Common use of Conversion by Trustee Clause in Contracts

Conversion by Trustee. If any Special Warrant has not been converted pursuant to Section 4.1 hereof prior to the Qualification Date, such Special Warrant will be converted by the Trustee for and on behalf of the holder thereof and, without any action on the part of the holder thereof (including the surrender of any Special Warrant Certificate), and the Special Warrants will be deemed to have been converted into Underlying Securities on the first Business Day following the Qualification Date.

Conversion by Trustee. If any Special Warrant has not been converted pursuant to Section 4.1 hereof prior to the Qualification Expiry Date, such Special Warrant will be converted by the Trustee for and on behalf of the holder thereof and, without any action on the part of the holder thereof (including the surrender of any Special Warrant Certificate), and the Special Warrants will be deemed to have been converted into Underlying Securities on the first Business Day following the Qualification Expiry Date.