Common use of Restrictions on Common Stock Issuable Upon Conversion Clause in Contracts

Restrictions on Common Stock Issuable Upon Conversion. If shares of Common Stock to be issued upon conversion of a Security in respect of Preferred Securities are to be registered in a name other than that of the holder of such Preferred Security, then the Person in whose name such shares of Common Stock are to be registered must deliver to the Conversion Agent a certificate satisfactory to the Company and signed by such Person, as to compliance with the restrictions on transfer applicable to such Preferred Security. Neither the Trustee nor any Conversion Agent or Registrar shall be required to register in a name other than that of the holder shares of Common Stock or such Preferred Securities issued upon conversion of any such Security in respect of such Preferred Securities not so accompanied by a properly completed certificate.

Appears in 4 contracts

Samples: Junior Subordinated Indenture (Continental Airlines Finance Trust Iii), Junior Subordinated Indenture (Newfield Exploration Co /De/), Junior Subordinated Indenture (Spinnaker Exploration Co)

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