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

Unconditional Right of Holders to Convert. In addition to the unconditional rights set forth in Section 6.08 of the Base Indenture, and notwithstanding any other provision in the Indenture, the Holder of any Security shall have the right, which is absolute and unconditional and may not be impaired or affected without the consent of the Holder, to convert their Securities in accordance with the terms of the Indenture and to bring suit for the enforcement of their right to convert.

Appears in 3 contracts

Samples: Supplemental Indenture (DHT Holdings, Inc.), First Supplemental Indenture (DHT Holdings, Inc.), First Supplemental Indenture (DHT Holdings, Inc.)

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Unconditional Right of Holders to Convert. In addition to the unconditional rights set forth in Section 6.08 of the Base Indenture, and notwithstanding any other provision in the Indenture, the Holder of any Security shall have the right, which is absolute and unconditional and may not be impaired or affected without the consent of the Holder, to convert covert their Securities in accordance with the terms of the Indenture and to bring suit for the enforcement of their right to convert.

Appears in 1 contract

Samples: First Supplemental Indenture (DryShips Inc.)

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