Common use of No Payment or Adjustment for Interest or Dividends Clause in Contracts

No Payment or Adjustment for Interest or Dividends. Unless otherwise specified as contemplated by Section 2.02 for Securities of that series, Securities surrendered for conversion into Common Stock during the period from the close of business on any Record Date next preceding any Interest Payment Date to the opening of business on such Interest Payment Date (except Securities called for redemption on a redemption date within such period) when surrendered for conversion must be accompanied by payment (by certified or official bank check to the order of the Company payable by check or in clearing house funds at the location where the Securities are surrendered) of an amount equal to the interest thereon which the Holder is entitled to receive on such Interest Payment Date. Payment of interest shall be made, on such Interest Payment Date or such other payment date (as set forth in Section 2.13), as the case may be, to the Holder of the Securities as of such Record Date. Except where Securities surrendered for conversion must be accompanied by payment as described above, no interest on converted Securities will be payable by the Company on any Interest Payment Date subsequent to the date of conversion. No other payment or adjustment for interest or dividends is to be made upon conversion. Notwithstanding the foregoing, upon conversion of any Original Issue Discount Security, the fixed number of shares of Common Stock into which such Security is convertible delivered by the Company to the Holder thereof shall be applied, first, to the portion attributable to the accrued original issue discount relating to the period from the date of issuance to the date of conversion of such Security, and, second, to the portion attributable to the balance of the principal amount of such Security.

No Payment or Adjustment for Interest or Dividends. Unless otherwise specified as contemplated by Section 2.02 3.01 for Securities of that such series, Securities surrendered for conversion into Common Stock during the period from the close of business on any Regular Record Date (or Special Record Date for payment of defaulted interest) next preceding any Interest Payment Date to the opening of business on such Interest Payment Date (except Securities called for redemption on a redemption date Redemption Date within such period) when surrendered for conversion must be accompanied by payment (by certified or official bank check to the order of the Company payable by check or in clearing house funds at the location where the Securities are surrendered) of an amount equal to the interest thereon which the registered Holder is entitled to receive on such Interest Payment Date; provided, however, that if the Company shall default in the payment of said interest, such funds shall be returned to the payer thereof. Payment of interest shall be made, on as of such Interest Payment Date or such other payment date (as set forth in Section 2.13)date, as the case may be, to the Holder of the Securities record as of such Regular, or Special Record Date, as applicable. Except where Securities surrendered for conversion must be accompanied by payment as described above, no interest on converted Securities will be payable by the Company on any Interest Payment Date subsequent to the date of conversion. No other payment or adjustment for interest or dividends is to be made upon conversion. Notwithstanding the foregoing, upon conversion of any Original Issue Discount Security, the fixed number of shares of Common Capital Stock into which such Security is convertible delivered by the Company to the Holder thereof shall be applied, first, to the portion attributable to pay the accrued original issue discount relating attributable to the period from the date of issuance to the date of conversion of such Security, and, second, to the portion attributable to pay the balance of the principal amount of such Security.

No Payment or Adjustment for Interest or Dividends. Unless otherwise specified as contemplated by Section 2.02 301 for Securities of that such series, Securities surrendered for conversion into Common Stock during the period from the close of business on any Regular Record Date (or Special Record Date) next preceding any Interest Payment Date to the opening of business on such Interest Payment Date (except Securities called for redemption on a redemption date Redemption Date within such period) when surrendered for conversion must be accompanied by payment (by certified or official bank check to the order of the Company payable by check or in clearing house funds at the location where the Securities are surrendered) of an amount equal to the interest thereon which the Holder is entitled to receive on such Interest Payment Date. Payment of interest shall be made, on such Interest Payment Date or such other payment date (as set forth in Section 2.13307), as the case may be, to the Holder of the Securities as of such Regular Record Date or Special Record Date, as applicable. Except where Securities surrendered for conversion must be accompanied by payment as described above, no interest on converted Securities will be payable by the Company on any Interest Payment Date subsequent to the date of conversion. No other payment or adjustment for interest or dividends is to be made upon conversion. Notwithstanding the foregoing, upon conversion of any Original Issue Discount Security, the fixed number of shares of Common Stock into which such Security is convertible delivered by the Company to the Holder thereof shall be applied, first, to the portion attributable to the accrued original issue discount relating to the period from the date of issuance to the date of conversion of such Security, and, second, to the portion attributable to the balance of the principal amount of such Security.

No Payment or Adjustment for Interest or Dividends. Unless otherwise specified as contemplated by Section 2.02 301 for Debt Securities of that series, Securities surrendered such for conversion Conversion into Common Stock Shares during the period from the close of business on any Regular Record Date (or Special Record Date) next preceding any Interest Payment Date to the opening of business on such Interest Payment Date (except Debt Securities called for redemption on an a redemption date Redemption Date within such period) when surrendered for conversion must be accompanied by payment (by certified or official bank check to the order of the Company payable by check or in clearing house funds at the location where the Debt Securities are surrendered) of an amount equal to the interest thereon which the Holder is entitled to receive on such Interest Payment Date. Payment of interest shall be made, on such Interest Payment Date or such other payment date (as set forth in Section 2.13307), as the case may be, to the Holder of the Debt Securities as of such Regular Record Date or Special Record Date, as applicable. Except where Debt Securities surrendered for conversion must be accompanied by payment as described above, no interest on converted Securities securities will be payable by the Company on any Interest Payment Date subsequent to the date of conversion. No other payment or adjustment for interest or dividends is to be made upon conversion. Notwithstanding the foregoing, upon conversion of any Original Issue Discount Security, the fixed number of shares of Common Stock Shares into which such Security is convertible delivered by the Company to the Holder thereof shall be applied, first, to the portion attributable to the accrued original issue discount relating to the period from the date of issuance to the date of conversion of such Security, and, and second, to the portion attributable to the balance of the principal amount of such Security.

No Payment or Adjustment for Interest or Dividends. Unless otherwise specified as contemplated by Section 2.02 for Securities of that series, Securities surrendered for conversion into Common Stock during the period from the close of business on any Record Date next preceding any Interest Payment Date to the opening of business on such Interest Payment Date (except Securities called for redemption on a redemption date within such period) when surrendered for conversion must be accompanied by payment (by certified or official bank check to the order of the Company Ventas, Inc. payable by check or in clearing house funds at the location where the Securities are surrendered) of an amount equal to the interest thereon which the Holder is entitled to receive on such Interest Payment Date. Payment of interest shall be made, on such Interest Payment Date or such other payment date (as set forth in Section 2.13), as the case may be, to the Holder of the Securities as of such Record Date. Except where Securities surrendered for conversion must be accompanied by payment as described above, no interest on converted Securities will be payable by the Company Ventas, Inc. on any Interest Payment Date subsequent to the date of conversion. No other payment or adjustment for interest or dividends is to be made upon conversion. Notwithstanding the foregoing, upon conversion of any Original Issue Discount Security, the fixed number of shares of Common Stock into which such Security is convertible delivered by the Company Ventas, Inc. to the Holder thereof shall be applied, first, to the portion attributable to the accrued original issue discount relating to the period from the date of issuance to the date of conversion of such Security, and, second, to the portion attributable to the balance of the principal amount of such Security.

No Payment or Adjustment for Interest or Dividends. Unless otherwise specified as contemplated by Section 2.02 301 for Securities of that such series, Securities surrendered for conversion into Common Stock Shares during the period from the close of business on any Regular Record Date (or Special Record Date) next preceding any Interest Payment Date to the opening of business on such Interest Payment Date (except Securities called for redemption on a redemption date Redemption Date within such period) when surrendered for conversion must be accompanied by payment (by certified or official bank check to the order of the Company payable by check or in clearing house funds at the location where the Securities are surrendered) of an amount equal to the interest thereon which the Holder is entitled to receive on such Interest Payment Date. Payment of interest shall be made, on such Interest Payment Date or such other payment date (as set forth in Section 2.13307), as the case may be, to the Holder of the Securities as of such Regular Record Date or Special Record Date, as applicable. Except where Securities surrendered for conversion must be accompanied by payment as described above, no interest on converted Securities will be payable by the Company on any Interest Payment Date subsequent to the date of conversion. No other payment or adjustment for interest or dividends is to be made upon conversion. Notwithstanding the foregoing, upon conversion of any Original Issue Discount Security, the fixed number of shares of Common Stock Shares into which such Security is convertible delivered by the Company to the Holder thereof shall be applied, first, to the portion attributable to the accrued original issue discount relating to the period from the date of issuance to the date of conversion of such Security, and, second, to the portion attributable to the balance of the principal amount of such Security.

No Payment or Adjustment for Interest or Dividends. Unless otherwise specified as contemplated by Section 2.02 2.3 for Securities of that seriessuch Series, Securities surrendered for conversion into Common Stock Shares during the period from the close of business on any Record Date regular record date (or special record date) next preceding any Interest Payment Date interest payment date to the opening of business on such Interest Payment Date interest payment date (except Securities called for redemption on a redemption date within such period) when surrendered for conversion must be accompanied by payment (by certified or official bank check to the order of the Company payable by check or in clearing house funds at the location where the Securities are surrendered) of an amount equal to the interest thereon which the Holder is entitled to receive on such Interest Payment Dateinterest payment date. Payment of interest shall be made, on such Interest Payment Date interest payment date or such other payment date (as set forth in Section 2.132.7), as the case may be, to the Holder of the Securities as of such Record Dateregular record date or special record date, as applicable. Except where Securities surrendered for conversion must be accompanied by payment as described above, no interest on converted Securities will be payable by the Company on any Interest Payment Date interest payment date subsequent to the date of conversion. No other payment or adjustment for interest or dividends is to be made upon conversion. Notwithstanding the foregoing, upon conversion of any Original Issue Discount Security, the fixed number of shares of Common Stock Shares into which such Security is convertible delivered by the Company to the Holder thereof shall be applied, first, to the portion attributable to the accrued original issue discount relating to the period from the date of issuance to the date of conversion of such Security, and, second, to the portion attributable to the balance of the principal amount of such Security.

No Payment or Adjustment for Interest or Dividends. Unless otherwise specified as contemplated by Section 2.02 for Securities of that series, surrendered Securities surrendered that are to be exchanged for conversion into Common Stock during the period from the close of business on any Record Date next preceding any Interest Payment Date to the opening of business on such Interest Payment Date (except Securities called for redemption on a redemption date within such period) when surrendered for conversion exchange must be accompanied by payment (by certified or official bank check to the order of the Company Issuer payable by check or in clearing house funds at the location where the Securities are surrendered) of an amount equal to the interest thereon which the Holder is entitled to receive on such Interest Payment Date. Payment of interest shall be made, on such Interest Payment Date or such other payment date (as set forth in Section 2.13), as the case may be, to the Holder of the Securities as of such Record Date. Except where Securities surrendered for conversion exchange must be accompanied by payment as described above, no interest on converted exchanged Securities will be payable by the Company Issuer on any Interest Payment Date subsequent to the date of conversionexchange. No other payment or adjustment for interest or dividends is to be made upon conversionexchange. Notwithstanding the foregoing, upon conversion exchange of any Original Issue Discount Security, the fixed number of shares of Common Stock into for which such Security is convertible exchangeable delivered by the Company Issuer to the Holder thereof shall be applied, first, to the portion attributable to the accrued original issue discount relating to the period from the date of issuance to the date of conversion exchange of such Security, and, second, to the portion attributable to the balance of the principal amount of such Security.

No Payment or Adjustment for Interest or Dividends. Unless otherwise specified as contemplated by Section 2.02 2.03 for Securities of that seriessuch Series, Securities surrendered for conversion into Common Stock Shares during the period from the close of business on any Record Date regular record date or special record date next preceding any Interest Payment Date interest payment date to the opening of business on such Interest Payment Date interest payment date (except Securities called for redemption on a redemption date within such period) when surrendered for conversion must be accompanied by payment (payment, by certified or official bank check to the order of the Company payable by check or in clearing house funds at the location where the Securities are surrendered) , of an amount equal to the interest thereon which the Holder is entitled to receive on such Interest Payment Dateinterest payment date. Payment of interest shall be made, on such Interest Payment Date interest payment date or such other payment date (as set forth in Section 2.132.07), as the case may be, to the Holder of the Securities as of such Record Dateregular record date or special record date, as applicable. Except where Securities surrendered for conversion must be accompanied by payment as described above, no interest on converted Securities will be payable by the Company on any Interest Payment Date interest payment date subsequent to the date of conversion. No other payment or adjustment for interest or dividends is to be made upon conversion. Notwithstanding the foregoing, upon conversion of any Original Issue Discount Security, the fixed number of shares of Common Stock Shares into which such Security is convertible delivered by the Company to the Holder thereof shall be applied, first, to the portion attributable to the accrued original issue discount relating to the period from the date of issuance to the date of conversion of such Security, and, second, to the portion attributable to the balance of the principal amount of such Security.

No Payment or Adjustment for Interest or Dividends. Unless otherwise specified as contemplated by Section 2.02 for Securities of that series, Securities surrendered for conversion into Common Stock during the period from the close of business on any Record Date next preceding any Interest Payment Date to the opening of business on such Interest Payment Date (except Securities called for redemption on a redemption date within such period) when surrendered for conversion must be accompanied by payment (by certified or 66 official bank check cheque to the order of the Company payable by check or in clearing house funds at the location where the Securities are surrenderedVentas, Inc.) of an amount equal to the interest thereon which the Holder is entitled to receive on such Interest Payment Date. Payment of interest shall be made, on such Interest Payment Date or such other payment date (as set forth in Section 2.13), as the case may be, to the Holder of the Securities as of such Record Date. Except where Securities surrendered for conversion must be accompanied by payment as described above, no interest on converted Securities will be payable by the Company Ventas, Inc. on any Interest Payment Date subsequent to the date of conversion. No other payment or adjustment for interest or dividends is to be made upon conversion. Notwithstanding the foregoing, upon conversion of any Original Issue Discount Security, the fixed number of shares of Common Stock into which such Security is convertible delivered by the Company Ventas, Inc. to the Holder thereof shall be applied, first, to the portion attributable to the accrued original issue discount relating to the period from the date of issuance to the date of conversion of such Security, and, second, to the portion attributable to the balance of the principal amount of such Security.

No Payment or Adjustment for Interest or Dividends. Unless otherwise specified as contemplated by Section 2.02 for Securities of that series, Securities surrendered for conversion into Common Stock during the period from the close of business on any Record Date next preceding any Interest Payment Date to the opening of business on such Interest Payment Date (except Securities called for redemption on a redemption date within such period) when surrendered for conversion must be accompanied by payment (by certified or official bank check to the order of the Company Ventas, Inc. payable by check or in clearing house funds at the location where the Securities are surrendered) of an amount equal to the interest thereon which the Holder is entitled to receive on such Interest Payment Date. Payment of interest shall be made, on such Interest Payment Date or such other payment date (as set forth in Section 2.13), as the case may be, to the Holder of the Securities as of such Record Date. Except where Securities surrendered for conversion must be accompanied by payment as described above, no interest on converted Securities will be payable by the Company Ventas, Inc. on any Interest Payment Date subsequent to the date of conversion. No other payment or adjustment for interest or dividends is to be made upon conversion. Notwithstanding the foregoing, upon conversion of any Original Issue Discount Security, the fixed number of shares of Common Stock into which such Security is convertible delivered by the Company Ventas, Inc. to the Holder thereof shall be applied, first, to the portion attributable to the accrued original issue discount relating to the period from the date of issuance to the date of conversion of such Security, and, second, to the portion attributable to the balance of the principal amount of such Security.

No Payment or Adjustment for Interest or Dividends. Unless otherwise specified as contemplated by Section 2.02 2.3 for Securities of that seriessuch Series, Securities surrendered for conversion into Common Stock Shares during the period from the close of business on any Record Date regular record date(or special record date) next preceding any Interest Payment Date interest payment date to the opening of business on such Interest Payment Date interest payment date (except Securities called for redemption on a redemption date within such period) when surrendered for conversion must be accompanied by payment (by certified or official bank check to the order of the Company payable by check or in clearing house funds at the location where the Securities are surrendered) of an amount equal to the interest thereon which the Holder is entitled to receive on such Interest Payment Dateinterest payment date. Payment of interest shall be made, on such Interest Payment Date interest payment date or such other payment date (as set forth in Section 2.132.7), as the case may be, to the Holder of the Securities as of such Record Date. regular record date or special record date, as applicable.Except where Securities surrendered for conversion must be accompanied by payment as described above, no interest on converted Securities will be payable by the Company on any Interest Payment Date interest payment date subsequent to the date of conversion. No other payment or adjustment for interest or dividends is to be made upon conversion. Notwithstanding the foregoing, upon conversion of any Original Issue Discount Security, the fixed number of shares of Common Stock Shares into which such Security is convertible delivered by the Company to the Holder thereof shall be applied, first, to the portion attributable to the accrued original issue discount relating to the period from the date of issuance to the date of conversion of such Security, and, second, to the portion attributable to the balance of the principal amount of such Security.

No Payment or Adjustment for Interest or Dividends. Unless otherwise specified as contemplated by Section 2.02 3.01 for Securities of that such series, Securities surrendered for conversion into Common Stock during the period from the close of business on any Regular Record Date (or Special Record Date for payment of defaulted interest) next preceding any Interest Payment Date to the opening of business on such Interest Payment Date (except Securities called for redemption on a redemption date Redemption Date within such period) when surrendered for conversion must be accompanied by payment (by certified or official bank check to the order of the Company payable by check or in clearing house funds at the location where the Securities are surrendered) of an amount equal to the interest thereon which the registered Holder is entitled to receive on such Interest Payment Date; provided, however, that if the Company shall default in the payment of said -------- ------- interest, such funds shall be returned to the payer thereof. Payment of interest shall be made, on as of such Interest Payment Date or such other payment date (as set forth in Section 2.13)date, as the case may be, to the Holder of the Securities record as of such Regular, or Special Record Date, as applicable. Except where Securities surrendered for conversion must be accompanied by payment as described above, no interest on converted Securities will be payable by the Company on any Interest Payment Date subsequent to the date of conversion. No other payment or adjustment for interest or dividends is to be made upon conversion. Notwithstanding the foregoing, upon conversion of any Original Issue Discount Security, the fixed number of shares of Common Capital Stock into which such Security is convertible delivered by the Company to the Holder thereof shall be applied, first, to the portion attributable to pay the accrued original issue discount relating attributable to the period from the date of issuance to the date of conversion of such Security, and, second, to the portion attributable to pay the balance of the principal amount of such Security.