rchased Securities but after payment of the call or instalment in question. 5. Exercise of rights of conversion 5.1 This paragraph applies where the Purchased Securities under a Transaction are Securities in respect of which a right of conversion (whether arising under the terms of issue of the Securities or under a

rchased Securities but after payment of the call or instalment in question. 5. Exercise of rights of conversion 5.1 This paragraph applies where the Purchased Securities under a Transaction are Securities in respect of which a right of conversion (whether arising under the terms of issue of the Securities or under a

rresponds to the Undelivered Securities under the Terminated Transaction shall be set off against their obligations with respect to the deliver• of the Purchased Securities and the payment of the Purchase Price under the new Transaction and accordingly only a net cash sum shall be paid by Seller to Buyer. If such net s

rchased Securities but after payment of the call or instalment in question. 5. Exercise of rights of conversion 5.1 This paragraph applies where the Purchased Securities under a Transaction are Securities in respect of which a right of conversion (whether arising under the terms of issue of the Securities or under a

rresponds to the Undelivered Securities under the Terminated Transaction shall be set off against their obligations with respect to the deliver• of the Purchased Securities and the payment of the Purchase Price under the new Transaction and accordingly only a net cash sum shall be paid by Seller to Buyer. If such net s