Termination of Obligation to Issue Common Stock Series A. The Guarantor's obligations under this Article X to issue Common Stock Series A shall terminate upon the termination of the right of holders of Convertible Preferred Securities to request the Conversion Agent to effect such conversion as set forth in the Declaration and, with respect to a particular holder, upon such conversion.
Appears in 2 contracts
Samples: Convertible Preferred Securities Guarantee Agreement (Citizens Utilities Capital L P), Convertible Preferred Securities Guarantee Agreement (Citizens Utilities Capital L P)
Termination of Obligation to Issue Common Stock Series A. The Guarantor's ' obligations under this Article X IX to issue Common Stock Series A shall terminate upon the termination of the right of holders of Convertible Partnership Preferred Securities to request the Conversion Agent to effect such conversion as set forth in the Declaration Limited Partnership Agreement and, with respect to a particular holder, upon such conversion.
Appears in 2 contracts
Samples: Partnership Preferred Securities Guarantee Agreement (Citizens Utilities Capital L P), Partnership Preferred Securities Guarantee Agreement (Citizens Utilities Capital L P)
