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, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which equals $1,000 or any integral multiple thereof may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock, 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 September 30, 2003. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or portion so called shall expire at the close of business on the second business day preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion price") shall be initially $31.11 per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 1304.

Appears in 1 contract

Samples: Indenture (Speedway Motorsports Inc)

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Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which equals $1,000 or any integral multiple thereof may be converted at any time after the 60th day following the date of original issuance and prior to redemption or final maturity of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock, 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 September 30December 1, 20032004. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or portion so called shall expire at the close of business on the second business day next preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion price") shall be initially $31.11 28.2125 per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f), (g) and (i) of Section 1304.

Appears in 1 contract

Samples: Indenture (Res Care Inc /Ky/)

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, at any time after 60 days from the latest date of original issuance of the Notes, any Security or any portion of the principal amount thereof which equals is $1,000 or any an integral multiple thereof of $1,000 may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common StockStock of the 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 September 30December 1, 20032000. In case a Security or portion thereof is called for redemptionredemption 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 fifth Business Day prior to the Redemption Date, or the second business day Trading Day preceding the applicable Redemption DateRepurchase Date (as defined in Article 14), as the case may be, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion price") shall be initially $31.11 _____ per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 130412.4.

Appears in 1 contract

Samples: Indenture (Analog Devices Inc)

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this ArticleArticle Twelve, at the option of the Holder thereof, at any Security time after sixty (60) days following the latest date of original issuance of the Notes, any Note or any portion of the principal amount thereof which equals is $1,000 or any an integral multiple thereof of $1,000, may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common StockStock of the Company, at the conversion priceConversion Price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall expire at the close of business on September 30, 2003. In case a Security Note or portion thereof is called for redemptionredemption or is delivered for repurchase, such conversion right in respect of the Security Note or portion so called shall expire at the close of business on the second business day fifth Business Day prior to the Redemption Date, or the fifth Business Day preceding the applicable Redemption DateRepurchase Date (as defined in Article Fourteen), as the case may be, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion priceConversion Price") shall be initially $31.11 ______ per share of Common Stock. The conversion price Conversion Price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 130412.4.

Appears in 1 contract

Samples: Indenture (Signature Resorts Inc)

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, at any time after 60 days from the latest date of original issuance of the Notes, any Security or any portion of the principal amount thereof which equals is $1,000 or any an integral multiple thereof of $1,000 may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common StockStock of the 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 September 30December 1, 20032000. In case a Security or portion thereof is called for redemptionredemption 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 fifth Business Day prior to the Redemption Date, or the second business day Trading Day preceding the applicable Redemption DateRepurchase Date (as defined in Article 14), as the case may be, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion price") shall be initially $31.11 41 7/8 per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 1304.12.4. -60- 70

Appears in 1 contract

Samples: Indenture (Analog Devices Inc)

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any definitive Security or any portion of the principal amount thereof which equals is U.S. $1,000 or any an integral multiple thereof of U.S. $1,000 may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into duly authorized, fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock, at the conversion priceConversion Price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall shall, with respect to all Securities, commence on the 60th day following the latest date of original issuance thereof and expire at the close of business on September 30July 1, 20032005. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or the portion so called called, shall expire at the close of business on the second business day Business Day preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. In the case of a Designated Event for which the Holder exercises its Repurchase Right with respect to a Security or portion thereof, such conversion right in respect of the Security or portion thereof shall expire upon receipt of the written notice of exercise of such Repurchase Right, provided that the expiration of a Holder's -------- conversion right hereunder is subject to such Holder's right to revoke the exercise of its Repurchase Right. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion priceConversion Price") shall be initially U.S. $31.11 64.50 per share of Common Stock. The conversion price Conversion Price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (ih) of Section 130412.4.

Appears in 1 contract

Samples: Indenture (Comverse Technology Inc/Ny/)

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions provision of this Article, at the option of the Holder thereof, any Security Debenture or any portion of the principal amount thereof which equals is $1,000 or any integral multiple thereof of $1,000 may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable a cash payment equal to $6.70 times the number of shares of Common Stock of the Company (calculated as to each conversion to the nearest 1/100 of a share) into which such Debenture or any portion of Common Stockthe principal amount thereof is convertible into, 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 September 30March 1, 20032012. In case a Security Debenture or portion thereof is called for redemption, such conversion right in respect of the Security Debenture or portion so called shall expire at the close of business on the second business day preceding prior to the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion price") shall be initially $31.11 40.00 per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a1), (b2), (c3), (d4), (e), (f7) and (i) 8) of Section 1304."

Appears in 1 contract

Samples: First Supplemental Indenture (Maxtor Corp)

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which equals $1,000 1,000,000 or any integral multiple thereof of $1,000,000 in excess thereof, may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock, 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 September 30May 3, 20032014. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or portion so called shall expire at the close of business on the second business day preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion price") shall be initially $31.11 22.75 per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 1304.

Appears in 1 contract

Samples: Indenture (Hilb Rogal & Hamilton Co /Va/)

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Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which equals $1,000 or any integral multiple thereof may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares Common Shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock), 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 September 30November 13, 2003. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or portion so called shall expire at the close of business on the second business day Business Day next preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. A Security for which a Holder has delivered a Repurchase Event purchase notice exercising the option of such holder to require the Company to repurchase such Security pursuant to Article Fourteen may be converted only if such notice is withdrawn by a written notice of withdrawal delivered by the Holder to the Company prior to the close of business on the Business Day immediately preceding the Repurchase Date. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion price") shall be initially $31.11 8.5406 per share of Common Stockshare. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 1304.

Appears in 1 contract

Samples: Indenture (North American Vaccine Inc)

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which equals $1,000 or any integral multiple thereof may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock, 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 September 30April 15, 20032004. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or portion so called shall expire at the close of business on the second business day preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion price") shall be initially $31.11 25.50 per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 130413.04.

Appears in 1 contract

Samples: Indenture (American Residential Services Inc)

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which equals $1,000 or any integral multiple thereof may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock, 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 September 30December 15, 20032002. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or portion so called shall expire at the close of business on the second business day preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion price") shall be initially $31.11 27.25 per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 1304.

Appears in 1 contract

Samples: Indenture (PHP Healthcare Corp)

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any Security or any portion of the principal amount thereof which equals $1,000 or any integral multiple thereof may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock, 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 September 30December 1, 20032001. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or portion so called shall expire at the close of business on the second business day preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion price") shall be initially $31.11 25.00 per share of Common Stock. The conversion price shall be adjusted in certain instances as provided in paragraphs (a), (b), (c), (d), (e), (f) and (i) of Section 1304.

Appears in 1 contract

Samples: Indenture (Physicians Resource Group Inc)

Conversion Privilege and Conversion Price. Subject to and upon compliance with the provisions of this Article, at the option of the Holder thereof, any definitive Security or any portion of the principal amount thereof which equals is U.S. $1,000 or any an integral multiple thereof of U.S. $1,000 may be converted at any time after the 60th day following the date of original issuance of Securities under this Indenture at the principal amount thereof, or of such portion thereof, into duly authorized, fully paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock, at the conversion priceConversion Price, determined as hereinafter provided, in effect at the time of conversion. Such conversion right shall shall, with respect to all Securities, commence on the 60th day following the latest date of original issuance thereof and expire at the close of business on September 30October 1, 20032006. In case a Security or portion thereof is called for redemption, such conversion right in respect of the Security or the portion so called called, shall expire at the close of business on the second business day fifth Business Day preceding the applicable Redemption Date, unless the Company defaults in making the payment due upon redemption. In the case of a Designated Event for which the Holder exercises its Repurchase Right with respect to a Security or portion thereof, such conversion right in respect of the Security or portion thereof shall expire upon receipt of the written notice of exercise of such Repurchase Right. The price at which shares of Common Stock shall be delivered upon conversion (herein called the "conversion priceConversion Price") shall be initially U.S. $31.11 45.75 per share of Common Stock. The conversion price Conversion Price shall be adjusted in certain instances as provided in paragraphs (a1), (b2), (c3), (d4), (e5), (f6) and (i7) of Section 130412.4.

Appears in 1 contract

Samples: Indenture (Comverse Technology Inc/Ny/)

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