Common use of Revival of Right to Convert Clause in Contracts

Revival of Right to Convert. If the redemption of any Debenture called for redemption by the Company is not made or the payment of the purchase price of any Debenture which has been tendered in acceptance of an offer by the Company to purchase Debentures for cancellation is not made, in the case of a redemption upon due surrender of such Debenture or in the case of a purchase on the date on which such purchase is required to be made, as the case may be, then, provided that the right to convert the Debentures has not terminated pursuant to Section 9.01, the right to convert such Debentures shall revive and continue as if such Debenture had not been called for redemption or tendered in acceptance of the Company’s offer, respectively.

Appears in 1 contract

Samples: First Supplemental Indenture (Dirtt Environmental Solutions LTD)

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Revival of Right to Convert. If the redemption of any Debenture called for redemption by the Company Issuer is not made or the payment of the purchase price of any Debenture which has been tendered pursuant to the Put Right in acceptance of an offer by the Company Issuer to purchase Debentures for cancellation is not made, in the case of a redemption upon due surrender of such Debenture or in the case of a purchase on the date on which such purchase is required to be made, as the case may be, then, provided that the right to convert the Debentures Time of Expiry has not terminated pursuant to Section 9.01passed, the right to convert such Debentures shall revive and continue as if such Debenture had not been called for redemption or tendered in acceptance of the CompanyIssuer’s offer, respectively.

Appears in 1 contract

Samples: Trust Indenture (Algonquin Power & Utilities Corp.)

Revival of Right to Convert. If the redemption of any Debenture called for redemption by the Company REIT is not made or the payment of the purchase price of any Debenture which has been tendered in acceptance of an offer by the Company REIT to purchase Debentures for cancellation is not made, in the case of a redemption upon due surrender of such Debenture or in the case of a purchase on the date on which such purchase is required to be made, as the case may be, then, provided that the right to convert the Debentures Time of Expiry has not terminated pursuant to Section 9.01passed, the right to convert such Debentures shall revive and continue as if such Debenture had not been called for redemption or tendered in acceptance of the CompanyREIT’s offer, respectively.

Appears in 1 contract

Samples: Trust Indenture

Revival of Right to Convert. If the redemption of any Debenture called for redemption by the Company Trust is not made or the payment of the purchase price of any Debenture which has been tendered pursuant to the Put Right in acceptance of an offer by the Company Trust to purchase Debentures for cancellation is not made, in the case of a redemption upon due surrender of such Debenture or in the case of a purchase on the date on which such purchase is required to be made, as the case may be, then, provided that the right to convert the Debentures Time of Expiry has not terminated pursuant to Section 9.01passed, the right to convert such Debentures shall revive and continue as if such Debenture had not been called for redemption or tendered in acceptance of the Company’s Trust's offer, respectively.

Appears in 1 contract

Samples: Algonquin Power Income Fund

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Revival of Right to Convert. If the redemption of any Debenture called for redemption by the Company Issuer is not made or the payment of the purchase price of any Debenture which has been tendered pursuant to the Change of Control Offer in acceptance of an offer by the Company Issuer to purchase Debentures for cancellation is not made, in the case of a redemption upon due surrender of such Debenture or in the case of a purchase on the date on which such purchase is required to be made, as the case may be, then, provided that the right to convert the Debentures Time of Expiry has not terminated pursuant to Section 9.01passed, the right to convert such Debentures shall revive and continue as if such Debenture had not been called for redemption or tendered in acceptance of the CompanyIssuer’s offer, respectively.

Appears in 1 contract

Samples: Trust Indenture (Algonquin Power & Utilities Corp.)

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