Common use of Conversion Arrangements on Call for Redemption Clause in Contracts

Conversion Arrangements on Call for Redemption. In connection with any redemption of Securities, the Company may arrange for the purchase and conversion of any Securities surrendered for redemption by an agreement with one or more investment banking firms or other purchasers to purchase such Securities by paying to the Holders thereof, or to the Trustee or Paying Agent in trust for such Holders, at or before 10:00 a.m. on the Redemption Date, an amount not less than the Redemption Price, together with interest accrued to the Redemption Date, payable by the Company on redemption of such Securities. Notwithstanding anything to the contrary contained in this Article Eleven, the obligation of the Company to pay the Redemption Price of such Securities, together with interest accrued to the Redemption Date, shall be satisfied and discharged to the extent such amount is so paid by such purchasers. Pursuant to such an agreement, any Securities tendered by the Holder thereof for redemption or not duly surrendered for conversion by such Holder shall be deemed acquired by such purchasers from such Holders and surrendered by such purchasers for conversion, all as of immediately prior to the Close of Business on the Redemption Date, subject to payment of the above amount as aforesaid.

Conversion Arrangements on Call for Redemption. In connection with any redemption of Securities, the Company may arrange for the purchase and conversion of any Securities surrendered for redemption by an agreement with one or more investment banking firms or other purchasers to purchase such Securities by paying to the Holders thereof, or to the Trustee or Paying Agent in trust for such Holders, at or before 10:00 a.m. on the Redemption Date, an amount not less than the Redemption Price, together with interest accrued to the Redemption Date, payable by the Company on redemption of such Securities. Notwithstanding anything to the contrary contained in this Article ElevenXI, the obligation of the Company to pay the Redemption Price of such Securities, together with interest accrued to the Redemption Date, shall be satisfied and discharged to the extent such amount is so paid by such purchasers. Pursuant to such an agreement, any Securities tendered by the Holder thereof for redemption or not duly surrendered for conversion by such Holder shall be deemed acquired by such purchasers from such Holders and simultaneously surrendered by such purchasers for conversion, all as of immediately prior to the Close of Business on the Redemption Date, subject to payment of the above amount as aforesaid.

Conversion Arrangements on Call for Redemption. In connection with any redemption of Securities, the Company may arrange for the purchase and conversion of any Securities surrendered for redemption by an agreement with one or more investment banking firms or other purchasers to purchase such Securities by paying to the Holders thereof, or to the Trustee or Paying Agent in trust for such Holders, at on or before 10:00 a.m. the close of business on the Redemption Datedate fixed for redemption, an amount not less than the Redemption Priceredemption price, together with interest accrued to the Redemption Datedate fixed for redemption, payable by the Company on redemption of such Securities. Notwithstanding anything to the contrary contained in this Article Eleven, the obligation of the Company to pay the Redemption Price redemption price of such Securities, together with interest accrued to the Redemption Datedate fixed for redemption, shall be satisfied and discharged to the extent such amount is so paid by such purchasers. Pursuant to such an agreement, any Securities tendered by the Holder thereof for redemption or not duly surrendered for conversion by such Holder shall be deemed acquired by such purchasers from such Holders and surrendered by such purchasers for conversion, all as of immediately prior to the Close close of Business business on the Redemption Datedate fixed for redemption, subject to payment of the above amount as aforesaid.

Conversion Arrangements on Call for Redemption. In connection with any redemption of Securities, the Company may arrange for the purchase and conversion of any Securities surrendered for redemption by an agreement with one or more investment banking firms or other purchasers to purchase such Securities by paying to the Holders thereof, or to the Trustee or Paying Agent in trust for such Holders, at or before 10:00 11:00 a.m. on the Redemption Date, an amount not less than the Redemption Price, together with interest accrued to the Redemption Date, payable by the Company on redemption of such Securities. Notwithstanding anything to the contrary contained in this Article ElevenXI, the obligation of the Company to pay the Redemption Price of such Securities, together with interest accrued to the Redemption Date, shall be satisfied and discharged to the extent such amount is so paid by such purchasers. Pursuant to such an agreement, any Securities tendered surrendered by the Holder thereof for redemption or not duly surrendered for conversion by such Holder shall be deemed acquired by such purchasers from such Holders and surrendered by such purchasers for 65 75 conversion, all as of immediately prior to the Close close of Business on business of the Redemption Date, subject to payment of the above amount as aforesaid.

Conversion Arrangements on Call for Redemption. In connection with any redemption of Securities, the Company may arrange for the purchase and conversion of any Securities surrendered for redemption by an agreement with one or more investment banking firms or other purchasers to purchase such Securities by paying to the Holders thereof, or to the Trustee or Paying Agent in trust for such Holders, at or before 10:00 no later than 10:30 a.m. New York City time on the Redemption Datedate fixed for redemption, an amount not less than the Redemption Priceredemption price, together with interest accrued to the Redemption Datedate fixed for redemption, payable by the Company on redemption of such Securities. Notwithstanding anything to the contrary contained in this Article ElevenThree, the obligation of the Company to pay the Redemption Price redemption price of such Securities, together with interest accrued to the Redemption Datedate fixed for redemption, shall be satisfied and discharged to the extent such amount is so paid by such purchasers, and the only remaining right of the Holders of such Securities will be to receive payment of the redemption price of such Securities, together with interest accrued to the date fixed for redemption, upon surrender to the Paying Agent of the Securities to be redeemed. Pursuant to such an agreement, any Securities tendered by the Holder thereof for redemption or not duly surrendered for conversion by such Holder shall be deemed acquired by such purchasers from such Holders and surrendered by such purchasers for conversion, all as of immediately prior to the Close close of Business business on the Redemption Datedate fixed for redemption, subject to payment of the above amount as aforesaid.. ARTICLE FOUR