Common use of Conversion Upon Notice of Redemption Clause in Contracts

Conversion Upon Notice of Redemption. A Holder may surrender for conversion any of the Notes called for redemption at any time prior to the close of business on the second Business Day prior to the Redemption Date, even if the Notes are not otherwise convertible at such time. The right to convert Notes pursuant to this clause (c) will expire after the close of business on the second Business Day prior to the Redemption Date unless the Company defaults in making the payment due upon redemption. A Holder may convert fewer than all of its Notes so long as the Notes converted are an integral multiple of $1,000 principal amount and the remaining principal amount of Notes is in an authorized denomination. However, if a Holder has already delivered a Purchase Notice or a Change in Control Purchase Notice with respect to a Note, such Holder may not surrender such Note for conversion until it has withdrawn such notice in accordance with the applicable provisions of Section 2.08 or 2.09 hereof, as the case may be.

Appears in 2 contracts

Samples: Twelfth Supplemental Indenture (Developers Diversified Realty Corp), Supplemental Indenture (Developers Diversified Realty Corp)

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Conversion Upon Notice of Redemption. A Holder may surrender for conversion any of the Notes called for redemption at any time prior to the close of business on the second third Business Day prior to the Redemption Date, even if the Notes are not otherwise convertible at such time. The right to convert Notes pursuant to this clause (c) will expire after the close of business on the second third Business Day prior to the Redemption Date unless the Company defaults in making the payment due upon redemption. A Holder may convert fewer than all of its Notes so long as the Notes converted are an integral multiple of $1,000 principal amount and the remaining principal amount of Notes is in an authorized denomination. However, if a Holder has already delivered a Purchase an Optional Repurchase Notice or a Change in Control Purchase Notice with respect to a Note, such Holder may not surrender such Note for conversion until it has withdrawn such notice in accordance with the applicable provisions of Section 2.08 or 2.09 hereof, as the case may be.

Appears in 2 contracts

Samples: First Supplemental Indenture (Weingarten Realty Investors /Tx/), Indenture (Bre Properties Inc /Md/)

Conversion Upon Notice of Redemption. A Holder may surrender for conversion any of the Notes called for redemption at any time prior to the close of business on the second third Business Day prior to the Redemption Date, even if the Notes are not otherwise convertible at such time. The right to convert Notes pursuant to this clause (ciii) will shall expire after the close of business on the second third Business Day prior to the Redemption Date unless the Company Issuer defaults in making the payment due upon redemption. A Holder may convert fewer than all of its Notes so long as the Notes converted are an integral multiple of $1,000 principal amount and the remaining principal amount of Notes is in an authorized denomination. However, if a Holder has already delivered a Purchase Notice or a Change in Control Purchase Repurchase Notice with respect to a Note, such Holder may not surrender such Note for conversion until it has withdrawn such notice in accordance with the applicable provisions of Section 2.08 or 2.09 3.08 hereof, as the case may be.

Appears in 1 contract

Samples: Ventas Inc

Conversion Upon Notice of Redemption. A Holder holder may surrender for conversion any of the Notes called for redemption at any time prior to the close of business on the second Business Day prior to the Redemption Date, even if the Notes are not otherwise convertible at such time. The right to convert Notes pursuant to this clause (cSection 13.01(a)(iii) will expire after the close of business on the second Business Day prior to the Redemption Date unless the Company Issuer defaults in making the payment due upon redemption. A Holder holder may convert fewer than all of its Notes so long as the Notes converted are an integral multiple of $1,000 principal amount and the remaining principal amount of Notes is in an authorized denomination. However, if a Holder holder has already delivered a Purchase Notice or a Change in Control Purchase Notice pursuant to Section 3.05 hereof or an Optional Repurchase Notice pursuant to Section 3.06 hereof with respect to a Note, such Holder holder may not surrender such Note for conversion until it has withdrawn such notice in accordance with the applicable provisions of Section 2.08 3.05 or 2.09 Section 3.06 hereof, as the case may be.

Appears in 1 contract

Samples: Indenture (RAIT Financial Trust)

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Conversion Upon Notice of Redemption. A Holder holder may surrender for conversion any of the Notes called for redemption at any time prior to the close of business on the second Business Day prior to the Redemption Date, even if the Notes are not otherwise convertible at such time. The right to convert Notes pursuant to this clause (cSection 13.1(a)(iii) will expire after the close of business on the second Business Day prior to the Redemption Date unless the Company Issuer defaults in making the payment due upon redemption. A Holder holder may convert fewer than all of its Notes so long as the Notes converted are an integral multiple of $1,000 principal amount and the remaining principal amount of Notes is in an authorized denomination. However, if a Holder holder has already delivered a Purchase Notice or a Change in Control Purchase Notice pursuant to Section 3.5 hereof or an Optional Repurchase Notice pursuant to Section 3.6 hereof with respect to a Note, such Holder holder may not surrender such Note for conversion until it has withdrawn such notice in accordance with the applicable provisions of Section 2.08 3.5 or 2.09 Section 3.6 hereof, as the case may be.

Appears in 1 contract

Samples: Indenture (Luminent Mortgage Capital Inc)

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