Conversion and Exchange Rights. Subject to compliance with the requirements of the 1940 Act, the Trustees shall have the authority to provide that holders of Shares of any Series or Class shall have the right to convert said Shares into, or exchange said Shares for, Shares of one or more other Series or Classes of the Trust or one or more other investment companies set forth in the Prospectus with respect to such Series or Class, and that Shares of any Class of any Series shall be automatically converted into Shares of another Class of such Series, in each case in accordance with such requirements and procedures as the Trustees may establish.
Conversion and Exchange Rights. The applicable prospectus supplement will describe, if applicable, the terms on which you may convert debt securities into or exchange them for common stock or other securities or property. The conversion or exchange may be mandatory or may be at your option. The prospectus supplement will describe how the number of shares of common stock or other securities or property to be received upon conversion or exchange would be calculated.
Conversion and Exchange Rights. The Trustees shall have the authority to provide that holders of Shares of any class of any Series of Shares shall have the right to convert such Shares into, or to exchange such Shares for, Shares of the same or one or more other Series of Shares in accordance with such requirements and procedures as may be established by the Trustees.
Conversion and Exchange Rights. (a) Series B Preferred Units. The holders of Series B Preferred Units shall be entitled to convert Series B Preferred Units into Common OP Units or exchange Series B Preferred Units for shares of the General Partner's common stock, at their option, on the following terms and subject to the following conditions:
(i) On May 1, 2002, the holders of Series B Preferred Units may convert an aggregate of 10,000 Series B Preferred Units into 22,727 Common OP Units or exchange an aggregate of 10,000 Series B Preferred Units for 22,727 shares of the General Partner's common stock, or any combination thereof at conversion or exchange rate of 2.272727 Common OP Units or shares of the General Partner's common stock, as the case may be, for each Series B Preferred Unit (rounded to the lower whole number), at their option, provided the General Partner has received at least sixty (60) days prior written notice of such conversion or exchange, such notice to specify the number of Common OP Units and number of shares of the General Partner's common stock to which the Series B Preferred Units are to be converted or exchanged.
(ii) On each of May 1, 2003, May 1, 2004, May 1, 2005 and May 1, 2006, the holders of Series B Preferred Units may convert all or any portion (but not less than 10,000) Series B Preferred Units to Common OP Units or exchange all or any portion (but not less than 10,000) Series B Preferred Units for shares of the General Partner's common stock, at their option, at a conversion and exchange rate of 2.272727 Common OP Units or shares of the General Partner's common stock, as the case may be, for each Series B Preferred Unit (rounded to the lower whole number), provided the General Partner has received at least sixty (60) days prior written notice of such conversion or exchange, such notice to specify the number of Common OP Units and number of shares of the General Partner's common stock to which the Series B Preferred Units are to be converted or exchanged.
(iii) The conversion/exchange rate is subject to adjustment upon subdivisions, stock splits, stock dividends, combinations and reclassification of the common stock of the General Partner.
(iv) In case the General Partner shall be a party to any transaction (including, without limitation, a merger, consolidation, statutory share exchange, tender offer for all or substantially all of the General Partner's capital stock or sale of all or substantially all of the General Partner's assets), in each case as a...
Conversion and Exchange Rights. Subject to compliance with the requirements of the 1940 Act, the Trustees shall have the authority to provide that holders of Shares of any Series shall have the right to convert said Shares into Shares of one or more other Series of the Trust or exchange said Shares for Shares of one or more other Series of the Trust, in accordance with such requirements and procedures as may be established by the Trustees from time to time.
Conversion and Exchange Rights. The Company acknowledges that the Certificate of Designations sets forth certain rights of the holders of shares of Series A Preferred Stock to convert such shares of Series A Preferred Stock into newly issued shares of Company Common Stock, or to exchange such shares of Series A Preferred Stock (or shares of Company Common Stock into which such shares of Series A Preferred Stock were converted under certain specified circumstances) for certain shares of Newco Shares (the "EIS Exchange Right"), and agrees that it will not take any action which would impair such rights other than as otherwise permitted by the provisions thereof. In the event that EIS shall exercise the EIS Exchange Right, EIS shall cause to be paid to the Company, within 30 days of such exercise, an amount equal to 30.1% of the aggregate amount of the Development Funding through the date of such exercise provided to Newco (by or on behalf of the Company and EIS and their respective affiliates and subsidiaries) from and after the Initial Closing Date and prior to such exercise (plus interest on the amount so funded, from the date of the pertinent funding, at the interest rate of 10% per annum compounded semi-annually). In the event of a Required Conversion (as defined in the Certificate of Designations), the Common Stock delivered upon such conversion shall have the benefit of the EIS Exchange Right identical to that with respect to the Series A Preferred Stock so converted and shall be evidenced by a security substantially in the form of Exhibit F.
Conversion and Exchange Rights. (i) The Certificate of ------------------------------ Designations sets forth certain rights of the holders of shares of Series A Preferred Stock to convert such shares of preferred stock into newly issued shares of Common Stock. In addition to such rights, the holders of the Series A Preferred Stock shall have the right to exchange such shares of Series A Preferred Stock for certain shares of Newco Stock owned by the Company (the "EIS Exchange Right"), on the terms and conditions set forth ------------------ below.
(ii) Provided that (a) none of the shares of Series A Preferred Stock initially issued and sold by the Company to EIS have been converted (but not including any of the accrued and unpaid dividends thereon), as provided in Section 4 of the Company's Certificate of Designations, and (b) the Exchange Termination Date (as defined below) shall not have occurred, the holders of the Series A Preferred Stock (acting by act of the majority holders thereof) shall have the right to exchange all of their shares of Series A Preferred Stock (but not including any of the accrued and unpaid dividends thereon) of the Company initially for 3,612 shares of non-voting convertible preferred shares ("the Preferred Shares") (as adjusted for any ---------------- combinations or divisions or similar recapitalizations) of Newco, held by the Company, so that, in any event, after giving effect to the exercise of the EIS Exchange Right, EIS and the Company will each hold 50% of the total outstanding share capital of Newco, on a fully diluted basis, assuming that neither EIS nor the Company has sold any shares of Newco. Upon exercise of the EIS Exchange Right, the Preferred Shares held by the Company shall be transferred legally and beneficially to EIS. Such Preferred Shares may be converted into common shares of Newco on a one-for-one basis at any time after the [**] anniversary of the Original Issue Date and shall be converted immediately upon the exercise of the Exchange Right, provided that such exercise occurs after the [**] anniversary of the Original Issue Date.
(iii) The rights of the holders to exercise the EIS Exchange Right shall terminate and be of no further force and effect on the date that is six years after the date of the first issuance of any shares of the Series A Preferred Stock hereunder (the "Exchange Termination Date"). -------------------------
(iv) Upon exercise of the EIS Exchange Right, the shares of Series A Preferred Stock originally purchased f...
Conversion and Exchange Rights. The debt securities of any series may be convertible into or exchangeable for other securities of our company or another issuer or property or cash on the terms and subject to the conditions set forth in the applicable prospectus supplement. (Section 301).
Conversion and Exchange Rights. The Certificate of Designations ------------------------------ sets forth certain rights of the holders of shares of Series B Preferred Stock to convert such shares of preferred stock into newly issued shares of Common Stock, or to exchange such shares of Series B Preferred Stock for certain shares of Newco Preferred Stock owned by the Company (the "EIS Exchange Right"), both ------------------ on the terms and conditions set forth therein.
Conversion and Exchange Rights. The Certificate of Designation sets forth certain rights of the holders of shares of Series B Preferred Stock to convert such shares of preferred stock into newly issued shares of Common Stock, or to exchange such shares of Series B Preferred Stock into (i) the shares of HepaSense Preferred Shares owned by the Company or (ii) if the HepaSense Preferred Shares issued to the Company on the date hereof are converted into HepaSense Common Shares, the HepaSense Common Shares received upon such conversion (the "EIS Exchange Right"), both on the terms and conditions set forth therein.
