Common use of Conversion Privilege and Conversion Price Clause in Contracts

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article Twelve, at the option of the Holder thereof, any Security may be converted into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100th of a share) of Common Stock of the Guarantor at the Conversion Price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on June 1, 2002 subject, in the case of the conversion of any Global Security, to any applicable book-entry procedures of the Depositary therefor and the following sentence. In case a Security or portion thereof is called for redemption or is delivered for repurchase, such conversion right in respect of the Security or portion so called shall expire at the close of business on the Business Day prior to the Redemption Date or the Repurchase Date (as defined in Article Fifteen), as the case may be, unless the Issuer defaults in making the payment due upon redemption or repurchase, as the case may be. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "Conversion Price") shall be initially U.S.$35.50 per share of Common Stock. The Conversion Price shall be adjusted in certain instances as provided in this Article Twelve.

Appears in 1 contract

Samples: Indenture (Atmel Corp)

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Conversion Privilege and Conversion Price. Subject to and upon on compliance with the provisions of this Article TwelveXIII, at the option of the Holder thereof, any Security of any series may be converted at any time during the convertibility period as described on the face of each Security (the "Convertibility Period") for that Security at the principal amount thereof into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100th 1/100 of a share) of Common Stock of the Guarantor Stock, at the Conversion Priceconversion price for that Security, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on June 1, 2002 subject, in the case last day of the conversion of any Global Security, to any applicable book-entry procedures of the Depositary therefor and the following sentenceConvertibility Period. In case a Security or portion thereof is called for redemption or is delivered for repurchaseredemption, such conversion right in respect of the Security or portion so called shall expire at the close of business on the Business Day prior to second business day preceding the applicable Redemption Date or the Repurchase Date (as defined in Article Fifteen), as the case may beDate, unless the Issuer Company defaults in making the payment due upon redemption or repurchase, as the case may beon redemption. The price at which shares of Common Stock shall be delivered upon on conversion of any Security (herein called the "Conversion Priceconversion price") shall be initially U.S.$35.50 the Conversion Price per share of Common StockStock which is fixed for that Security by or pursuant to this Indenture. The Conversion Price conversion price shall be adjusted in certain instances as provided in this Article Twelveparagraphs (a), (b), (c), (d), (e), (f) and (i) of Section 13.04.

Appears in 1 contract

Samples: Indenture (Pentegra Dental Group Inc)

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article Twelve, at the option of the Holder thereof, the Holder of any Security may be converted is entitled at his option, at any time on or after the 90th day following the last original issue date of the Security and prior to the close of business on August 1, 2002, to convert such Security into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100th of a share) of Common Stock of the Guarantor at the Conversion Price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on June 1, 2002 be subject, in the case of the conversion of any Global Security, to any applicable book-entry procedures of the Depositary therefor and the following sentence. In case a Security or portion thereof is called for redemption or is delivered for repurchase, such conversion right in respect of the Security or portion so called shall expire at the close of business on the Business Day prior to the Redemption Date or the Repurchase Date (as defined in Article FifteenFourteen), as the case may be, unless the Issuer defaults in making the payment due upon redemption or repurchase, as the case may be. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "Conversion Price") shall be initially U.S.$35.50 U.S.$48.50 per share of Common Stock. The Conversion Price shall be adjusted in certain instances as provided in this Article Twelve.

Appears in 1 contract

Samples: Indenture (Wind River Systems Inc)

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article TwelveArticle, at the option of the Holder thereof, any Security Debenture or any portion of the principal amount thereof which is $1,000.00 or an integral multiple thereof may be converted converted, beginning December 7, 1993, at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100th 1/100 of a share) of Common Stock of the Guarantor Company at the Conversion Price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on June October 1, 2002 subject, in the case of the conversion of any Global Security, to any applicable book-entry procedures of the Depositary therefor and the following sentence2000. In case a Security Debenture or portion thereof is called for redemption at the election of the Company or is delivered for repurchaserepurchase pursuant to Article 14, such conversion right in respect of the Security Debenture or portion so called shall expire at the close of business on the Business Day prior to the Redemption Date or the Repurchase Repur- chase Date (as defined in Article Fifteen14), as the case may be, unless the Issuer Company defaults in making the payment due upon redemption or repurchase, as the case may be. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "Conversion Price") shall be initially U.S.$35.50 $30.31 per share of Common Stock. The Conversion Price shall be adjusted in certain instances as provided in this Article TwelveThirteen. A Holder is not entitled to any rights of a holder of Common Stock by virtue of its ownership of Debentures until such Holder has converted such Debentures to Common Stock, and only to the extent such Debentures are deemed to have been converted to Common Stock under this Article Thirteen.

Appears in 1 contract

Samples: Indenture (Gentiva Health Services Inc)

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Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article Twelve12, at any time prior to the close of business on the Stated Maturity, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which is $1,000 or any integral multiple of $1,000, may be converted at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares Common Stock (calculated as to each conversion to the nearest 1/100th 1/100 of a share) of Common Stock of the Guarantor at the Conversion Price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on June 1, 2002 the Redemption Date or Repurchase Date for such Security; subject, in the case of the conversion of any a Global Security, to any applicable book-entry procedures of the Depositary therefor and the following sentenceDepository for such conversion. In case a Security or portion thereof is called for redemption at the election of the Company or is delivered for repurchaserepurchase at the option of the Holder, such conversion right in respect of the Security or portion thereof so called shall expire at the close of business on the Business Day prior to the Redemption Date or the Repurchase Date (as defined in Article Fifteen), as the case may beDate, unless the Issuer Company defaults in making the payment due upon redemption or the repurchase, as the case may bebe (subject as aforesaid to any applicable book-entry procedures). The price at which Securities may be converted into shares of Common Stock shall be delivered upon conversion at a price (herein called the "Conversion Price") shall be initially U.S.$35.50 of $15.03 per share of Common Stockshare. The Conversion Price shall be adjusted in certain instances as provided in this Article Twelve12.

Appears in 1 contract

Samples: Indenture (Ikon Office Solutions Inc)

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article TwelveArticle, at the option of the Holder thereof, any Security may be converted into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100th of a share) of Common Stock of the Guarantor Company at the Conversion Price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall commence on the 90th days after the last original issue date of the Notes and expire at the close of business on June August 1, 2002 2004, subject, in the case of the conversion of any Global Security, to any applicable book-entry procedures of the Depositary therefor and the following sentenceApplicable Procedures. In case a Security or portion thereof is called for redemption at the election of the Company or is delivered for repurchasethe Holder thereof exercises his right to require the Company to repurchase the Security, such conversion right in respect of the Security Security, or portion thereof so called called, shall expire at the close of business on the Business fifth Trading Day prior to preceding the Redemption Date or the second Trading Day preceding the Repurchase Date (as defined in Article Fifteen)Date, as the case may be, unless the Issuer Company defaults in making the payment due upon redemption or repurchase, as the case may bebe (in each case subject as aforesaid to any Applicable Procedures with respect to any Global Security). The price at which shares of Common Stock shall be delivered upon conversion (herein called the "Conversion Price") shall be initially U.S.$35.50 U.S. $49.725 per share of Common Stock. The Conversion Price shall be adjusted in certain instances as provided in this Article Twelve.

Appears in 1 contract

Samples: Indenture (DSC Communications Corp)

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