Obligations during Conversion Period Clause Samples

Obligations during Conversion Period. Until such time as all Convertible Bonds have been converted into shares of Common Stock, the following provisions will apply: a. The Issuer must reserve a sufficient number of shares of Common Stock to permit the conversion of all Outstanding Convertible Bonds into shares of Common Stock. If necessary the Issuer will increase the number of shares of Common Stock in its authorized capital to permit the conversion of the Convertible Bonds. b. If the Issuer increases or decreases the par value of its shares of Common Stock then the Issuer will reserve more or less, as the case may be, shares of its authorized Common Stock to permit the conversion of the Convertible Bonds. c. The Issuer must make available a copy of all periodic and intermediate financial reports to the Bondholders at its registered office during normal work hours on any business day. Any Bondholder that submits a written request will be sent a copy of such periodic and intermediate financial reports. d. Within ten (10) days of any adjustment to the conversion rate or number of shares of Common Stock to be received by the Bondholders upon conversion, the Issuer must publish a notification in two Israeli daily newspapers in wide circulation in Hebrew containing information about the (i) the conversion period, (ii) the conversion rate and (iii) the number of shares of Common Stock that the Bondholders are entitled to receive as a result of a conversion. e. No later than three (3) weeks and no earlier than four (4) weeks prior to the end of the conversion period, the Issuer must publish a notification in two Israeli daily newspapers in wide circulation in Hebrew and must deliver by registered to mail to each Bondholder and the Trustees, a notification containing information about the (i) the conversion period, (ii) the conversion rate and (iii) the number of shares of Common Stock that the Bondholders are entitled to receive as a result of a conversion, including any bonus shares to which the Bondholders are entitled. The Bondholders entitled to such notification are the Bondholders listed in the Register one (1) month prior to the end of the conversion period. f. The Issuer may not distribute a share dividend or a cash dividend to its common stockholders and may not offer any additional rights that confer a benefit to the common stockholders unless the record date for receiving such dividends or rights is at least ten (10) business days after the publication of the Issuer’s notification concern...