Common use of Conversion After Regular Record Date Clause in Contracts

Conversion After Regular Record Date. Except as provided in the succeeding paragraph, upon conversion, the Holder of Securities shall not be entitled to receive any accrued and unpaid interest or Additional Interest (other than overdue interest), if any. If any Securities are surrendered for conversion subsequent to the close of business on any Regular Record Date but prior to the opening of business on the corresponding Interest Payment Date, the Holder of such Securities at the close of business on such Regular Record Date shall receive the interest and Additional Interest, if any, payable on such Securities on such Interest Payment Date notwithstanding the conversion thereof. Securities surrendered for conversion during the period from the close of business on any Regular Record Date to the opening of business on the corresponding Interest Payment Date shall (except in the case of Securities which have been called for redemption on a Redemption Date within such period or Securities surrendered for conversion after acceleration of the Securities) be accompanied by payment by Holders, for the account of the Company, in New York Clearing House funds or other funds acceptable to the Company of an amount equal to the interest and Additional Interest (other than overdue interest), if any, payable on such interest payment date on the Securities being surrendered for conversion. Except as described in Section 12.2(a) and this Section 12.9, the Company will not make any payment in cash or Common Stock or other adjustment for accrued and unpaid interest or Additional interest on any Securities when they are converted.

Appears in 1 contract

Samples: Indenture (CTS Corp)

AutoNDA by SimpleDocs

Conversion After Regular Record Date. Except as provided in the succeeding paragraph, upon conversion, the Holder of Securities shall not be entitled to receive any accrued and unpaid interest or Additional Interest (other than overdue interest)Interest, if any. If any Securities are surrendered for conversion subsequent to the close of business on any Regular Record Date but prior to the opening of business on the corresponding Interest Payment Date, the Holder of such Securities at the close of business on such Regular Record Date shall receive the interest interest, Contingent Interest and Additional Interest, if any, payable on such Securities on such Interest Payment Date notwithstanding the conversion thereof. Securities surrendered for conversion during the period from the close of business on any Regular Record Date to the opening of business on the corresponding Interest Payment Date shall (except in the case of Securities which have been called for redemption on a Redemption Date within such period or Securities surrendered for conversion after acceleration of the Securities) be accompanied by payment by Holders, for the account of the Company, in New York Clearing House funds or other funds acceptable to the Company of an amount equal to the interest interest, Contingent Interest and Additional Interest (other than overdue interest)Interest, if any, payable on such interest payment date on the Securities being surrendered for conversion. Except as described in Section 12.2(a) and this Section 12.9, the Company will not make any payment in cash or Common Stock or other adjustment for accrued and unpaid interest interest, Contingent Interest or Additional interest on any Securities when they are converted.

Appears in 1 contract

Samples: Comtech Telecommunications Corp /De/

Conversion After Regular Record Date. Except as provided in the succeeding paragraph, upon conversion, the Holder of such Securities shall not be entitled to receive any accrued and unpaid interest or Additional Interest (other than overdue interest)Amounts, if any. If any Securities are surrendered for conversion subsequent to the close of business on any Regular Record Date but prior to the opening of business on the corresponding 76 Interest Payment Date, the Holder of such Securities at the close of business on such Regular Record Date shall receive the interest and Additional InterestAmounts, if any, payable on such Securities on such Interest Payment Date notwithstanding the conversion thereof. Securities surrendered for conversion during the period from the close of business on any Regular Record Date to the opening of business on the corresponding Interest Payment Date shall (except in the case of Securities which have been called for redemption on a Redemption Date within such period or Securities surrendered for conversion after acceleration of the Securitiesperiod) be accompanied by payment by Holders, for the account of the Company, in New York Clearing House funds or other funds acceptable to the Company of an amount equal to the interest and Additional Interest (other than overdue interest)Amounts, if any, payable on such interest payment date on the Securities being surrendered for conversion. Except as described provided in Section 12.2(a) and this Section 12.9, no payment or adjustment shall be made in respect of dividends or distributions on the Company will not make any payment in cash Ordinary Shares issued upon conversion or Common Stock or other adjustment for accrued and unpaid interest or Additional interest Amounts, if any, on any Securities when they are converteda converted Security.

Appears in 1 contract

Samples: Scottish Annuity & Life Holdings LTD

Conversion After Regular Record Date. Except as provided in the succeeding paragraph, upon conversion, the Holder of Securities shall not be entitled to receive any accrued and unpaid interest interest, Additional Amounts or Additional Interest (other than overdue interest)Interest, if any. If any Securities are surrendered for conversion subsequent to the close of business on any Regular Record Date but prior to the opening of business on the corresponding Interest Payment Date, the Holder of such Securities at the close of business on such Regular Record Date shall receive the interest interest, Additional Amounts and Additional Interest, if any, payable on such Securities on such Interest Payment Date notwithstanding the conversion thereof. Securities surrendered for conversion during the period from the close of business on any Regular Record Date to the opening of business on the corresponding Interest Payment Date shall (except in the case of Securities which have been called for redemption on a Redemption Date within such period or Securities surrendered for conversion after acceleration of the Securities) be accompanied by payment by Holders, for the account of the Company, in New York Clearing House funds or other funds acceptable to the Company of an amount equal to the interest interest, Additional Amounts and Additional Interest (other than overdue interest)Interest, if any, payable on such interest payment date on the Securities being surrendered for conversion. Except as described in Section 12.2(a) and this Section 12.9, the Company will not make any payment in cash or Common Stock or other adjustment for accrued and unpaid interest interest, Additional Amounts or Additional interest on any Securities when they are converted.

Appears in 1 contract

Samples: Willbros Group Inc

AutoNDA by SimpleDocs

Conversion After Regular Record Date. Except as provided in the succeeding paragraph, upon conversion, the Holder of Securities shall not be entitled to receive any accrued and unpaid interest interest, Additional Amounts or Additional Interest (other than overdue interest)Interest, if any. If any Securities are surrendered for conversion subsequent to the close of business on any Regular Record Date but prior to the opening of business on the corresponding Interest Payment Date, the Holder of such Securities at the close of business on such Regular Record Date shall receive the interest interest, Additional Amounts and Additional Interest, if any, payable on such Securities on such Interest Payment Date notwithstanding the conversion thereof. Securities surrendered for conversion during the period from the close of business on any Regular Record Date to the opening of business on the corresponding Interest Payment Date shall (except in the case of Securities which have been called for redemption on a Redemption Date within such period or Securities surrendered for conversion after acceleration of the Securities) shall be accompanied by payment by Holders, for the account of the Company, in New York Clearing House funds or other funds acceptable to the Company of an amount equal to the interest interest, Additional Amounts and Additional Interest (other than overdue interest)Interest, if any, payable on such interest payment date on the Securities being surrendered for conversion. Except as described in Section 12.2(a) and this Section 12.912.10, the Company will not make any payment in cash or Common Stock or other adjustment for accrued and unpaid interest interest, Additional Amounts or Additional interest on any Securities when they are converted.

Appears in 1 contract

Samples: Indenture (Willbros Group Inc)

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