Common use of Temporary Convertible Debentures Clause in Contracts

Temporary Convertible Debentures. Pending the preparation of definitive Convertible Debentures, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Convertible Debentures which are typewritten, printed, lithographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Convertible Debentures in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Convertible Debentures may determine, as evidenced by their execution of such Convertible Debentures. If temporary Convertible Debentures are issued, the Company will cause definitive Convertible Debentures to be prepared without unreasonable delay. After the preparation of definitive Convertible Debentures, the temporary Convertible Debentures shall be exchangeable for definitive Convertible Debentures upon surrender of the temporary Convertible Debentures at any office or agency of the Company designated pursuant to Section 1002, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Convertible Debentures the Company shall execute and the Trustee shall authenticate and make available for delivery in exchange therefor a like principal amount of definitive Convertible Debentures of authorized denominations. Until so exchanged the temporary Convertible Debentures shall in all respects be entitled to the same benefits under this Indenture as definitive Convertible Debentures.

Appears in 3 contracts

Samples: Indenture (Sun Healthcare Group Inc), Sun Healthcare Group Inc, Central Parking Corp

AutoNDA by SimpleDocs

Temporary Convertible Debentures. Pending the preparation of definitive Convertible Debentures, the Company may execute, execute and upon Company Order the Trustee shall authenticate and deliver, make available for delivery temporary Convertible Debentures which are typewritten, (printed, lithographed lithographed, typewritten or otherwise producedreproduced, in each case in form reasonably acceptable to the Trustee). Temporary Convertible Debentures shall be issuable in any authorized denomination, and substantially of in the tenor form of the definitive Convertible Debentures in lieu of which they are issued and but with such appropriate insertions, omissions, substitutions insertions and other variations as may be appropriate for temporary Convertible Debentures, all as may be determined by the officers executing such Company with the reasonable concurrence of the Trustee. Temporary Convertible Debentures may determinecontain such reference to any provisions of this Indenture as may be appropriate. Every temporary Convertible Debenture shall be executed by the Company and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like effect, as evidenced by their execution of such the definitive Convertible Debentures. If Without unreasonable delay the Company shall execute and shall furnish definitive Convertible Debentures and thereupon temporary Convertible Debentures are issued, the Company will cause definitive Convertible Debentures to may be prepared without unreasonable delay. After the preparation of definitive Convertible Debentures, the temporary Convertible Debentures shall be exchangeable for definitive Convertible Debentures upon surrender of the temporary Convertible Debentures at any office or agency of the Company designated pursuant to Section 1002, surrendered in exchange therefor without charge to the Holder. Upon surrender for cancellation of any one Holder at each office or more temporary Convertible Debentures agency to be maintained by the Company shall execute for that purpose pursuant to Section 3.2, and the Trustee shall authenticate and make available for delivery in exchange therefor a like for such temporary Convertible Debentures an equal aggregate principal amount of definitive Convertible Debentures of authorized denominations. Until so exchanged exchanged, the temporary Convertible Debentures shall in all respects be entitled to the same benefits under this Indenture as definitive Convertible Debentures.

Appears in 3 contracts

Samples: Indenture (Wellsford Real Properties Inc), Execution Copy (Viatel Inc), McKesson Corp

AutoNDA by SimpleDocs

Temporary Convertible Debentures. Pending the preparation of definitive Convertible Debentures, the Company may execute, execute and upon Company Order the Trustee shall authenticate and deliver, make available for delivery temporary Convertible Debentures which are typewritten, (printed, lithographed lithographed, typewritten or otherwise producedreproduced, in each case in form reasonably acceptable to the Trustee). Temporary Convertible Debentures shall be issuable in any authorized denomination, and substantially of in the tenor form of the definitive Convertible Debentures in lieu of which they are issued and but with such appropriate insertions, omissions, substitutions insertions and other variations as may be appropriate for temporary Convertible Debentures, all as may be determined by the officers executing such Company with the reasonable concurrence of the Trustee. Temporary Convertible Debentures may determinecontain such reference to any provisions of this Indenture as may be appropriate. Every temporary Convertible Debenture shall be executed by the Company and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like effect, as evidenced by their execution of such the definitive Convertible Debentures. If Without unreasonable delay the Company shall execute and shall furnish definitive Convertible Debentures and thereupon temporary Convertible Debentures are issued, the Company will cause definitive Convertible Debentures to may be prepared without unreasonable delay. After the preparation of definitive Convertible Debentures, the temporary Convertible Debentures shall be exchangeable for definitive Convertible Debentures upon surrender of the temporary Convertible Debentures at any office or agency of the Company designated pursuant to Section 1002, surrendered in exchange therefor without charge to the Holder. Upon surrender for cancellation of any one Holder at each office or more temporary Convertible Debentures agency to be maintained by the Company shall execute for that purpose pursuant to Section 3.2, and the Trustee shall authenticate and make available for delivery in exchange therefor a like for such temporary Convertible Debentures an equal aggregate principal amount of definitive Convertible Debentures of authorized denominations. Until so exchanged 727411.13 16 exchanged, the temporary Convertible Debentures shall in all respects be entitled to the same benefits under this Indenture as definitive Convertible Debentures.

Appears in 1 contract

Samples: Indenture (Capital Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.