Conversion of Debentures. 5.1 Applicability (a) Subject to applicable regulatory approval (including the approval of such stock exchange(s) on which the Shares are listed, if applicable), the Debentures issued hereunder (subject, however, to any applicable restriction on the conversion of Debentures contained in Sections 2.3(e), 2.3(n) and/or 5.3(a)) will be convertible into Freely Tradeable Shares, 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, or in an Officer’s Certificate. (b) Such right of conversion shall extend only to the maximum number of whole 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 Shares shall be dealt with in the manner provided in Section 5.5.
Appears in 1 contract
Sources: Trust Indenture
Conversion of Debentures.
Section 5.1 ApplicabilityApplicability of Article
(a1) Subject to applicable regulatory approval (including the approval of such stock exchange(s) on which the Shares are listed, if applicable), the Any Debentures issued hereunder of any series which by their terms are convertible (subject, however, to any applicable restriction on of the conversion of Debentures contained in Sections 2.3(e), 2.3(n) and/or 5.3(a)of such series) will be convertible into Freely Tradeable SharesCommon Shares or other securities of the Corporation, 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 IndentureIndenture (including Sections 2.4(6) and 3.6 hereof), in such Debentures, or in an Officer’s Certificate.Certificate, or in a supplemental indenture authorizing or providing for the issue thereof.
(b2) 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 dealt with adjusted for in the manner provided in Section 5.55.6.
Appears in 1 contract
Sources: Indenture
Conversion of Debentures.
5.1 Applicability
(a) Subject to applicable regulatory approval (including the approval of such stock exchange(s) on which the Shares are listed, if applicable), the Any Debentures issued hereunder of any series which by their terms are convertible (subject, however, to any applicable restriction on of the conversion of Debentures contained in Sections 2.3(e), 2.3(n) and/or 5.3(a)of such series) will be convertible into Freely Tradeable SharesTradable Common Shares or, if applicable, other securities or property of the Corporation, 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 IndentureIndenture (including Sections 2.4(f), 2.4(l) and 3.7 hereof), in such Debentures, or in an Officer’s Certificate.'s Certificate, or in a supplemental indenture authorizing or providing for the issue thereof.
(b) 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 dealt with adjusted for in the manner provided in Section 5.55.6.
Appears in 1 contract
Sources: Convertible Debenture Indenture