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

Unconditional Right of Holders to Convert. Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to convert its Security in accordance with this Article 10 and to bring an action for the enforcement of any such right to convert, and such rights shall not be impaired or affected without the consent of such Holder.

Appears in 11 contracts

Samples: Indenture (School Specialty Inc), Indenture (Labone Inc/), Indenture (Amerus Group Co/Ia)

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Unconditional Right of Holders to Convert. Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to convert its Security in accordance with this Article 10 4 and to bring an action for the enforcement of any such right to convert, and such rights shall not be impaired or affected without the consent of such Holder.

Appears in 3 contracts

Samples: Indenture (Meritor Inc), Indenture (Arvinmeritor Inc), Indenture (Arvinmeritor Inc)

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Unconditional Right of Holders to Convert. Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to convert its Security in accordance with this Article 10 XII and to bring an action for the enforcement of any such right to convert, and such rights shall not be impaired or affected without the consent of such Holder.

Appears in 2 contracts

Samples: Indenture (Scottish Annuity & Life Holdings LTD), Indenture (Pharmaceutical Resources Inc)

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