Conversion of Debentures Sample Clauses

Conversion of Debentures. Section 16.01.

Conversion of Debentures. 21 Section 4.1

Conversion of Debentures. SECTION 12.01.

Conversion of Debentures. 66 Section 13.1

Conversion of Debentures. SECTION 5.01. Subject to and upon compliance with the provisions of this Article Five, the Series 6.75% Debentures are convertible at the option of the Holder, at any time through the close of business on October 15, 2029 (or, in the case of Series 6.75% Debentures called for redemption, prior to the close of business on the Business Day prior to the corresponding redemption date), into fully paid and nonassessable shares of Common Stock of the Company at an initial conversion rate of 0.7108 share of Common Stock for each $50 in aggregate principal amount of Series 6.75% Debentures (equal to a conversion price (as adjusted from time to time, the “Conversion Price”) of $70.341 per share of Common Stock), subject to adjustment as described in this Article Five. A Holder of Series 6.75% Debentures may convert any portion of the principal amount of the Series 6.75% Debentures into that number of fully paid and nonassessable shares of Common Stock obtained by dividing the principal amount of the Series 6.75% Debentures to be converted by such conversion price. All calculations under this Article Five shall be made to the nearest cent or to the nearest 1/10,000th of a share, as the case may be. SECTION 5.02. (a) In order to convert all or a portion of the Series 6.75% Debentures, the Holder thereof shall deliver to the Conversion Agent an irrevocable Notice of Conversion setting forth the principal amount of Series 6.75% Debentures to be converted, together with the name or names, if other than the Holder, in which the shares of Common Stock should be issued upon conversion, and, if such Series 6.75% Debentures are definitive Series 6.75% Debentures, surrender to the Conversion Agent the Series 6.75% Debentures to be converted, duly endorsed or assigned to the Company or in blank. In addition, a holder of Trust Securities may exercise its right under the Declaration of Trust to convert such Trust Securities into Common Stock by delivering to the Conversion Agent an irrevocable Notice of Conversion setting forth the information called for by the preceding sentence and directing the Conversion Agent to (i) exchange such Trust Security for a portion of the Series 6.75% Debentures held by the Trust (at an exchange rate of $50 principal amount of Series 6.75% Debentures for each Trust Security) and (ii) immediately convert such Series 6.75% Debentures, on behalf of such holder, into Common Stock of the Company pursuant to this Article Five and, if such Trust Securiti...

Conversion of Debentures. (a) As provided in paragraph 4 of the Debentures, Purchaser may give Notice of Conversion of the Debentures to BSC by facsimile to the number set forth in Section 10 below. Conversion of Debentures may take place at any time until the Maturity Date of the Debentures, as defined in the Debentures, except that Purchaser must convert the entire principal amount of the Debenture funded by the Purchaser pursuant to this Escrow Agreement and the Agreement on or before January 19, 2000. As provided in paragraph 4 of the Debentures, within 5 business days of receipt of the Notice of Conversion, BSC shall deliver to the Purchaser, or to an account designated by Purchaser in the Notice of Conversion, certificates representing the shares of common stock to which the Purchaser shall be entitled by reason of the conversion ("Certificate"). Notwithstanding anything to the contrary contained in paragraph 4 of the Debenture, BSC may demand, in writing, that the Purchaser pay outstanding principal amounts of the Debenture ("Demand") even though Purchaser has not converted all or any amount of the Debenture into shares of common stock. The Demand is a provision for payment of the Debenture only. Conversions of the Debenture into shares of common stock shall be done in accordance with paragraph 4 of the Debenture, and may be in an amount which is no less than $10,000 but not necessarily as much as the Demand. However, the first Demand in the amount of $50,000 may be wade within 7 days from the date of this Escrow Agreement. Additional Xxxxnds may only be made beginning on February 1, 2000 in increments of $75,000. After February 1, 2000 each Demand may be made no less than 30 business days from last Demand, and provided that the closing bid price of BSC's common stock for the previous 5 consecutive trading days has not fallen below $.50 per share. Notwithstanding the foregoing, at BSC's request in writing, Purchaser may, at its sole option, make discretionary fundings of the Debenture at any time. (b) If BSC fails to timely deliver Certificates, as provided in Section 5(a) above, then BSC shall pay Purchaser $150 per day for each day late in delivering Certificates up to and including the 10th late day, and $500 per day for each day late in delivering the Certificates after the 10th late day ("Liquidated Damages"). Any Liquidated Damages incurred by BSC shall be payable immediately and in cash upon demand in writing by Purchaser, or its agent, to BSC. However, such Liquidate...

Conversion of Debentures. Each $1,000 principal amount of this Debenture is convertible, at the option of the holder hereof at any time prior to 5:00 p.m. New York time on the Business Day prior to the Maturity Date or the date fixed for redemption (the "EXPIRY DATE") and from time to time, for that number of common shares in the capital of the Corporation ("COMMON SHARES") determined by dividing $1,000 by $3.25 (the "CONVERSION PRICE"), subject to adjustment as described below.

Conversion of Debentures. 65 Section 13.1 Conversion Rights............................................................65 Section 13.2 Conversion Procedures........................................................65 Section 13.3 Expiration of Conversion Rights..............................................68 Section 13.4

Conversion of Debentures. 6.1 Applicability of Article Any Debentures issued hereunder of any series which by their terms are convertible (subject, however, to any applicable restriction of the conversion of Debentures of such series) will be convertible into Common Shares or other securities, at such conversion rate or rates, and on such date or dates and in accordance with such other provisions as shall have been determined at the time of issue of such Debentures and shall have been expressed in this Indenture, in such Debentures, in an Officer's Certificate, or in a supplemental indenture authorizing or providing for the issue thereof. Such right of conversion shall extend only to the maximum number of whole Common Shares into which the aggregate principal amount of the Debenture or Debentures surrendered for conversion at any one time by the holder thereof may be converted. Fractional interests in Common Shares shall be adjusted for in the manner provided in Section 6.6.

Conversion of Debentures. Upon execution of this Agreement, Holder agrees to immediately convert $1,750,000 of Debentures into 1,250,000 shares of the Company’s common stock by executing the Notice of Conversion, in substantially the same form as attached as Exhibit A hereto