The problem is that once a conversion period rolls around, investors have the opportunity to actually call for the debt, potentially bankrupting companies or forcing them into debilitating negotiations.

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Ms. Bary stated she had made her conversion to Christianity over a period of years, but in June 2009 was baptized in Ohio by Brian Williams, a 21 year old associate.

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"Once the conversion is made, the client can spread the tax of the conversion over a two-year period, " Lowlicht says.

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The Amro agreement was arranged so that it would get more shares of Sedona on the conversion date if Sedona shares dropped in the period leading up to it.

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Varndell notched the third Wasps try after a good period of pressure, Walder's conversion again wayward.

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Hook missed the conversion and two subsequent penalty attempts, during a period that saw Ulster lose try-scorer Tuohy to possible concussion after his attempted tackle on a charging Jerry Collins.

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However, following such a conversion, an S corporation must hold its assets for a certain period in order to avoid a tax on any built-in gains that existed at the time of the conversion.

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