Common use of Certain Conversions Not Deemed Payment Clause in Contracts

Certain Conversions Not Deemed Payment. For the purposes of -------------------------------------- this Article Four only, (1) the issuance and delivery of junior securities upon conversion of Notes in accordance with Article Fifteen shall not be deemed to constitute a payment or distribution on account of the

Appears in 1 contract

Samples: Riverstone Networks Inc

AutoNDA by SimpleDocs

Certain Conversions Not Deemed Payment. For the purposes of -------------------------------------- this Article Four 4 only, (1) the issuance and delivery of junior securities upon - conversion of Notes in accordance with Article Fifteen 15 shall not be deemed to -- constitute a payment or distribution on account of thethe principal of, premium, if any, or interest on Notes or on account of the purchase or other acquisition of Notes, and (2) the payment, issuance or delivery of cash (except in satisfaction of

Appears in 1 contract

Samples: Indenture (Axcelis Technologies Inc)

Certain Conversions Not Deemed Payment. For the purposes of -------------------------------------- this Article Four 4 only, (1) the issuance and delivery of junior securities upon conversion of Notes Debentures in accordance with Article Fifteen 15 shall not be deemed to constitute a payment or distribution on account of thethe principal of, premium, if any, or interest, including Additional Interest, if any, on Debentures or on account

Appears in 1 contract

Samples: Indenture (Lifepoint Hospitals, Inc.)

AutoNDA by SimpleDocs

Certain Conversions Not Deemed Payment. For the purposes of -------------------------------------- this Article Four only, (1) the issuance and delivery of junior securities upon conversion of Notes in accordance with Article Fifteen shall not be deemed to constitute a payment or distribution on account of thethe principal of, premium, if any, or interest (including Liquidated Damages, if any) on Notes or on account of the purchase or other acquisition of Notes, and (2) the payment, issuance or delivery of cash (except in satisfaction of fractional shares pursuant to

Appears in 1 contract

Samples: Indenture (Imclone Systems Inc/De)

Time is Money Join Law Insider Premium to draft better contracts faster.