Common use of CONVERSION ARRANGEMENT ON REPURCHASE Clause in Contracts

CONVERSION ARRANGEMENT ON REPURCHASE. Any 2021 Debentures required to be repurchased under this Article FIFTEEN, unless surrendered for conversion before the close of business on the ▇▇▇▇▇▇▇▇▇▇ ▇▇▇e, may be deemed to be purchased from the Holders of such 2021 Debentures for an amount in cash equal to not less than the Repurchase Price, by one or more investment bankers or other purchasers who may agree with the Company to purchase such Securities from the Holders, to convert them into Common Stock of the Company and to make payment for such 2021 Debentures to the Trustee in trust for such Holders. ARTICLE SIXTEEN

Appears in 1 contract

Sources: Fifth Supplemental Indenture (El Paso Corp/De)

CONVERSION ARRANGEMENT ON REPURCHASE. Any 2021 Debentures required to be repurchased under this Article FIFTEENArticle, unless surrendered for conversion before the close of business on the ▇▇▇▇▇▇▇▇▇▇ ▇▇▇eRepurchase Date, may be deemed to be purchased from the Holders of such 2021 Debentures for an amount in cash equal to not less than the Repurchase Price, by one or more investment bankers or other purchasers who may agree with the Company to purchase such Securities 2021 Debentures from the Holders, to convert them into Common Stock of the Company and to make payment for such 2021 Debentures to the Trustee in trust for such Holders. ARTICLE SIXTEEN.

Appears in 1 contract

Sources: First Supplemental Indenture (Carnival Corp)