Common use of Expiration of Conversion Right Clause in Contracts

Expiration of Conversion Right. On the Maturity Date, the Conversion Right shall cease and terminate with respect to any amount of the Principal Sum which has not been converted except to the extent that a Debentureholder has not received certificates representing the Common Shares issued upon exercise of the Conversion Right, in which instance such Debentureholder’s rights hereunder shall continue until it has received that to which it is entitled hereunder.