Conversion Period. Notwithstanding the foregoing, if such Security is submitted or presented for repurchase pursuant to Article 11, such conversion right shall terminate at the close of business on the Business Day prior to the Fundamental Change Repurchase Date for such Security or such earlier date as the Holder presents such Security for repurchase (unless the Company shall default when due, in which case the conversion right shall terminate at the close of business on the date such default is cured and such Security is repurchased).
Conversion Period. The CB may be converted from May 16, 2024, the first anniversary of the issue date of the CB, to April 15, 2026, one month prior to the maturity date of the CB.
Conversion Period. Notwithstanding the foregoing, if such Security is presented for repurchase pursuant to Article XI, such conversion right shall terminate at the close of business on the last day of the Fundamental Change Conversion/Repurchase Period for such Security (unless the Company shall default on payment when due of the Fundamental Change Repurchase Price and any applicable Make-Whole Premium), in which case the conversion right shall extend to the close of business on the date such default is cured and such Security is repurchased).
Conversion Period. Subject as provided in these Conditions, each Bond shall entitle the holder to convert such Bond into Shares (as defined in Condition 6(A)(iv)) credited as fully paid at any time during the Conversion Period referred to below (the “Conversion Right”). Subject to and upon compliance with the Conditions, the Conversion Right in respect of a Bond may be exercised, at the option of the holder thereof, at any time (subject to any applicable fiscal or other laws or regulations and as hereinafter provided) on or after 18 December 2013 up to the close of business (at the place where the Certificate evidencing such Bond is deposited for conversion) on the date falling seven days prior to the Maturity Date (as defined in Condition 8(A)) (both days inclusive) (but, except as provided in Condition 6(A)(iii), in no event thereafter) or, if such Bond shall have been called for redemption by the Issuer before the Maturity Date, then up to the close of business (at the place aforesaid) on a date no later than seven days (both days inclusive and in the place aforesaid) prior to the date fixed for redemption thereof, or if notice requiring redemption has been given by the holder of such Bond pursuant to Condition 8(D) or Condition 8(E) then up to the close of business (at the place aforesaid) on the day prior to the giving of such notice (the “Conversion Period”). The price at which Shares will be issued upon exercise of a Conversion Right (the “Conversion Price”) will initially be HK$0.7965 per Share, but will be subject to adjustment in the manner described in Condition 6(C). The number of Shares to be issued on exercise of a Conversion Right shall be determined by dividing the principal amount of the Bonds to be converted (translated into Hong Kong dollars at the fixed rate of HKD7.7532 = US$1.00) (the “Fixed Exchange Rate”) by the Conversion Price in effect on the relevant Conversion Date (as defined below). A Conversion Right may only be exercised in respect of one or more Bonds. If more than one Bond held by the same holder is converted at any one time by the same holder, the number of Shares to be issued upon such conversion will be calculated on the basis of the aggregate principal amount of the Bonds to be converted.
Conversion Period. The Conversion Right attaching to this Note may be exercised, at the option of the Holder, at any time on and after the 41st day after the Original Issue Date up to the close of business on the Maturity Date (the “Conversion Period”). Notwithstanding the foregoing, if a Conversion Date in respect of this Note would otherwise fall during a period in which the register of ADSs of the Depositary is closed generally or for the purpose of establishing entitlement to any distribution or other rights attaching to the ADSs (a “Book Closure Period”), such Conversion Date will be postponed to the first Trading Day following the expiry of such Book Closure Period.
Conversion Period. For any Option and regardless of the Settlement Method applicable to such Option: (i) if the related Conversion Date occurs prior to the Free Convertibility Date, the 25 consecutive Trading Days commencing on, and including, the third Trading Day immediately following such Conversion Date; provided that if the Notice of Exercise for such Option specifies that Settlement in Shares or Low Cash Combination Settlement applies to the related Relevant Convertible Note, the Conversion Period shall be the 50 consecutive Trading Day period commencing on, and including, the third Trading Day immediately following such Conversion Date; (ii) if the related Conversion Date occurs on or following the Free Convertibility Date, the 25 consecutive Trading Days commencing on, and including, the 27th Scheduled Trading Day immediately prior to the “Maturity Date” (as defined in the Indenture); provided that if the Notice of Exercise or Notice of Final Settlement Method, as applicable, for such Option specifies that Settlement in Shares or Low Cash Combination Settlement applies to the related Relevant Convertible Note, the Conversion Period shall be the 50 consecutive Trading Days commencing on, and including, the 53rd Scheduled Trading Day immediately prior to the “Maturity Date” (as defined in the Indenture).
Conversion Period. Notwithstanding the foregoing, if such Convertible Note is presented for repurchase pursuant to Article XI, such conversion right shall terminate at the close of business on the last day of the Fundamental Change Conversion/Repurchase Period for such Convertible Note (unless the Company shall default on payment when due, in which case the conversion right shall extend to the close of business on the date such default is cured and such Convertible Note is repurchased).
Conversion Period. If an employee retires on a disability, the insurance is still enforced. If an employee goes on an unpaid leave of absence for more than thirty (30) Days, such life insurance shall be continued provided such employee pays the premium for his/her coverage. For the purposes of this Article, call back is defined as the call back to duty of an employee after he or she has reported off duty and before their next following tour of duty. When an employee is called back to duty with 72 hours’ notice or greater, they shall be paid a minimum of two (2) hours and hourly thereafter at time and one half for the classification of work they were called back for. When an employee is called back to duty with less than 72 hours’ notice, they shall be paid in units of two (2) hours for up to four (4) hours and hourly thereafter at time and one-half for the classification of work they were called back for. Call back shall only be operative when issued by Commissioners, the Chief, Assistant Chief, the EMS Director, Assistant EMS Director, Fire Captains, or in their absence, the commanding officer in charge. When needed and authorized by the Chief, Assistant Chief, or officer in charge (as per contract), the “appropriate shift”* will be notified with a pre-determined number of personnel to be called back to duty. Should additional manpower be needed, the same procedure will be followed. For incidents of 2nd alarm or greater, an entire shift’s personnel will be automatically called for each greater alarm. Each person called back will sign in the log book and note that it is callback and the time he/she was notified. Each person will then report to the officer in charge for assignment. *Appropriate shift will be defined as follows; 24 hour shift calls opposing shift. Example 1 working calls 2, 3 working calls 4. Day shift members will be called as follows: M-Th staff called from 7am Saturday thru 7 am Sunday T-F staff called 7am Sunday thru 7am Monday M-F staff called 5pm Saturday thru 5pm Sunday It is recognized that circumstances will arise where personnel with specialized training, or specialized teams, will be required to mitigate an incident. When these incidents occur, the commanding officer in charge is authorized to callback any individual, or groups of personnel, whose specialized training will be required at the incident scene. Compensation shall be as outlined above. Working out of classification occurs when a unit member is assigned to work as a Captain, Lieutenant, o...
Conversion Period. Convertible Bondholders have the right to convert their Convertible Bonds into Shares credited as fully paid at any time during the Conversion Period referred to below.
(a) Subject to and upon compliance with the Conditions, the Conversion Right attaching to any portion of the Convertible Bonds may be exercised, at the option of the holder thereof, by delivery of a Conversion Notice in accordance with these Conditions at any time up to fifteen (15) calendar days prior to the Initial Maturity Date (inclusive of the 15th calendar day prior to the Initial Maturity Date) (the “Initial Conversion Period”) at the place where the Certificate evidencing the Convertible Bonds is deposited for conversion, and conversion of the relevant Convertible Bonds to Shares upon the exercise of such Conversion Right shall take place on the Conversion Date. In the event that by the end of the Initial Conversion Period (being 5:00 p.m. (Hong Kong time) on the 15th calendar day prior to the Initial Maturity Date) any of the Regulatory Approvals in Condition 6.1(iv) have not yet been obtained and is awaiting decision from the relevant regulator, the holder of the Convertible Bonds can deliver a written extension notice (the “Extension Notice”) to the Company, in which case both the Initial Conversion Period and the Initial Maturity Date shall be extended by three months (the Initial Conversion Period, as extended where applicable, shall be referred to as the “Conversion Period”). If a Conversion Notice or the Extension Notice is not delivered in respect of any portion of the Convertible Bonds by the end of the Initial Conversion Period or if a Conversion Notice is not delivered in respect of any portion of the Convertible Bonds by the end of the Conversion Period, such Convertible Bonds shall be redeemed on Maturity Date in accordance with Condition 8.1, but subject always to any redemption pursuant to Condition 8.2 or Condition 8.3.
(b) A Conversion Right may not be exercised (x) in respect of Convertible Bonds where the holder thereof shall have exercised its right, by delivering or depositing the relevant notice, to require the Company to redeem its Convertible Bonds pursuant to Condition 8.2 or Condition 8.3, or (y) except as provided in Conditions 6.1(iii), following the giving of notice by a Convertible Bondholder pursuant to Condition 10 or (z) (in respect of a Convertible Bondholder who is not an Initial Convertible Bondholder or a Permitted Affiliate Transferee of the Ini...
Conversion Period. Subject to and upon compliance with the provisions of this Section, the Conversion Right attaching to any Notes may be exercised, at the option of the holder thereof, at any time on or after the thirty-first (31st) Trading Day after May 27, 2020 up to the close of business (at the place where the Note Certificate evidencing such Notes is deposited for conversion) of the second Business Day immediately preceding the Maturity Date (but, except as provided in Section 7.1(c), in no event thereafter) (the “Conversion Period”).
