Common use of Unconditional Rights of Holders to Receive Payment and to Convert Clause in Contracts

Unconditional Rights of Holders to Receive Payment and to Convert. Notwithstanding any other provision in this Indenture, the Holder of any Debenture shall have the right, which is absolute and unconditional, to receive payment of the principal amount, Redemption Price or Repurchase Price, and Interest (including Contingent Interest) in respect of the Debentures held by such Holder, on or after the respective due dates expressed in the Debenture or any Redemption Date or Repurchase Date, and to convert the Debenture in accordance with Article 12, or to bring suit for the enforcement of any such payment on or after such respective dates or the right to convert, and such rights shall not be impaired or affected adversely without the consent of such Holder.

Appears in 3 contracts

Samples: Indenture (Apogent Technologies Inc), Indenture (Apogent Technologies Inc), Apogent Technologies Inc

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Unconditional Rights of Holders to Receive Payment and to Convert. Notwithstanding any other provision in this Indenture, the Holder of any Debenture Security shall have the right, which is absolute and unconditional, to receive payment of the principal amountof and premium, Redemption Price or Repurchase Priceif any, and Interest interest (including Contingent InterestLiquidated Damages, if any) on such Security on the Stated Maturity expressed in respect such Security (or, in the case of redemption, on the redemption date, or in the case of the Debentures held by such Holderexercise of a Repurchase Right, on or after the respective due dates expressed in the Debenture or any Redemption Date or Repurchase Date, ) and to convert the Debenture such Security in accordance with Article 12, or and to bring suit for the enforcement of any such payment on or after such respective dates or the and right to convert, and such rights shall not be impaired or affected adversely without the consent of such Holder.

Appears in 2 contracts

Samples: Indenture (Vertex Pharmaceuticals Inc / Ma), Indenture (Vertex Pharmaceuticals Inc / Ma)

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Unconditional Rights of Holders to Receive Payment and to Convert. Notwithstanding any other provision in this Indenture, the Holder of any Debenture CODES shall have the right, which is absolute and unconditional, to receive payment of the principal amount, Redemption Price or Repurchase Price, and Interest (including Contingent Interest) in respect of the Debentures CODES held by such Holder, on or after the respective due dates expressed in the Debenture CODES or any Redemption Date or Repurchase Date, and to convert the Debenture CODES in accordance with Article 12, or to bring suit for the enforcement of any such payment on or after such respective dates or the right to convert, and such rights shall not be impaired or affected adversely without the consent of such Holder.

Appears in 1 contract

Samples: Indenture (Apogent Technologies Inc)

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