Common use of Conversion After Record Date Clause in Contracts

Conversion After Record Date. If any Securities are surrendered for conversion subsequent to the Regular Record Date preceding an Interest Payment Date but on or prior to such Interest Payment Date (except Securities called for redemption on a Redemption Date between such record date and Interest Payment Date), the Holder of such Securities at the close of business on such Regular Record Date shall be entitled to receive the interest payable on such Securities on such Interest Payment Date notwithstanding the conversion thereof. Securities surrendered for conversion during the period from the close of business on any Regular Record Date next preceding any Interest Payment Date to the opening of business on such Interest Payment Date shall (except in the case of Securities which have been called for redemption on a Redemption Date within such period) be accompanied by payment in New York Clearing House funds or other funds and in the currency acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the Securities being surrendered for conversion. Except as provided in this Section 1509 and Section 1502(c), no adjustments in respect of payments of interest on Securities surrendered for conversion or any dividends or distributions or interest on the Georgia-Pacific Group Stock or Timber Stock, as applicable, issued upon conversion shall be made upon the conversion of any Securities.