Common use of Right of Holders to Convert Securities Clause in Contracts

Right of Holders to Convert Securities. Subject to and upon compliance with the terms of the Securities and this Article Seventeen, at the option of the Holder thereof, any Security of any series of any authorized denomination, or any portion of the principal amount thereof which is $1,000 or any integral multiple of $1,000, may, at any time during the period specified in the Securities of such series, be converted into duly authorized, validly issued, fully paid and nonassessable shares of the class, or combination of classes, of Underlying Stock, as specified in such Security, at the conversion rate for each $1,000 principal amount of Securities in effect on the conversion date, or if such Security or portion thereof shall have been called for redemption, then in respect of such Security or portion thereof until and including, but not after (unless the Issuer shall default in payment due upon the redemption thereof) the close of business on the date fixed for redemption except that in the case of redemption at the option of the Holder, if specified in the terms of such Securities, such option to convert shall terminate upon receipt of written notice of the exercise of such option to redeem, or if an adjustment in the Conversion Price has taken place pursuant to the provisions of Section 17.5, then at the applicable conversion rate as so adjusted, upon surrender of the Security or Securities, the principal amount of which is so to be converted, to the Issuer at any time during usual business hours at the office or agency to be maintained by it in accordance with the provisions of Section 4.2 accompanied by a written notice of election to convert as provided in Section 17.3 and, if so required by the Issuer and the Trustee, by a written instrument or instruments of transfer in form satisfactory to the Issuer and the Trustee duly executed by the Holder or his attorney duly authorized in writing. All Securities surrendered for conversion shall, if surrendered to the Issuer or any conversion agent, be delivered to the Trustee for cancellation and canceled by it, or shall, if surrendered to the Trustee, be canceled by it, as provided in Section 3.9. The initial conversion price (the "Conversion Price") in respect of a series of Securities shall be as specified in the Securities of such series. The Conversion Price will be subject to adjustment on the terms set forth in Section 17.5 or such other or different terms, if any, as may be specified pursuant to Section 3.1 for Securities of such series. Provisions of this Indenture that apply to conversion of all of a Security also apply to conversion of a portion of it.

Right of Holders to Convert Securities. Subject to and upon compliance with the terms of the Securities and the provisions of Section 12.09 and this Article SeventeenSixteen, at the option of the Holder thereof, any Security of any series of any authorized denomination, or any portion of the principal amount thereof which is $1,000 or any integral multiple of $1,000, may, at any time during the period specified in the Securities of such series, be converted into duly authorized, validly issued, fully paid and nonassessable shares of the class, or combination of classes, of Underlying Stock, as specified in such Security, at the conversion rate for each $1,000 principal amount of Securities in effect on the conversion date, or if case such Security or portion thereof shall have been called for redemption, then in respect of such Security or portion thereof until and including, but not after (unless the Issuer Company shall default in payment due upon the redemption thereof) the close of business on the date fixed for redemption Redemption Date except that in the case of redemption at the option of the Holder, if specified in the terms of such Securities, such option to convert right shall terminate upon receipt of written notice of the exercise of such option to redeemoption, or if be converted into duly authorized, validly issued, fully paid and nonassessable shares of the Capital Stock into which such Security is convertible as specified in such Security, at the conversion rate for each $1,000 principal amount of Securities in effect on the conversion date (such conversion rate reflecting the initial conversion rate specified in such Security or, in case an adjustment in the Conversion Price conversion rate has taken place pursuant to the provisions of Section 17.516.05, then at the applicable conversion rate as so adjusted, ) upon surrender of the Security or Securities, the principal amount of which is so to be converted, to the Issuer Company at any time during usual business hours at the office or agency to be maintained by it in accordance with the provisions of Section 4.2 11.02, accompanied by a written notice of election to convert as provided in Section 17.3 16.03 and, if so required by the Issuer Company and the Trustee, by a written instrument or instruments of transfer in form satisfactory to the Issuer Company and the Trustee duly executed by the registered Holder or his attorney duly authorized in writing. All Securities surrendered for conversion shall, if surrendered to the Issuer Company or any conversion agent, be delivered to the Trustee for cancellation and canceled by it, or shall, if surrendered to the Trustee, be canceled by it, as provided in Section 3.93.09. The initial conversion price (the "Conversion Price") rate in respect of a series of Securities shall be as specified in the Securities of such series. The Conversion Price conversion rate will be subject to adjustment on the terms set forth in Section 17.5 16.05 or such other or different terms, if any, as may be specified pursuant to by Section 3.1 3.01 for Securities of such series. Provisions of this Indenture that apply to conversion of all of a Security also apply to conversion of a portion of it.

Right of Holders to Convert Securities. Subject to and upon compliance with the terms of the Securities and this Article Seventeen, at the option of the Holder thereof, any Security of any series of any authorized denomination, or any portion of the principal amount thereof which is $1,000 or any integral multiple of $1,000, may, at any time during the period specified in the Securities of such series, be converted into duly authorized, validly issued, fully paid and nonassessable shares of the class, or combination of classes, of Underlying Stock, as specified in such Security, at the conversion rate for each $1,000 principal amount of Securities in effect on the conversion date, or if such Security or portion thereof shall have been called for redemption, then in respect of such Security or portion thereof until and including, but not after (unless the Issuer shall default in payment due upon the redemption thereof) the close of business on the date fixed for redemption except that in the case of redemption at the option of the Holder, if specified in the terms of such Securities, such option to convert shall terminate upon receipt of written notice of the exercise of such option to redeem, or if an adjustment in the Conversion Price has taken place pursuant to the provisions of Section 17.516.5, then at the applicable conversion rate as so adjusted, upon surrender of the Security or Securities, the principal amount of which is so to be converted, to the Issuer at any time during usual business hours at the office or agency to be maintained by it in accordance with the provisions of Section 4.2 accompanied by a written notice of election to convert as provided in Section 17.3 16.3 and, if so required by the Issuer and the Trustee, by a written instrument or instruments of transfer in form satisfactory to the Issuer and the Trustee duly executed by the Holder or his attorney duly authorized in writing. All Securities surrendered for conversion shall, if surrendered to the Issuer or any conversion agent, be delivered to the Trustee for cancellation and canceled by it, or shall, if surrendered to the Trustee, be canceled by it, as provided in Section 3.9. The initial conversion price (the "Conversion Price") in respect of a series of Securities shall be as specified in the Securities of such series. The Conversion Price will be subject to adjustment on the terms set forth in Section 17.5 16.5 or such other or different terms, if any, as may be specified pursuant to Section 3.1 for Securities of such series. Provisions of this Indenture that apply to conversion of all of a Security also apply to conversion of a portion of it.

Right of Holders to Convert Securities. Subject to and upon compliance with the terms of the Securities and the provisions of Section 12.09 and this Article SeventeenSixteen, at the option of the Holder thereof, any Security of any series of any authorized denomination, or any portion of the principal amount thereof which is $1,000 or any integral multiple of $1,000, may, at any time during the period specified in the Securities of such series, be converted into duly authorized, validly issued, fully paid and nonassessable shares of the class, or combination of classes, of Underlying Stock, as specified in such Security, at the conversion rate for each $1,000 principal amount of Securities in effect on the conversion date, or if case such Security or portion thereof shall have been called for redemption, then in respect of such Security or portion thereof until and including, but not after (unless the Issuer Company shall default in payment due upon the redemption thereof) the close of business on the date fixed for redemption Redemption Date except that in the case of redemption at the option of the Holder, if specified in the terms of such Securities, such option to convert right shall terminate upon receipt of written notice of the exercise of such option to redeemoption, or if be converted into duly authorized, validly issued, fully paid and nonassessable shares of the Capital Stock into which such Security is convertible as specified in such Security, at the conversion rate for each $1,000 principal amount of Securities in effect on the conversion date (such conversion rate reflecting the initial conversion rate specified in such Security or, in case an adjustment adjustment) in the Conversion Price conversion rate has taken place pursuant to the provisions of Section 17.516.05, then at the applicable conversion rate as so adjusted), upon surrender of the Security or Securities, the principal amount of which is so to be converted, to the Issuer Company at any time during usual business hours at the office or agency to be maintained by it in accordance with the provisions of Section 4.2 11.02, accompanied by a written notice of election to convert as provided in Section 17.3 16.03 and, if so required by the Issuer Company and the Trustee, by a written instrument or instruments of transfer in form satisfactory to the Issuer Company and the Trustee duly executed by the registered Holder or his attorney duly authorized in writing. All Securities surrendered for conversion shall, if surrendered to the Issuer Company or any conversion agent, be delivered to the Trustee for cancellation and canceled cancelled by it, or shall, if surrendered to the Trustee, be canceled cancelled by it, as provided in Section 3.93.09. The initial conversion price (the "Conversion Price") rate in respect of a series of Securities shall be as specified in the Securities of such series. The Conversion Price conversion rate will be subject to adjustment on the terms set forth in Section 17.5 16.05 or such other or different terms, if any, as may be specified pursuant to by Section 3.1 3.01 for Securities of such series. Provisions of this Indenture that apply to conversion of all of a Security also apply to conversion of a portion of it.

Right of Holders to Convert Securities. Subject to and upon compliance with the terms of the Securities and the provisions of Section 12.09 and this Article SeventeenSixteen, at the option of the Holder thereof, any Security of any series of any authorized denomination, or any portion of the principal amount thereof which is $1,000 or any integral multiple of $1,000, may, at any time during the period specified in the Securities of such series, be converted into duly authorized, validly issued, fully paid and nonassessable shares of the class, or combination of classes, of Underlying Stock, as specified in such Security, at the conversion rate for each $1,000 principal amount of Securities in effect on the conversion date, or if case such Security or portion thereof shall have been called for redemption, then in respect of such Security or portion thereof until and including, but not after (unless the Issuer Company shall default in payment due upon the redemption thereof) the close of business on the date fixed for redemption Redemption Date except that in the case of redemption at the option of the Holder, if specified in the terms of such Securities, such option to convert right shall terminate upon receipt of written notice of the exercise of such option to redeemoption, or if be converted into duly authorized, validly issued, fully paid and nonassessable shares of the Capital Stock into which such Security is convertible as specified in such Security, at the conversion rate for each $1,000 principal amount of Securities in effect on the conversion date (such conversion rate reflecting the initial conversion rate specified in such Security or, in case an adjustment in the Conversion Price conversion rate has taken place pursuant to the provisions of Section 17.516.05, then at the applicable conversion rate as so adjusted), upon surrender of the Security or Securities, the principal amount of which is so to be converted, to the Issuer Company at any time during usual business hours at the office or agency to be maintained by it in accordance with the provisions of Section 4.2 11.02, accompanied by a written notice of election to convert as provided in Section 17.3 16.03 and, if so required by the Issuer Company and the Trustee, by a written instrument or instruments of transfer in form satisfactory to the Issuer Company and the Trustee duly executed by the registered Holder or his attorney duly authorized in writing. All Securities surrendered for conversion shall, if surrendered to the Issuer Company or any conversion agent, be delivered to the Trustee for cancellation and canceled cancelled by it, or shall, if surrendered to the Trustee, be canceled cancelled by it, as provided in Section 3.93.09. The initial conversion price (the "Conversion Price") rate in respect of a series of Securities shall be as specified in the Securities of such series. The Conversion Price conversion rate will be subject to adjustment on the terms set forth in Section 17.5 16.05 or such other or different terms, if any, as may be specified pursuant to by Section 3.1 3.01 for Securities of such series. Provisions of this Indenture that apply to conversion of all of a Security also apply to conversion of a portion of it.

Right of Holders to Convert Securities. Subject to and upon compliance with the terms of the Securities and the provisions of Section 12.09 and this Article SeventeenSixteen, at the option of the Holder thereof, any Security of any series of any authorized denomination, or any portion of the principal amount thereof which is $1,000 or any integral multiple of $1,000, may, at any time during the period specified in the Securities of such series, be converted into duly authorized, validly issued, fully paid and nonassessable shares of the class, or combination of classes, of Underlying Stock, as specified in such Security, at the conversion rate for each $1,000 principal amount of Securities in effect on the conversion date, or if case such Security or portion thereof shall have been called for redemption, then in respect of such Security or portion thereof until and including, but not after (unless the Issuer Company shall default in payment due upon the redemption thereof) the close of business on the date fixed for redemption Redemption Date except that in the case of redemption at the option of the Holder, if specified in the terms of such Securities, such option to convert right shall terminate upon receipt of written notice of the exercise of such option to redeemoption, or if be converted into duly authorized, validly issued, fully paid and nonassessable shares of the Capital Stock into which such Security is convertible as specified in such Security, at the conversion rate for each $1,000 principal amount of Securities in effect on the conversion date (such conversion rate reflecting the initial conversion rate specified in such Security or, in case an adjustment in the Conversion Price conversion rate has taken place pursuant to the provisions of Section 17.516.05, then at the applicable conversion rate as so adjusted, ) upon surrender of the Security or Securities, the principal amount of which is so to be converted, to the Issuer Company at any time during usual business hours at the office or agency to be maintained by it in accordance with the provisions of Section 4.2 11.02, accompanied by a written notice of election to convert as provided in Section 17.3 16.03 and, if so required by the Issuer Company and the Trustee, by a written instrument or instruments of transfer in form satisfactory to the Issuer Company and the Trustee duly executed by the registered Holder or his attorney duly authorized in writing. All Securities surrendered for conversion shall, if surrendered to the Issuer Company or any conversion agent, be delivered to the Trustee for cancellation and canceled cancelled by it, or shall, if surrendered to the Trustee, be canceled cancelled by it, as provided in Section 3.93.09. The initial conversion price (the "Conversion Price") rate in respect of a series of Securities shall be as specified in the Securities of such series. The Conversion Price conversion rate will be subject to adjustment on the terms set forth in Section 17.5 16.05 or such other or different terms, if any, as may be specified pursuant to by Section 3.1 3.01 for Securities of such series. Provisions of this Indenture that apply to conversion of all of a Security also apply to conversion of a portion of it.

Right of Holders to Convert Securities. Subject to and upon compliance with the terms of the Securities and this Article SeventeenFourteen, at the option of the Holder thereof, any Security of any series of any authorized denomination, or any portion of the principal amount thereof which is $1,000 or any integral multiple of $1,000, may, at any time during the period specified in the Securities of such series, be converted into duly authorized, validly issued, fully paid and nonassessable shares of the class, or combination of classes, of Underlying Capital Stock, as specified in such Security, at the conversion rate for each $1,000 principal amount of Securities (such initial conversion rate reflecting an initial conversion price specified in such Security) in effect on the conversion date, or if such Security or portion thereof shall have been called for redemption, then in respect of such Security or portion thereof until and including, but not after (unless the Issuer Company shall default in payment due upon the redemption thereof) the close of business on the date fixed for redemption except that in the case of redemption at the option of the Holder, if specified in the terms of such Securitiessecurities, such option to convert shall terminate upon receipt of written notice of the exercise of such option to redeem, or if an adjustment in the Conversion Price conversion rate has taken place pursuant to the provisions of Section 17.51405, then at the applicable conversion rate as so adjusted, upon surrender of the Security or Securities, the principal amount of which is so to be converted, to the Issuer Company at any time during usual business hours at the office or agency to be maintained by it in accordance with the provisions of Section 4.2 1002 accompanied by a written notice of election to convert as provided in Section 17.3 1403 and, if so required by the Issuer Company and the Trustee, by a written instrument or instruments of transfer in form satisfactory to the Issuer Company and the Trustee duly executed by the Holder or his attorney duly authorized in writing. All Securities surrendered for conversion shall, if surrendered to the Issuer Company or any conversion agent, be delivered to the Trustee for cancellation and canceled by it, or shall, if surrendered to the Trustee, be canceled by it, as provided in Section 3.9309. The initial conversion price (the "Conversion Price") or conversion rate in respect of a series of Securities shall be as specified in the Securities of such series. The Conversion Price conversion price or conversion rate will be subject to adjustment on the terms set forth in Section 17.5 1405 or such other or different terms, if any, as may be specified pursuant to by Section 3.1 301 for Securities of such series. Provisions of this Indenture that apply to conversion of all of a Security also apply to conversion of a portion of it.

Right of Holders to Convert Securities. Subject to and upon compliance with the terms of the Securities and the provisions of Section 12.09 and this Article SeventeenSixteen, at the option of the Holder thereof, any Security of any series of any authorized denomination, or any portion of the principal amount thereof which is $1,000 or any integral multiple of $1,000, may, at any time during the period specified in the Securities of such series, be converted into duly authorized, validly issued, fully paid and nonassessable shares of the class, or combination of classes, of Underlying Stock, as specified in such Security, at the conversion rate for each $1,000 principal amount of Securities in effect on the conversion date, or if case such Security or portion thereof shall have been called for redemption, then in respect of such Security or portion thereof until and including, but not after (unless the Issuer Company shall default in payment due upon the redemption thereof) the close of business on the date fixed for redemption Redemption Date except that in the case of redemption at the option of the Holder, if specified in the terms of such Securities, such option to convert right shall terminate upon receipt of written notice of the exercise of such option to redeemoption, or if be converted into duly authorized, validly issued, fully paid and nonassessable shares of the Capital Stock into which such Security is convertible as specified in such Security, at the conversion rate for each $1,000 principal amount of Securities in effect on the conversion date (such conversion rate reflecting the initial conversion rate specified in such Security or, in case an adjustment in the Conversion Price conversion rate has taken place pursuant to the provisions of Section 17.516.05, then at the applicable conversion rate as so adjusted, ) upon surrender of the Security or Securities, the principal amount of which is so to be converted, to the Issuer Company at any time during usual business hours at the office or agency to be maintained by it in accordance with the provisions of Section 4.2 11.02, accompanied by a written notice of election to convert as provided in Section 17.3 16.03 and, if so required by the Issuer Company and the Trustee, by a written instrument or instruments of transfer in form satisfactory to the Issuer Company and the Trustee duly executed by the registered Holder or his attorney duly authorized in writing. All Securities surrendered for conversion shall, if surrendered to the Issuer Company or any conversion agent, be delivered to the Trustee for cancellation and canceled by it, or shall, if surrendered to the Trustee, be canceled by it, as provided in Section 3.93.09. The initial conversion price (the "Conversion Price") rate in respect of a series of Securities shall be as specified in the Securities of such series. The Conversion Price conversion rate will be subject to adjustment on the terms set forth in Section 17.5 16.05 or such other or different terms, if any, as may be specified pursuant to by Section 3.1 3.01 for Securities of such series. Provisions of this Indenture that apply to conversion of all of a Security also apply to conversion of a portion of it.