Common use of Conversion Period Clause in Contracts

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).

Appears in 4 contracts

Samples: Indenture (Oscient Pharmaceuticals Corp), Indenture (Oscient Pharmaceuticals Corp), Indenture (Oscient Pharmaceuticals Corp)

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Conversion Period. Notwithstanding the foregoing, if such Security is called for redemption or 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 Redemption Date, Repurchase Date or Fundamental Change Repurchase Date Date, as the case may be, for such Security or such earlier date as the Holder presents such Security for repurchase (unless the Company shall default on payment of the Redemption Price, Repurchase Price or Fundamental Change Repurchase Price, as applicable, 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 redeemed or repurchased).

Appears in 2 contracts

Samples: Indenture (Affymetrix Inc), Affymetrix Inc

Conversion Period. Notwithstanding the foregoing, if such Security is submitted or presented for repurchase pursuant to Article 1112, 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).

Appears in 2 contracts

Samples: Indenture (Oscient Pharmaceuticals Corp), Indenture (Guardian II Acquisition CORP)

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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 Repurchase Date or Fundamental Change Repurchase Date Date, as the case may be, 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).

Appears in 2 contracts

Samples: Indenture (Affymetrix Inc), Cadence Design Systems Inc

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