Common use of Certain Conversions Not Deemed Payment Clause in Contracts

Certain Conversions Not Deemed Payment. For the purposes of this Article 4 only, (1) the issuance and delivery of junior securities upon conversion of Debentures in accordance with Article 15 shall not be deemed to constitute a payment or distribution on account of the 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.)

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

Appears in 1 contract

Samples: Indenture (Riverstone Networks Inc)

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

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