Common use of Right of Debentureholder to Convert Not Impaired Clause in Contracts

Right of Debentureholder to Convert Not Impaired. The subordination of the Debentures to the Secured Indebtedness and the provisions of this Article 5 do not impair in any way the right of a Debentureholder to convert its Debentures pursuant to Article 6 provided that there is no continuing default or event under Secured Indebtedness or acceleration of Secured Indebtedness that has not been rescinded and provided that such conversion does not result in a payment that could reasonably be expected to cause a default or event of default under any Secured Indebtedness.

Right of Debentureholder to Convert Not Impaired. The subordination of the Debentures to the Secured Indebtedness and the provisions of this Article 5 do not impair in any way the right of a Debentureholder to convert its Debentures pursuant to Article 6 provided that there is no continuing default or event under Secured Indebtedness the ability of the Corporation to issue Common Shares with respect to such Debentures upon such conversion, on any Interest Payment Date or acceleration of Secured Indebtedness that has not been rescinded and provided that such conversion does not result in a payment that could reasonably be expected to cause a default or event of default under any Secured Indebtednessotherwise.

Right of Debentureholder to Convert Not Impaired. The subordination of the Debentures to the Secured Indebtedness and the provisions of this Article 5 6 do not impair in any way the right of a Debentureholder to convert its Debentures pursuant to Article 6 provided that there is no continuing default 7 or event under Secured Indebtedness the ability of the Corporation to issue Common Shares with respect to such Debentures upon such conversion, on any Interest Payment Date or acceleration of Secured Indebtedness that has not been rescinded and provided that such conversion does not result in a payment that could reasonably be expected to cause a default or event of default under any Secured Indebtednessotherwise.

Right of Debentureholder to Convert Not Impaired. The subordination of the Debentures to the Secured Indebtedness and the provisions of this Article 5 do not impair in any way the right of a Debentureholder to convert its Debentures pursuant to Article 6 provided that there is no continuing default or event of default under Secured Indebtedness or acceleration of Secured Indebtedness that has not been rescinded and provided that such conversion does not result in a payment that could reasonably be expected to cause a default or event of default under any Secured Indebtedness, all of which is subject to Section 5.8.