Common use of Expiration of Conversion Rights Clause in Contracts

Expiration of Conversion Rights. The conversion rights of the Holders shall expire on the close of business on the Business Day prior to the maturity date of the 1998A Debentures, or, in the case of 1998A Debentures called for redemption, at the close of business on the Business Day prior to the Redemption Date unless the Company defaults in making the payment due upon redemption (the "Conversion Expiration Date").

Appears in 2 contracts

Samples: General Terms (El Paso Energy Capital Trust I), El Paso Natural Gas Co

AutoNDA by SimpleDocs

Expiration of Conversion Rights. The conversion rights of the Holders shall expire on the close of business on the Business Day prior to the maturity date of the 1998A Debentures, or, in the case of 1998A Debentures called for redemption, at the close of business on the Business Day prior to the Redemption Date unless the Company defaults in making the payment due upon redemption (the "Conversion Expiration Date").

Appears in 2 contracts

Samples: Amcv Capital Trust I, American Classic Voyages Co

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.