Payment of Cash in Lieu of Shares. Upon conversion, the Corporation may offer and the converting holder may agree to the delivery of cash for all or a portion of the Debentures surrendered in lieu of Shares, the cash equivalent thereof to be determined on the basis of the Current Market Price of the Shares to be received upon conversion on the Date of Conversion (less applicable withholding taxes, if any).
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Samples: Convertible Debenture Indenture (Transglobe Energy Corp), Convertible Debenture Indenture (Transglobe Energy Corp), Convertible Secured Debenture Indenture
Payment of Cash in Lieu of Shares. Upon conversion, the Corporation may offer and the converting holder may agree to the delivery of cash for all or a portion of the Debentures Notes surrendered in lieu of Shares, the cash equivalent thereof to be determined on the basis of the Current Market Price of the Shares to be received upon conversion on the Date of Conversion (less applicable withholding taxes, if any).
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