Common use of Outstanding Convertible Notes Clause in Contracts

Outstanding Convertible Notes. (a) Convertible Notes outstanding at any time are all the Convertible Notes issued by the Company except for those converted, those cancelled by it, those delivered to it for cancellation and those described in this Section as not outstanding. (b) If a Convertible Note is replaced pursuant to Section 2.08, it ceases to be outstanding. (c) If the Paying Agent (other than the Company) holds on a date fixed for the redemption of the Convertible Notes (the “Redemption Date”) or the Maturity Date money sufficient to pay Convertible Notes payable on that date, then (unless the Paying Agent does not make pay the Convertible Note or accrued and unpaid interest within five days of presentation of the Convertible Note) on and after that date, such Convertible Notes shall be deemed to be no longer outstanding and interest on them shall cease to accrue.