Common use of Convertible Securities Clause in Contracts

Convertible Securities. Upon the Offeror’s public announcement of its intention to take up under the Offer no less than 50% of the then outstanding Common Shares, the Seller irrevocably and unconditionally agrees, prior to the Take-Up Date, to exercise, convert or exchange all of the Convertible Securities constituting Seller’s Securities (other than Options) and deposit or cause to be deposited with the depositary under the Offer the Common Shares issued upon the exercise, conversion or exchange of such Convertible Securities, together with all duly completed and executed letters of transmittal (as applicable) under the Offer.