portion thereofthe Series A Preferred Stock and issue the Common Stock Issued at Conversion effective as of the Conversion Date. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses)of the persons who are to become the Holders of the Common Stock Issued at Conversion in connection with such conversion. The Holder shall deliver the shares of Series A Preferred Stock to the Corporation by express courier within five (5) in days following the date on which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory telecopied Conversion Notice has been transmitted to the Company and Corporation. Upon surrender for conversion, the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) Series A Preferred Stock shall also be accompanied by payment in funds acceptable a proper assignment hereof to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall Corporation or be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyendorsed in blank. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, Conversion Notice and the surrender of such Security in accordance with such reasonable regulations the Series A Preferred Stock being converted as the Company may prescribeaforesaid, the Company Corporation shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenturethis Article 6, and cash (ii) cause to be mailed for delivery to the Holder (X) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such conversion, (Y) cash, as provided therein in Section 6.3, in respect of any fractional share fraction of such Common Stock otherwise a Share issuable upon such conversionconversion and (Z) cash in the amount of unpaid dividends as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such payment, if required, shall have been received in proper order for conversion by Conversion Notice indicates so long as the Company and such Security Series A Preferred Stock shall have been surrendered as aforesaid (unless at such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such datetime, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security the Series A Preferred Stock, as such Security Holder such, shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares Common Shares represented thereby. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Corporation, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominationsand, in aggregate principal amount equal to the unconverted portion payment and satisfaction of such Securitysubscription (and for any cash adjustment to which it is entitled pursuant to Section 6.4), to surrender the Series A Preferred Stock and to release the Corporation from all liability thereon. No cash payment aggregating less than $1.50 shall be required to be given to any Holder unless specifically requested by the Holder.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Data Systems Network Corp), Agreement and Plan of Merger (Tekinsight Com Inc)

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 2 contracts

Samples: Indenture (Forest City Enterprises Inc), Indenture (Forest City Enterprises Inc)

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Security of a series with such a privilege to be converted shall surrender such Security Security, duly endorsed or assigned to the Company or in blank, at the any office or agency of the Company maintained for that purpose pursuant to Section 100210.2, accompanied by a duly executed signed conversion notice to the Company substantially in the form set forth provided in Section 206 2.4 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also stateor, if different from less than the name and address of such Holderentire principal amount thereof is to be converted, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall portion thereof to be issuable on such conversion shall be issuedconverted. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so Each Security surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date next preceding any Interest Payment Date to the opening of business on the next succeeding such Interest Payment Date shall (excluding Securities except in the case of any Security or portions portion thereof which has been called for redemption during on a Redemption Date, or is repurchasable on a Repurchase Date, occurring, in either case, within such period) shall also be accompanied by payment in New York Clearing House (next day) funds (or other funds acceptable to the Company Company) of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then (or portion thereof, as the case may be) being convertedsurrendered for conversion. The interest so payable on any Interest Payment Date with respect to any Security (or portion thereof, if applicable) which has been called for redemption on a Redemption Date, or is repurchasable on a Repurchase Date, occurring, in either case, during the period from the close of business on the Regular Record Date next preceding such Interest Payment Date to the opening of business on such Interest Payment Date, which Security (or portion thereof, if applicable) so called for redemption or repurchasable is surrendered for conversion (in whole or in part) during such period, shall be paid upon such conversion to the Holder of such Security as of the conversion date in an amount equal to the interest that would have been payable on the principal amount of such Security so called for redemption or repurchasable and being converted if such principal amount had been converted as of the close of business on such Interest Payment Date. The interest so payable on any Interest Payment Date in respect of any Security (or portion thereof, as the case may be) which has not been called for redemption on a Redemption Date, or is not repurchasable on a Repurchase Date, occurring, in either case, during the period from the close of business on the Regular Record Date next preceding such Interest Payment Date to the opening of business on such Interest Payment Date, which Security (or portion thereof, as the case may be) not so called for redemption or repurchasable is surrendered for conversion (in whole or in part) during such period, shall be paid to the Holder of such Security as of such Regular Record Date. Interest payable on any Interest Payment Date in respect of any Security surrendered for conversion on or after such Interest Payment Date shall be paid to the Holder of such Security as of the Regular Record Date next preceding such Interest Payment Date, notwithstanding the exercise of the right of conversion. Except as provided in this paragraph, no cash payment or adjustment shall be made upon any conversion on account of any interest accrued from the Interest Payment Date next preceding the conversion date, in respect of any Security (or part thereof, as the case may be) surrendered for conversion, or on account of any dividends on the Common Stock issued upon conversion. Securities shall be deemed to have been converted immediately prior to the close of business on the day of surrender of such Securities for conversion in accordance with the foregoing provisions, and at such interest time the rights of the Holders of such Securities as Holders shall cease, and the Person or Persons entitled to receive the Common Stock issuable upon conversion shall be payable to such registered Holder notwithstanding treated for all purposes as the conversion record holder or holders of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the CompanyCommon Stock at such time. As promptly as practicable on or after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeconversion date, the Company shall issue and shall deliverdeliver to the Trustee, at for delivery to the office or agency at which such Security is surrendered, to such Holder or on its written orderHolder, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion, together with payment in lieu of any fraction of a share, as provided in Section 12.3. All shares of Common Stock delivered upon such conversion of such Security (or specified portion thereof), in accordance Restricted Securities shall rank pari passu with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for other shares of Common Stock of the Company and shall bear restrictive legends substantially in the form of the legends required to be set forth on the Restricted Securities pursuant to Section 3.6 and shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion restrictions on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon transfer provided in such conversionlegends. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, denominations in an aggregate principal amount equal to the unconverted portion of the principal amount of such Security. If shares of Common Stock to be issued upon conversion of a Restricted Security, or Securities to be issued upon conversion of a Restricted Security in part only, are to be registered in a name other than that of the beneficial owner of such Restricted Security, then there must be delivered to the conversion agent a Surrender Certificate, dated the date of surrender of such Restricted Security and signed by or on behalf of such beneficial owner, as to compliance with the restrictions on transfer applicable to such Restricted Security. Neither the Trustee nor any conversion agent, registrar or transfer agent shall be required to register in a name other than that of the beneficial owner, shares of Common Stock or Securities issued upon conversion of any such Restricted Security not so accompanied by a properly completed Surrender Certificate.

Appears in 2 contracts

Samples: Indenture (Uromed Corp), Cuc International Inc /De/

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a Security of a series with such a privilege any Note to be converted shall surrender such Security Note to the Company at the any time during usual business hours at its office or agency maintained for that the purpose pursuant to Section 1002as provided in this Indenture, accompanied by a duly fully executed conversion notice to the Company written notice, in substantially in the form set forth in Section 206 stating on the reverse of the Note, that the Holder elects to convert such Security Note or a specified stated portion thereofthereof constituting an integral multiple of $1,000 principal amount, and, if such Note is surrendered for conversion during the period between the close of business on any Record Date and the opening of business on the next following Interest Payment Date and has not been called for redemption on a Redemption Date which occurs within such period, accompanied (except in the case of the Interest Payment Date occurring on April 4, 2001) also by payment of an amount equal to the interest payable on such Interest Payment Date on the principal amount of the Note being surrendered for conversion, notwithstanding such conversion. Such notice of conversion shall also state, if different from the name and address of such Holder, state the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities Notes surrendered for conversion shall (if so reasonably required by the Company or the Trustee) be duly endorsed by by, or be accompanied by a written instrument or instruments of transfer in forms form satisfactory to the Company and the Trustee duly executed by by, the registered Holder or its his attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations Note as the Company may prescribeaforesaid, the Company shall shall, subject to the provisions of Section 13.8 hereof, issue and shall deliver, deliver at the such office or agency at which such Security is surrendered, to such Holder Holder, or on its his written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the on such conversion of such Security (or specified portion thereof), Notes in accordance with the provisions of such Board Resolutionthis Article XIII and Cash, Officers' Certificate or supplemental indenture, and cash as provided therein in Section 13.3 hereof, in respect of any fractional fraction of a share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date (herein called the "Date of Conversion") on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security Note shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such dateaforesaid, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become on the Holder Date of Conversion the holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to ; provided, however, that any such surrender on any date when the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock stock transfer 61 69 books of the Company shall be closed shall cause the person or persons in whose name or names the certificate or certificates for such shares are to be issued upon to be deemed to have become the record holder or holders thereof for all purposes at the opening of business on the next succeeding day on which such conversionstock transfer books are open but such conversion shall nevertheless be at the conversion price in effect at the close of business on the date when such Note shall have been so surrendered with the conversion notice. In the case of any Security which is converted in part onlyconversion of a portion, upon such conversion but less than all, of a Note, the Company shall execute as promptly as practicable execute, and the Trustee shall thereafter authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security Note or Securities of Notes in the same series, of authorized denominations, in aggregate principal amount equal to of the unconverted portion of such Securitythe Note surrendered. Except as otherwise expressly provided in this Indenture, no payment or adjustment shall be made for interest accrued on any Note (or portion thereof) converted or for dividends or distributions on any Common Stock issued upon conversion of any Note.

Appears in 2 contracts

Samples: Cellular Communications International Inc, Cellular Communications International Inc

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 100210.2, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 3.7 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 3033.1, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 3073.7, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 2 contracts

Samples: United States Surgical Corp, United States Surgical Corp

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 100210.2, accompanied by a duly executed conversion notice to the Company substantially in the form set forth in Section 206 2.6 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock Stock, which shall be issuable on such conversion conversion, shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 3033.3, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 3073.7, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 2 contracts

Samples: Sigma Designs Inc, Sigma Designs Inc

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Security of a series with such a privilege to be converted shall surrender such Security to Security, together with the Company conversion notice duly executed, at the any office or agency of the Issuer maintained for that purpose pursuant to Section 10023.02, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth in Section 206 stating Issuer at such office or agency that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also stateor, if different from less than the name and address of such Holderentire principal amount thereof is to be converted, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall portion thereof to be issuable on such conversion shall be issuedconverted. Securities or portions thereof surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date regular record date next preceding any interest payment date to the opening of business on the next succeeding Interest Payment Date such interest payment date shall (excluding unless such Securities or portions thereof have been called for redemption during on a redemption date within such period) shall also be accompanied by payment to the Issuer or its order, in New York Clearing House funds or other funds acceptable to the Company Issuer, of an amount equal to the interest payable on such Interest Payment Date interest payment date on the principal amount of such Security then Securities or portions thereof being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates surrendered for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no No payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or or, except as provided in Section 13.04, on account of any dividends on the Common Stock issued upon conversion. Securities shall be deemed to have been converted immediately prior to the close of business on the day of surrender of such Securities for conversion in accordance with the foregoing provisions, and at such time the rights of the Company issued Holders of such Securities as Holders shall cease, and the Person or Persons entitled to receive the Common Stock issuable upon conversion shall be treated for all purposes as the record holder or holders of such Common Stock at such time. As promptly as practicable on or after the conversion date, the Issuer shall issue and shall deliver at such office or agency a certificate or certificates for the number of full shares of Common Stock issuable upon conversion, together with payment in lieu of any fraction of a share, as provided in Section 13.03. In the case of any Security which is converted in part only, upon such conversion the Company Issuer shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the CompanyIssuer, a new Security or Securities of the same series, of authorized denominations, denominations in aggregate principal amount equal to the unconverted portion of the principal amount of such Security.

Appears in 2 contracts

Samples: Indenture (Murphy Oil Corp /De), Indenture (Murphy Oil Corp /De)

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Security of a series with such a privilege to be converted shall surrender such Security to the Company Conversion Agent at any time during usual business hours, until and including, but not after the close of business on the second Business Day prior to the Stated Maturity of the principal of such Security, at its office or agency maintained for that the purpose pursuant to Section 1002as provided in this Indenture, accompanied by a duly fully executed conversion notice to the Company written notice, in substantially in the form set forth in Section 206 stating on the reverse of the Security, that the Holder elects to convert such Security or a specified stated portion thereofthereof constituting a multiple of $1,000 in principal amount, and, if such Security is surrendered for conversion during the period between the close of business on any record date for such Security and the opening of business on the related Interest Payment Date and has not been called for redemption on a Redemption Date within such period, accompanied also by payment of an amount equal to the interest payable on such Interest Payment Date on the portion of the principal amount of the Security being surrendered for conversion. The Holder of any Security at the close of business on any record date for such Security shall be entitled to receive the interest payable on such Security on the corresponding Interest Payment Date notwithstanding the conversion thereof after such record date. Such notice of conversion shall also state, if different from the name and address of such Holder, state the name or names (with and address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion issued (or to whom payment in cash in lieu of Common Stock shall be issuedmade). Securities surrendered for conversion shall (if so required by the Company or the TrusteeConversion Agent) be duly endorsed by by, or be accompanied by a written instrument or instruments of transfer in forms form satisfactory to the Company and the Trustee Conversion Agent duly executed by by, the registered Holder or its his attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeaforesaid, the Company shall shall, subject to the provisions of Section 1507, issue and shall deliver, deliver at the such office or agency at which such Security is surrendered, to such Holder Holder, or on its his written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the on conversion of such Security (or specified portion thereof), in accordance with the provisions of such Security and cash, as provided in Section 1503, in respect of any fraction of a share of Common Stock otherwise issuable upon such conversion or, if so provided in a Board Resolution, Officers' Certificate or executed supplemental indenture, indenture referred to in Sections 201 and cash as provided therein in respect 301 by or pursuant to which the form and terms of any fractional share the Securities of such series were established, cash in lieu of shares of Common Stock otherwise issuable upon such conversionStock. Such conversion shall be at the Conversion Price in effect, and shall be deemed to have been effected effected, immediately prior to the close of business on the date (herein called the "Date of Conversion") on which such notice and such payment, if required, in proper form shall have been received in proper order for conversion by the Company Conversion Agent and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such dateaforesaid, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person Person or persons Persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable issuable, if any, upon such conversion shall be deemed to have become on the Holder Date of Conversion the holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to ; provided, however, that any such surrender on any date when the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock stock transfer books of the Company issued upon shall be closed shall constitute the Person or Persons in whose name or names the certificate or certificates for such conversionshares are to be issued, if any, as the record holder or holders thereof for all purposes at the opening of business on the next succeeding day on which such stock transfer books are open but such conversion shall nevertheless be at the Conversion Price in effect at the close of business on the date when such Security shall have been so surrendered with the conversion notice in proper form. In the case of any Security which is converted in part onlyconversion of a portion, upon such conversion but less than all, of a Security, the Company shall execute execute, and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of in the same series, of authorized denominations, in aggregate principal amount equal to of the unconverted portion of the Security surrendered. Except as otherwise expressly provided in this Indenture, no payment or adjustment shall be made for interest accrued on any Security (or portion thereof) converted or for dividends or distributions on any Common Stock issued upon conversion of any Security. The right, if any, of a Holder of any Security to cause the Company to redeem, purchase or repay such Security shall terminate upon receipt by the Company of any notice of conversion of such Security.

Appears in 2 contracts

Samples: Dynegy Capital Trust Ii, Dynegy Capital Trust Iii

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 10024.02, accompanied by a duly executed conversion notice to the Company substantially in the form set forth in Section 206 Exhibit A stating that the Holder holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holderholder, the name or names (with address) in which the certificate or certificates for shares of Common Stock Stock, which shall be issuable on such conversion conversion, shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during the period beginning at the close of business on a Regular Record Date and ending at the opening of business on the first Business Day after the next succeeding Interest Payment Date, or if such periodInterest Payment Date is not a Business Day, the second such Business Day) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 2.12 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 3032.03, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307above, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 2 contracts

Samples: Amkor Technology Inc, Amkor Technology Inc

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Security of a series with such a privilege to be converted shall surrender such Security Security, duly endorsed or assigned to the Company or in blank, at the any office or agency of the Company maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion written notice to the Company (which shall be substantially in the form set forth in Section 206 stating 203) at such office or agency or, if applicable, by notice in accordance with the procedures of the Depositary that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also stateor, if different from less than the name and address of such Holderentire principal amount thereof is to be converted, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall portion thereof to be issuable on such conversion shall be issuedconverted. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date next preceding any Interest Payment Date to the opening of business on the next succeeding such Interest Payment Date shall (excluding except in the case of Securities or portions thereof which have been called for redemption during on a Redemption Date within such period) shall also be accompanied by payment in New York Clearing House funds or other funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then Securities being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner surrendered for conversion; provided, in however, that a Security surrendered for conversion on an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, Interest Payment Date need not be accompanied by a payment and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business interest on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by principal amount of the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall being converted will be entitled to convert such Security paid on such date, in which case such conversion shall be deemed Interest Payment Date to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and on the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented therebyimmediately preceding Record Date. Except as set forth above provided in the Securities and subject to the final last paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock Shares issued upon conversion. Securities shall be deemed to have been converted immediately prior to the close of business on the day of surrender of such Securities for conversion in accordance with the foregoing provisions, and at such time the rights of the Holders of such Securities as Holders shall cease, and the Person or Persons entitled to receive the Common Shares issuable upon conversion shall be treated for all purposes as the record holder or holders of such Common Shares at such time. As promptly as practicable on or after the conversion date, the Company issued shall issue and shall deliver at such office or agency a certificate or certificates for the number of full Common Shares issuable upon such conversion, together with payment in lieu of any fraction of a share, as provided in Section 1403. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, denominations in aggregate principal amount equal to the unconverted portion of the principal amount of such Security.

Appears in 2 contracts

Samples: Alexanders Inc, Alexanders Inc

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially in the form set forth in Section 206 or the indenture supplemental hereto applicable to such Security stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during the period beginning at the close of business on a Regular Record Date and ending at the opening of business on the first Business Day after the next succeeding Interest Payment Date, or if such periodInterest Payment Date is not a Business Day, the second such Business Day) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 2 contracts

Samples: Ddi Corp, Ddi Corp

Exercise of Conversion Privilege. In order to exercise a conversion privilegeConversion of this Debenture, as the case may be, may be exercised, in whole or in part, on any Business Day by the Holder of a Security of a series with such a privilege shall surrender such Security by delivering an executed and completed Conversion Notice to the Company at along with the office Debenture or agency maintained for that purpose pursuant Debentures to Section 1002, accompanied by be so converted. The Conversion Notice shall specify the aggregate principal amount of Debentures to be converted. Each date on which a duly executed conversion notice Conversion Notice is delivered to the Company substantially in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert the Debenture and issue the Common Stock Issued At Conversion in the form set forth manner provided below in this Section 206 stating that 3.2, and all voting and other rights associated with the Holder elects to convert such Security or a specified portion thereof. Such notice beneficial ownership of the Common Stock Issued At Conversion shall also state, if different from vest with the name and address of such Holder, effective as of the Conversion Date at the time specified in the applicable Conversion Notice. The Conversion Notice also shall state the name or names (with addressaddresses) in which of the certificate or certificates for shares Persons who are to become the holders of the Common Stock which Issued At Conversion, if any, in connection with such conversion. Upon surrender for conversion, this Xxxxxxxxx shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required accompanied by a proper assignment hereof to the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyblank. As promptly as practicable after the receipt of such notice the Conversion Notice as aforesaid, but in any event not more than five (5) Business Days after the Company's receipt of the applicable Conversion Notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeall associated Debentures, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued At Conversion in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenturethis Article 3, and cash (ii) cause to be mailed for delivery by overnight courier or transmit to the Holder (x) a certificate or certificate(s) representing the number of whole Common Shares, if any, to which the Holder is entitled by virtue of such Conversion, (y) cash, as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise Share issuable upon such conversionConversion and (z) if, upon any Conversion, the Company chooses to pay accrued and unpaid interest in cash, cash in the amount of accrued and unpaid interest on the Debenture being converted as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security Conversion Notice indicates so long as this Debenture shall have been surrendered as aforesaid (unless at such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such datetime, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person Person or persons Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Stock, if any, Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominationsand, in aggregate principal amount equal to the unconverted portion payment and satisfaction of such Security.subscription (and for any cash adjustment to which it is entitled pursuant to

Appears in 2 contracts

Samples: Emagin Corp, Emagin Corp

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Security of a series with such a privilege shall surrender such Security Security, duly endorsed or assigned to the Company or in blank, at the any office or agency of the Company maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth provided in Section 206 stating the Security (or such other notice as is acceptable to the Company) at such office or agency that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also stateor, if different from less than the name and address of such Holderentire principal amount thereof is to be converted, the name or names (with address) in portion thereof to be converted. In the case of any Security which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities is surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on through and including the next succeeding Interest Payment Date (excluding other than any Security whose Maturity is prior to such Interest Payment Date), interest whose Stated Maturity is on such Interest Payment Date shall be payable on such Interest Payment Date notwithstanding such conversion, and such interest shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on such Regular Record Date (unless the Company shall default in the payment of interest on such Interest Payment Date, in which case such amount shall be paid to the person who made the payment referred to below); provided, however, that Securities or portions thereof called so surrendered for redemption during such period) conversion shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount being surrendered for conversion; provided, however, that no such payment need be made if there shall exist at the time of conversion a default in the payment of interest on the Securities; provided, further, however, that no such payment need be made if there exists a default in the payment of interest on such Security or such Security or portion thereof being converted shall have been called for redemption. Except as provided in the immediately preceding sentence, in the case of any Security which is converted (a) interest whose Stated Maturity is after the date of conversion of such Security then being convertedshall not be payable and (b) no payment or adjustment shall be made upon conversion on account of any dividends on the Common Stock issued upon conversion. Securities shall be deemed to have been converted immediately prior to the close of business on the day of surrender of such Securities for conversion in accordance with the foregoing provisions, and at such interest time the rights of the Holders of such Securities as Holders shall cease, and the Person or Persons entitled to receive the Common Stock issuable upon conversion shall be payable to such registered Holder notwithstanding treated for all purposes as the conversion record holder or holders of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the CompanyCommon Stock as and after such time. As promptly as practicable on or after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeconversion date, the Company shall issue and shall deliver, deliver at the any office or agency at which such Security is surrendered, of the Company maintained pursuant to such Holder or on its written order, Section 1002 a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion conversion, together with payment in lieu of such Security (or specified portion thereof)any fraction of a share, in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion1303. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, denominations in aggregate principal amount equal to the unconverted portion of the principal amount of such Security.

Appears in 2 contracts

Samples: Exhibit 4 (Converse Inc), Converse Inc

Exercise of Conversion Privilege. In order to (a) Principal: To exercise a its --------------------------------- principal conversion privilege, the Holder a holder of a Security of a series with such a privilege Note shall surrender such Security the Note being converted to the Company at the office or agency maintained for that purpose pursuant to Section 1002Company's principal office, accompanied by a duly executed conversion and shall give written notice to the Company substantially in the form set forth in Section 206 stating at that the Holder office that such holder elects to convert the outstanding principal balance of such Security Note, or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, state the name or names (with addressaddress or addresses) in which the certificate or certificates for shares of Common Stock which shall be issuable on upon such conversion shall be issued. Securities The Note surrendered for conversion shall (if so required be accompanied by proper assignment thereof to the Company or in blank. For purposes of this clause (a), the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed date when such written notice is received by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during Company, together with the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then Note being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. "Conversion Date." As promptly as practicable practicable, but in any event within 15 days after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Date, the Company shall issue and shall deliverdeliver to the holder of the Note being converted, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a such certificate or certificates as it may request for the number of full whole shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Note in accordance with the provisions of this Article III, the number of whole shares of Common Stock issuable upon the conversion of all accrued and unpaid interest on such Board ResolutionNote up to and including the Conversion Date, Officers' Certificate any property or supplemental indenture, and cash securities issuable upon conversion as provided therein in Section 3.07 and cash, as provided in Section 3.12, in respect of any fractional fraction of a share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected made immediately prior to the close of business on the date on which such notice and such paymentConversion Date, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder holder as holder of such Security as such Security Holder a Note shall cease and the person Person or persons Persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares of Common Stock represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.b)

Appears in 2 contracts

Samples: Convertible Note and Warrant Purchase Agreement (Photoelectron Corp), Convertible Note and Warrant Purchase Agreement (Photoelectron Corp)

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Security of a series with such a privilege to be converted shall surrender such Security to the Company Conversion Agent at the any time during usual business hours at its office or agency maintained for that the purpose pursuant to Section 1002as provided in this Indenture, accompanied by a duly fully executed conversion notice to the Company written notice, in substantially in the form set forth in Section 206 stating on the reverse of the Security, that the Holder elects to convert such Security or a specified stated portion thereofthereof constitut- ing a multiple 52 of $1,000 in principal amount, and, if such Security is surrendered for con- version during the period between the close of business on any Regular Record Date for such Security and the opening of business on the related Interest Payment Date and has not been called for redemption on a Redemption Date within such period (or on such Interest Payment Date), accompanied also by payment of an amount equal to the interest payable on such Interest Payment Date on the portion of the principal amount of the Security being surrendered for conversion. Such notice shall also state, if different from the name and address of such Holder, state the name or names (with and address) in which the certificate or certificates for of shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the TrusteeConversion Agent) be duly endorsed by by, or be accompanied by a written instrument or instruments of transfer in forms form satisfactory to the Company Com- pany and the Trustee Conversion Agent duly executed by by, the registered Holder or its his attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeaforesaid, the Company shall shall, subject to the provisions of Section 11.07, issue and shall deliver, deliver at the such office or agency at which such Security is surrendered, to such Holder Holder, or on its his written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion on conver- sion of such Security (or specified portion thereof), in accordance with the provisions of such Board ResolutionSecurity and cash, Officers' Certificate or supplemental indenture, and cash as provided therein in Section 11.03, in respect of any fractional fraction of a share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be at the Conversion Price in effect, and shall be deemed to have been effected effected, immediately prior to the close of business on the date (herein called the "Date of Conversion") on which such notice and such payment, if required, in proper form shall have been received in proper order for conversion re- ceived by the Company Conversion Agent and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such dateaforesaid, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion conver- sion shall be deemed to have become on the Holder Date of Conversion the holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to ; provided, however, that any such surrender on any date when the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock stock transfer books of the Company shall be closed shall constitute the person or persons in whose name or names the certificate or certificates for such shares are to be issued upon as the record holder or holders thereof for all purposes at the opening of business on the next succeeding day on which such conversionstock transfer books are open but such con- version shall nevertheless be at the Conversion Price in effect at the close of business on the date when such Security shall have been so surrendered with the conversion notice in proper form. In the case of any Security which is converted in part onlyconversion of a portion, upon such conversion but less than all, of a Security, the Company shall execute execute, and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.or

Appears in 2 contracts

Samples: Coastal Corp, Coastal Corp

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this Debenture may be exercised on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) of the persons who are to become the holders of the Common Stock Issued at Conversion in connection with such conversion. The Holder shall deliver this Debenture by express courier within thirty (30) days following the date on which the certificate or certificates telecopied Conversion Notice has been transmitted to the Company. Upon surrender for shares of Common Stock which conversion, this Xxxxxxxxx shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required accompanied by a proper assignment hereof to the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyblank. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than three (3) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company's receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier, or if a Registration Statement covering the Common Stock has been declared effective by the SEC cause to be electronically transferred, to Holder (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion, Officers' Certificate or supplemental indenture(y) cash, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversionconversion and (z) cash or shares of Common Stock, as applicable, representing the amount of accrued and unpaid interest on this Debenture as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 2 contracts

Samples: American Ammunition Inc /Ca, American Ammunition Inc /Ca

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this Debenture may be exercised on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than three (3) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company’s receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion and (y) cash, Officers' Certificate or supplemental indenture, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 2 contracts

Samples: Etelcharge Com Inc, Mega Media Group Inc

Exercise of Conversion Privilege. In order to exercise a conversion privilege(a) Conversion of this Debenture may be exercised on any Business Day, which is at least ninety (90) days after the Issue Date, by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) of the persons who are to become the holders of the Common Stock issued at Conversion in connection with such conversion. The Holder shall deliver this Debenture by express courier within five (5) Business Days following the date on which the certificate or certificates Conversion Notice was transmitted to the Company. Upon surrender for shares of Common Stock which conversion, this Debenture shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required accompanied by a proper assignment hereof to the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyblank. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than five (5) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeCompany's receipt this Debenture properly endorsed for Conversion, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, deliver to such Holder or on its written order, (by overnight courier) a certificate or certificates for certificate(s) representing the number of full shares of Common Stock issuable upon Shares to which the conversion Holder is entitled by virtue of such Security (or specified portion thereof)conversion, in accordance along with the provisions of such Board Resolutionany cash, Officers' Certificate or supplemental indenture, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription, to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted).

Appears in 2 contracts

Samples: Warrant Agreement (Fonefriend Inc), Warrant Agreement (Fonefriend Inc)

Exercise of Conversion Privilege. In order to exercise a conversion privilege(a) Conversion of this Debenture may be exercised, in whole or in part, on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) of the persons who are to become the holders of the Common Stock Issued at Conversion in connection with such conversion. The Holder shall deliver this Debenture by express courier within thirty (30) days following the date on which the certificate or certificates telecopied Conversion Notice has been transmitted to the Company. Upon surrender for shares of Common Stock which conversion, this Debenture shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required accompanied by a proper assignment hereof to the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyblank. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than three (3) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company's receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier to the Holder (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion, Officers' Certificate or supplemental indenture(y) cash, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of a Common Share deliverable upon such conversion and (z) cash or, to the extent permitted hereunder, shares of Common Stock otherwise issuable upon such conversionrepresenting the amount of accrued and unpaid interest on this Debenture as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Advanced Optics Electronics Inc), Securities Purchase Agreement (Advanced Optics Electronics Inc)

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (i) Conversion of this Debenture may be exercised on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Shares Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Shares Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) of the persons who are to become the holders of the Shares Issued at Conversion in which the certificate or certificates for shares of Common Stock which shall be issuable on connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than two (2) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company’s receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (a) issue and shall deliver, the Shares Issued at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Conversion in accordance with the provisions of such Board Resolution, Officers' Certificate this Article 3 and (b) cause to be mailed for delivery by overnight courier a certificate or supplemental indenture, and cash as provided therein in respect certificate(s) representing the number of any fractional share Shares to which the Holder is entitled by virtue of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of Common Stock of the Company Shares Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 2 contracts

Samples: Genmed Holding Corp, Genmed Holding Corp

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this Note may be exercised on any Business Day by the Holder of a Security of a series with such a privilege shall surrender such Security Lender by telecopying an executed and completed Conversion Notice to the Company Borrower. Each date on which a Conversion Notice is telecopied to the Borrower in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Borrower shall convert this Note and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Lender, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than five (5) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Borrower’s receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company Borrower shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier (x) a certificate or certificate(s) representing the number of Common Shares to which the Lender is entitled by virtue of such Board Resolutionconversion and (y) cash, Officers' Certificate or supplemental indenture, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder Lender of such Security this Note, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Lender and subject to the final paragraph of Section 307Borrower, no payment or adjustment whereby the Lender shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominationsand, in aggregate principal amount equal payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Note and to release the Borrower from all liability thereon (except if and to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Lender.

Appears in 2 contracts

Samples: Celsius Holdings, Inc., Celsius Holdings, Inc.

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Debt Security of a series with such a privilege to be converted shall surrender such Debt Security to the Company Issuer at any time during usual business hours at the office or agency maintained designated for that such purpose pursuant to Section 1002in the applicable Prospectus Supplement, accompanied by a duly fully executed conversion notice written notice, with a duplicate original to the Company Trustee in substantially in the form set forth in Section 206 stating on the reverse of the Debt Security, that the Holder holder elects to convert such Debt Security or a stated portion thereof constituting a multiple of $1,000 principal amount (or such other multiple as may be specified portion thereof. Such notice shall also statepursuant to Section 3.01), and, in the case of registered Debt Security, if different from the name and address of such Holder, the name or names Debt Security (with addressi) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities is surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from between the close of business on any the Regular Record Date to for any Interest Payment Date and the opening of business on the next succeeding such Interest Payment Date and (excluding Securities or portions thereof ii) has not been called for redemption during on a Redemption Date within such period) shall , accompanied also be accompanied by payment payment, by certified or official bank check drawn on a bank located in funds acceptable to the Company United States, of an amount equal to the interest payable on such Interest Payment Date on the principal amount of the Debt Security (or portion thereof) being surrendered for conversion; provided that no such Security then being converted, and such interest payment need be made if there shall be payable to such registered Holder notwithstanding exist on the conversion Date of such Security, subject to the provisions of Section 307 relating to Surrender a default in the payment of Defaulted Interest interest on the Debt Securities. The notice of conversion shall also state the name or names (with address and tax identification number) in which the certificate or certificates for N.V. Shares shall be delivered and the election of the Holder to receive such N.V. Shares in registered or bearer form or in the form of the depositary receipts issued by N.V. Nederlandsch Administratieen Trustkantoor (“Nedamtrust” and such depositary receipts, the “Nedamtrust Certificates”). Debt Securities surrendered for conversion shall be duly endorsed by, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Trustee duly executed by, the Holder or his attorney duly authorized in writing. Debt Securities in bearer form surrendered for conversion must be accompanied by all Coupons maturing subsequent to the date of such conversion failing which the amount of any such missing Coupon or Coupons will be deducted from the principal amount of such Debt Security for the purposes of determining the number of N.V. Shares to be issued upon such conversion. Unless Unilever N.V. is the Issuer, the Trustee, upon surrender of a Debt Security by the CompanyHolder for conversion and receipt of a fully executed notice of conversion with respect thereto pursuant to this Section, shall make demand on the Issuer, and the Issuer shall pay to the Trustee (which demand and payment, in the case of bearer Debt Securities, shall occur outside the United States of America), in immediately available funds, (i) an amount in guilders (based on the noon buying rate on the date of conversion in New York City for cable transfers of Netherlands guilders, as certified by the Federal Reserve Bank of New York) equal to the initial conversion price specified pursuant to Section 3.01 for Debt Securities of such series or the adjusted conversion price in effect at the date of conversion if an adjustment has been made pursuant to Section 15.06 (the “Subscription Price”) multiplied by the number of whole N.V. Shares deliverable to such Holder upon conversion and (ii) an amount in United States dollars, as provided in Section 15.04, in respect of any fraction of an N.V. Share otherwise deliverable upon conversion. As Except in the event the relevant holder has elected to receive Nedamtrust Certificates, upon receipt of such payment from the Issuer, the Trustee shall demand that Unilever N.V. issue or otherwise provide the Trustee with the number of whole N.V. Shares deliverable upon conversion against payment by the Trustee to Unilever N.V. of the Subscription Price per each such N.V. Share, and Unilever N.V. hereby agrees promptly to so issue or otherwise provide such N.V. Shares to the Trustee against such payment; in the case of a bearer Debt Security, such demand and issuance or other provision shall occur outside of the United States of America. In case a holder of convertible Debt Securities has elected to receive Nedamtrust Certificates, Unilever N.V. shall cause such Nedamtrust Certificates to be issued to such holder by Nedamtrust. In such case, upon receipt of the payment referred to above, the Trustee will demand that Unilever N.V. cause the Nedamtrust Certificates to be issued for the relevant number of Ordinary Shares FI. 4 against payment by the Trustee to Unilever N.V. of the Subscription Price for each such Ordinary Share Fl. 4 and Unilever N.V. will promptly cause Nedamtrust Certificates to be issued to or otherwise provided to the Trustee. Promptly upon such purchase, the Trustee will deliver such Nedamtrust Certificates to the relevant holder in satisfaction of such conversion. If Unilever N.V. is the Issuer of the Debt Security to be converted, as promptly as practicable on or after the receipt of such notice and of any payment required pursuant to a Board Resolution andconversion date, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company N.V. shall issue and shall deliver, deliver at the such office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares N.V. Shares issuable upon conversion or shall cause Nedamtrust Certificates to be issued and delivered, together with payment in lieu of Common Stock issuable any fraction of an N.V. Share, as provided in Section 15.04. As promptly as practicable after the purchase by the Trustee of such N.V. Shares (i) the Trustee shall deliver or cause to be delivered to such Holder, or on his written order (which delivery, in the case of N.V. Shares delivered with respect to a bearer debt security, shall occur outside of the United States of America), the number of full N.V. Shares (in registered or bearer form, as the Holder may elect) deliverable upon the conversion of such Security (Debt Security, duly endorsed or assigned as specified portion thereof)by such Holder, in accordance together with the provisions of such Board Resolutionpayment, Officers' Certificate or supplemental indenture, and cash as provided therein in Section 15.04, in respect of any fractional share N.V. Share otherwise deliverable upon conversion and (ii) in the case of conversion of a portion, but less than all, of a Debt Security, the Issuer shall execute, and the Trustee shall authenticate and deliver to the Holder thereof, without charge to him, a Debt Security or Debt Securities of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to series in the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights aggregate principal amount of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock unconverted portion of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented therebyDebt Security surrendered. Except as set forth above and subject to the final paragraph of Section 307otherwise expressly provided in this Section, no payment or adjustment shall be made upon any on conversion on account of any Debt Security for interest accrued on the Securities such Debt Security (or portion thereof so converted) or for dividends or distributions on any part thereof) surrendered for N.V. Shares issued upon conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Debt Security.

Appears in 2 contracts

Samples: Indenture (Unilever N V), Indenture (Unilever United States Inc)

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during the period beginning at the close of business on a Regular Record Date and ending at the opening of business on the first Business Day after the next succeeding Interest Payment Date, or if such periodInterest Payment Date is not a Business Day, the second such Business Day) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Officer's Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Officer's Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 2 contracts

Samples: Indenture (Maverick Tube Corporation), Maverick Tube Corporation

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Exercise of Conversion Privilege. In order (a) Conversion of this ---------------------------------- Debenture may be exercised on any Business Day by the Holder by telecopying an executed and completed Conversion Notice to exercise the Company prior to 5:00 p.m. Eastern Standard Time. Each date on which a conversion privilegeConversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the day following the Conversion Date. Until such time as a registration statement is in effect for the sale by the Holder of a Security of a series with such a privilege the Common Stock Issued at Conversion, the Common Stock Issued at Conversion shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially be issued in the form set forth name of Holder. Provided such registration statement is then in Section 206 stating that effect, the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, Conversion Notice may state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being convertedconversion, and such interest Stock shall be payable to issued in such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyname. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than five (5) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company's receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier, or if a Registration Statement covering the Common Stock has been declared effective by the SEC cause to be electronically transferred, to Holder (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion, Officers' Certificate or supplemental indenture(y) cash, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversionconversion and (z) cash or shares of Common Stock, as applicable, representing the amount of accrued and unpaid interest on this Debenture as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such paymentConversion Date, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 2 contracts

Samples: Seven Charles C, Thinka Weight Loss Corp

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this Debenture may be exercised on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) of the persons who are to become the holders of the Common Stock Issued at Conversion in connection with such conversion. The Holder shall deliver this Debenture by express courier within thirty (30) days following the date on which the certificate or certificates telecopied Conversion Notice has been transmitted to the Company. Upon surrender for shares of Common Stock which conversion, this Debenture shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required accompanied by a proper assignment hereof to the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyblank. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than three (3) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company's receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier, or if a Registration Statement covering the Common Stock has been declared effective by the SEC cause to be electronically transferred, to Holder (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion, Officers' Certificate or supplemental indenture(y) cash, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversionconversion and (z) cash or shares of Common Stock, as applicable, representing the amount of accrued and unpaid interest on this Debenture as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 1 contract

Samples: Paystar Corp

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this ----------------------------------- Debenture may be exercised on any Business Day by the Holder of a Security of a series with such a privilege shall surrender such Security by telecopying an executed and completed Conversion Notice to the Company at prior to 5:00pm Eastern Time for the office or agency maintained for that purpose pursuant to Section 1002, accompanied by City of New York. Each date on which a duly executed conversion notice Conversion Notice is telecopied to the Company substantially in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the form set forth manner provided below in this Section 206 stating that 3.2, and all voting and other rights associated with the Holder elects to convert such Security or a specified portion thereof. Such notice beneficial ownership of the Common Stock Issued at Conversion shall also state, if different from vest with the name and address of such Holder, effective as of the Conversion Date at the time specified in the Conversion Notice. The Conversion Notice also shall state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than five (5) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company's receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier, or if a Registration Statement covering the Common Stock has been declared effective by the SEC cause to be electronically transferred, to Holder (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion, Officers' Certificate or supplemental indenture(y) cash, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversionconversion and (z) cash or shares of Common Stock, as applicable, representing the amount of accrued and unpaid interest on this Debenture as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such paymentConversion Date , if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 1 contract

Samples: Sequiam Corp

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this Debenture may be exercised on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than two (2) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company’s receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier, or if a Registration Statement covering the Common Stock has been declared effective by the SEC cause to be electronically transferred, to Holder (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion, Officers' Certificate or supplemental indenture(y) cash, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversionconversion and (z) cash or shares of Common Stock, as applicable, representing the amount of accrued and unpaid interest on this Debenture as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.extent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder. ___________________ Initials ____________________ Initials

Appears in 1 contract

Samples: MultiCell Technologies, Inc.

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a Security of a series with such a privilege any ____% Debenture to be converted shall surrender such Security % Debenture, duly endorsed or assigned to the Company or in blank, at the any office or agency of the Company maintained for that purpose pursuant to Section 10021002 (any city in which any Conversion Agent is located being called herein a "Place of Conversion"), accompanied by a duly executed signed conversion notice to the Company substantially in the form set forth in Section 206 205 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state% Debenture or, if different from less than the name and address of such Holderentire principal amount thereof is to be converted, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall portion thereof to be issuable on such conversion shall be issuedconverted. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so Each % Debenture surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date next preceding any Interest Payment Date to the opening of business on the next succeeding such Interest Payment Date shall (excluding Securities except in the case of any ____% Debenture or portions portion thereof which has been called for redemption during on a Redemption Date, or which is repurchasable on a Repurchase Date, occurring, in either case, within such period) shall also be accompanied by payment in New York Clearing House funds or other funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then ____% Debenture (or part thereof, as the case may be) being convertedsurrendered for conversion. The interest so payable on such Interest Payment Date with respect to any % Debenture (or portion thereof, and if applicable) which has been called for redemption on a Redemption Date, or is repurchasable on a Repurchase Date, occurring, in either case, during the period from the close of business on any Regular Record Date next preceding any Interest Payment Date to the opening of business on such interest Interest Payment Date, which % Debenture (or portion thereof, if applicable) is surrendered for conversion during such period, shall be paid to the Holder of such % Debenture being converted in an amount equal to the interest that would have been payable on such % Debenture if such % Debenture had been converted as of the close of business on such Interest Payment Date. The interest so payable on such Interest Payment Date in respect of any % Debenture (or portion thereof, as the case may be) which has not been called for redemption on a Redemption Date, or is not eligible for repurchase on a Repurchase Date, occurring, in either case, during the period from the close of business on any Regular Record Date next preceding any Interest Payment Date to the opening of business on such registered Interest Payment Date, which % Debenture (or portion thereof, as the case may be) is surrendered for conversion during such period, shall be paid to the Holder of such % Debenture as of such Regular Record Date. Interest payable in respect of any % Debenture surrendered for conversion on or after an Interest Payment Date shall be paid to the Holder of such ____% Debenture as of the next preceding Regular Record Date, notwithstanding the conversion exercise of such Security, the right of conversion. Except as provided in this paragraph and subject to the provisions last paragraph of Section 307 relating 307, no cash payment or adjustment shall be made upon any conversion on account of any interest accrued from the Interest Payment Date next preceding the conversion date, in respect of any % Debenture (or part thereof, as the case may be) surrendered for conversion, or on account of any dividends on the Common Stock issued upon conversion. The Company's delivery to the payment Holder of Defaulted Interest by the number of shares of Common Stock (and cash in lieu of fractions thereof, as provided in this Indenture) into which a % Debenture is convertible will be deemed to satisfy the Company's obligation to pay the principal amount of the % Debenture. % Debentures shall be deemed to have been converted immediately prior to the close of business on the day of surrender of such % Debentures for conversion in accordance with the foregoing provisions, and at such time the rights of the Holders of such ____% Debentures as Holders shall cease, and the Person or Persons entitled to receive the Common Stock issuable upon conversion shall be treated for all purposes as the record holder or holders of such Common Stock at such time. As promptly as practicable on or after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeconversion date, the Company shall issue and shall deliverdeliver to the Trustee, at for delivery to the office or agency at which such Security is surrendered, to such Holder or on its written orderHolder, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion conversion, together with payment in lieu of such Security (or specified portion thereof)any fraction of a share, in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion1403. In the case of any Security % Debenture which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security % Debenture or Securities of the same series, ____% Debentures of authorized denominations, denominations in an aggregate principal amount equal to the unconverted portion of the principal amount of such Security% Debenture. A % Debenture may be converted in part, but only if the principal amount of such % Debenture to be converted is any integral multiple of $1,000 and the principal amount of such security to remain Outstanding after such conversion is equal to $1,000 or any integral multiple of $1,000 in excess thereof.

Appears in 1 contract

Samples: First Supplemental Indenture (Inacom Corp)

Exercise of Conversion Privilege. In order to exercise a the conversion privilegeprivilege with respect to any Note, the Holder of a Security of a series with such a privilege any Note to be converted shall surrender such Security Note, duly endorsed or assigned to the Company or in blank, at the any office or agency maintained for that purpose by the Company pursuant to Section 1002this Agreement, accompanied by a duly executed conversion (a) written notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also stateNote or, if different from less than the entire principal amount thereof is to be converted, the portion thereof to be converted, (b) the funds, if any, required by this Section, and (c) if Common Stock or any portion of such Note not to be converted are to be issued in the name and address of such Holdera Person other than the Holder thereof, the name or names (with address) of the Person in which the certificate or certificates for shares of to issue such Common Stock which shall or portion of the Note and the transfer taxes, if any, required to be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required paid by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory Holder pursuant to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companythis Agreement. As promptly as practicable after satisfaction of the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, requirements for conversion set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeabove, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, deliver to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (Note or specified portion thereof), thereof in accordance with the provisions of such Board Resolution, Officers' Certificate this Section and a check or supplemental indenture, and cash as provided therein in respect of any fractional interest in respect of a share of such Common Stock otherwise issuable arising upon such conversion, as provided in Section 10.3. Such In case any Note of a denomination greater than $1,000 shall be surrendered for partial conversion, and subject to Section 2, the Company shall execute and deliver to the Holder of the Note so surrendered, without charge, a new Note or Notes in authorized denominations in an aggregate principal amount equal to the unconverted portion of the surrendered Note. Each conversion shall be deemed to have been effected immediately prior as to the close of business any such Note (or portion thereof) on the date on which such notice and such payment, if required, shall the requirements set forth above in this Section 10.2 have been received in proper order for conversion by the Company and satisfied as to such Security shall have been surrendered as aforesaid Note (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such dateor portion thereof), in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons Person in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become on said date the Holder or Holders holder of record of the shares represented thereby; provided however that any such surrender on any date when the stock transfer books of the Company shall be closed shall constitute the Person in whose name the certificates are to be issued as the record holder thereof for all purposes on the next succeeding day on which such stock transfer books are open, but such conversion shall be at the Conversion Rate in effect on the date upon which such Note shall be surrendered. Any Note or portion thereof surrendered for conversion during the period from the close of business on the record date for any interest payment date to the close of business on the Business Day next preceding the following interest payment date that has not been called for redemption during such period, shall be accompanied by payment, in immediately available funds or other funds acceptable to the Company, of an amount equal to the interest otherwise payable on such interest payment date on the principal amount being converted; provided however that no such payment need be made to the extent any overdue interest shall exist at the time of conversion with respect to any such Note or portion thereof. Except as set forth provided above and subject to the final paragraph of in this Section 30710.2, no payment or other adjustment shall be made upon any conversion on account of any for interest accrued on the Securities (any Note converted or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company any shares issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such SecurityNote as provided in this Section 10.

Appears in 1 contract

Samples: Securities Purchase Agreement (Wilson Holdings, Inc.)

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such convertible Security to the Company at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert such convertible Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock representing the Exchange Securities which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations procedures as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock Exchange Securities issuable upon the conversion of such convertible Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock Exchange Security otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on 69 such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of representing the Company Exchange Securities shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares Exchange Securities represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends dividends, if applicable, on the Common Stock of the Company Exchange Securities issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 1 contract

Samples: Indenture (Nabors Industries LTD)

Exercise of Conversion Privilege. In order to To exercise a its conversion privilege, the Holder a holder of a Security of a series with such a privilege Series B Junior Preferred Stock shall surrender such Security the certificate or certificates representing the shares being converted to the Company Corporation at the office or agency maintained for that purpose pursuant to Section 1002its principal office, accompanied by a duly executed conversion and shall give written notice to the Company substantially in the form set forth in Section 206 stating Corporation at that the Holder office that such holder elects to convert such Security or a specified portion thereofshares. Such notice shall also state, if different from the name and address of such Holder, state the name or names (with addressaddress or addresses) in which the certificate or certificates for shares of Common Stock which shall be issuable on upon such conversion shall be issued. Securities The certificate or certificates for shares of Series B Junior Preferred Stock surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable proper assignment thereof to the Company Corporation or in blank. The date when such written notice is received by the Corporation, together with the certificate or certificates representing the shares of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then Series B Junior Preferred Stock being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company"Conversion Date". As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Date, the Company Corporation shall issue and shall deliverdeliver to the holder of the shares of Series B Junior Preferred Stock being converted, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a such certificate or certificates as it may request for the number of full whole shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), shares of Series B Junior Preferred Stock in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenturethis Section B5, and cash cash, as provided therein in Section B5.9, in respect of any fractional fraction of a share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such paymentConversion Date, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder holder as holder of such Security as such Security Holder the converted shares of Series B Junior Preferred Stock shall cease and the person or persons person(s) in whose name or names name(s) any certificate or certificates certificate(s) for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares of Common Stock represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Emerge Interactive Inc)

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Security of a series with such a privilege to be converted shall surrender such Security to the Company at the any time during usual business hours at its office or agency maintained for that the purpose pursuant to Section 1002as provided in this Indenture, accompanied by a duly fully executed conversion notice to the Company written notice, in substantially in the form set forth in Section 206 stating on the reverse of the Security, that the Holder elects to convert such Security or a specified stated portion thereofthereof constituting a multiple of $1,000 principal amount, and, if such Security is surrendered for conversion during the period between the close of business on any Record Date and the opening of business on the next following Interest Payment Date and has not been called for redemption on a Redemption Date which occurs within such period, accompanied (except in the case of the Interest Payment Date occurring on December 15, 1999) also by payment of an amount equal to the interest payable on such Interest Payment Date on the principal amount of the Security being surrendered for conversion, notwithstanding such conversion. Such notice of conversion shall also state, if different from the name and address of such Holder, state the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so reasonably required by the Company or the Trustee) be duly endorsed by by, or be accompanied by a written instrument or instruments of transfer in forms form satisfactory to the Company and the Trustee duly executed by by, the registered Holder or its his attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeaforesaid, the Company shall shall, subject to the provisions of Section 13.8 hereof, issue and shall deliver, deliver at the such office or agency at which such Security is surrendered, to such Holder Holder, or on its his written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the on such conversion of such Security (or specified portion thereof), Securities in accordance with the provisions of such Board Resolutionthis Article XIII and Cash, Officers' Certificate or supplemental indenture, and cash as provided therein in Section 13.3 hereof, in respect of any fractional fraction of a share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date (herein called the "Date of Conversion") on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such dateaforesaid, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become on the Holder Date of Conversion the holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to ; provided, however, that any such surrender on any date when the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock stock transfer books of the Company shall be closed shall cause the person or persons in whose name or names the certificate or certificates for such shares are to be issued upon to be deemed to have become the record holder or holders thereof for all purposes at the opening of business on the next succeeding day on which such conversionstock transfer books are open but such conversion shall nevertheless be at the conversion price in effect at the close of business on the date when such Security shall have been so surrendered with the conversion notice. In the case of any Security which is converted in part onlyconversion of a portion, upon such conversion but less than all, of a Security, the Company shall execute as promptly as practicable execute, and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of in the same series, of authorized denominations, in aggregate principal amount equal to of the unconverted portion of such the Security surrendered. Except as otherwise expressly provided in this Indenture, no payment or adjustment shall be made for interest accrued on any Security (or portion thereof) converted or for dividends or distributions on any Common Stock issued upon conversion of any Security.

Appears in 1 contract

Samples: Indenture (Occusystems Inc)

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Security of a series with such a privilege to be converted shall surrender such Security to the Company Conversion Agent at the any time during usual business hours at its office or agency maintained for that the purpose pursuant to as provided in Section 10024.2, accompanied by a duly fully executed conversion notice to the Company written notice, in substantially in the form set forth in Section 206 stating on the reverse of the Security, that the Holder elects to convert such Security or a specified stated portion thereofthereof constituting a multiple of $1,000 in principal amount, and, if such Security is surrendered for conversion during the period between the close of business on any record date for such Security and the opening of business on the related interest payment date and has not been called for redemption on a Redemption Date within such period (or on such interest payment date), accompanied also by payment of an amount equal to the interest payable on such interest payment date on the portion of the principal amount of the Security being surrendered for conversion. No interest shall be payable on any Security called for redemption which is converted between the record date and the opening of business of the next succeeding interest payment date. Such notice shall also state, if different from the name and address of such Holder, state the name or names (with and address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion issued (or to whom payment in cash in lieu of Common Stock shall be issuedmade). Securities surrendered for conversion shall (if so required by the Company or the TrusteeConversion Agent) be duly endorsed by by, or be accompanied by a written instrument or instruments of transfer in forms form satisfactory to the Company and the Trustee Conversion Agent duly executed by by, the registered Holder or its his attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeaforesaid, the Company shall shall, subject to the provisions of Section 12.7, issue and shall deliver, deliver at the such office or agency at which such Security is surrendered, to such Holder Holder, or on its his written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the on conversion of such Security (or specified portion thereof), in accordance with the provisions of such Security and cash, as provided in Section 12.3, in respect of any fraction of a share of Common Stock otherwise issuable upon such conversion or, if so provided in a Board Resolution, Officers' Certificate or executed supplemental indenture, indenture referred to in Section 2.1 by or pursuant to which the form and cash as provided therein in respect terms of any fractional share the Securities of such Series were established, cash in lieu of shares of Common Stock otherwise issuable upon such conversionStock. Such conversion shall be at the Conversion Price in effect, and shall be deemed to have been effected effected, immediately prior to the close of business on the date (herein called the "Date of Conversion") on which such notice and such payment, if required, in proper form shall have been received in proper order for conversion by the Company Conversion Agent and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such dateaforesaid, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person Person or persons Persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable issuable, if any, upon such conversion shall be deemed to have become on the Holder Date of Conversion the holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to ; provided, however, that any such surrender on any date when the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock stock transfer books of the Company issued upon shall be closed shall constitute the Person or Persons in whose name or names the certificate or certificates for such conversionshares are to be issued, if any, as the record holder or holders thereof for all purposes at the opening of business on the next succeeding day on which such stock transfer books are open but such conversion shall nevertheless be at the Conversion Price in effect at the close of business on the date when such Security shall have been so surrendered with the conversion notice in proper form. In the case of any Security which is converted in part onlyconversion of a portion, upon such conversion but less than all, of a Security, the Company shall execute execute, and the Trustee shall authenticate and deliver make available for delivery to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of in the same series, of authorized denominations, in aggregate principal amount equal to of the unconverted portion of the Security surrendered. Except as otherwise expressly provided in this Indenture, no payment or adjustment shall be made for interest accrued on any Security (or portion thereof) converted or for dividends or distributions on any Common Stock issued upon conversion of any Security. The right, if any, of a Holder of any Security to cause the Company to redeem, purchase or repay such Security shall terminate upon receipt by the Company of any notice of conversion of such Security.

Appears in 1 contract

Samples: Kellwood Co

Exercise of Conversion Privilege. In order Conversion of this Note may be exercised by the Company by providing notice via telecopying, mailing or e-mailing as a PDF attachment an executed and completed Conversion Notice to exercise a conversion privilegethe Holder on the Conversion Date. If so exercised, the Holder Company shall convert this Note and issue the Common Stock in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of a Security the Common Stock Issued at Conversion shall vest with the Holder, effective as of a series with such a privilege shall surrender such Security to the Company Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or event not more indentures supplemental hereto setting forth the terms than five (5) Business Days after Holder’s delivery of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier a certificate or certificate(s) representing the number of Common Securities to which the Holder is entitled by virtue of such Board Resolution, Officers' Certificate or supplemental indentureconversion, and cash cash, as provided therein in respect Section 3.3, as applicable, representing the amount of any fractional share accrued and unpaid interest on this Note as of such Common Stock otherwise issuable upon such conversionthe Conversion Date. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Note, as such Security Holder shall cease (except if and to the extent that any Principal Amount thereof remains unconverted), and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Securities represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Securities shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Common Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription to surrender this Note and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted).

Appears in 1 contract

Samples: Convertible Note Purchase Agreement

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company Issuer at the office or agency maintained for that purpose pursuant to Section 1002purpose, accompanied by a duly executed conversion notice to the Company substantially written notice, in the form set forth in Section 206 stating or prescribed by such Security, to the Issuer that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company Issuer or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company Issuer and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date record date to the opening of business on the next succeeding Interest Payment Date interest payment date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company Issuer of an amount equal to the interest payable on such Interest Payment Date interest payment date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 2.7 relating to the payment of Defaulted Interest defaulted interest by the CompanyIssuer. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 3032.4, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company Issuer may prescribe, the Company Issuer shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company Issuer and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company Issuer to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company Issuer shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 3072.7, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company Issuer issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company Issuer shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the CompanyIssuer, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 1 contract

Samples: Chubb Capital Trust Iii

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security of a any series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities of such series surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and and, if expressly specified, as contemplated by Section 301, to be applicable to any series of Securities, Securities of such series so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303301, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, the Securities and the surrender of such Security Securities in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person Person or persons Persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) of such series surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security of any series which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver make available for delivery to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same such series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 1 contract

Samples: Nuevo Energy Co

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder holder of a any Security of a series with such a privilege to be converted shall surrender such Security to the Company at any time during usual business hours at the office offices or agency agencies to be maintained for that purpose pursuant by the Company in accordance with the provisions of Section 4.02 with respect to Section 1002the Securities to be converted, accompanied by a duly fully executed conversion notice to the Company substantially written notice, in the form set forth in Section 206 stating on the reverse of the Security, that the Holder holder elects to convert such Security or a specified stated portion thereofthereof constituting a whole multiple of $1,000 principal amount, and, if such Security is surrendered for conversion during the period between the close of business on the record date next preceding the Interest Payment Date (as defined in the Security) and the opening of business on the Interest Payment Date and has not been called for redemption on a redemption date within such period (or on such Interest Payment Date), accompanied also by payment of an amount equal to the interest payable on such Interest Payment Date on the principal amount of the Security being surrendered for conversion. Such notice shall also state, if different from the name and address of such Holder, state the name or names (with address) in which the certificate or certificates for shares of Common Capital Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trusteeregistrar of such Securities) be duly endorsed by by, or be accompanied by written instrument or instruments of transfer in forms form satisfactory to the Company and the Trustee such registrar duly executed by by, the registered Holder holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeaforesaid, the Company shall shall, subject to the provisions of Section 15.09, issue and shall deliver, deliver at the such office or agency at which such Security is surrendered, to such Holder holder, or to such other person on its his written order, a certificate or certificates for the number of full shares of Common Capital Stock issuable upon the on such conversion of such Security (or specified portion thereof), Securities in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, this Article and cash as provided therein in Section 15.04, in respect of any fractional fraction of a share of such Common Capital Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date (herein called the "Date of Conversion") on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid aforesaid, accompanied (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior if required by this Section) also by payment of an amount equal to the close of business interest payable on such date) and at such time the rights next Interest Payment Date on the principal amount of the Holder of such Security as such Security Holder shall cease being surrendered for conversion, and the person or persons in whose name or names any certificate or certificates for shares of Common Capital Stock of the Company shall be issuable upon such conversion shall be deemed to have become on the Holder Date of Conversion the holder or Holders holders of record of the shares of Capital Stock represented thereby. Except as set forth above and subject to ; provided, however, that any such surrender on any date when the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock stock transfer books of the Company shall be closed shall constitute the person or persons in whose name or names the certificate or certificates for such shares are to be issued upon as the recordholder or holders thereof for all purposes at the opening of business on the next succeeding day on which such conversion. In the case of any Security which is converted in part only, upon stock transfer books are open but such conversion shall nevertheless be at the Company shall execute and conversion price in effect at the Trustee shall authenticate and deliver to or close of business on the order of the Holder thereof, at the expense of the Company, a new date when such Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.shall have been so surrendered with the

Appears in 1 contract

Samples: Indenture (Bear Stearns Companies Inc)

Exercise of Conversion Privilege. In order to exercise a the conversion privilegeprivilege with respect to any Security in certificated form, the Holder of a any Security of a series with such a privilege to be converted shall surrender such Security to the Company at the any time during usual business hours at its office or agency maintained for that the purpose pursuant to Section 1002as provided in this Indenture, accompanied by a duly fully executed conversion notice to the Company written notice, in substantially in the form set forth in Section 206 stating on the reverse of the Security, that the Holder elects to convert such Security or a specified stated portion thereofthereof constituting a multiple of $1,000 principal amount, and, if such Security is surrendered for conversion during the period between the close of business on any Record Date and the opening of business on the next following Interest Payment Date and has not been called for redemption on a Redemption Date which occurs within such period, accompanied (except in the case of the Interest Payment Date occurring on March 15, 2001) also by payment of an amount equal to the interest payable on such Interest Payment Date on the principal amount of the Security being surrendered for conversion, notwithstanding such conversion. Such notice of conversion shall also state, if different from the name and address of such Holder, state the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so reasonably required by the Company or the Trustee) be duly endorsed by by, or be accompanied by a written instrument or instruments of transfer in forms form satisfactory to the Company and the Trustee duly executed by by, the registered Holder or its his attorney duly authorized in writing; and Securities so surrendered . In order to exercise the conversion privilege with respect to any interest in a Security in global form, the beneficial Holder must complete the appropriate instruction form for conversion (in whole or in part) during the period from the close of business on any Regular Record Date pursuant to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during Depositary's book-entry conversion program, deliver by book-entry delivery an interest in such period) shall also be accompanied Security in global form, furnish appropriate endorsements and transfer documents if required by payment in funds acceptable to the Company of an amount equal to or the interest payable on such Interest Payment Date on the principal amount of such Security then being convertedTrustee, and such interest shall be payable to such registered Holder notwithstanding pay the conversion of such Securityfunds, subject to the provisions of if any, required by this Section 307 relating to the payment of Defaulted Interest by the Company13.2. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeaforesaid, the Company shall shall, subject to the provisions of Section 13.8 hereof, issue and shall deliver, deliver at the such office or agency at which such Security is surrendered, to such Holder Holder, or on its his written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the on such conversion of such Security (or specified portion thereof), Securities in accordance with the provisions of such Board Resolutionthis Article XIII and Cash, Officers' Certificate or supplemental indenture, and cash as provided therein in Section 13.3 hereof, in respect of any fractional fraction of a share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date (herein called the "Date of Conversion") on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such dateaforesaid, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become on the Holder Date of Conversion the holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to ; provided, however, that any such surrender on any date when the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock stock transfer books of the Company shall be closed shall cause the person or persons in whose name or names the certificate or certificates for such shares are to be issued upon to be deemed to have become the record holder or holders thereof for all purposes at the opening of business on the next succeeding day on which such conversionstock transfer books are open but such conversion shall nevertheless be at the conversion price in effect at the close of business on the date when such Security shall have been so surrendered with the conversion notice. In the case of any Security which is converted in part onlyconversion of a portion, upon such conversion but less than all, of a Security, the Company shall execute as promptly as practicable execute, and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of in the same series, of authorized denominations, in aggregate principal amount equal to of the unconverted portion of the Security surrendered. Upon the conversion of an interest in a Security in global form, the Trustee shall make a notation of such Security in global form as to the reduction in the principal amount represented thereby as a result of such conversion. Except as otherwise expressly provided in this Indenture, no payment or adjustment shall be made for interest accrued on any Security (or portion thereof) converted or for dividends or distributions on any Common Stock issued upon conversion of any Security.

Appears in 1 contract

Samples: Concentra Managed Care Inc

Exercise of Conversion Privilege. In order to exercise a conversion privilege(a) Conversion of the Series I Preferred Stock may be exercised, in whole or in part, by the Holder of a Security of a series with such a privilege shall surrender such Security by transmitting via facsimile an executed and completed Conversion Notice to the Company Corporation. Each date on which a Conversion Notice is transmitted via facsimile to the Corporation in accordance with the provisions of this Section 6.2 shall constitute a Conversion Date. The Corporation shall convert the Preferred Stock and issue the Common Stock Issued at Conversion, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) in which of the certificate or certificates for shares Persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than five Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Corporation's receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company Corporation shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), issued at Conversion in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenturethis Article 6, and cash (ii) utilize the DWAC system or cause to be mailed for delivery by overnight courier to the Holder (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such conversion, (y) cash, as provided therein in Section 6.3, in respect of any fractional share fraction of such a Common Stock otherwise Share issuable upon such conversionconversion and (z) if the Corporation chooses to pay accrued and unpaid dividends in cash, cash in the amount of accrued and unpaid dividends as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) Conversion Notice indicates and at such time the rights of the Holder of such Security the Preferred Stock with regard to the Series I Preferred Stock so converted, as such Security Holder such, shall cease and the person Person or persons Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented therebythereby and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Corporation, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominationsand, in aggregate principal amount equal to the unconverted portion payment and satisfaction of such Securitysubscription (and for any cash adjustment to which it is entitled pursuant to Section 6.3), to surrender the Series I Preferred Stock and to release the Corporation from all liability thereon. No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 1 contract

Samples: Exchange Agreement (Commodore Applied Technologies Inc)

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this Debenture may be exercised on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than two (2) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company’s receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier, or if a Registration Statement covering the Common Stock has been declared effective by the SEC cause to be electronically transferred, to Holder (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion, Officers' Certificate or supplemental indenture(y) cash, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversionconversion and (z) cash or shares of Common Stock, as applicable, representing the amount of accrued and unpaid interest on this Debenture as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to as of the close of business on the date on which such notice and such paymentConversion Date, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.extent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder. ___________________ Initials ____________________ Initials

Appears in 1 contract

Samples: 3dicon Corp

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Definitive Security of a series with such a privilege to be converted shall surrender such Security Security, duly endorsed or assigned to the Company or in blank (in the case of any Registered Security), at the office or agency maintained for that purpose pursuant to Section 1002any applicable Place of Conversion, accompanied by a duly executed signed and completed conversion notice to the Company substantially in the form set forth in Section 206 attached hereto as Exhibit B stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also stateor, if different less than the entire principal amount thereof is to be converted, the portion thereof to be converted. Each Bearer Security surrendered for conversion must be surrendered together with all Coupons appertaining thereto that mature after the Conversion Date. If any Bearer Security surrendered for conversion shall not be accompanied by all such appurtenant Coupons, the surrender of any or all of such missing Coupons may be waived by the Company and the Trustee, if there be furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. Matured Coupons not in default (including Coupons maturing on the Conversion Date) will be payable against surrender thereof, and matured Coupons previously surrendered and in default will continue to be payable, notwithstanding the exercise of the right of conversion by the Holder of the Security to which the Coupon appertains. Accrued interest from the name immediately preceding Interest Payment Date until the Conversion Date (and address Additional Amounts, if any, thereon) will be paid, through the Paying Agent, in the same manner as regular payments of such Holderinterest and as provided in Section 307, within five Business Days after the name or names (with address) in which Conversion Date. The Company's delivery to the certificate or certificates for Holder of the fixed number of shares of Common Stock (or cash or in lieu thereof, as provided in this Indenture) into which a Definitive Security is convertible will be deemed to satisfy the Company's obligation to pay the principal amount of the Security. Definitive Securities shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory deemed to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from have been converted immediately prior to the close of business on any Regular Record Date to the opening day of business on the next succeeding Interest Payment Date surrender of such Securities for conversion (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment a duly signed and completed conversion notice as contemplated above) in funds acceptable accordance with the foregoing provisions, and at such time the rights of the Holders of such Securities as Holders shall cease, and the Person or Persons entitled to receive the Common Stock issuable upon conversion shall be treated for all purposes as the record holder or holders of such Common Stock at such time; provided, however, that if the Company exercises -------- ------- the Cash Settlement Option, then the Person or Persons who were to receive the Common Stock upon conversion shall not be deemed to have ever been a record holder of an amount equal the Common Stock as to which the interest payable on such Interest Payment Date on the principal amount of such Security then being convertedCash Settlement Option has been exercised. Subject to Section 1201, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As as promptly as practicable on or after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Date, the Company shall issue and shall deliverdeliver to the Trustee, at for delivery to the office or agency at which such Security is surrendered, to such Holder or on its written orderHolder, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion conversion, together with payment in lieu of such Security (or specified portion thereof)any fraction of a share, in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion1203. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, denominations in an aggregate principal amount equal to the unconverted portion of the principal amount of such Security. A Security may be converted in part, but only if the principal amount of such Security to be converted is any integral multiple of U.S. $1,000 and the principal amount of such security to remain Outstanding after such conversion is equal to U.S. $1,000 or any integral multiple of $1,000 in excess thereof.

Appears in 1 contract

Samples: Indenture (Thermo Electron Corp)

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Security of a series with such a privilege shall surrender such Security Security, duly endorsed or assigned to the Company or in blank, at the any office or agency of the Issuer maintained for that purpose pursuant to Section 10023.2, accompanied by a duly executed conversion written notice to the Company substantially Issuer in the form set forth provided in Section 206 stating the Security (or such other notice as is acceptable to the Issuer) at such office or agency that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also stateor, if different from less than the name and address of such Holderentire principal amount thereof is to be converted, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall portion thereof to be issuable on such conversion shall be issuedconverted. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from after the close of business on any Regular Record Date to regular record date next preceding any interest payment date and until the opening close of business on such interest payment date shall (except in the next succeeding Interest Payment Date (excluding case of Securities or portions thereof which have been called for redemption during such periodredemption) shall also be accompanied by payment in New York Clearing House funds or other funds acceptable to the Company Issuer of an amount equal to the interest payable on such Interest Payment Date interest payment date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates surrendered for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to provided in the final paragraph of Section 307immediately preceding sentence, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock issued upon conversion. Securities shall be deemed to have been converted immediately prior to the close of business on the day of surrender of such Securities for conversion in accordance with the foregoing provisions, and at such time the rights of the Company issued Holders of such Securities as Holders shall cease, and the Person or Persons entitled to receive the Common Stock issuable upon conversion shall be treated for all purposes as the record holder or holders of such Common Stock as and after such time. As promptly as practicable on or after the conversion date, the Issuer shall issue and shall deliver at such office or agency a certificate or certificates for the number of full shares of Common Stock issuable upon conversion, together with payment in lieu of any fraction of a share, as provided in Section 14.4. In the case of any Security which is converted in part only, upon such conversion the Company Issuer shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the CompanyIssuer, a new Security or Securities of the same series, of authorized denominations, denominations in aggregate principal amount equal to the unconverted portion of the principal amount of such Security.

Appears in 1 contract

Samples: Belco Oil & Gas Corp

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a Security of a series with such a privilege any Note to be converted shall surrender such Security Note to the Company at the any time during usual business hours at its office or agency maintained for that the purpose pursuant to Section 1002as provided in this Indenture, accompanied by a duly fully executed conversion notice to the Company written notice, in substantially in the form set forth in Section 206 stating on the reverse of the Note, that the Holder elects to convert such Security Note or a specified stated portion thereofthereof constituting an integral multiple of $1,000 principal amount, and, if such Note is surrendered for conversion during the period between the close of business on any Record Date and the opening of business on the next following Interest Payment Date and has not been called for redemption on a Redemption Date which occurs within such period, accompanied (except in the case of the Interest Payment Date occurring on November 1, 2000) also by payment of an amount equal to the interest payable on such Interest Payment Date on the principal amount of the Note being surrendered for conversion, notwithstanding such conversion. Such notice of conversion shall also state, if different from the name and address of such Holder, state the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities Notes surrendered for conversion shall (if so reasonably required by the Company or the Trustee) be duly endorsed by by, or be accompanied by a written instrument or instruments of transfer in forms form satisfactory to the Company and the Trustee duly executed by by, the registered Holder or its his attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations Note as the Company may prescribeaforesaid, the Company shall shall, subject to the provisions of Section 13.8 hereof, issue and shall deliver, deliver at the such office or agency at which such Security is surrendered, to such Holder Holder, or on its his written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the on such conversion of such Security (or specified portion thereof), Notes in accordance with the provisions of such Board Resolutionthis Article XIII and Cash, Officers' Certificate or supplemental indenture, and cash as provided therein in Section 13.3 hereof, in respect of any fractional fraction of a share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date (herein called the "Date of Conversion") on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security Note shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such dateaforesaid, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become on the Holder Date of Conversion the holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to ; provided, however, that any such surrender on any date when the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock stock transfer books of the Company shall be closed shall cause the person or persons in whose name or names the certificate or certificates for such shares are to be issued upon to be deemed to have become the record holder or holders thereof for all purposes at the opening of business on the next succeeding day on which such conversionstock transfer books are open but such conversion shall nevertheless be at the conversion price in effect at the close of business on the date when such Note shall have been so surrendered with the conversion notice. In the case of any Security which is converted in part onlyconversion of a portion, upon such conversion but less than all, of a Note, the Company shall execute as promptly as practicable execute, and the Trustee shall thereafter authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security Note or Securities of Notes in the same series, of authorized denominations, in aggregate principal amount equal to of the unconverted portion of such Securitythe Note surrendered. Except as otherwise expressly provided in this Indenture, no payment or adjustment shall be made for interest accrued on any Note (or portion thereof) converted or for dividends or distributions on any Common Stock issued upon conversion of any Note.

Appears in 1 contract

Samples: Fine Host Corp

Exercise of Conversion Privilege. In order to exercise a conversion or exchange privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert or exchange such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate Securities are registered, the name or certificates names in which the securities or property (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for shares a primary offering of Common Stock its securities) of the Company which shall be issuable on such conversion or exchange shall be issued. Securities surrendered for conversion or exchange shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) exchange during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion or exchange of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, securities or property (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for a certificate primary offering of its securities) of the Company issuable or certificates for the number of full shares of Common Stock issuable deliverable upon the conversion or exchange of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock common stock otherwise issuable upon such conversionconversion or exchange. Such conversion or exchange shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion or exchange by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion or exchange on a particular date following such surrender and such Holder shall be entitled to convert or exchange such Security on such date, in which case such conversion or exchange shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate securities or certificates property (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for shares a primary offering of Common Stock its securities) of the Company shall be issuable or deliverable upon such conversion or exchange shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion or exchange on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or exchange or on account of any interest or dividends on the Common Stock securities or property (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for a primary offering of its securities) of the Company issued or delivered upon such conversionconversion or exchange. In the case of any Security which is converted or exchanged in part only, upon such conversion or exchange the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted or unexchanged portion of such Security.

Appears in 1 contract

Samples: Junior Subordinated Indenture (Delphi Financial Group Inc/De)

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Security of a series with such a privilege to be converted shall surrender such Security to the Company Issuer at the any time during usual business hours at its office or agency maintained for that the purpose pursuant to Section 1002as provided in this Indenture, accompanied by a duly fully executed conversion notice to the Company written notice, in substantially in the form set forth in Section 206 stating on the reverse of the Security, that the Holder elects to convert such Security or a specified stated portion thereofthereof constituting a multiple of $1,000 principal amount, and, if such Security is surrendered for conversion during the period between the close of business on any record date and the opening of business on the next following Interest Payment Date and has not been called for redemption on a Redemption Date which occurs within such period, accompanied also by payment to the Issuer of an amount equal to the interest payable on such Interest Payment Date on the principal amount of the Security being surrendered for conversion, notwithstanding such conversion; provided, however, that no such payment shall be required with respect to interest payable on April 1, 2001. The Holder of any Security at the close of business on a record date will be entitled to receive the interest payable on such Security on the corresponding Interest Payment Date notwithstanding the conversion thereof after such record date. The interest payment with respect to a Note called for redemption on a date during the period from the close of business on or after any record date to the close of business on the Business Day following the corresponding Interest Payment Date will be payable on the corresponding Interest Payment Date to the registered Holder at the close of business on that record date (notwithstanding the conversion of such Note before the corresponding Interest Payment Date), and a Holder who elects to convert need not include funds equal to the interest paid. Such notice of conversion shall also state, if different from the name and address of such Holder, state the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so reasonably required by the Company Issuer or the Trustee) be duly endorsed by by, or be accompanied by a written instrument or instruments of transfer in forms form satisfactory to the Company and the Trustee Issuer duly executed by by, the registered Holder or its his attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeaforesaid, the Company shall Issuer shall, subject to the provisions of Section 14.9 hereof, issue and shall deliver, deliver at the such office or agency at which such Security is surrendered, to such Holder Holder, or on its his written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the on such conversion of such Security (or specified portion thereof), Securities in accordance with the provisions of such Board Resolutionthis Article Fourteen and Cash, Officers' Certificate or supplemental indenture, and cash as provided therein in Section 14.3 hereof, in respect of any fractional fraction of a share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date (herein called the "Date of Conversion") on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such dateaforesaid, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become on the Holder Date of Conversion the holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to ; provided, however, that any such surrender on any date when the final paragraph stock transfer books of Section 307, no payment or adjustment the Issuer shall be made upon any conversion on account closed shall cause the person or persons in whose name or names the certificate or certificates for such shares are to be issued to be deemed to have become the record holder or holders thereof for all purposes at the opening of any interest accrued business on the Securities (or any part thereof) surrendered for next succeeding day on which such stock transfer books are open, but such conversion or on account shall nevertheless be at the Conversion Price in effect at the close of any dividends business on the Common Stock of date when such Security shall have been so surrendered with the Company issued upon such conversionconversion notice. In the case of any Security which is converted in part onlyconversion of a portion, upon such conversion but less than all, of a Security, the Company Issuer shall execute as promptly as practicable execute, and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the CompanyIssuer, a new Security or Securities of in the same series, of authorized denominations, in aggregate principal amount equal to of the unconverted portion of such the Security surrendered. Except as otherwise expressly provided in this Indenture, no payment or adjustment shall be made for interest accrued on any Security (or portion thereof) converted or for dividends or distributions on any Common Stock issued upon conversion of any Security.

Appears in 1 contract

Samples: First Supplemental Indenture (Emcor Group Inc)

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a Security of a series with such a privilege any Note shall surrender such Security Note, duly endorsed or assigned to the Company or in blank, at the any office or agency of the Company maintained for that purpose pursuant to Section 10022.03, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth provided in Section 206 stating the Note (or such other notice as is acceptable to the Company) at such office or agency that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also stateNote or, if different from less than the name and address of such Holderentire principal amount thereof is to be converted, the name or names (with address) in portion thereof to be converted. In the case of any Note which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities is surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on through and including the next succeeding Interest Payment Date (excluding Securities other than any Note whose Stated Maturity is prior to such Interest Payment Date), interest whose Stated Maturity is on such Interest Payment Date shall be payable on such Interest Payment Date notwithstanding such conversion, and such interest (whether or not punctually paid or duly provided for) shall be paid to the Person in whose name that Note is registered at the close of business on such Regular Record Date; provided, however, that Notes so surrendered for conversion shall (except in the case of Notes or portions thereof which have been called for redemption during on a Redemption Date within such period) shall also be accompanied by payment in New York Clearing House funds or other funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount being surrendered for conversion. Except as provided in the immediately preceding sentence, in the case of such Security then being converted, and such any Note which is converted (a) interest shall be payable to such registered Holder notwithstanding whose Stated Maturity is after the date of conversion of such Security, subject Note shall not be payable and (b) no payment or adjustment shall be made upon conversion on account of any dividends on the Common Stock issued upon conversion. Notes shall be deemed to have been converted immediately prior to the provisions close of Section 307 relating business on the day of surrender of such Notes for conversion in accordance with the foregoing provisions, and at such time the rights of the Holders of such Notes as Holders shall cease, and the Person or Persons entitled to receive the payment Common Stock issuable upon conversion shall be treated for all purposes as the record holder or holders of Defaulted Interest by the Companysuch Common Stock as and after such time. As promptly as practicable on or after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeconversion date, the Company shall issue and shall deliver, deliver at the any office or agency at which such Security is surrendered, of the Company maintained pursuant to such Holder or on its written order, Section 2.03 a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion conversion, together with payment in lieu of such Security (or specified portion thereof)any fraction of a share, in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion11.03. In the case of any Security Note which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security Note or Securities of the same series, Notes of authorized denominations, denominations in aggregate principal amount equal to the unconverted portion of the principal amount of such SecurityNote.

Appears in 1 contract

Samples: Telegroup Inc

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a Security of a series with such a privilege any 4.50% Debenture to be converted shall surrender such Security 4.50% Debenture, duly endorsed or assigned to the Company or in blank, at the any office or agency of the Company maintained for that purpose pursuant to Section 10021002 (any city in which any Conversion Agent is located being called herein a "Place of Conversion"), accompanied by a duly executed signed conversion notice to the Company substantially in the form set forth in Section 206 205 stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also state4.50% Debenture or, if different from less than the name and address of such Holderentire principal amount thereof is to be converted, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall portion thereof to be issuable on such conversion shall be issuedconverted. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so Each 4.50% Debenture surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date next preceding any Interest Payment Date to the opening of business on the next succeeding such Interest Payment Date shall (excluding Securities except in the case of any 4.50% Debenture or portions portion thereof which has been called for redemption during on a Redemption Date, or which is repurchasable on a Repurchase Date, occurring, in either case, within such period) shall also be accompanied by payment in New York Clearing House funds or other funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then 4.50% Debenture (or part thereof, as the case may be) being convertedsurrendered for conversion. The interest so payable on such Interest Payment Date with respect to any 4.50% Debenture (or portion thereof, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to if applicable) which has been called for redemption on a Board Resolution and, subject to Section 303, set forthRedemption Date, or determined in the manner providedis repurchasable on a Repurchase Date, occurring, in an Officers' Certificateeither case, or established in one or more indentures supplemental hereto setting forth during the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to period from the close of business on any Regular Record Date next preceding any Interest Payment Date to the date opening of business on such Interest Payment Date, which such notice and such payment4.50% Debenture (or portion thereof, if requiredapplicable) is surrendered for conversion during such period, shall be paid to the Holder of such 4.50% Debenture being converted in an amount equal to the interest that would have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security payable on such date, in which case 4.50% Debenture if such conversion shall be deemed to be effected immediately prior to 4.50% Debenture had been converted as of the close of business on such dateInterest Payment Date. The interest so payable on such Interest Payment Date in respect of any 4.50% Debenture (or portion thereof, as the case may be) and at which has not been called for redemption on a Redemption Date, or is not eligible for repurchase on a Repurchase Date, occurring, in either case, during the period from the close of business on any Regular Record Date next preceding any Interest Payment Date to the opening of business on such time Interest Payment Date, which 4.50% Debenture (or portion thereof, as the rights of case may be) is surrendered for conversion during such period, shall be paid to the Holder of such Security 4.50% Debenture as of such Security Regular Record Date. Interest payable in respect of any 4.50% Debenture surrendered for conversion on or after an Interest Payment Date shall be paid to the Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock such 4.50% Debenture as of the Company shall be issuable upon such conversion shall be deemed to have become next preceding Regular Record Date, notwithstanding the Holder or Holders of record exercise of the shares represented therebyright of conversion. Except as set forth above provided in this paragraph and subject to the final last paragraph of Section 307, no cash payment or adjustment shall be made upon any conversion on account of any interest accrued on from the Securities Interest Payment Date next preceding the conversion date, in respect of any 4.50% Debenture (or any part thereof, as the case may be) surrendered for conversion conversion, or on account of any dividends on the Common Stock issued upon conversion. The Company's delivery to the Holder of the Company issued upon such conversion. In number of shares of Common Stock (and cash in lieu of fractions thereof, as provided in this Indenture) into which a 4.50% Debenture is convertible will be deemed to satisfy the case of any Security which is converted in part only, upon such conversion Company's obligation to pay the Company shall execute and the Trustee shall authenticate and deliver to or on the order principal amount of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security4.50% Debenture.

Appears in 1 contract

Samples: First Supplemental Indenture (Inacom Corp)

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Security of a series with such a privilege to be converted shall surrender such Security to Security, together with the Company conversion notice duly executed, at the any office or agency of the Company maintained for that purpose pursuant to Section 1002602, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth in Section 206 stating at such office or agency that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also stateor, if different from less than the name and address of such Holderentire principal amount thereof is to be converted, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall portion thereof to be issuable on such conversion shall be issuedconverted. Securities or portions thereof surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date next preceding any Interest Payment Date to the opening of business on the next succeeding such Interest Payment Date shall (excluding unless such Securities or portions thereof have been called for redemption during on a Redemption Date within such period) shall also be accompanied by payment to the Company or its order, in New York Clearing House funds or other funds acceptable to the Company Company, of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then Securities or portions thereof being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates surrendered for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no No payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or or, except as provided in Section 1504, on account of any dividends on the Common Stock issued upon conversion. Securities shall be deemed to have been converted immediately prior to the close of business on the day of surrender of such Securities for conversion in accordance with the foregoing provisions, and at such time the rights of the Holders of such Securities as Holders shall cease, and the Person or Persons entitled to receive the Common Stock issuable upon conversion shall be treated for all purposes as the record holder or holders of such Common Stock at such time. As promptly as practicable on or after the conversion date, the Company issued shall issue and shall deliver at such office or agency a certificate or certificates for the number of full shares of Common Stock issuable upon such conversion, together with payment in lieu of any fraction of a share, as provided in Section 1503. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver make available for delivery to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, denominations in aggregate principal amount equal to the unconverted portion of the principal amount of such Security.

Appears in 1 contract

Samples: Atmos Energy Corp

Exercise of Conversion Privilege. Issuance of Common Stock on Conver sion; No Adjustment for Interest or Dividends. In order to exercise a the conversion privilege, the Holder of a Security of a series with such a privilege Payee shall surrender such Security this Debenture to the Company at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed Payor and shall give written notice of conversion notice to the Company substantially in the form set forth in Section 206 stating provided herein to the Payor that the Holder Payee elects to convert such Security or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company this Debenture or the Trustee) be duly endorsed by or accompanied by instruments of transfer portion thereof specified in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companysaid notice. As promptly as practicable (but not more than two days) after the surrender of this Debenture and the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeaforesaid, the Company Payor shall issue and shall deliverdeliver to the Payee or designee, at the office by overnight mail or agency at which such Security is surrendered, to such Holder or on its written orderby hand, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (Debenture or specified portion thereof), thereof in accordance with the provisions of such Board Resolution, Officers' Certificate this Debenture and a check or supplemental indenture, and cash as provided therein in respect of any fractional interest in respect of a share of such Common Stock otherwise issuable arising upon such conversion as provided in Section 2.3 of this Debenture. In each case this Debenture shall be surrendered for partial conversion, the Payor shall also promptly execute and deliver to the Payee a new Debenture or Debentures in an aggregate principal amount equal to the unconverted portions of the surrendered Debenture. Such In the event the registration statement referred to in Section 4 hereof shall have theretofore been declared effective by the Securities and Exchange Commission (the "SEC"), all certificates representing shares of Common Stock issued upon conversion of this Debenture shall be free of any restrictive legend thereon. Each conversion shall be deemed to have been effected immediately prior to the close of business on the date on which this Debenture shall have been surrendered and such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered Payor, as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such dateaforesaid, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion Payee shall be deemed to have become on said date the Holder or Holders holder of record of the shares represented therebyissuable upon such conversion; provided, however, that any such surrender on any date when the stock transfer books of the Payor shall be closed shall constitute the Payee as the record holder thereof for all purposes on the next succeeding day on which such stock transfer books are open. Except as set forth above and subject No adjustment of the number of shares to the final paragraph of Section 307, no payment or adjustment be issued upon conversion shall be made upon any conversion on account of any for interest accrued on this Debenture prior to the Securities (date it is surrendered or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company any shares issued upon such conversion. In the case conversion of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal this Debenture prior to the unconverted portion date it is surrendered. Upon conversion of such Securitythis Debenture, the Payor's obligation with respect to accrued interest shall be discharged in full.

Appears in 1 contract

Samples: Form of Agreement (Conolog Corp)

Exercise of Conversion Privilege. In order to exercise a conversion privilege, the Holder of a Security Debenture of a any series with such a privilege shall surrender such Security Debenture to the Company at the office or agency maintained for that purpose pursuant to Section 10021.02, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth in Section 206 stating that the Holder elects to convert such Security Debenture or a specified portion thereof. Such notice shall also state, if different from the name and address of such Holder, the name or names (with address) in which that the certificate or certificates for shares of Common Stock which that shall be issuable on such conversion shall be issued. Securities Debentures of such series surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 3032.01, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, Debentures and the surrender of such Security Debentures in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security Debenture is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security Debenture (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security Debenture shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security Debenture and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security Debenture on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security Debenture as such Security Debenture Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 3072.03, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) Debentures of such series surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.upon

Appears in 1 contract

Samples: Indenture (Federal Mogul Corp)

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Security of a series with such a privilege to be converted shall surrender such Security to the Company at the any time during usual business hours at its office or agency maintained for that the purpose pursuant to Section 1002as provided in this Indenture, accompanied by a duly fully executed conversion notice to the Company written notice, in substantially in the form set forth in Section 206 stating on the reverse of the Security, that the Holder elects to convert such Security or a specified stated portion thereofthereof constituting a multiple of $1,000 principal amount, and, if such Security is surrendered for conversion during the period between the close of business on any Record Date and the opening of business on the next following Interest Payment Date and has not been called for redemption on a Redemption Date which occurs within such period, accompanied (except in the case of the Interest Payment Date occurring on September 15, 2000) also by payment of an amount equal to the interest payable on such Interest Payment Date on the principal amount of the Security being surrendered for conversion, notwithstanding such conversion. Such notice of conversion shall also state, if different from the name and address of such Holder, state the name or names (with address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so reasonably required by the Company or the Trustee) be duly endorsed by by, or be accompanied by a written instrument or instruments of transfer in forms form satisfactory to the Company and the Trustee duly executed by by, the registered Holder or its his attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeaforesaid, the Company shall shall, subject to the provisions of Section 13.8 hereof, issue and shall deliver, deliver at the such office or agency at which such Security is surrendered, to such Holder Holder, or on its his written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the on such conversion of such Security (or specified portion thereof), Securities in accordance with the provisions of such Board Resolutionthis Article XIII and Cash, Officers' Certificate or supplemental indenture, and cash as provided therein in Section 13.3 hereof, in respect of any fractional fraction of a share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date (herein called the "Date of Conversion") on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such dateaforesaid, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become on the Holder Date of Conversion the holder or Holders holders of record of the shares represented thereby. Except as set forth above and subject to ; provided, however, that any such surrender on any date when the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock stock transfer -------- ------- books of the Company shall be closed shall cause the person or persons in whose name or names the certificate or certificates for such shares are to be issued upon to be deemed to have become the record holder or holders thereof for all purposes at the opening of business on the next succeeding day on which such conversionstock transfer books are open but such conversion shall nevertheless be at the conversion price in effect at the close of business on the date when such Security shall have been so surrendered with the conversion notice. In the case of any Security which is converted in part onlyconversion of a portion, upon such conversion but less than all, of a Security, the Company shall execute as promptly as practicable execute, and the Trustee shall thereafter authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of in the same series, of authorized denominations, in aggregate principal amount equal to of the unconverted portion of such the Security surrendered. Except as otherwise expressly provided in this Indenture, no payment or adjustment shall be made for interest accrued on any Security (or portion thereof) converted or for dividends or distributions on any Common Stock issued upon conversion of any Security.

Appears in 1 contract

Samples: Halter Marine Group Inc

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Definitive Security of a series with such a privilege to be converted shall surrender such Security Security, duly endorsed or assigned to the Company or in blank (in the case of any Registered Security), at the office or agency maintained for that purpose pursuant to Section 1002any applicable Place of Conversion, accompanied by a duly executed signed and completed conversion notice to the Company substantially in the form set forth in Section 206 attached hereto as Exhibit B stating that the Holder elects to convert such Security or a specified portion thereof. Such notice shall also stateor, if different less than the entire principal amount thereof is to be converted, the portion thereof to be converted. Each Bearer Security surrendered for conversion must be surrendered together with all Coupons appertaining thereto that mature after the Conversion Date. If any Bearer Security surrendered for conversion shall not be accompanied by all such appurtenant Coupons, the surrender of any or all of such missing Coupons may be waived by the Company and the Trustee, if there be furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. Matured Coupons not in default (including Coupons maturing on the Conversion Date) will be payable against surrender thereof, and matured Coupons previously surrendered and in default will continue to be payable, notwithstanding the exercise of the right of conversion by the Holder of the Security to which the Coupon appertains. Accrued interest from the name immediately preceding Interest Payment Date until the Conversion Date (and address Additional Amounts, if any, thereon) will be paid, through the Paying Agent, in the same manner as regular payments of such Holderinterest and as provided in Section 307, within five Business Days after the name or names (with address) in which Conversion Date.. The Company's delivery to the certificate or certificates for Holder of the fixed number of shares of Common Stock (or cash or in lieu thereof, as provided in this Indenture) into which a Definitive Security is convertible will be deemed to satisfy the Company's obligation to pay the principal amount of the Security. Definitive Securities shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory deemed to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from have been converted immediately prior to the close of business on any Regular Record Date to the opening day of business on the next succeeding Interest Payment Date surrender of such Securities for conversion (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment a duly signed and completed conversion notice as contemplated above) in funds acceptable accordance with the foregoing provisions, and at such time the rights of the Holders of such Securities as Holders shall cease, and the Person or Persons entitled to receive the Common Stock issuable upon conversion shall be treated for all purposes as the record holder or holders of such Common Stock at such time; provided, however, that if the Company exercises -------- ------- the Cash Settlement Option, then the Person or Persons who were to receive the Common Stock upon conversion shall not be deemed to have ever been a record holder of an amount equal the Common Stock as to which the interest payable on such Interest Payment Date on the principal amount of such Security then being convertedCash Settlement Option has been exercised. Subject to Section 1201, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As as promptly as practicable on or after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Date, the Company shall issue and shall deliverdeliver to the Trustee, at for delivery to the office or agency at which such Security is surrendered, to such Holder or on its written orderHolder, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion conversion, together with payment in lieu of such Security (or specified portion thereof)any fraction of a share, in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion1203. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, denominations in an aggregate principal amount equal to the unconverted portion of the principal amount of such Security. A Security may be converted in part, but only if the principal amount of such Security to be converted is any integral multiple of U.S. $1,000 and the principal amount of such security to remain Outstanding after such conversion is equal to U.S. $1,000 or any integral multiple of $1,000 in excess thereof.

Appears in 1 contract

Samples: Thermo Electron Corp

Exercise of Conversion Privilege. In order to exercise a conversion privilegeIssuance of Common Stock on Conversion; No Adjustment for Interest or Dividends. To exercise, in whole or in part, the Holder conversion privilege with respect to any Note, the holder of a Security of a series with such a privilege Note shall surrender such Security to the Company Note, duly endorsed, at the an office or agency maintained for that purpose by the Company pursuant to Section 1002, accompanied by a duly executed the funds, if any, required by the last paragraph of this Section 1602, and shall give written notice of conversion notice to the Company substantially in the form set forth in Section 206 stating provided on the Notes (or such other notice which is acceptable to the Company) to the office or agency that the Holder holder of Notes elects to convert such Security Note or a such portion thereof specified portion thereofin said notice. Such notice shall also state, if different from the name and address of such Holder, state the name or names (with addressaddress or addresses) in which the certificate or certificates for shares of Common Stock which shall be are issuable on such conversion shall be issued, and shall be accompanied by transfer taxes, if required pursuant to Section 1607. Securities Each such Note surrendered for conversion shall (if so required by shall, unless the Company or shares issuable on conversion are to be issued in the Trustee) same name as the registration of such Note, be duly endorsed by by, or be accompanied by instruments of transfer in forms form satisfactory to the Company and the Trustee duly executed by by, the registered Holder holder of Notes or its attorney his or her duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount attorney. The holder of such Security then being converted, and such interest shall Notes will not be required to pay any tax or duty which may be payable in respect of the issue or delivery of Common Stock on conversion, but will be required to such registered Holder notwithstanding pay any tax or duty which may be payable in respect of any transfer involved in the conversion issue or delivery of Common Stock in a name other than the same name as the registration of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the CompanyNote. As promptly as practicable after satisfaction of the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, requirements for conversion set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeabove, the Company shall issue and shall deliver, deliver to such holder at the office or agency at which maintained by the Company for such Security is surrendered, purpose pursuant to such Holder or on its written orderSection 1002, a certificate or certificates for the number of full shares of Common Stock (including any full shares as a result of rounding fractional shares up to a full number of shares pursuant to Section 1603) issuable upon the conversion of such Security (Note or specified portion thereof), thereof in accordance with the provisions of such Board Resolutionthis Article Sixteen and (i) a check or cash (which payment, Officers' Certificate if any, shall be paid no later than five Business Days after satisfaction of the requirements for conversion set forth above) or supplemental indenture(ii) fractional shares (if not rounded up to a full number of shares pursuant to Section 1603), and cash as provided therein in each case in respect of any fractional interest in respect of a share of such Common Stock, pursuant to Section 1603 . Certificates representing shares of Common Stock otherwise issuable upon such will not be issued or delivered unless all taxes and duties, if any, payable by the holder have been paid. In case any Note of a denomination of an integral multiple greater than $1,000 is surrendered for partial conversion, and subject to Section 303, the Company shall execute, and the Trustee shall authenticate and deliver to the holder of the Note so surrendered, without charge to him or her, a new Note or Notes in authorized denominations in an aggregate principal amount equal to the unconverted portion of the surrendered Note. Such Each conversion shall be deemed to have been effected immediately prior as to the close of business any such Note (or portion thereof) on the date on which such notice and such payment, if required, shall the requirements set forth above in this Section 1602 have been received in proper order for conversion by the Company and satisfied as to such Security shall have been surrendered as aforesaid Note (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such dateor portion thereof), in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons Person in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be are issuable upon such conversion shall be deemed to have become on said date the Holder or Holders holder of record of the shares represented thereby; provided, however, that any such surrender on any date when the Company's stock transfer books are closed shall constitute the Person in whose name the certificates are to be issued as the record holder thereof for all purposes on the next succeeding day on which such stock transfer books are open, but such conversion shall be at the Conversion Price in effect on the date upon which such Note is surrendered. Any Note or portion thereof surrendered for conversion during the period from the close of business on the Regular Record Date for any interest payment through the close of business on the last Trading Day immediately preceding such Interest Payment Date shall (unless such Note or portion thereof being converted has been called for redemption on a date during the period from the close of business on such Regular Record Date to the close of business on the last Trading Day immediately preceding the corresponding Interest Payment Date pursuant to a notice of redemption mailed by the Company to the holders in accordance with the provisions of Section 6.4 of the First Supplemental Indenture) be accompanied by payment, in funds acceptable to the Company, of an amount equal to the interest otherwise payable on such Interest Payment Date on the principal amount being converted; provided, however, that such payment may be reduced by the amount of any existing payment default in respect of such Notes. An amount equal to such payment shall be paid by the Company on such Interest Payment Date to the holder of such Note at the close of business on such Regular Record Date. Except as set forth provided above and subject to the final paragraph of in this Section 3071602, no payment or adjustment shall be made upon any conversion on account of any for interest accrued on the Securities (any Note converted or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company any shares issued upon the conversion of such Note as provided in this Article Sixteen. If any Note or portion thereof that has been called for redemption on a date during the period from the close of business on a Regular Record Date to the close of business on the last Trading Day immediately preceding the corresponding Interest Payment Date is converted after such Regular Record Date for the payment of interest and prior to such corresponding Interest Payment Date, interest payable on such Interest Payment Date shall be payable notwithstanding such conversion. In , and such interest shall be paid to the case holder of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or Note on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityapplicable Regular Record Date.

Appears in 1 contract

Samples: Supplemental Indenture (Level 3 Communications Inc)

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this Debenture may be exercised on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than three (3) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company's receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier, or if a Registration Statement covering the Common Stock has been declared effective by the SEC cause to be electronically transferred, to Holder (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion, Officers' Certificate or supplemental indenture(y) cash, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversionconversion and (z) cash or shares of Common Stock, as applicable, representing the amount of accrued and unpaid interest on this Debenture as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at 6 ------------------- -------------------- Initials Initials Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 1 contract

Samples: Dnaprint Genomics Inc

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this Debenture may be exercised on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than two (2) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company’s receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier, or if a Registration Statement covering the Common Stock has been declared effective by the SEC cause to be electronically transferred, to Holder (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion, Officers' Certificate or supplemental indenture(y) cash, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversionconversion and (z) cash or shares of Common Stock, as applicable, representing the amount of accrued and unpaid interest on this Debenture as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 1 contract

Samples: Human Biosystems Inc

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this Debenture may be exercised on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than two (2) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company's receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier, or if a Registration Statement covering the Common Stock has been declared effective by the SEC cause to be electronically transferred, to Holder (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion, Officers' Certificate or supplemental indenture(y) cash, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversionconversion and (z) cash or shares of Common Stock, as applicable, representing the amount of accrued and unpaid interest on this Debenture as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company from all liability thereon (except if and to the extent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder. If, at any time after the date of this Debenture, (i) the Company challenges, disputes or denies the right of the Holder hereof to effect the conversion of this Debenture into Common Shares or otherwise dishonors or rejects any Conversion Notice delivered in accordance with this Section 3.2 or (ii) any third party who is not and has never been an Affiliate of the Holder commences any lawsuit or legal proceeding or otherwise asserts any claim before any court or public or governmental authority which seeks to challenge, deny, enjoin, limit, modify, delay or dispute the right of the Holder hereof to effect the conversion of this Debenture into Common Shares, then the Holder shall have the right, but not the obligation, by written notice to the Company, to require the Company to promptly redeem this Debenture for cash at one hundred and twenty (120%) of the Principal Amount thereof, together with all accrued and unpaid interest thereon to the date of redemption. Under any of the circumstances set forth above, the Company shall execute be responsible for the payment of all costs and the Trustee shall authenticate and deliver to or on the order expenses of the Holder thereofHolder, at the expense including reasonable legal fees and expenses, as and when incurred in defending itself in any such action or pursuing its rights hereunder (in addition to any other rights of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such SecurityHolder).

Appears in 1 contract

Samples: American Healthchoice Inc /Ny/

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this Debenture may be exercised on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) of the persons who are to become the holders of the Common Stock Issued at Conversion in connection with such conversion. The Holder shall deliver this Debenture by express courier within thirty (30) days following the date on which the certificate or certificates telecopied Conversion Notice has been transmitted to the Company. Upon surrender for shares of Common Stock which conversion, this Debenture shall be issuable on such conversion shall be issued. Securities surrendered for conversion shall (if so required accompanied by a proper assignment hereof to the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyblank. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than three (3) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company's receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier to the Holder (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion, Officers' Certificate or supplemental indenture(y) cash, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversionconversion and (z) cash or shares of Common Stock, as applicable, representing the amount of accrued and unpaid interest on this Debenture as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 1 contract

Samples: Trinity Medical Group Inc

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (i) Conversion of this Debenture may be exercised on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than two (2) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company’s receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (a) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (b) cause to be mailed for delivery by overnight courier (x) a certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion and (y) cash, Officers' Certificate or supplemental indenture, and cash as provided therein in Section 3.3, in respect of any fractional share nay fraction of such a Common Stock otherwise issuable Share deliverable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deeme3d to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except it and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 1 contract

Samples: Last Mile Logistics Group, Inc.

Exercise of Conversion Privilege. In order to exercise a the conversion privilege, the Holder of a any Security of a series with such a privilege to be converted shall surrender such Security to the Company Conversion Agent at any time during usual business hours, until and including, but not after the close of business on the second Business Day prior to the Stated Maturity of the principal of such Security, at its office or agency maintained for that the purpose pursuant to Section 1002as provided in this Indenture, accompanied by a duly fully executed conversion notice to the Company written notice, in substantially in the form set forth in Section 206 stating on the reverse of the Security, that the Holder elects to convert such Security or a specified stated portion thereofthereof constituting a multiple of $1,000 in principal amount, and, if such Security is surrendered for conversion during the period between the close of business on any record date for such Security and the opening of business on the related Interest Payment Date and has not been called for redemption on a Redemption Date within such period, accompanied also by payment of an amount equal to the interest payable on such Interest Payment Date on the portion of the principal amount of the Security being surrendered for conversion. The Holder of any Security at the close of business on any record date for such Security shall be entitled to receive the interest payable on such Security on the corresponding Interest Payment Date notwithstanding the conversion thereof after such record date. Such notice of conversion shall also state, if different from the name and address of such Holder, state the name or names (with and address) in which the certificate or certificates for shares of Common Stock which shall be issuable on such conversion issued (or to whom payment in cash in lieu of Common Stock shall be issuedmade). Securities surrendered for conversion shall (if so required by the Company or the TrusteeConversion Agent) be duly endorsed by by, or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such Common Stock otherwise issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.instrument

Appears in 1 contract

Samples: Marine 300 Series Inc

Exercise of Conversion Privilege. In order to exercise a conversion privilege, (a) Conversion of this Debenture may be exercised on any Business Day by the Holder of by telecopying an executed and completed Conversion Notice to the Company. Each date on which a Security of a series with such a privilege shall surrender such Security Conversion Notice is telecopied to the Company in accordance with the provisions of this Section 3.2 shall constitute a Conversion Date. The Company shall convert this Debenture and issue the Common Stock Issued at Conversion in the manner provided below in this Section 3.2, and all voting and other rights associated with the beneficial ownership of the Common Stock Issued at Conversion shall vest with the Holder, effective as of the Conversion Date at the office or agency maintained for that purpose pursuant to Section 1002, accompanied by a duly executed conversion notice to the Company substantially time specified in the form set forth in Section 206 stating that the Holder elects to convert such Security or a specified portion thereofConversion Notice. Such notice The Conversion Notice also shall also state, if different from the name and address of such Holder, state the name or names (with addressaddresses) in which of the certificate or certificates for shares persons who are to become the holders of the Common Stock which shall be issuable on Issued at Conversion in connection with such conversion shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Companyconversion. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than three (3) Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Company’s receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), Issued at Conversion in accordance with the provisions of this Article 3 and (ii) cause to be mailed for delivery by overnight courier, or if a Registration Statement covering the Common Stock has been declared effective by the SEC cause to be electronically transferred, to Holder (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such Board Resolutionconversion, Officers' Certificate or supplemental indenture(y) cash, and cash as provided therein in Section 3.3, in respect of any fractional share fraction of such a Common Stock otherwise issuable Share deliverable upon such conversionconversion and (z) cash or shares of Common Stock, as applicable, representing the amount of accrued and unpaid interest on this Debenture as of the Conversion Date. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such paymentConversion Notice indicates, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such Security this Debenture, as such Security Holder (except if and to the extent that any Principal Amount thereof remains unconverted), shall cease and the person or persons Person and Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company Issued at Conversion shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented thereby, and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Company, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion and, in payment and satisfaction of such subscription (and for any cash adjustment to which it is entitled pursuant to Section 3.4), to surrender this Debenture and to release the Company shall execute from all liability thereon (except if and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Securityextent that any Principal Amount thereof remains unconverted). No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Holder.

Appears in 1 contract

Samples: Infinium Labs Inc

Exercise of Conversion Privilege. In order (a) Any conversion by the holders of Notes into Common Stock shall be in an aggregate outstanding principal amount equal to exercise a conversion privilegeat least $100,000, unless the Holder amount so converted shall be such holder's entire outstanding principal amount of a Security Notes. Conversion of a series with such a privilege shall the Notes may be effected by any holder thereof upon the surrender such Security to the Company at the office of the Company designated for notices in accordance with Section 13.6 or agency maintained for that purpose pursuant at the office of any agent or agents of the Company, as may be designated by the Board of Directors (the "Transfer Agent"), of the Notes to Section 1002be converted, accompanied by a duly executed conversion written notice to the Company substantially in the form set forth in Section 206 stating that the Holder such holder elects to convert such Security all or a specified portion thereof. Such notice shall also state, if different from of the name and address outstanding principal amount of such Holder, Notes in accordance with the provisions of this Article 10 and specifying the name or names (with address) in which such holder wishes the certificate or certificates for shares of Preferred Stock or Common Stock, as the case may be, to be issued; provided that, in the case of the conversion of the Notes into Preferred Stock in accordance with Section 10.3, the Company shall provide each holder written notice stating that such holder's Notes have been converted pursuant to Section 10.3, and each holder shall thereupon promptly surrender to the Transfer Agent the Notes so converted specifying the name or names in which shall be issuable on such conversion shall holder wishes the certificates for shares of Preferred Stock to be issued. Securities surrendered for conversion In case any holder's notice shall (if so required by the Company specify a name or the Trustee) be duly endorsed by or accompanied by instruments names other than that of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) holder, such notice shall also be accompanied by payment of all transfer taxes payable upon the issuance of shares of Preferred Stock or Common Stock in funds acceptable to such name or names. Other than such taxes, the Company of an amount equal to the interest payable will pay any and all issue and other taxes (other than taxes based on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall income) that may be payable to such registered Holder notwithstanding the in respect of any issue or delivery of shares of Preferred Stock or Common Stock on conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the CompanyNotes pursuant hereto. As promptly as practicable practicable, and in any event within five Business Days after the surrender of such Notes and the receipt of such notice and of any payment required pursuant to a Board Resolution relating thereto and, subject if applicable, payment of all transfer taxes (or the demonstration to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms satisfaction of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribethat such taxes have been paid), the Company shall issue and shall deliver, at the office deliver or agency at which such Security is surrendered, cause to such Holder or on its written order, a certificate or be delivered (i) certificates for representing the number of validly issued, fully paid and nonassessable full shares of Preferred Stock or Common Stock issuable upon Stock, as the conversion case may be, to which the holder of such Security the Notes being converted shall be entitled and (or specified portion thereof), in accordance with ii) if less than the provisions of such Board Resolution, Officers' Certificate or supplemental indenture, and cash as provided therein in respect entire outstanding principal amount of any fractional share of such Common Stock otherwise issuable Note surrendered is being converted, a new Note in the principal amount which remains outstanding upon such partial conversion. Such conversion shall be deemed to have been effected immediately prior to made at the close of business on the date on which of giving such notice so that the rights of the holder thereof as to the Note or Notes (or portion thereof) being converted shall cease except for the right to receive shares of Preferred Stock or Common Stock, as the case may be, in accordance herewith, and the person entitled to receive the shares of Preferred Stock or Common Stock shall be treated for all purposes as having become the record holder of such paymentshares of Preferred Stock or Common Stock at such time, if required, shall have been received in proper order for conversion by so long as such holder's Notes are delivered to the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed within two Business Days after the Company to effect date of the giving of notice. In any other case of conversion on a particular at the holder's option, the date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion of delivery of the Notes shall be deemed to be effected immediately prior to the close date of business on such date) and at such time the rights of the Holder of such Security as such Security Holder shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder or Holders of record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion on account of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security which is converted in part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such Security.

Appears in 1 contract

Samples: Securities Purchase Agreement (Healthcare Capital Partners Lp)

Exercise of Conversion Privilege. In order to exercise a conversion privilege(a) Conversion of the Principal Balance may be exercised, in whole or in part, by the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained for that purpose pursuant to Section 1002by transmitting via facsimile an executed and completed Conversion Notice, accompanied by a duly executed conversion notice to the Company substantially in the form set forth attached hereto as Exhibit A, to the Borrower. Each date on which a Conversion Notice is transmitted via facsimile to the Borrower in accordance with the provisions of this Section 206 stating that the Holder elects to 6 shall constitute a "Conversion Date". The Borrower shall convert such Security or a specified portion thereof. Such notice amount of the Principal Balance and issue the Common Stock, and all voting and other rights associated with the beneficial ownership of the Common Stock shall also state, if different from vest with the name and address of such Holder, effective as of the Conversion Date at the time specified in the Conversion Notice. The Conversion Notice also shall state the name or names (with addressaddresses) in which of the certificate or certificates for shares Persons who are to become the holders of the Common Stock which shall be issuable on in connection with such conversion. If such conversion would convert the entire remaining Principal Balance of this Note, the Holder shall be issued. Securities surrendered for conversion shall (if so required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory deliver to the Company and Borrower the Trustee duly executed by original Note being converted no later than five (5) business days after the registered Holder or its attorney duly authorized in writing; and Securities so surrendered for conversion (in whole or in part) during delivery of the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and such interest shall be payable to such registered Holder notwithstanding the conversion of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the CompanyConversion Notice. As promptly as practicable after the receipt of such notice and of the Conversion Notice as aforesaid, but in any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in event not more than five Business Days after the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto setting forth the terms Borrower's receipt of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribeConversion Notice, the Company Borrower shall (i) issue and shall deliver, at the office or agency at which such Security is surrendered, to such Holder or on its written order, a certificate or certificates for the number of full shares of Common Stock issuable upon the conversion of such Security (or specified portion thereof), in accordance with the provisions of such Board Resolution, Officers' Certificate or supplemental indenturethis Agreement, and cash (ii) utilize the DWAC system or cause to be mailed for delivery by overnight courier to the Holder (x) a certificate or certificate(s) representing the number of Common Shares to which the Holder is entitled by virtue of such conversion and (y) cash, as provided therein in Section 7, in respect of any fractional share fraction of such a Common Stock otherwise Share issuable upon such conversion. Such conversion shall be deemed to have been effected immediately prior to at the close of business on time at which the date on which such notice and such payment, if required, shall have been received in proper order for conversion by the Company and such Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion on a particular date following such surrender and such Holder shall be entitled to convert such Security on such date, in which case such conversion shall be deemed to be effected immediately prior to the close of business on such date) Conversion Notice indicates and at such time the rights of the Holder of such Security the Note, as such Security Holder such, shall cease and the person Person or persons Persons in whose name or names any certificate or certificates for shares of the Common Stock of the Company shall be issuable upon such conversion shall be deemed to have become the Holder holder or Holders holders of record of the shares Common Shares represented therebythereby and all voting and other rights associated with the beneficial ownership of such Common Shares shall at such time vest with such Person or Persons. Except as set forth above The Conversion Notice shall constitute a contract between the Holder and subject to the final paragraph of Section 307Borrower, no payment or adjustment whereby the Holder shall be made upon any conversion on account deemed to subscribe for the number of any interest accrued on the Securities (or any part thereof) surrendered for conversion or on account of any dividends on the Common Stock of the Company issued upon such conversion. In the case of any Security Shares which is converted in part only, it will be entitled to receive upon such conversion the Company shall execute and, in payment and the Trustee shall authenticate satisfaction of such subscription (and deliver for any cash adjustment to or on the order which it is entitled pursuant to Section 7), to surrender that portion of the Holder thereof, at Note and to release the expense of Borrower from all liability thereon. No cash payment aggregating less than $1.00 shall be required to be given unless specifically requested by the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted portion of such SecurityHolder.

Appears in 1 contract

Samples: Commodore Applied Technologies Inc

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